Single Lot definition

Single Lot means a parcel of land, restricted through zoning or other means, for the use by one person, family or common group in one home.‌
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Single Lot means oysters coming from a single oyster bar, harvested during a single trip on a single day by a single harvester.
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Single Lot means oysters coming from a single lease, harvested during a single trip on a single day.
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Examples of Single Lot in a sentence

  • To the extent that such Net Proceeds so transferred into the Special Redemption Account are not sufficient to pay the Single Lot Bonds in whole pursuant to Section 2.8 of the Single Lot Resolution, the Borrower shall forthwith pay the sum of such deficiency to the Trustee for deposit into the Special Redemption Account.

  • Any balance of such Net Proceeds of any Condemnation award remaining after payment of all costs of such restoration or acquisition shall be deposited in the Special Redemption Account held by the Trustee and used only to prepay the Single Lot Bonds as provided in Section 5.11(a) of the General Bond Resolution.

  • Any balance of such Net Proceeds remaining after payment of all the costs of such replacement, repair, rebuilding or restoration shall be deposited in the Special Redemption Account held by the Trustee and used only to prepay the Single Lot Bonds as provided in Section 5.11(a) of the General Bond Resolution.

  • Notwithstanding the foregoing, the number and amount of proportional payments of the monthly installments to be paid on the Loan shall be adjusted in accordance with the date of the Note and the dates of the initial interest payment and initial payment of the Principal Installment due on the Single Lot Bonds.

  • The Board and the Borrower agree that this Agreement is executed in part to induce the purchase by others of the Single Lot Bonds.

  • The Borrower hereby consents, in connection with such refunding, to any deposit by the Board of all or part of the proceeds of such refunding Bonds (i) into the Special Redemption Account to prepay in whole the Single Lot Bonds or (ii) to be held by the Trustee to defease the Single Lot Bonds in accordance with the provisions of Section 11.02 and Section 11.03 of the General Bond Resolution.

  • In the event of the acceleration of the Loan hereunder, if any General Guaranty Fund Payments are made from the General Guaranty Fund with respect to the Single Lot Bonds, there shall arise hereunder a right of reimbursement against the Borrower and accruing to the General Guaranty Fund equal to the sum of the unsatisfied General Guaranty Fund Reimbursement Amount with respect to the Single Lot Bonds.

  • In the event that the Borrower fails to pay any such amounts into the Reconstruction Account, then the Single Lot Bonds shall be prepaid in accordance with Section 7.1(b) of this Agreement.

  • However, the obligations of the Borrower to make the payments required by Section 5.1 and Section 5.2 hereof and Article XI hereof, and to provide the indemnity required by Section 8.2 hereof and payment of attorney fees required by Section 10.4 hereof, shall survive the termination of this Agreement and the full payment of the Single Lot Bonds.

  • The Act prescribes and the parties intend that by reason of making this Agreement, by reason of the issuance of the Single Lot Bonds, by reason of the performance of any act required of the Board by this Agreement, or by reason of the performance of any act requested of the Board by the Borrower, no indebtedness or charge against the general credit or taxing powers, if any, of the Board within the meaning of any constitutional or statutory limitation shall occur.