Common use of Survey Conditions Clause in Contracts

Survey Conditions. On the Closing Date, Developer shall have determined that, upon recordation of the Plat, the Survey: (i) describes the perimeter of the Project Site as a single parcel without gaps, gores, or overlaps; (ii) shows no encroachments thereto; (iii) shows no Title Defects thereto; (iv) establishes that no part of the Project Site is located within: (A) a “flood hazard zone”, as shown on the applicable Federal Insurance Rate Map; or (B) a “floodway” or “flood plain”, as shown on the applicable Flood Control District Map; and (v) otherwise reasonably is acceptable to Developer. The Survey shall establish the legal description of: (A) the Mixed-Use Condominium Units; and (B) the Garage Condominium Unit, to the extent possible prior to condominiumization.

Appears in 3 contracts

Samples: Project Agreement, Project Agreement, Project Agreement

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Survey Conditions. On the Closing Date, Developer shall have determined that, upon recordation of the Plat, the Survey: (i) describes the perimeter of the Project Office Site as a single parcel without gaps, gores, or overlaps; (ii) shows no encroachments thereto; (iii) shows no Title Defects thereto; (iv) establishes that no part of the Project Office Site is located within: (A) a "flood hazard zone", as shown on the applicable Federal Insurance Rate Map; or (B) a "floodway" or "flood plain", as shown on the applicable Flood Control District Map; and (v) otherwise reasonably is acceptable to Developer. The Survey shall establish the precise legal description of: (A) of the Mixed-Use Condominium Units; Office Site for purposes of title insurance and (B) the Garage Condominium Unit, to the extent possible prior to condominiumizationclosing documents.

Appears in 2 contracts

Samples: Project Agreement, Project Agreement

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Survey Conditions. On the Closing Date, Developer shall have determined that, upon recordation of the Plat, the Survey: (i) describes the perimeter of the Project Site as a single parcel without gaps, gores, or overlaps; (ii) shows no encroachments thereto; (iii) shows no Title Defects thereto; (iv) establishes that no part of the Project Site is located within: (A) a “flood hazard zone”, as shown on the applicable Federal Insurance Rate Map; or (B) a “floodway” or “flood plain”, as shown on the applicable Flood Control District Map; and (v) otherwise reasonably is acceptable to Developer. The Survey shall establish the precise legal description of: (A) the Mixed-Use Condominium UnitsParcel; and (B) the Garage Condominium Unit, to Parcel; and (C) the extent possible prior to condominiumizationPublic Right-of-Way; for purposes of title insurance and closing documents.

Appears in 1 contract

Samples: Project Agreement

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