ACRE TRACT. In consideration for conveyance of the 13 acre tract of real property from the Authority to the Developer, the Developer agrees to timely complete the Project as set forth in Section 5.2. In the event that the Developer has not completed construction of the Project prior to December 31, 2025, the Developer will pay to the Authority the sum of TEN THOUSAND AND NO/100 DOLLARS ($10,000.00) per month for each month in which the Developer has not completed the Project by the first day of said month. The Developer’s obligation to honor such completion date is specifically conditioned upon timely completion by the City and the Authority of all of their respective obligations hereunder and subject to any delays in full completion of any of the conditions precedent set forth in Articles 11 and II above, any delays in completion of the Project Site Improvements, or anything beyond the reasonable control of the Developer including but not limited to acts of God, tornado or severe weather event, flood, strikes, shortages of materials or pandemic. The rights, duties and obligations set forth in this Section 5.8A shall terminate and be of no effect upon the twenty-fifth (25th) anniversary of the date of completion of the Project by the Developer.
ACRE TRACT. DESCRIPTION OF 17.10 ACRE TRACT, BEING A PORTION OF A CALLED 40.00 ACRE TRACT LOCATED IN XXXXXXX 00, XXXXX 00, XXXXXXXX XX. 00, XX THE T. & P. RR. CO. SURVEY, CONVEYED IN DOCUMENT NO. 2006-00004754, VOLUME 2014, PAGE 987, OFFICIAL PUBLIC RECORDS, ECTOR COUNTY, TEXAS (O.P.R.E.C.TX.) TO NAVASOTA ODESSA ENERGY PARTNERS, L.P. (CURRENTLY “QUAIL RUN ENERGY PARTNERS, LP” PER DOCUMENT NUMBERS 2015-00001234 AND 2015-00001690, O.P.R.E.C.TX.). THE PERIMETER OF SAID 17.10 ACRE TRACT BEING MORE PARTICULARLY DESCRIBED BY XXXXX AND BOUNDS AS FOLLOWS: BEGINNING AT A CALCULATED POINT AND SAID POINT OF BEGINNING HAVING GRID COORDINATES N=10,639,920.85, E=1,680,254.53 US SURVEY FEET;
ACRE TRACT. MODIFICATION OF PROMISSORY NOTE AND LOAN AGREEMENT The undersigned parties to this agreement intend to modify that certain promissory note dated April, 12, 1996 executed by A W G, Ltd., a Nevada corporation, as Payee, in favor of Bar-K, Inc., a California corporation, as Lender, in the amount of $1,680,000.00 (the "promissory note"). As consideration for such modification of promissory note, A W G , Ltd., a Nevada corporation, agrees to pay to Bar-K, Inc., a California corporation, a modification of promissory note fee of $10,750.00 and A W G, Ltd., a Nevada corporation agrees to pay the amounts stated in Section 2 and 3 below. The parties agree to modify the promissory note as follows:
ACRE TRACT. BEING 2.55 ACRES OF LAND LYING IN New City Block 15101 and being the remaining portion of Lot 2, Nob Hill Subdivision, recorded in Volume 6900, Page 37 of the Plat Records of Bexar County, Texas and being more particularly described as follows: BEGINNING at an iron rod set, with cap, at the most northeast corner of the beforementioned Lot 2, lying in the west right-of-way line of Interstate High 10 (300 foot wide right-of-way) and also being the most east corner of Lot 5, Exxon Subdivision, recorded in Volume 7700, Page 198, of the Plat Records of Bexar County, Texas;
ACRE TRACT. BEGINNING at a point in the northern margin of Old Hickory Boulevard, said point being 40 feet at right angles from the centerline of Old Hickory Boulevard, said point also being in a southwesterly direction following the northern margin of Old Hickory Boulevard a distance of 415.57 feet from the southwest corner of the Town and Country Realtors tract and the southeast corner of the Hamilton Hills Shopping Xxxxxx tract; runs thence in a southwesterly direction following the curve to the right of the northern margin of Old Hickory Boulevard, having a radius of 532.96 feet a distance of 122.91 feet (south 54 degrees 46 minutes west 122.64 feet chord) to a point; runs thence north 4 degrees east a distance of 301.90 feet to a point; runs thence south 86 degrees east a distance of 95 feet to a point; runs thence south 4 degrees west a distance of 224.34 feet to a point in the northern margin of Old Hickory Boulevard and the point of beginning, containing 25,285.97 square feet (0.58 of an acre) and surveyed by McALEXANDER ENGINEERING xx Xxxxxxx 18, 1985.
