Effect of Subdivision Sample Clauses

Effect of Subdivision. If the Property is subdivided:
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Effect of Subdivision. Reclassification,
Effect of Subdivision. Owner may from time to time subdivide all or any portion of the Property into separate legal parcels (each, a "Separate Parcel"). At any and each time as Owner effectuates any such subdivision of the Property, this Agreement shall automatically terminate, and Owner and AtHome shall execute separate agreements for each Separate Parcel (each, a "Replacement Agreement"). Each Replacement Agreement shall encumber only one of the Separate Parcels, and shall be in the same form as this Agreement. If AtHome fails or refuses to execute any such Replacement Agreement upon Owner's request, then Owner shall have the right to obtain specific performance of AtHome's obligation to execute such Replacement Agreement. In addition, AtHome hereby irrevocably constitutes and appoints Owner as its true and lawful attorney in fact, in its name and in its behalf, to make, execute, acknowledge, deliver, and file any and all such Replacement Agreements that AtHome so fails or refuses to execute. AtHome expressly understands and acknowledges that the foregoing special power of attorney is coupled with an interest, is irrevocable, and shall survive the dissolution or insolvency of AtHome, or the transfer by AtHome of the whole or any portion of its interest in this Agreement (provided that any such transfer shall be subject to the restrictions set forth above in this Agreement).
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