Outparcels definition

Outparcels means those certain portions of the Shopping Center as designated on the site plan attached hereto as Exhibit “C” which are contemplated to be sold to third parties as determined in accordance with the terms of that certain Limited Liability Company Agreement of Port Orange I, LLC dated January 30, 2008 (the “Venture Agreement”). Upon the approval of the Members, the Chief Manager may revise or replace Exhibit “C” hereto to reflect any change in the designation of the Outparcels.

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Outparcels means the outparcels at each Project and more particularly described on Exhibit L, attached hereto.

Outparcels means those two certain parcels of land more particularly described on Exhibit A hereto.

Examples of Outparcels in a sentence

The Members further agree that the Company’s portion of all costs of the Venture that are not specifically traceable to a particular parcel (e.g., financing costs, certain site work, etc.) shall be shared proportionately by the Members based on the acreage of the Investment Property and Outparcels.
CBL Management shall be responsible for all additional Capital Contributions related to the Outparcels as may be required by the Company pursuant to the Venture Agreement.
The Members agree that the Company’s portion of all costs of the Venture that are traceable to a particular parcel (e.g., leasing or sales commissions) are the responsibility of CBL OP in the case of Investment Property and CBL Management in the case of Outparcels.
The Owners of the Outparcels shall be jointly and severally liable for all obligations and liabilities imposed on them respectively pursuant to this Agreement and such joint and several Jiability shall survive the Conveyance Date for a period of twelve (12) months.
Swerdlow Limited Partner (i) will pay $3,000 of the cost of the survey of the Outparcels performed in connection with this transaction and Partnership shall pay the balance of such cost and (ii) fifteen (15%) of the promulgated title insurance premium for the title insurance policy to be issued in connection with this transaction and Partnership shall pay the balance of such premium.

More Definitions of Outparcels

Outparcels means those unimproved parcels held for sale or lease located on the perimeter of the Collateral Asset as shown on Exhibit D attached hereto.

Outparcels shall have the meaning ascribed to it in Section 2(b).

Outparcels means those parcels located on the perimeter of the Collateral Asset as legally described on Exhibit D attached hereto.

Outparcels means those certain thirteen (13) outparcels located in the immediate vicinity of the Real Property along Interstate ▇▇▇▇▇▇▇ ▇▇, ▇▇▇ ▇▇▇▇▇ and Worth Parkway occupied by single occupants operating as of the Effective Date under the following trade names: Racer Classic Car Wash, Popeye’s, Sonic, Whataburger, Chick-fil-A, Panera, IHOP, Lupe Tortilla, Jared, Maggiano’s Little Italy, BJ’s Brewhouse, Freddy’s Frozen Custard & Steakburgers, and Mimi’s Café.

Outparcels shall have the meaning set forth in the definition of ---------- Owned Land.

Outparcels means the vacant and improved outparcels of land located at the corner of County Line Road and Bruce B. Downs Boulevard in Hillsborough County, Florida and which are contiguous to the Retail Space.

Outparcels means, individually or collectively, as the case may be, ▇▇▇▇▇▇▇▇▇ ▇, ▇▇▇▇▇▇▇▇▇ 2, and Outparcel 3.