Unoccupied Lots Sample Clauses

Unoccupied Lots. Owners of unoccupied lots shall at all times keep and maintain their property in this subdivision in an orderly manner causing weeds and other growth to be seasonably cut, and prevent accumulation of rubbish and debris on the premises. In the event an owner of any numbered residential lot in the Project shall fail to maintain the premises and the improvements situated thereon in a manner satisfactory to the Building Control Committee or the directors of the Property Owners’ Association, that is hereafter described, said Committee or Association shall have the right, through its agents and employees, to enter upon said lot and to repair, maintain, and restore the lot and the exterior of the buildings and any other improvements erected thereon. Such right shall not be exercised unless two-thirds of said Committee or Board of Directors of the Owners’ Association shall have voted in favor of its being exercised. The cost of such exterior maintenance shall be added to and become part of the annual charge to which said lot is subject.
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Unoccupied Lots. It is agreed that: --------------- (a) BRC shall be solely responsible, at BRC's or its Affiliate's expense, for marketing or causing its Affiliate to market the Unoccupied Lots. Any and all such expenditures by BRC or its Affiliates shall not be treated as Capital Contributions, and BRC shall not receive any additional Capital Account credit with respect thereto. (b) On or before March 1 of each year during the term of this Agreement, BRC shall (i) determine (y) the market value of each Partnership Unit in accordance with the formula set forth in Schedule 2.6(b) attached hereto (the "Unit Value") and (z) the market value of each Occupied Lot in accordance ---------- with the formula set forth in Schedule 2.6(b) attached hereto (the "Occupied Lot ------------ Value") and (ii) deliver to MPI a written notice setting forth the Unit Value ----- and the Occupied Lot Value, which Unit Value and Occupied Lot Value shall be binding on both Partners until the date upon which BRC shall deliver to MPI another written notice pursuant to this Section 2.6(b). -------------- (c) In the event that a tenant takes possession of an Unoccupied Lot (each such tenant, a "New Tenant"), then immediately upon the date that the New ---------- Tenant takes possession of such Unoccupied Lot, and without further action by the Partnership or the Partners, the number of Partnership Units held by BRC shall be increased by a number (the "Increase Number") equal to (i) the Occupied --------------- Lot Value then pertaining, divided by (ii) the Unit Value then pertaining, ------- adjusted to the nearest whole number. (d) Subject to compliance with applicable securities laws and the provisions of Section 2.6(f) hereof, MPI shall, not earlier than one hundred -------------- eighty three (183) days after the Closing Date, and thereafter promptly, offer in writing to issue to each New Tenant who has taken possession of an Unoccupied Lot, a number of authorized shares of MPI Stock equal to the Increase Number multiplied by the Stock/Unit Ratio, at an issue price per share of MPI Stock ---------- equal to the Unit Value divided by the Stock/Unit Ratio (the "Issue Price"), and ------- ----------- if such New Tenant shall accept such offer within thirty (30) days after the New Tenant's receipt thereof, MPI shall promptly issue to the New Tenant the number of shares of MPI Stock with respect to which such offer shall be accepted (the "Issue Number"), which shall be a whole number that is not more t...

Related to Unoccupied Lots

  • Porcupine Site Highway 11 and the City of Timmins Thunder Bay and District Toronto/York-Peel

  • Project Site The “Project Site” is the place where the Work is being carried on.

  • Maximum Occupancy No more than two (2) guests per one (1) resident (who is present) are permitted in a student room/suite/apartment at any given time unless otherwise approved by the University (Residential Life).

  • Square Footage Buyer acknowledges that the square footage of the Property has not been measured by Seller, Seller’s broker or its auctioneer (including the square footage of the lot and home) and the square footage quoted on any marketing tools such as advertisements, brochures, MLS data, the auction website and any other information provided is based on information supplied to Seller and is deemed approximate and not guaranteed. Buyer further acknowledges that Buyer has not relied upon any such marketing tool and that such tools are not representations and/or warranties of Seller or its agent.

