We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Lot Line Adjustment Sample Clauses

Lot Line AdjustmentThe City shall initiate lot line adjustments within the Project Area reasonably sufficient to permit development of the Project. The City acknowledges that approval of such lot line adjustments is a condition that must be satisfied prior to execution of the Land Disposition Agreement.
Lot Line AdjustmentLessee shall reimburse Lessor for all out-of-pocket expenses associated with Lessor perfecting the lot line adjustment to combine the 2.765 acres of Parcel A with Tract A. In the event that Lessor is unable to obtain the required governmental approvals within 60 days from the date hereof, this Amendment will terminate, and each party hereto agrees to release the other from all of the obligations contained herein. It is understood that no improvements shall commence until Lessor advises Lessee that all governing authorities have approved said lot line adjustment.
Lot Line Adjustment. (LLA) a. The Lot Line Adjustment shall be in substantially the same form as the attached Exhibit C. b. Not later than twelve (12) months after execution of this Agreement, the Owner will have completed the LLA process. c. The completed LLA will depict the right-of-way grant intended for the construction of Xxxxx Parkway as determined by the City Engineer and described in Exhibit D. d. Concurrent with or immediately following approval of the LLA, the City shall convey the approximately 48 feet of the City Property described herein by quit claim deed to Owner and the Owner shall accept same, subject to the terms and reservations set forth in Section 2.
Lot Line Adjustment. Before the expiration of the Feasibility Study Period, Buyer shall have the right, at Buyer's sole cost and expense, to obtain all governmental approvals for and arrange for the recording of a lot line adjustment or other document transferring a portion of Lot 29 to the Real Property, as necessary to increase the square footage that can be developed on the Real Property as an administrative/laboratory building to at least 78,000 square feet (calculated in accordance with the Planned Industrial Development ("PID") regulations governing the Real Property) (the "Lot Line Adjustment"). Buyer shall have the right to terminate this Agreement upon written notice to Seller at any time prior to the end of the Feasibility Study Period if Buyer is unable to timely complete the Lot Line Adjustment, otherwise such contingency shall be deemed waived as of the expiration of the Feasibility Study Period.
Lot Line AdjustmentSeller shall have until the Close of ------------------- Escrow to cause a lot line adjustment (the "Lot Line Adjustment") to be recorded in the Official Records of Los Angeles County, which adjustment is necessary in order for the Property to be conveyed to Buyer in accordance with all applicable subdivision laws and regulations.
Lot Line AdjustmentProvided that Seller does not exercise its right to terminate this Agreement pursuant to Section 2.3, then, provided Purchaser is not in default under this Agreement, promptly following the lapse (or earlier express waiver by Seller) of such termination right Seller shall, at the request of Purchaser, apply to City of Xxxxxxx (“COR”) for a boundary line adjustment of the boundary between Lot 4 and Lot 5 of the Real Property and Data Center Property to adjust such boundary to be as set forth in Exhibit L to this Agreement (the “BLA”). Seller shall execute such documents and make such applications as are necessary to obtain approval of the BLA, provided that (i) Purchaser shall provide at its expense such surveys and other technical documents and such personnel and other assistance as may be required to process the BLA application, (ii) Purchaser shall reimburse Seller for its out of pocket expenses incurred in connection with its making application for and obtaining the approval of the BLA within ten (10) business days of Purchaser’s receipt of each invoice therefor. If the BLA is approved by COR, Purchaser shall at its expense, with contractors selected by and retained by Purchaser, reconfigure the parking lot on the Data Center Property as shown on Exhibit L, and shall, during such time as and to the extent that such parking lot is unavailable to the occupants of the Data Center Property by reason of such re-configuration, Purchaser shall provide at its expense (but on the Real Property, at such location as is designated by Seller) alternate parking for all such occupants of the Data Center Property. Seller agrees to execute such permit applications as are required to allow the reconfiguration of the parking lot on the Data Center Property and the provision of such alternate parking, provided that (i) Purchaser shall provide at its expense such plans and other technical documents as may be required by COR to process such permit applications, (ii) Purchaser shall reimburse Seller for its out of pocket expenses incurred in connection with its making application for and obtaining approval of such permits within ten (10) business days of Purchaser’s receipt of each invoice therefor.
