Permitted Subdivision Sample Clauses
Permitted Subdivision. The Developer agrees that the Parent Parcel shall not be subdivided except by the deposit of a subdivision plan to create the Project Lands as a separate parcel consisting of approximately 5 acres. The Project Lands shall not thereafter be subdivided except for the purpose of developing the Affordable Housing Units and not for any other purpose.
Permitted Subdivision. In addition to subdivision provisions 9.1.1 and 9.1.2 the Property may also be Subdivided to create as many as four (4) separate parcels: (a) up to three (3) subdivided parcels, to include one or more Estate Houses within such subdivided parcel; and (b) one subdivided parcel including the remainder of the Property.