Moratoria. There is no moratorium applicable to any of the Real --------- Property on (i) the issuance of building permits for the construction of houses, or certificates of occupancy therefor or (ii) the purchase of sewer or water taps.
Moratoria. Except as set forth on WP Disclosure Schedule Section 4.8(d), to the knowledge of the WP Partners and the WP Entities, there is no moratorium applicable to any of the WP Owned Real Property to the extent any of the WP Entities plans further development thereof on (A) the issuance of building permits for the construction of houses, or certificates of occupancy therefor, or (B) the purchase or issuance of sewer or water taps or permits, to the extent any of the WP Entities plans or is required to rely on public water or sewer facilities.
Moratoria. Except as set forth on Xxxxxxx Disclosure Schedule Section 5.8(d), to the knowledge of the Xxxxxxx Entities, there is no moratorium applicable to any of the Xxxxxxx Owned Real Property to the extent any of the Xxxxxxx Entities plans further development thereof on (A) the issuance of building permits for the construction of houses, or certificates of occupancy therefor, or (B) the purchase or issuance of sewer or water taps or permits, to the extent any of the Xxxxxxx Entities plans or is required to rely on public water or sewer facilities.
Moratoria. If, at the time of closing, there are sewer, water, building or other moratoria in effect which would interfere with the immediate construction and occupancy of the Intended Improvements, then Buyer, at its sole option, may: (i) close the transaction without regard to the moratoria; or (ii) extend the closing for up to ninety (90) days (without placing any additional deposits). If at the end of the 90-day period the moratorium has not been removed, Buyer may elect to terminate the Agreement and obtain a refund of the Deposit, whereupon the parties shall be relieved from all further liabilities and obligations hereunder. If the moratorium is lifted within the 90 day extension period, then the closing shall take place within 15 days after the date that the moratorium is lifted.
Moratoria. In the event an ordinance, resolution, or other measure is enacted, whether by action of the City, the qualified voters, by initiative, or otherwise, which relates to the rate, amount, timing, sequencing, or phasing purportedly applying to the Development of the Project on all or any part of the Property or the implementation or construction of the Project, City agrees that, unless required by applicable state law, such ordinance, resolution, or other measure shall not apply to the Project, Property or this Agreement, unless such changes are adopted pursuant to the City’s exercise of its Reserved Powers.
Moratoria. To the Sellers' Knowledge, there is no moratorium applicable to any of the Developed Real Property or Undeveloped Real Property, to the extent the Company plans further development thereof, on (i) the issuance of building permits for the construction of houses, or certificates of occupancy therefor, or (ii) the purchase of sewer or water taps, to the extent the Company plans or is required to rely on public water or sewer facilities.
Moratoria. If at the time of Closing, there is a water, sewer, building or other moratoria in effect with respect to the Property which would interfere with the immediate construction of the Contemplated Improvements, then at Purchaser's option (by written notice to Seller), the Closing Date may be extended to the earlier of: (i) twenty (20) days from the date the moratoria is lifted; or (ii) six (6) months from the scheduled Closing.
Moratoria. To the Seller's knowledge, except as set forth with specificity on the Seller's Disclosure Schedule, there is no moratorium currently in place that is applicable to or affects any of the Real Property as to (a)the issuance of building permits for the construction of homes or certificates of occupancy therefor, or (b)the purchase of sewer or water taps.
Moratoria. There are no moratoria, initiatives, referenda or similar governmental or quasi-governmental enactments or policies existing, pending, threatened or contemplated, which would prohibit, hinder or render more expensive the development and use of the Business Property as contemplated by the Company.
Moratoria. In the event that any utility or development moratoria are enacted, proposed or passed so as to prohibit development then all time periods contained in this Agreement shall be tolled and suspended until such time as the moratoria are lifted and development is permitted to proceed.
