SUBDIVISIONAL LAYOUT PLAN Sample Clauses

SUBDIVISIONAL LAYOUT PLAN. 5.1 The Purchaser acknowledges that the Property and the approximate area, boundaries and description of the Property are as depicted on the Subdivisional Layout Plan annexed hereto. 5.2 The Purchaser acknowledges that the Seller is in the process of preparing the Draft General Plan for approval by the Surveyor General. The Draft General Plan will be lodged with the Surveyor General once the Municipal Planning Tribunal has issued the Record of Decision approving the Development. The Draft General Plan as finally determined and approved by the Surveyor-General shall be binding upon the parties, provided always that the area of the Property shall be within 5% (five percent) of the area stated in 1.5 above.
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