Cameron Property definition
Examples of Cameron Property in a sentence
The owner of the Cameron Property shall be prohibited from constructing or installing parking spaces immediately adjacent to the Shared Access Easement Area unless such spaces are separated from the Shared Access Easement Area by curbing or landscaping, it being the intent hereof that the Shared Access Easement Area not be obstructed or congested with motor vehicles pulling into or out of parking spaces.
RaceTrac does hereby bargain, sell grant and convey to Cameron a perpetual, non-exclusive right, privilege and easement over that portion of the Shared Access Easement Area on the RaceTrac Property, for the benefit of and as an appurtenance to the Cameron Property, for the purpose of providing access, ingress and egress by pedestrian traffic and by motor vehicles onto Bellaire Bay Drive.
RaceTrac does hereby bargain, sell, grant and convey to Cameron a perpetual, non-exclusive right, privilege and easement over that portion of the Shared Access Easement Area that is located on the RaceTrac Property, for the benefit of and as an appurtenance to the Cameron Property, for the discharge of surface and storm water through and into existing drainage lines and related facilities for all of the Cameron Property’s storm water drainage needs.
Cameron does hereby bargain, sell, grant and convey to RaceTrac a perpetual, non-exclusive right, privilege and easement over a portion of the Shared Access Easement Area that is located on the Cameron Property, for the benefit of and as an appurtenance to the RaceTrac Property, for the purpose of providing access, ingress and egress by pedestrian traffic and by motor vehicles onto Bellaire Bay Drive.
Cameron does hereby grant and convey to and for the benefit of RaceTrac, its contractors, agents and employees, a temporary non-exclusive easement over, upon, and across that portion of the Cameron Property known as Lot 3 of Heritage Bay Commons for the purpose of vehicular and pedestrian ingress and egress (including, without limitation, construction vehicles and personnel), and the staging and storage of construction materials, fill, and debris.
Cameron does hereby bargain, sell, grant and convey to RaceTrac a perpetual, non-exclusive right, privilege and easement over that portion of the Shared Access Easement Area that is located on the Cameron Property, for the benefit of and as an appurtenance to the RaceTrac Property, for the discharge of surface and storm water through and into existing drainage lines and related facilities for all of the RaceTrac Property’s storm water drainage needs.
Sellers and Buyer acknowledge and agree that of the Purchase Price, the Cameron Property shall be allocated $25,833,355.00 (the “Cameron Purchase Price”), and the Eldorado Property shall be allocated $33,416,645.00 (the “Eldorado Purchase Price”).
The benefits and burdens of the easements granted by this Agreement shall run with the title to the RaceTrac Property and the Cameron Property, respectively, and shall bind the owners, and their respective successors and/or assigns thereof.
Notwithstanding the foregoing, Cameron does hereby grant and convey to and for the benefit of RaceTrac, its contractors, agents and employees, a temporary non-exclusive easement over, upon, and across that portion of the Cameron Property located within ten (10) feet of the Shared Access Easement Area to facilitate the construction activities to be undertaken by RaceTrac upon the Shared Access Easement Area.