Subdivision Plat. Approval by the Lender and its construction consultant of the form of Record Plat to be recorded.
Subdivision Plat. The obligations of the Parties to close the transaction contemplated in this Agreement shall be subject to approval from the appropriate governmental authorities for the recording of a subdivision plat prepared by a surveyor licensed in the State of North Carolina (the “Subdivision Plat”) that, subdivides the Cone Mill Property and establishes the boundaries of the portion of the Cone Mill Property to be conveyed to Buyer herein (the “Conveyed Cone Mill Property”) and the portion of the Cone Mill Property being retained by Pineville Redevelopment (such property being retained by Pineville Redevelopment being the “Residual Property”). The boundary line between the Conveyed Cone Mill Property and the Residual Property is shown and set forth on Exhibit A-1 herein. Seller shall have prepared and shall record the Subdivision Plat in the Mecklenburg County Public Registry, at its sole cost and expense, at or prior to Closing, and Buyer shall cooperate with Seller to ensure that the Subdivision Plat is obtained and recorded at or prior to Closing. [Remainder of Page Intentionally Left Blank; Signature Page Follows.]
Subdivision Plat. Developer reserves the right to record, modify, amend, revise and otherwise add to, at any time and from time to time, a subdivision plat setting forth such information as Developer may deem necessary with regard to the Property, including without limitation, the locations and dimensions of all Lots, Common Areas, public or private roads, utility systems, drainage systems, utility easements, drainage easements, access easements, set- back line restrictions, retention ponds and drainage basins. Any such subdivision plats or any amendments thereto shall be binding on the portions of the Property indicated thereon as if such subdivision plat were specifically incorporated into these Covenants. Notwithstanding anything provided to the contrary in these Covenants, Developer may at any time or from time to time divide and redivide, combine and resubdivide any Lots owned by Developer and change any easement description or relocate any roads affected thereby, subject to approval of any Governmental Authority having jurisdiction thereof.
Subdivision Plat. Recordation of a subdivision plat which plat shall have been approved by the Lender and its construction consultant. The Lender acknowledges that it has received and approved the Subdivision Plat that has been recorded to create 29 subdivided Single Family Lots in both Phases that have frontage on a public street, which Subdivision Plat has been recorded on June 25, 2012 in Book 206 at page 117 among the records of the Office of the Surveyor for the District of Columbia (the “Subdivision Plat”). The Lender’s approval of the Subdivision Plat is only for purposes of the Development Loan, subject to all of the other terms and conditions for advances under the Development Loan for each of the Phases, and does not constitute an approval for purposes of advances under the Construction Loan, the requirements for which are set forth in Section 5.4 below.
Subdivision Plat. Seller shall provide Purchaser will all reasonably requested assistance, including specifically execution of submission documents as the owner of the Property, which are required for creating and obtaining a legally compliant subdivision in order to create the County Lot which will be conveyed to Purchaser, and the remaining Land Unlimited Lot to be retained by Seller. The plat shall specifically contain and identify a twelve foot (12’) wide public utility easement along the southern border of the County Lot, for utility service to the retained Land Unlimited Lot. All applications and efforts required for platting shall be undertaken at the direction and expense of Purchaser. The satisfaction of this platting requirement shall specifically be a condition precedent to the Closing of this transaction.
Subdivision Plat. The approved and recorded subdivision plat for all phases of the Developments in which the Encumbered Intervals are located.
Subdivision Plat. Within two (2) business days after the Effective Date, Seller, at its sole expense, will initiate and thereafter diligently pursue, the subdivision of the Property with boundaries mutually acceptable to Purchaser and Seller and generally in accordance with the description of the Property in Section 1, so that Seller can convey the Property lawfully in accordance with a recorded subdivision plat (“Plat”). The Plat will provide for free (without charge) and unrestricted vehicular access from the Property to the public right of way of W. 19th Street, including by perpetual easement over the alley, the centerline of which forms the eastern boundary of the Property, and to the extent necessary, by perpetual easement over the private right of way known as “Front Street”, and by perpetual easement approved by Purchaser during the Investigation Period, the public rights of way of Main Street and Riverfront Parkway, and appropriate access to all public utilities (other than gas which is not present at the Property), that Purchaser requires to service the Property. Seller will utilize the services of RLS Group, LLC and Rxxxx Xxxxx Civil Engineers to facilitate all surveying and engineering needs related to the subdivision, and Purchaser agrees to reasonably consider them for its surveying and civil engineering requirements with respect to the Property, and if Purchaser reasonably determines not to use their services, Seller will reasonably cooperate with Purchaser in selecting alternative professionals.
Subdivision Plat. If applicable, prior to recording any subdivision plat for the Land, Borrower shall (a) provide Lender with a final copy of the plat, which shall be subject to Lender’s review and approval, (b) execute and deliver modifications to the Loan Documents to evidence the amended legal description of the Land, together with such other documents and instruments as Lender reasonably requests, (c) provide Lender with a commitment for an endorsement to Lender’s Title Policy to insure the new legal description of the Land, (d) provide Lender with all reciprocal easement agreements and similar agreements that Borrower proposes to record contemporaneously with the plat, all of which shall be subject to Lender’s review and approval, and (e) provide Lender with the additional documents, information and instruments as Lender shall reasonably request.
Subdivision Plat. Tenant shall be responsible for accomplishing any subdivision of the Property to create the legal lots necessary for the Project’s Phase Development Plans. The parties acknowledge that Xxxxxx has taken steps necessary to plat the Property consistent with the Master Plan and consistent with the approved Phase Development Plan as set forth in the Short Plat, as defined above. Construction on the Property shall be consistent with the Short Plat.
Subdivision Plat. Upon final execution of this Agreement by Owner and Chatham County, and the provision to Chatham County of adequate Security (i.e. performance security and maintenance security), as provided above, Chatham County agrees to approve the Subdivision Plat for recording in the records of the Office of the Clerk of the Superior Court of Chatham County, Georgia.
