Platted Lot definition
Examples of Platted Lot in a sentence
Additionally, Buyer's obligation to purchase the property is expressly subject to and contingent upon the BUYER, at BUYER'S expense having the subject property replatted by the City of Dallas into a Platted Lot acceptable to the Buyer.
Buyer and Seller agree that the approved MPR Platted Lot Adjustments between September 1, 2000, and March 31, 2001, are in the amount of (US$554,796.00).
Notwithstanding any contrary provisions herein, any Platted Lot shall automatically be deemed released from all of the terms ofthis Agreement without further written release.
Notwithstanding any contrary provisions herein, any Platted Lot shall automatically be deemed released from all of the terms of this Agreement without further written release.
Based on the Qualified Adjustments, Equipment Adjustments, and MPR Platted Lot Adjustments, the Purchase Price shall be reduced by the sum of US$198,841.00 to an adjusted Purchase Price of Seventeen Million One Hundred Fifty-one Thousand One Hundred Fifty-nine Dollars (US$17,151,159.00) (which amount does not include the additional purchase price of US$2,140,056.00 for the shares of Olympic Water and Sewer, Inc., under the OWSI Stock Purchase Agreement, and Inventory Adjustments) as of March 31, 2001.
After the Closing Date, Seller shall deliver a statement relating to MPR Platted Lot Adjustments applicable to the period between June 21, 2001, and the Closing Date, and the original principal balance under the Note, Deed of Trust, and Subordination Agreement shall be adjusted, as provided at Section 2.6.4.
Except as otherwise provided herein, the annual assessments shall not be more than the sum calculated in accordance with the following schedule: A Platted Lot $75.00 Any platted lot further Divided shall pay its pro rata portion of $75.00 From and after 1991, the maximum Annual Assessment may not be increased more than ten (10%) percent above the previous years assessment, except by a vote of the members who are voting in person or by proxy at a member’s meeting.
Based on the Qualified Adjustments, Equipment Adjustments, and MPR Platted Lot Adjustments, the Purchase Price shall be reduced by the sum of US$198,841.00 to an adjusted Purchase Price of Sixteen Million One Hundred Fifty-one Thousand One Hundred Fifty-nine Dollars (US$16,151,159.00) (which amount does not include the additional purchase price of US$2,000,000.00 for the shares of Olympic Water and Sewer, Inc., under the OWSI Stock Purchase Agreement, and Inventory Adjustments) as of March 31, 2001.
The Purchase Price shall be further adjusted on the Closing Date based on Qualified Adjustments, Equipment Adjustments, and MPR Platted Lot Adjustments after March 31, 2001, and Inventory Adjustments after September 1, 2000.
Prior to the date of this Agreement, Developer made a portion of the Platted Lot Payment in connection with the recordation of certain plats, but, as less than 2,000 lots have been platted, a balance of the Platted Lot Payment remains to be paid to the City.