Subdivision Approval definition
Examples of Subdivision Approval in a sentence
Condition C1 of the Subdivision Approval also provides that, alternatively, the Developer may execute a development agreement with the City, acting by and through its Bureau of Transportation (“PBOT”), that insures that the South Portal Transportation Improvements will be installed.
This Agreement constitutes the entire agreement between the Parties as to the condition of approval for the Subdivision Approval.
Also if any additional conditions precedent are set forth in the applicable Subdivision Approval Letter (or in a separate post-closing agreement) such additional conditions precedent shall have been satisfied.
Notwithstanding any provision of this Agreement, Developer’s agreements in this Agreement are not to be construed as obligations to develop all or any part of the Project, but rather as the terms under which Developer may satisfy certain conditions of approval of the Subdivision Approval.
Lessor and Lessee acknowledge that the Repurchase Land will be transferred to SIMP II upon written confirmation satisfactory to Lessor in its sole discretion that the subdivision of the Land and the Phase I Plat (as herein defined) have been approved by the proper Governmental Entity and all appeal periods have expired (the "Subdivision Approval").