  • TENANT PARKING Tenant shall rent from Landlord, commencing on the Commencement Date, the amount of parking spaces set forth in Section 9 of the Summary, on a monthly basis throughout the Lease Term, which parking spaces shall pertain to parking on a first-come, first-served, as available basis in the Project parking facility. Tenant shall not use any space to park more than one vehicle at a time. Tenant may surrender spaces on not less than thirty (30) days prior Notice at which time Tenant’s right to re-rent such space shall expire. The location of the reserved parking spaces, if any, shall be designated by Landlord. Tenant shall pay monthly fees for all parking spaces rented by Tenant, on a monthly basis together with Base Rent, at the prevailing rate charged from time to time. In addition, Tenant shall be responsible for any increases in taxes imposed by any governmental authority in connection with the renting of such parking spaces by Tenant or the use of the parking facility by Tenant regardless of whether Landlord charges Tenant for such parking separately or at all. Tenant’s continued right to use the parking spaces is conditioned upon Tenant abiding by all rules and regulations which are prescribed from time to time for the orderly operation and use of the parking facility where the parking spaces are located (including any sticker or other identification system established by Landlord and the prohibition of vehicle repair and maintenance activities in the Project’s parking facilities), Tenant’s cooperation in seeing that Tenant’s employees and visitors also comply with such rules and regulations and Tenant not being in Default under this Lease. Neither Tenant nor its employees shall park automobiles in the Project parking facility overnight. All vehicles parked in the Project parking facility must be properly licensed in accordance with the laws of the State in which the Project is located and in operable condition. No oversized vehicles, commercial vehicles or vehicles which would damage the surface of the Project parking facility, shall be permitted to use the Project parking facility. Tenant’s use of the Project parking facility shall be at Tenant’s sole risk and Tenant acknowledges and agrees that Landlord shall have no liability whatsoever for damage to the vehicles of Tenant, its employees and/or visitors, or for other personal injury or property damage or theft relating to or connected with the parking rights granted herein or any of Tenant’s, its employees’ and/or visitors’ use of the parking facilities. Tenant’s rights hereunder are subject to the terms of any Underlying Documents. Landlord specifically reserves the right to change the size, configuration, design, layout and all other aspects of the Project parking facility at any time and Tenant acknowledges and agrees that Landlord may, without incurring any liability to Tenant and without any abatement of Rent under this Lease, from time to time, close-off or restrict access to the Project parking facility for purposes of permitting or facilitating any such construction, alteration or improvements. Landlord may issue a total number of unreserved spaces for the Project parking facility based on past usage patterns rather than limiting spaces to the number of spaces. Landlord may delegate its responsibilities hereunder to a parking operator in which case such parking operator shall have all the rights of control attributed hereby to the Landlord and, at Landlord’s sole discretion, the monthly fees for parking spaces may be billed by and paid to the parking operator. The parking spaces rented by Tenant pursuant to this Article 28 are provided to Tenant solely for use by Tenant’s own personnel and such spaces may not be transferred, assigned, subleased or otherwise alienated by Tenant without Landlord’s prior approval. Tenant may validate visitor parking by such method or methods as the Landlord may establish, at the validation rate from time to time generally applicable to visitor parking. Landlord may cancel parking spaces which remain unused for ninety (90) days or more.

  • Parking Area Developer shall provide a parking area for ADOT for at least 100 vehicles 27 (85 staff/15 visitors). The parking area must be reasonably level (all-weather surface and 28 all-weather access). The parking area must include an additional lockable fenced 29 parking area to accommodate 25 ADOT vehicles.

  • Underground Facilities All underground pipelines, conduits, ducts, cables, wires, manholes, vaults, tanks, tunnels, or other such facilities or attachments, and any encasements containing such facilities, including without limitation those that convey electricity, gases, steam, liquid petroleum products, telephone or other communications, cable television, water, wastewater, storm water, other liquids or chemicals, or traffic or other control systems.

  • Occupancy of the Mortgaged Property As of the related Closing Date the Mortgaged Property is lawfully occupied under applicable law. All inspections, licenses and certificates required to be made or issued with respect to all occupied portions of the Mortgaged Property and, with respect to the use and occupancy of the same, including but not limited to certificates of occupancy and fire underwriting certificates, have been made or obtained from the appropriate authorities. The Mortgagor represented at the time of origination of the Mortgage Loan that the Mortgagor would occupy the Mortgaged Property as the Mortgagor's primary residence;

  • Multiple Bedroom Spaces If this Housing Agreement expressly identifies more than one bedroom space in a multi-bedroom apartment as assigned to Resident on page 1, then: (a) references to a “space” or “spaces” will be deemed to refer to all of the spaces assigned to Resident, or to the entire apartment if all of the bedrooms in an apartment are assigned to Resident; and (b) if Resident is assigned fewer than all of the bedroom spaces in an apartment, use of common areas will continue to be shared with other residents of the apartment and any calculation of Resident’s share of any charges assessed pro rata to all residents of an apartment will be made by dividing the number of bedroom spaces assigned to Resident by the total number of occupied bedroom spaces within the apartment.

  • Buildings The Employer will provide and maintain all state-owned buildings, facilities, and equipment in accordance with the specific written order(s) of the Michigan (MIOSHA) Departments of Licensing and Regulatory Affairs and/or Health and Human Services. Where facilities are leased by the Employer, the Employer shall make a reasonable attempt to assure that such facilities comply with the order(s) of the Michigan Departments of Licensing and Regulatory Affairs and/or Health and Human Services.

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