Unplatted definition
Examples of Unplatted in a sentence
At such time as any lot or condominium unit within the Unplatted Property becomes an "Eligible Lot" (as such term is defined in Exhibit "B" to this Agreement) such lot or condominium unit shall automatically constitute Lots under this Agreement.
Sanctions may include reasonable monetary fines which may be secured by a lien upon an Owner’s Unit or Unplatted Parcel in the same manner as delinquent Assessments, all as more particularly set forth in the Bylaws.
Rather, Optionor and Optionee intend that the Unplatted Property will, during the term of this Agreement, be zoned, entitled, platted, and developed into single-family residential lots and/or condominium units in substantial conformance with the conceptual plans described on Exhibits "C-1" through "C-5" to this Agreement (the "CONCEPTUAL PLANS").
The District Association shall, upon demand at any time, furnish to any Owner liable for any type of Assessment a certificate in writing setting forth whether such Assessment has been paid as to any particular Unit or Unplatted Parcel.
No Owner, whether one (1) or more Persons, shall have more than one (1) membership per Unit or Unplatted Parcel owned.
The Board of Directors shall publish in accordance with the provisions of the Bylaws notice of the adoption of the budget and the amount of the Regular Assessment to be levied against each Unit or Unplatted Parcel for the following fiscal year, calculated as provided in Section 1 of this Article.
Owner agrees to immediately notify the District Association upon such transfer and to deliver to the District Association the address of the new Owner, and a copy of the deed conveying the Unit or Unplatted Parcel to the new Owner.
Membership in the District Association shall be appurtenant to and may not be separated from the ownership interest of an Owner in a Unit or Unplatted Parcel.
Covenants and restrictions consistent with the general plan of development may include, without limitation, requirements for insurance and repair of the Common Area and Units or Unplatted Parcels, rights and obligations in respect to condemnation, rights and obligations of the District Association, including the right to promulgate rules and regulations (including without limitation liens), and providing enforcement powers, and reservation of additional easements over the District Property.
Upon the terms and conditions set forth herein, TCW agrees to exchange (the "EXCHANGE") with Inland on the Closing Date, all of TCW's right, title and interest in (i) the Exchanged D Preferred Stock and (ii) the Exchanged E Preferred Stock FOR (x) TCW Sub Notes in the original principal amount equal to the Purchase Amount and (y) a check in the amount of $2,000,000 payable to the order of TCW (the "TCW CHECK").