Subdivision of Property. The Purchaser acknowledges that the Seller may, instead of developing any phase, elect to subdivide that portion of the land on which the phase was to be developed from the land as defined in clause 2.1, take transfer of the subdivided portion and develop the subdivided portion as it may deem fit. In order to enable the developer to give effect to the above, the Purchaser hereby grants to the Seller an irrevocable power of attorney to convene and attend on the Purchaser's behalf any meeting of the Body Corporate at which any resolution relating to the above is on the agenda, and there to vote in favour of any resolution the Seller may deem necessary in order to subdivide and transfer the affected property and provide for any servitudes which may be necessary to permit the proper development of the subdivided property.
Subdivision of Property. If the Property comprises part of a larger parcel of land within Lakeside Success Private Estate and is accordingly not a lot as defined in the Planning and Development Act then this Contract is subject to and conditional upon the approval of the Commission to the subdivision of the lot of which the Property forms part being obtained in order to create the Property as a separate lot in accordance with Section 135 of the Planning and Development Act and this Condition shall apply.
Subdivision of Property. If the Property comprises part of a larger parcel of land within Brookside Waters and is accordingly not a lot as defined in the Planning and Development Act then this Agreement is subject to and conditional upon the approval of the Commission to the subdivision of the lot of which the Property forms part being obtained in order to create the Property as a separate lot in accordance with Section 135 of the Planning and Development Act and this Condition shall apply.
Subdivision of Property. All parcels resulting from an agreed or litigated (including action for partition) subdivision of the Property remain subject to this Agreement for its term in §3.7. The termination of this Agreement as to any subdivision of the Property has no effect as to the Agreement’s validity as to the remaining subdivisions of the Property.
Subdivision of Property. Notwithstanding anything to the contrary in Section 10.8.1 above, if any Partial Transfer results in a subdivision of the Property, Lessee shall have the right to receive, review, and comment on any applications for any such subdivision before the same are submitted to or filed with the applicable governmental body, and shall be entitled to receive prior written notice from Landowner of any public proceeding related thereto. Any such subdivision shall not violate any zoning and/or subdivided land ordinances and regulations (including but not limited to any setback requirements) applicable to all or any portion of any Lessee’s project located or to be located thereon.
Subdivision of Property. Subdivision of a Unit into two or more Units, or changing the boundary lines of any Unit, after a subdivision plat including such Unit has been approved and Recorded, except that Declarant shall be permitted to subdivide or replat Units which it owns.
Subdivision of Property. Notwithstanding the construction of a single family residence as set forth in Section 5 above, any future subdivision or re-subdivision of the SUBJECT PROPERTY must comply with the VILLAGE’s Code of Ordinances, as from time to time amended.
Subdivision of Property. The parcel (#201-03611-0200) shall be subdivided by CSM, with Lot 1 identified on Exhibit 1 transferred to El Tarasco, LLC pursuant to subparagraph 6, below.
Subdivision of Property. The Property is currently a portion of a larger parcel of real property and is owned by Xxxxx. The Landlord and Xxxxx will cause the Property to be legally subdivided from such larger parcel, and such subdivision shall not be subject to Tenant’s consent so long as the Property is subdivided in a manner that creates a parcel on which the Building is located that is substantially similar to the proposed parcel set forth on attached Exhibit “C” attached hereto and will not otherwise materially and adversely affect Tenant’s rights, licenses and permitted uses under this Lease. Upon completion of the subdivision, the “Property” shall be deemed to be the legally subdivided parcel contemplated by attached Exhibit “C” and Tenant shall, at the written request of Landlord, execute an amendment to this Lease verifying the legal description of the Property.
Subdivision of Property. Section 1.7 of the Lease is hereby deleted.
