Subdivision Approval. 14.1 Any subdivision approval needed to consummate the transaction contemplated herein shall be obtained by Buyer at Buyer’s sole cost, and expense. Seller shall cooperate with Buyer in obtaining said approval, to the extent necessary or required. Because such approvals may be preempted by federal law, the parties do not anticipate filing for such approvals.
Subdivision Approval. Each subdivision in which any Unit is to be acquired or constructed for which a Unit Request is made must be approved by Lender.
Subdivision Approval. Each Lot proposed to be released shall be shown on a subdivision plat approved by all applicable Governmental Authorities, approved by Lender and recorded among the Land Records.
Subdivision Approval. 6.3.1 If the Premises constitute only a portion of a current tax parcel or legal lot under current zoning laws the Seller shall deliver all necessary documentation to establish the division has or had been approved, if required, in accordance with local and state law. Furthermore, if the Premises constitute only a portion of a current tax parcel, the Seller shall deliver a certificate of apportionment (with memorandum of apportionment prior to closing) from the municipal assessor’s office, establishing the percentage of such tax parcel’s assessed value to be attributed to the Premises. In lieu of a certificate of apportionment, the parties may agree to establish the percentage by other reasonable method.
Subdivision Approval. Seller shall, at its sole cost, obtain any necessary consents and approvals of, and make all necessary filings with, any Governmental Entities or other Person in accordance with, and as required by, any Laws governing the subdivision of Real Property that apply to the sale or lease of any of the Acquired Real Property to Buyer. Notwithstanding the foregoing, in the alternative, Seller may obtain written waivers or exemptions in favor of Seller and Buyer from the Calcasieu Parish Police Jury and the Calcasieu Parish Division of Planning and Development stating that the Laws governing the subdivision of Real Property will not have to be complied with in connection (i) with the sale and lease of the Acquired Real Property contemplated hereby, (ii) any future sale, lease or mortgage thereof (assuming the same configuration of parcels of Acquired Real Property as in effect on the Closing Date), and (iii) further stating that such Laws would not prohibit the present or future issuance of building permits or the provision of utility services by the Parish of Calcasieu with respect to the Acquired Real Property (assuming the same configuration of parcels of Acquired Real Property as in effect on the Closing Date) (such waivers or exemptions to be in form and substance reasonably acceptable to Buyer and Buyer's title insurance company); PROVIDED that the requirement set forth in clause (ii) above shall be deemed satisfied as long as the face of the waivers or exemptions received from the Police Jury and the Division of Planning and Development do not contain anything which would give Buyer a reasonable concern that any such future action referred to in such clause (ii) would not be so approved (or not receive such a
Subdivision Approval. Seller shall have (i) obtained the subdivision consents and approvals and made all related filings contemplated by the first sentence of Section 5.9(b), or (ii) obtained the written waivers or exemptions and other assurances contemplated by the second sentence of Section 5.9(b), or (iii) if Seller shall have been unable to comply with the foregoing clause (i) or (ii), Seller shall have entered into and delivered to Buyer the Triple Net Lease and Seller Mortgage and any modification to this Agreement, required by Section 5.9(b), such Triple Net Lease, Seller Mortgage and modification to this Agreement to be in form and substance reasonably satisfactory to Buyer. (i)
Subdivision Approval. In the event Seller shall have been unable to comply with the provisions of the first or second sentences of Section 5.9(b), Buyer shall have entered into and delivered the Triple Net Lease and any modification to this Agreement required by Section 5.9(b), and Buyer shall have accepted the Seller Mortgage, such Triple Net Lease, Seller Mortgage and modification to this Agreement to be in form and substance reasonably satisfactory to Seller. (e)
Subdivision Approval. During the Inspection Period, Seller shall use -------------------- commercially reasonable efforts to obtain subdivision approval from the Wallingford Planning and Zoning Commission (the "Commission") for creation of the Land as a separate and legal lot in a manner as shall not, in and of itself, preclude the development of the Land by the Purchaser for its intended use (as depicted in the site plan application to be approved by Seller and submitted by Purchaser pursuant to Section 4(n) below) and to permit the conveyance of the Property to Purchaser, to the extent such subdivision approval is required. Seller agrees to obtain the Purchaser's consent and approval (which shall not be unreasonably withheld) of the application and all other materials filed in connection with such approval. Seller shall bear the costs and expenses of seeking such subdivision approval, including, without limitation, engineering, survey and consulting fees. In the event the Seller does not obtain subdivision approval during the Inspection Period, then Seller will so advise Purchaser and Seller will continue to endeavor to obtain the subdivision approval prior to the Closing Date. In the event the Seller has failed to obtain subdivision approval prior to the Closing Date, then Purchaser may either (A) terminate this Agreement by giving notice to Seller or (B) provide to Seller an additional period of time, not to exceed thirty (30) days, within which to obtain the subdivision approval in which event the Closing Date shall be postponed for a corresponding period of time. In the event Seller fails to obtain the subdivision approval within such extended period of time, then Purchaser may either elect to (A) terminate this Agreement or (B) assume the obligation to pursue the subdivision approval at Purchaser's cost and expense. In the event Purchaser elects to pursue subdivision approval, Seller and Purchaser shall enter into an amendment to this Agreement to reflect an extension of the Closing Date to a date which will not exceed sixty (60) days from the date of Purchaser's election to pursue the subdivision approval. In the event Purchaser elects to terminate this Agreement pursuant to the provisions of this Section, then the Deposit shall be returned to the Purchaser and the parties hereto shall have no further rights and obligations hereunder, except for rights and obligations which, by their terms, survive the termination hereof. In the event Purchaser has not obtained necessar...
Subdivision Approval. After the Planned Development Plan is 19 recorded, and prior to any construction, including clearing and land fill, an application for a 20 preliminary plat of the area to be subdivided shall be submitted for review and approval in 21 the manner required by Article 13 of the City of DeLand Land Development Regulations, 22 Ordinance No. 2013-11, as amended.
Subdivision Approval. This offer is contingent upon Buyer Seller obtaining all requisite approvals from any governing body having jurisdiction for subdivision approval of the property. Buyer and Seller agree to make joint application for subdivision approval by and diligently pursue the application. The final approval, upon conditions acceptable to Buyer and Seller, shall be obtained on or before .