Lot Line Adjustment. As a condition of Closing in favor of both Seller and Buyer, Seller shall cause, at Seller’s expense, a lot line adjustment involving the following three parcels: APNs 000-000-000; 000-000-000 and 000-000-000 (the third parcel is not part of the Real Property that is the subject of this Agreement) (the “Lot Line Adjustment”) to be recorded prior to or concurrently with the Closing. Once the Proposed Lot Line Adjustment has been prepared, Seller shall provide a copy of the proposed Lot Line Adjustment to the Title Company, and the Title Company shall promptly provide to Seller and Buyer an updated Lender’s Title Report and Buyer’s Title Report. Buyer shall have ten (10) days following the receipt of the updated Buyer’s Title Report to give Seller and Escrow Holder written notice (“Updated Buyer’s Title Notice”) of Xxxxx’s disapproval or conditional approval of any matters shown in the Buyer’s Title Report, and all of the provisions of Section 8(a)(ii) shall apply to the updated Buyer’s Title Report and the Updated Buyer’s Title Notice.
Lot Line AdjustmentLessor and Lessee acknowledge that the improvements being constructed on the Purchased Property encroach upon the Premises. Lessor and Lessee agree that the single-shaded area shown on Exhibit D Detail on EXHIBIT "A" containing 0.773 acres, more or less, and the triangular single-shaded area shown on Exhibit B Detail on EXHIBIT "A" containing 0.342 acres, more or less, are to be conveyed to Lessee, or its designee, at the closing of the Purchased Property and shall thereafter be removed from the definition of the Premises.
Lot Line AdjustmentThe parties understand that the Seller must receive approval from the County of Yolo to sever a portion of the Premises from an existing parcel and to adjust the lot lines of an existing parcel before the Premises may be conveyed to the Buyer as contemplated under this Contract. The Seller will use all commercially reasonable efforts to obtain such consent prior to the date the Close of Escrow is to take place. If those approvals are not obtained by that date, Buyer shall have the option exercisable by written notice within ten (10) days thereafter, to either (i) extend the date for the Close of Escrow an additional forty five (45) days, or (ii) terminate this Contract without liability to either party, in which case the Deposit(s) held by the Escrow Holder shall be returned to the Buyer with interest, less documented expenses of Escrow Agent. In the event that Buyer elects to extend the date for the Close of Escrow as provided herein, and the adjustments to be completed by Seller are still not completed following the expiration of such forty five (45) day period, Buyer shall have an additional option exercisable by written notice within ten (10) days after the expiration of the previously extended date for the Close of Escrow, to either (i) extend the date for the Close of Escrow an additional forty five (45) days, or (ii) terminate this Contract without liability to either party, in which case the Deposit(s) held by the Escrow Holder shall be returned to the Buyer with interest, less documented expenses of Escrow Agent. In the event that Buyer elects to extend the date for the Close of Escrow an additional time and after the expiration of such time period Seller has still not completed the adjustments, this Contract shall terminate without liability to either party and the Deposit(s) held by the Escrow Holder shall be returned to the Buyer with interest, less documented expenses of Escrow Agent.
Lot Line AdjustmentBuyer and Seller acknowledge that a portion of ------------------- that certain Assessor's Parcel No. 000-00-000 ("Parcel 014"), identified as the "Extraneous Parcel" on Exhibit B attached hereto (the "Extraneous Parcel") is not intended to be included in the Real Property. Accordingly, Buyer shall reconvey to Seller the Extraneous Parcel by means of a lot line adjustment after the Closing. Seller has engaged the Surveyor to survey Parcel 014 and to produce the maps (the "Lot Line Maps") necessary under the California Subdivision Map Act (the "SMA") and other applicable state and municipal laws, codes, ordinances, rules and regulations to obtain a lot line adjustment making the Extraneous Parcel a part of the legal parcel immediately to the northwest of the Extraneous Parcel (the "Adjacent Parcel") which is part of the Retained Property. Buyer shall prepare and file the necessary applications and notices, and pursue the necessary approvals of the City of San Xxxx, in order to complete a lot line adjustment in accordance with the SMA to make the Extraneous Parcel a part of the Adjacent Parcel (the "Lot Line Adjustment"), and Seller shall cooperate in such process and, if necessary or helpful, join in such applications and notices. At the Extraneous Parcel Closing, Seller shall reimburse Buyer for all reasonable costs incurred in the Lot Line Adjustment. Buyer and Seller shall use their diligent efforts to complete the Lot Line Adjustment by the date seventy-five (75) days after the Closing Date. Buyer and Seller acknowledge that no consideration shall be given for the reconveyance of the Extraneous Parcel.