Fee Parcel definition
Examples of Fee Parcel in a sentence
It shall be a Condition Precedent to Buyer’s obligations to close as set forth in this Agreement that, on or prior to the Closing, title to the Fee Parcel be transferred to DAFC and that the Ground Lease Amendment be executed and delivered by the applicable parties, together with any applicable amendments to any related documents, including the Indenture and/or the Bonds as necessary (collectively, the “Ground Lease Amendment Condition Precedent”).
Within thirty (30) days of the date ------------------------------- of this Agreement, Buyer shall, at Buyer's cost and expense, cause an environmental consulting firm reasonably acceptable to the Company to perform a Phase I Environmental Assessment (the "Environmental Assessment") of the Fee Parcel and the improvements thereon and shall deliver to the Company a report prepared by such environmental consulting firm (the "Environmental Report").
If a Class Member acquired both a Qualifying Parcel and a Fee Parcel in one transaction, the Refund Benefit shall equal that percentage of the purchased property that is equal to the percentage of Qualifying Parcel to the entire purchase on a linear basis.
The Special Warranty Deed shall contain the legal description of the Fee Parcel attached hereto.
The improvements on the Fee Parcel do not encroach on any property not included in the Fee Parcel, and to the best of the Company's knowledge there is no encroachment on the Fee Parcel by improvements located on property not included in the Fee Parcel, in each case except for such encroachments that would not have a Material Adverse Effect.
Seller intends, on or prior to the Closing Date, to convey the Fee Parcel to the DAFC and amend the Ground Lease to subject the Fee Parcel to the Ground Lease.
The Fee Parcel, Seller's leasehold estate in the Ground Lease Parcel and Seller's interest in the Ground Lease, the Improvements and the Personal Property are referred to collectively herein as the "Property".
Upon the conveyance of the USFS Option Parcel, Landlord and Tenant hereby agree that Schedule 1.2 to this Agreement shall automatically and immediately be modified to include only the Option Fee Parcel.
To the Company's knowledge, the improvements on the Fee Parcel are in all material respects in working condition.
Prior to Closing, Developer shall have caused the subdivision of the School Parcel (the “Subdivision”) so that District is in a position to convey fee simple title to the 9 ½ Street Fee Parcel to Developer at Closing.