Common use of Subdivision Compliance Clause in Contracts

Subdivision Compliance. The Land has been subdivided from all other property in compliance with applicable laws. No subdivision or other approval is necessary with respect to the Premises in order for Mortgagor to mortgage, convey, or otherwise deal with the Premises as a separate lot or parcel.

Appears in 2 contracts

Samples: Security Agreement (Isle of Capri Casinos Inc), Credit Agreement (Isle of Capri Casinos Inc)

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Subdivision Compliance. The Land has been subdivided from all other property in compliance with applicable laws. No subdivision or other approval is necessary with respect to the Premises in order for Mortgagor Grantor to mortgage, convey, convey or otherwise deal with the Premises as a separate lot or parcel.

Appears in 2 contracts

Samples: Deed of Trust, Security Agreement (Teletech Holdings Inc), Teletech Holdings Inc

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