Common use of Moratoria Clause in Contracts

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.

Appears in 4 contracts

Samples: Agreement and Plan of Reorganization (Schuler James K), Agreement and Plan of Reorganization (Schuler James K), Agreement and Plan of Reorganization (Schuler Homes Inc)

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