Common use of or 3 Clause in Contracts

or 3. [ALE Option 1 and Grassland Option 1]Separate conveyance of a portion of the [Insert Defined Term for Parcel] or division or subdivision of the [Insert Defined Term for Parcel] is prohibited, except where state or local regulations explicitly require subdivision to construct residences for employees working on the [Insert Defined Term for Parcel]. Grantor shall provide