Subdivision of Land. Owner shall otherwise conform to all requirements regarding the subdivision of land enacted by the City of Xxxxxxxxx, as set forth in Chapter 34 of the City of Xxxxxxxxx Municipal Code, as may be amended from time to time. The provision of remedies in this Agreement shall be in addition to those otherwise provided by law to the City for other violations of the City of Xxxxxxxxx Municipal Code.
Subdivision of Land. If this sale constitutes or requires a subdivision or requires a subdivision of land owned by Seller, Seller shall pay all subdivision expenses and obtain all necessary governmental approvals. Seller warrants that the legal description of the real property to be conveyed has been or will be approved for recording as of the date of closing.
Subdivision of Land. 12.1 The borrower will not apply for a subdivision of the land without the prior written consent of the lender.
12.2 If the land is subdivided at any time during the term of this mortgage:
(a) this mortgage will charge each subdivided lot as security for payment of all the mortgage money, and
(b) the lender is not required to discharge this mortgage as a charge on any of the subdivided lots unless the entire the mortgage money is paid.
12.3 Even though the lender is not required to discharge any subdivided lot from this mortgage, the lender may, at its sole discretion, agree to do so in return for payment of all or part of the mortgage money and in addition, any penalties charged by the lender. If the lender discharges a subdivided lot, this mortgage will continue to charge the subdivided lot or lots that have not been discharged.
12.4 The borrower is responsible for compliance with the Municipal Government Act for any partial discharge.
Subdivision of Land. (a) This special condition only applies if, as at the Contract Date, the Property is not a separate “lot” as defined in the Planning and Development Act. This special condition does not affect or restrict the operation of any other special condition.
(b) The Buyer acknowledges that, as at the Contract Date, the Planning Commission has granted approval to the subdivision of the Property from the Original Land on conditions which are acceptable to the Seller and, save for General Condition 13.3(a)(2) and 13.7(c), General Condition 13 does not apply to this Contract.
(c) General Condition 13.3(a)(2) is amended by deleting the words “3 months” and replacing them with the words “24 months”.
(d) If the Plan of Subdivision is not In Order for Dealing within the time specified in General Condition 13.3(a)(2) (as varied by this Contract) then the Buyer may, by written notice to the Seller, at any time before the Plan of Subdivision is In Order for Dealing but not after that time, terminate this Contract; and
(i) the Seller shall return the Deposit to the Buyer; and
(ii) no Party will have any claim or right of action against the other arising from the termination (at law or in equity), except in respect to any matter which arose before the termination.
Subdivision of Land. Notwithstanding the restriction on the use of the Land described in Section 4 of the Ground Lease, both College and Holdings shall diligently pursue the development of the Land to include Building B in accordance with the terms of this Agreement. In addition to the Minimum Terms described below, prior to implementation of any Building B development and construction, the parties hereto acknowledge that the Land needs to be subdivided into two or more separate tax parcels and two or more legal lots to accommodate such development and a separate and independent ground lease (the "Building B Ground Lease") for the portion of the Land that will be attributable to Building B (the "Building B Land") shall be executed between College and a to-be-created entity that is controlled by, controls or is under common control with Holdings and MF-1 (the "Building B Lessee"). Among other things, the Building B Ground Lease shall include mutually agreeable terms that address:
(a) acceptable allocation of shared parking with Building A, which at a minimum shall comply with the State Requirements for Educational Facilities as approved by the Florida State Board of Education at the time of Building B Ground Lease execution;
(b) maintenance and operating expense obligations for shared common areas and shared access by and between Building A and Building B; and
(c) the Building B Ground Lease will not be cross-defaulted with the Ground Lease or the Building A Lease.
Subdivision of Land. 12.1 If the land is subdivided at any time during the term of this mortgage:
(a) this mortgage will charge each subdivided lot as security for payment of all the mortgage money, and
(b) the lender is not required to discharge this mortgage as a charge on any of the subdivided lots unless and the entire the mortgage money is paid.
12.2 Even though the lender is not required to discharge any subdivided lot from this mortgage, the lender may, at its sole discretion, agree to do so in return for payment of all or part of the mortgage money and in addition, any penalties charged by the lender. If the lender discharges a subdivided lot, this mortgage will continue to charge the subdivided lot or lots that have not been discharged.
Subdivision of Land in the event any land comprised in the Charged Assets is subdivided and the subdivided titles are issued without the Bank’s interest as chargee appearing, the Borrower shall within two (2) Business Days of their receipt of such subdivided titles, deposit or cause to be deposited the same with the Bank or its solicitors and shall, at the costs and expense of the Borrower, execute/cause to be executed duly registrable land charges in respect of such subdivided titles under the Land Acts so as to register the Bank’s security interest as such;
Subdivision of Land. This sale does not constitute a subdivision of land owned by Seller.
Subdivision of Land. The OWNER shall otherwise conform to all requirements regarding the subdivision of land enacted by the City of Xxxxxxxxx, as set forth in Chapter 34 of the City of Xxxxxxxxx Municipal Code, as may be amended from time to time. The provision of remedies in this Agreement shall be in addition to those otherwise provided by law to the CITY for other violations of the City of Xxxxxxxxx Municipal Code.
Subdivision of Land. 26 11.3 Transfer of Xxxx Township Land...................................................26 11.4
