Community Park Parcel Right of Purchase Sample Clauses

Community Park Parcel Right of Purchase. The Tentative Map identifies a “Community Park Parcel” which is also identified as Parcel 18 on Exhibit B-1. City shall have the right to purchase the Community Park Parcel on an As-Is (other than Developer’s obligations in Section 5.G) basis for a period of 25-years after the Effective Date (the “Purchase Right Period”). Upon expiration of the Purchase Right Period, City shall have no right or interest in the Community Park Parcel and shall consider any applications related to the development of the Community Park Parcel in good faith. The documents related to the conveyance of the Community Park Parcel to the City shall limit the City’s use of the Community Park Parcel to park and ancillary uses. The purchase price of the Community Park Parcel shall be its fair market value at the time of conveyance as determined in accordance with the procedures set forth in this Section 5.J(2) unless other procedures are agreed to in writing.
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Related to Community Park Parcel Right of Purchase

  • Right of Way and Real Property The party named in Article 1, Responsible Parties, under AGREEMENT is responsible for the provision and acquisition of any needed right of way or real property. The Local Government shall be responsible for the following:

  • Parcelle no 29 : Lot 26-152 Ptie Une partie de la subdivision CENT CINQUANTE-DEUX du lot originaire VINGT-SIX (26-152 Ptie), bornée vers le nord par le lot 26-151, vers l'est par le lot 26-163 ptie, vers le sud par le lot 26-153 ptie, vers le sud-ouest par le lot 26-717 et vers l'ouest par le lot 26-150 ptie et mesure trente mètres et quarante-huit centièmes (30,48 m) vers le nord, quinze mètres et vingt-quatre centièmes (15,24 m) vers l'est, vingt-huit mètres et quatre-vingt-quinze centièmes (28,95 m) vers le sud, deux mètres et vingt-quatre centièmes (2,24 m) vers le sud-ouest et treize mètres et soixante centièmes (13,60 m) vers l'ouest; contenant une superficie de quatre cent soixante-trois mètres carrés et trois dixièmes (463,3 m2).

  • Conservation Easement School shall abide by the terms of the Easement, attached as Exhibit “D” and granted by the District to Authority. The Easement shall be recorded against the Subject Property by the Authority, at the Authority’s sole cost and expense. This Easement may be executed and recorded without further approval of the Parties’ governing bodies, except that approval is required to authorize the execution of this Agreement.

  • RIGHT OF ALLOTTEE TO USE COMMON AREAS AND FACILITIES SUBJECT TO PAYMENT OF TOTAL MAINTENANCE CHARGES The Allottee hereby agrees to purchase the [Apartment/Plot] on the specific understanding that is/her right to the use of Common Areas shall be subject to timely payment of total maintenance charges, as determined and thereafter billed by the maintenance agency appointed or the association of allottees (or the maintenance agency appointed by it) and performance by the Allottee of all his/her obligations in respect of the terms and conditions specified by the maintenance agency or the association of allottees from time to time.

  • Ingress and Egress Seller represents that there is ingress and egress to the Real Property and title to 400 the Real Property is insurable in accordance with STANDARD A without exception for lack of legal right of access.

  • Caisson Rock Caisson Rock is defined as material that must be removed from a shaft which cannot be penetrated faster than two feet per hour (fifteen minute minimum) using a rock auger with bullet-shaped hardened steel teeth (Kennametal bits or equivalent), and the drilling equipment should have the capacity to produce a continuous torque of at least 1,000,000 inch pounds and a downward force of at least 50,000 pounds (a Xxxxxx LLDH in good working condition) for piers up to seventy two inches in diameter. Use of equipment with greater torque or downward force modifies the definition of refusal to be the point at which the equipment cannot penetrate faster than two feet per hour (fifteen minute minimum). In rare cases, refusal may occur on a rock seam or boulder above the general massive rock surface. The compensation for Caisson Rock should include only material that cannot be penetrated by the rock auger at the specified rate.

  • Where the Academy Trust acquires assets for a nil consideration or at an under value it shall be treated for the purpose of this Agreement as having incurred expenditure equal to the market value of those assets at the time that they were acquired. This provision shall not apply to assets transferred to the Academy Trust at nil or nominal consideration and which were previously used for the purposes of an Academy and/or were transferred from an LA, the value of which assets shall be disregarded.

  • Utility Easements 2.1 Some properties may at the discretion of the Developer be subject to easements in favour of suppliers of water, power, gas, telephone, internet and wastewater utilities and services, including SaskPower for location of a transformer and SaskTel. The Property Owner acknowledges that the location of any transformer and which lots will be affected by any such easements, will not be known until such utility and service providers complete their design work and the Developer has negotiated the terms and conditions thereof. The Property Owner further specifically acknowledges and agrees that the Property may be subject to any such easement, and that the same shall not affect or result in a decrease or abatement of the purchase price of the Property.

  • Water Rights Water rights and/or water shares used in connection with the Property;

  • POSSESSION OF THE APARTMENT/PLOT 7.1 Schedule for possession of the said [Apartment/Plot] - The Promoter agrees and understands that timely delivery of possession of the [Apartment/Plot] to the allottee and the common areas to the association of allottees or the competent authority, as the case may be, is the essence of the Agreement. The Promoter assures to hand over possession of the [Apartment/Plot] along with ready and complete common areas with all specifications, amenities and facilities of the project in place on , unless there is delay or failure due to war, flood, drought, fire, cyclone, earthquake or any other calamity caused by nature affecting the regular development of the real estate project (“Force Majeure”). If, however, the completion of the Project is delayed due to the Force Majeure conditions then the Allottee agrees that the Promoter shall be entitled to the extension of time for delivery of possession of the [Apartment/Plot], provided that such Force Majeure conditions are not of a nature which make it impossible for the contract to be implemented. The Allottee agrees and confirms that, in the event it becomes impossible for the Promoter to implement the project due to Force Majeure conditions, then this allotment shall stand terminated and the Promoter shall refund to the Allottee the entire amount received by the Promoter from the allotment within 60 days from that date. The promoter shall intimate the allottee about such termination at least thirty days prior to such termination. After refund of the money paid by the Allottee, the Allottee agrees that he/ she shall not have any rights, claims etc. against the Promoter and that the Promoter shall be released and discharged from all its obligations and liabilities under this Agreement.

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