Parcel Maps Sample Clauses

Parcel Maps. Buyer shall have obtained the approval of the applicable Authorities of all parcel maps ("Parcel Maps" and each "Parcel Map") required by Buyer to divide the Property into legal Parcels for the Closings contemplated hereunder and all such Parcel Maps shall have been recorded in the Official Records. If this Agreement is terminated prior to the Buyer's acquisition of the Property due to a default by Seller or because any of the Conditions to Closing set forth in Section 3.5 ("Closing Conditions") is not satisfied, or waived in writing by Buyer, Escrow Holder shall return to Buyer the Deposit and interest earned thereon while in Escrow, and any other funds deposited by Buyer into Escrow and then held by Escrow Holder, and thereafter neither party shall have any further obligation hereunder, except for those indemnity obligations which survive the termination hereunder. Notwithstanding the foregoing, if such failure of a Condition or Conditions to Closing is the result of a breach or default by Seller under this Agreement, Buyer shall have the rights and remedies available to Buyer as provided in Section 2.6.2.
Sample 1
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Parcel Maps. Legal Parcels for the Manchester Project and the Orangewood Project, as Applicable. The parties acknowledge and agree that the conveyance contemplated hereunder is exempt from the Subdivision Map Act by Government Code Section 66428(a)(2). As a Condition Precedent to Authority’s obligation to make the Authority Subordinate Loans and enter into the Ground Leases, Authority shall have obtained approval of a parcel map or parcel maps and/or lot line adjustments, as applicable, for the Site, such that each and both the Manchester Site and the Orangewood Site are subdivided into legal, air rights parcels for the Manchester Project and the Orangewood Project under the Subdivision Map Act, Government Code Section 66410, et seq., and other applicable state and local laws and regulations and/or other legal subdivision method(s) approved by the City and the parties hereto (collectively, the “Parcel Map”). The Parcel Map shall be in a form approved by the City and County and in a form reasonably acceptable to Authority Executive Director and consistent with the approved Basic Concept Drawings and Design Development Drawings for the applicable Project. Prior to Closing, each Developer and Authority shall each reasonably approve the Parcel Map and, if applicable and deemed appropriate by City and the parties, an REA to be entered into among Manchester Developer, Orangewood Developer, and Authority as may be required to provide for the reciprocal and/or joint use and enjoyment between the tenants, guests, and property management staff of the Manchester Project and the Orangewood Project of all parking areas, ingress/egress, all tenant common areas, and any other facilities developed at the Site pursuant to this Agreement, the Scope of Development, the land use entitlement for the Projects, the City Covenants, and the Development Plans approved by Authority.
Sample 1
Parcel Maps 
Sample 1

Related to Parcel Maps

  • Tax Parcels Each Mortgaged Property constitutes one or more complete separate tax lots or is subject to an endorsement under the related Title Policy insuring same, or in certain instances an application has been made to the applicable governing authority for creation of separate tax lots, which shall be effective for the next tax year.

  • The Property The Landlord agrees to lease the described property below to the Tenant: (enter the property information)

  • Building and Improvements Lessor shall obtain and keep in force during the term of this Lease a policy or policies in the name of Lessor, with loss payable to Lessor and to any Lender(s), insuring against loss or damage to the Premises. Such insurance shall be for full replacement cost, as the same shall exist from time to time, or the amount required by any Lender(s), but in no event more than the commercially reasonable and available insurable value thereof if, by reason of the unique nature or age of the improvements involved, such latter amount is less than full replacement cost. Lessee-Owned Alterations and Utility Installations, Trade Fixtures and Lessee's personal property shall be insured by Lessee pursuant to Paragraph 8.4. If the coverage is available and commercially appropriate, Lessor's policy or policies shall insure against all risks of direct physical loss or damage (except the perils of flood and/or earthquake unless required by a Lender), including coverage for any additional costs resulting from debris removal and reasonable amounts of coverage for the enforcement of any ordinance or law regulating the reconstruction or replacement of any undamaged sections of the Building required to be demolished or removed by reason of the enforcement of any building, zoning, safety or land use laws as the result of a covered loss, but not including plate glass insurance. Said policy or policies shall also contain an agreed valuation provision in lieu of any co-insurance clause, waiver of subrogation, and inflation guard protection causing an increase in the annual property insurance coverage amount by a factor of not less than the adjusted U.S. Department of Labor Consumer Price Index for All Urban Consumers for the city nearest to where the Premises are located.

  • Real Property (a) Neither the Company nor any of its Subsidiaries owns any real property.

  • Leased Properties Section 3.22 of the Disclosure Schedule sets forth a list of all of the leases and subleases ("Leases") and each leased and subleased parcel of real property in which the Company has a leasehold or subleasehold interest or to which the Company is a party either as landlord or sublandlord (the "Leased Real Property"). Each of the Leases are in full force and effect, and the Company holds a valid and existing leasehold or subleasehold interest or Landlord or Sublandlord interest as applicable, under each of the Leases described in Section 3.22 of the Disclosure Schedule. The Company has delivered to HK true, correct, complete and accurate copies of each of the Leases. With respect to each Lease set forth on Section 3.22 of the Disclosure Schedule: (i) the Lease is legal, valid, binding, enforceable and in full force and effect; (ii) to the Knowledge of the Company the Lease will continue to be legal, valid, binding, enforceable and in full force and effect on identical terms following the Closing; (iii) neither the Company, nor, to the Knowledge of the Company, any other party to the Lease, is in breach or default, and no event has occurred which, with notice or lapse of time, would constitute such a breach or default by the Company or permit termination, modification or acceleration under the Lease by any other party thereto; (iv) the Company has not, and, to the Knowledge of the Company, no third party has repudiated any provision of the Lease; (v) there are no disputes, oral agreements, or forbearance programs in effect as to the Lease; (vi) the Lease has not been modified in any respect, except to the extent that such modifications are disclosed by the documents delivered to HK; (vii) the Company has not assigned, transferred, conveyed, mortgaged, deeded in trust or encumbered any interest in the Lease (except for Permitted Liens); and (viii) the Lease is fully assignable to HK without the necessity of any consent or the Company shall obtain all necessary consents prior to the Closing.

  • Premises Building Project and Common Areas 1.1 Premises, Building, Project and Common Areas.

  • Land The real property described in Exhibit A attached hereto and made a part hereof (the “Land”);

  • Real Property; Fixtures Each Grantor covenants and agrees that upon the acquisition of any fee interest in Real Property having a fair market value in excess of $1,000,000 it will promptly (and in any event within two (2) Business Days of acquisition) notify Agent of the acquisition of such Real Property and will grant to Agent, for the benefit of the Lender Group and the Bank Product Providers, a first priority Mortgage on each fee interest in Real Property now or hereafter owned by such Grantor and shall deliver such other documentation and opinions, in form and substance satisfactory to Agent, in connection with the grant of such Mortgage as Agent shall request in its Permitted Discretion, including title insurance policies, financing statements, fixture filings and environmental audits and such Grantor shall pay all recording costs, intangible taxes and other fees and costs (including reasonable attorneys fees and expenses) incurred in connection therewith. Each Grantor acknowledges and agrees that, to the extent permitted by applicable law, all of the Collateral shall remain personal property regardless of the manner of its attachment or affixation to real property;

  • The Properties 3.1 All of the Properties are in England, Wales or Scotland.

  • Real Property Matters The Company does not own any real property as of the date hereof and has not owned any real property during the three years preceding the date hereof.

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