Examples of Developable Land in a sentence
In this 2015 report, the Legislative Analyst’s Office noted four key reasons that not enough housing units are being built in California’s coastal areas, all of which support the thesis of investing in multifamily assets: Community Resistance to New Housing, Environmental Reviews Can Be Used to Stop or Limit Housing Development, Local Finance Structure Favors Nonresidential Development, and Limited Vacant Developable Land.
During the term of this Sublease, Subtenant shall have access over the Developable Land to use, maintain and repair, if necessary, the Subtenant's hydrogen tank and related piping.
Notwithstanding the foregoing, in no event shall Subtenant's Share of Taxes include taxes assessed on any new improvements constructed on the Developable Land.
In addition, Sublandlord's leasehold estate includes the rights of Lessor to that certain Air Products pipeline containing gaseous nitrogen exists on or under the Developable Land and during the term of this Sublease, Subtenant shall have the exclusive right to use such pipeline and shall have access over the Developable Land to use, maintain and repair, if necessary, the Air Products pipeline and related piping.
The parties hereto acknowledge that a hydrogen tank is situated on the Developable Land (as defined below) in the northwest corner of the Developable Land, which is also included as part of the Subtenant Improvements.