Option Parcel definition

Option Parcel means all right, title and interest of any Credit Party pursuant to that certain Option Agreement dated as of March 20, 2013 by and among QuanTexas Energy LLC, the Borrower and Texas Regional Title LLC, as the same may be amended, supplemented or otherwise modified from time to time.

Option Parcel shall have the meaning set forth in Section 33 of this Lease.

Option Parcel means the area east of left field shown on Exhibit attached hereto and made a part hereof.

Examples of Option Parcel in a sentence

• In the event Developer elects to proceed with the Phase II Improvements and/or the development of the Option Parcel, the City agrees to negotiate in good faith regarding the provision of economic incentives to be made with respect to such Phase II Improvements and/or development of the Option Parcel, as applicable.

• For purposes of clarity, the City’s only obligations in connection with this Agreement are to convey the Project Parcel to Developer, pay the XXX Xxxxx, and coordinate and ensure the completion of the construction of the City Projects (at City’s cost and expense), and convey the Option Parcel if the Option is exercised, all in accordance with the terms and conditions of this Agreement.

• In the event the Developer exercises the Option in accordance with terms hereof, City agrees to sell the Option Parcel to the Developer consistent with terms of Article 5 hereof, subject to the conditions of this Article 6, which shall control in the event of any conflict, pursuant to the Option Parcel Deed attached hereto as Exhibit H.

• With prior written notice to City no later than sixty (60) days prior to expiration of the then current Option Term, and provided Developer has completed plans for the development of the Option Parcel, Developer may purchase up to seven, one-year extension terms at a cost of $150,000 for each one-year extension term, which will be applied by the City to the purchase price at closing.

• Signature Notary Public My commission expires: Exhibit A to Special Warranty Deed Property Description [To be inserted after confirmation by survey] Exhibit G Description of Option Parcel [To be inserted after confirmation by survey] EXHIBIT H Option Parcel Quitclaim Deed with Right of Repurchase Prepared by and return to: Xxxx Xxxxxx, Esq.

More Definitions of Option Parcel

Option Parcel has the meaning set forth in Section 4.5(c) hereof.

Option Parcel means the 3.47+ acre portion of Parcel #R0000000000 as outlined in that certain Option Agreement, by and between PetIQ, Eagle River L.L.C. and First American Title Insurance Company, as escrow agent.

Option Parcel means the 3.47+ acre portion of Parcel #R5760250170 as outlined in that certain Option Agreement, by and between PetIQ, Eagle River L.L.C. and First American Title Insurance Company, as escrow agent.

Option Parcel shall have the meaning as set forth in Article 6 hereof.

Option Parcel. 1: Assessor’s Parcel No. 139-18-511-004 Option Parcel 2: Assessor’s Parcel Xx. 000-00-000-000 - # -

Option Parcel. The approximately 56.767 acre parcel south of the Premises (across Park Boulevard) described more particularly in that certain Option to Purchase Contract [South Tract] dated March 19, 1997, by and between Guarantor, as Purchaser, and Xxxx Investment Partnership , Ltd., Xxxxxxx X. Xxxx, Xxxxxx Xxxxx Xxxx, Xxxxxxxxx X. Xxxx and Xxxx Grandchildren's Trust, collectively, as Seller, as amended by First Amendment to Option to Purchase Contract [South Tract], dated March 17, 2000.

Option Parcel means a certain approximately four (4) acre parcel more specifically identified in the Option Agreement and owned by HRHH Development.