This Agreement will be effective to create an interest in the Real Property only if the Subdivision control provisions of the Planning Act (Ontario) are complied with by Sellers on or before Closing.
Subdivision plat means the graphical representation of the subdivision of land, prepared by a licensed professional land surveyor, having a number or letter designation for each lot within the plat and a succinct name or title that is unique for the county where the land is located.
Subdivision means the division of a piece of land into two or more portions;
Political subdivision means a city, village, town or county.
Local Subdivision Contribution means the Local Subdivision financial share used for the sole and express purpose for paying or reimbursing the costs certified to the Director under this Agreement for completion of the project.
Local political subdivision means a county, municipal corporation, township, conservancy district, soil and water conservation district, joint recreation district, park district, or other similar park authority.