Plantation Camp Sample Clauses

Plantation Camp. As part of the Redevelopment, Licensor intends to set aside approximately twenty (20) acres of land within the Project for the potential development of the Plantation Camp (the “Set Aside Area”). Licensor may (a) designate the Set Aside Area as a common element of the Project under the management and control of the CPR Association;
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Plantation Camp. As part of the Development, Licensor intends to set aside approximately thirteen (13) acres of land within the Property for the potential development of the Plantation Camp (the “Set Aside Area”). Licensor may (a) designate the Set Aside Area as a common element of the Project under the management and control association of unit owners of the Project (the “CPR Association”) to be established under the CPR Documents; (b) create separate CPR Ag Lots comprising the Set Aside Area and convey the resulting units to the CPR Association for future use and development; or (c) otherwise designate the Set Aside Area for use by the CPR Association for the benefit of the owners of CPR Ag Lots within the Project. Subject to restrictions imposed by HRS Chapter 514B and other applicable laws, the CPR Association, for the benefit of the owners of the Project, will have the right to lease, sell or pursue the development of the Plantation Camp upon the Set Aside Area, all in accordance with terms and conditions to be set forth in the Declaration, and neither Licensor nor any of its affiliates will be entitled to any proceeds from the use or sale of the Set Aside Area, the intent being that the Set Aside Area will be for the benefit of the CPR Association (not the Licensor as developer) regardless of whether the Plantation Camp is ultimately developed. Relatedly, Licensor will not be responsible for the cost and expense for the planning and development of the Plantation Camp or the operation of the Set Aside Area. Licensor makes no representations or warranties with respect to the Plantation Camp, including, without limitation,
Sample 1
Plantation Camp. As part of the Redevelopment, Licensor intends to set aside approximately twenty (20) acres of land within the Project for the potential development of the Plantation Camp (the “Set Aside Area”). Licensor may (a) designate the Set Aside Area as a common element of the Project under the management and control of the CPR Association; (b) create separate CPR units comprising the Set Aside Area and convey the resulting units to the CPR Association for future use and development; or (c) otherwise designate the Set Aside Area for use by the CPR Association for the benefit of the owners of CPR units within the Project. Subject to restrictions imposed by Hawaii Revised Statutes (“HRS”) Chapter 514B and other applicable laws, the CPR Association for the benefit of the owners of the Project will have the right to lease, sell or pursue the development of the Plantation Camp upon the Set Aside Area, all in accordance with terms and conditions to be set forth in the Declaration, and neither Licensor nor any of its affiliates will be entitled to any proceeds from the use or sale of the Set Aside Area, the intent being that the Set Aside Area will be for the benefit of the CPR Association (not the Licensor as developer) regardless of whether the Plantation Camp is ultimately developed. Relatedly, Licensor will not be responsible for the cost and expense for the planning and development of the Plantation Camp or the operation of the Set Aside Area. Licensor makes no representations or warranties with respect to the Plantation Camp, including, without limitation, (i) whether the ultimate development of the Plantation Camp will be approved, permitted or pursued by the CPR Association; (ii) the feasibility of developing the Plantation Camp under current or future laws or conditions applicable to the Project;
Sample 1

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