ACRE TRACT. Tract I, Being 3.00 Acres of Land out of a 4.12 Acre Tract (Cameron County Deed Records Volume 1059, Page 295), out of a 15 Acre Tract as described in deed to X. X. Xxxxxxx dated July 23, 1926, Recorded in Volume 151, page 167-169, and depicted as a X. Xxxx Tract in Plat of Media xxxx Subdivision (Cameron County, Map Records Volume 1, Page 17), in the City of Brownsville, Cameron County, Texas. Tract II, Reserve “X” Xxxxx 0, Xxxxxxxxxx Xxxxxxx Subdivision Section 1. A subdivision in the City of Brownsville Cameron County, Texas, according to the Map of said subdivision recorded in Map Cabinet 1, Page 1375-B of the Map Records of Cameron County, Texas, and said 5.36 acre tract being more particularly located and described as follows: From a surveyor’s tack in lead marking the Northernmost corner of Reserve “A” of the Windshield America Subdivision, Section I, recorded in Cabinet I, Slot 1375-B of the Map Records of Cameron County, Texas; Thence, South 25°37’00” East, along the North Line of Reserve “A” and Lot 1 of the Windshield America Subdivision, Section I, same being the South Right-of-way line of U.S. 77 & 83 Expressway (300 Ft. R.O.W.), a distance of 228.48 ft. to the Northwesternmost corner of Reserve “B”, Tract II for the PLACE OF BEGINNING of this tract marked by a found 1/2” iron rod; Thence, continuing South 25°37”00” East on said North line of Reserve “B” and South Right-of-Way of U.S. 77 & 83 Expressway Right-of-way at 220.93 ft. the Easternmost corner of Reserve “B” (Tract II) and Northernmost corner of Tract I, a total distance of 581.1 for the Easternmost corner of Tract I, and Southeasternmost corner of this tract, marked by a found 1/2” iron rod; Thence, South 48°55’01” West along the south line of Tract I, a distance of 393.79 ft. to the East Right-of-way line of Xxx Xxxxxxx 00 for the Southwesternmost corner of this tract marked by a found 1/2” iron rod; Thence North 21°05’00” West (Deed N20’-34-00”W), a distance of 364.98 ft. along the East R.O.W. line of Xxx Xxxxxxx 00 for a corner marked by a 1/2” iron rod; Thence, North 48°14’19” East, continuing along the R.O.W. line of Old Highway 77, a distance of 5.94 for a corner marked by a concrete monument found; Thence, North 21°05’00” West, along the West line of Reserve “B” same being the East Right-of-Way of Old Highway 77, a distance of 449.92 ft. for the Westernmost corner of this tract marked by a found 1/2” iron rod; Thence, North 64°23’00” East, a distance of 99.74 along the common ...
ACRE TRACT. BEING MORE PARTICULARLY DESCRIBED BY XXXXX AND BOUNDS AS FOLLOWS: BEGINNING AT A 1/2” CAPPED IRON ROD STAMPED “TRANSGLOBAL SERVICES” SET FOR THE SOUTHEAST CORNER OF SAID 43.41 ACRE TRACT, FROM SAID CORNER A 1/2” CAPPED IRON ROD FOUND FOR THE SOUTHEAST CORNER OF SAID SECTION 229 BEARS S 07°25’59”W, A DISTANCE OF 2395.13 FEET (TIE). SAID SET 1/2” CAPPED IRON ROD STAMPED “TRANSGLOBAL SERVICES” BEING CALLED THE POINT OF BEGINNING AND HAVING A TEXAS COORDINATE SYSTEM OF 1983, CENTRAL ZONE (4203), STATE PLANE COORDINATE OF N: 10528546.63, E: 1326591.79 FEET, FOR REFERENCE. THENCE N 59°29’33” W, A DISTANCE OF 567.34 FEET TO A 1/2” CAPPED IRON ROD STAMPED “TRANSGLOBAL SERVICES” SET FOR THE SOUTHWEST CORNER OF SAID 43.41 ACRE TRACT FROM WHICH A FOUND 1” IRON ROD BEARS S 42°42’20” W, A DISTANCE OF 1840.32 FEET (TIE); THENCE N 42°42’20” E, A DISTANCE OF 3483.15 FEET TO A 1/2” CAPPED IRON ROD STAMPED “TRANSGLOBAL SERVICES” SET FOR THE NORTHWEST CORNER OF SAID 43.41 ACRE TRACT, FROM WHICH A FOUND 60D NAIL BEARS S 30°18’49” E, A DISTANCE OF 70.14 FEET (TIE); THENCE S 47°19’55” E, A DISTANCE OF 550.09 FEET TO A 1/2” CAPPED IRON ROD STAMPED “TRANSGLOBAL SERVICES” SET FOR THE NORTHEAST CORNER OF SAID 43.41 ACRE TRACT, FROM WHICH A MONUMENT FOUND FOR THE NORTHEAST CORNER OF SAID SECTION 229 BEARS S 47°19’55” E, A DISTANCE OF 1443.13 FEET (TIE); THENCE S 42°37’48” W, A DISTANCE OF 3363.64 FEET TO THE POINT OF BEGINNING, CONTAINING 43.41 ACRES OR 1,890,906 SQUARE FEET OF LAND, MORE OR LESS.
ACRE TRACT. The entire 2.22-acre parcel is legally described as follows:
ACRE TRACT. The State specifically reserves the right to continue to own, use, maintain and control the highway right-of-way for highway purposes over and across the 0.43 Acre Tract pursuant to the State Easement. Said highway purposes include, amongst others, the power to collocate utilities within the State Easement. In connection with this subordination, the State agrees that before it materially alters, modifies, relocates, repairs, changes or removes any of its existing facilities in the 0.43 Acre Tract, or constructs or installs any additional facilities in such tract, it will notify Xxxxxxx of such impending work and arrange a procedure reasonably acceptable to Xxxxxxx which will adequately preserve the flood protection capabilities of the Facilities operated by Xxxxxxx within the 0.43
ACRE TRACT. The aforesaid sentence will not, however, operate to prevent or impede the immediate repair of the State’s highway facilities in the 0.43 Acre Tract, without notice to Xxxxxxx, if such repair is required as a result of accident, catastrophe, or other emergency, or in order to protect life and property. The State agrees to perform such work quickly, with due regard to the possibility of an impending or hurricane or flood, and in a workmanlike manner, and to restore the highway facilities to substantially the condition as existed prior to such work.
