Examples of Phase II Property in a sentence
Upon execution of this Agreement, the Performance Agreement entered into by the Parties shall continue in full force and effect but shall be deemed amended to: (a) delete the Phase II Property from the Property covered by the Performance Agreement; and (b) clarify that the Kroger Store existing on the Effective Date constitutes the “Base Development” under the Performance Agreement even though the Kroger Store consists of more than 80,000 gross square feet.
Applicant will provide a permanent information display in a highly used location on the Phase II Property for commuter information and promotional material on transportation management programs in the TMD, the County and the region.
At such time as Applicant ceases to hold either a lease or a fee simple interest in the Phase II Property or any part thereof, the obligations and liabilities thereafter accruing (but not any accrued and unperformed obligations and liabilities) will be the obligations or liabilities of Applicant's successors and/or assigns, to the extent permitted by law.
To accomplish the conveyance of the ground leasehold interest in the Phase I Property and/or the Phase II Property from the City to Developer pursuant to the Ground Lease(s), the Parties shall establish an escrow with Escrow Holder (the “Escrow”) not later than five (5) business days after the approval by Developer and the City of the Required Agreements, by each delivering three executed original counterparts of this Agreement to Escrow Holder.
If the Purchaser and the Seller are unable to agree upon an acceptable legal description for the Phase II Property or the Plans are rejected by the City and Purchaser is unable or unwilling to revise the Plans to address the City’s objections, except that Seller acknowledges that Purchaser’s general plan for the Property is set forth in the sketch attached as Exhibit B.