Future Development/Current Lease Sample Clauses

Future Development/Current Lease. On behalf of itself, and its various departments, including specifically the Lyon County Utility Department, Xxxxx understands and acknowledges Seller has aspiration to develop Seller’s adjacent real property, identified by Seller as the Aspen Creek Ranch, less the portion thereof denoted herein as the Property. As of the execution hereof, Xxxxx has no present intention for Buyer’s acquisition and development of the Property to form a basis for Buyer, and specifically Lyon County Utilities, to oppose Seller’s potential future development of the remainder of Seller’s real property. Seller acknowledges, however, that any development of its remaining real property will be subject to the full planning and review process of Buyer, Lyon County Code and Nevada Revised Statutes. This Article shall survive Closing.
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Related to Future Development/Current Lease

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