Caveat to prevent sale of Dedication Land Sample Clauses

Caveat to prevent sale of Dedication Land. 3.5.1 Without limiting any other provision of this Agreement, the Landowners agree that Council may, at any time after the issue of a Construction Certificate that authorises any construction above ground level on a lot containing the relevant Dedication Land, lodge a caveat over that lot precluding any sale of the relevant Dedication Land. 3.5.2 If the Council lodges a caveat in accordance with clause 3.5.1, then the Council must immediately do all things reasonably required to ensure that the caveat does not prevent or delay the registration of: (a) this Agreement; (b) any plan of consolidation or subdivision contemplated, required or permitted under this Agreement or any Development Consent; or (c) any other dealing, required or permitted under this Agreement or any Development Consent. 3.5.3 Council must act promptly and reasonably in discharging or releasing any caveat over the Land in order to allow for a subdivision of the Land to create a separate legal title for the Dedication Land. 3.5.4 Council must promptly do all things reasonably required to remove the caveat from the title(s) of the balance of the Land once a separate legal title is created for the Dedication Land. 3.5.5 The Landowner is not to create any mortgage or charge over the Dedication Land or grant any other interest in the Dedication Land without the prior written consent of the Council which will not be unreasonably withheld.
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Related to Caveat to prevent sale of Dedication Land

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  • Notice to Proceed - Land Acquisition The acquisition of the Land shall not occur until the Director has issued a written Notice to Proceed for land acquisition to the Recipient (the "Notice to Proceed"). Such Notice to Proceed will not be issued until the Director has received a Request to Proceed acceptable to the Director and is assured that the Recipient has complied with all requirements for the approval of a grant under Revised Code Sections 164.20 through 164.27 and any requirements for land acquisition set forth in this Agreement, including without limitation the OPWC's approval of the proposed Deed Restrictions and Title Agent. The Notice to Proceed also shall specify the time frame for the Closing.

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  • Operating Agreement The Borrower will not amend, modify, waive or terminate any provision of its operating agreement without the prior written consent of the Administrative Agent.

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