Additional Parcel definition
Examples of Additional Parcel in a sentence
Landlord desires to lease to Tenant, and Tenant desires to lease from Landlord, the Additional Parcel pursuant to the terms and conditions of the Lease.
The Additional Option Money shall be a credit toward the Additional Parcel Purchase Price.
During the term of the Temporary Parking Easement, the Temporary Parking Easement shall be considered for all purposes under this Agreement as a “Parking Easement.” Immediately upon the Additional Parcel 3 Building Substantial Completion Date, the Temporary Parking Easement shall immediately terminate.
The Parcel 3 Owner shall not permit or create a substantial, permanent or indefinite change in its use of the Parcel 3 Easements other than in connection with the construction of the Additional Parcel 3 Building.
Cmnmencement Date, Tenant's contl·actor discovered an estimated 4,000 gallon No. 2 heating oil tmderground storage tank (the ''UST") on the no1ihem portion of the Additional Parcel and that upon discove1y, a release to the soil adjacent to the UST was observed and reported to the New York State Department of Enviromnental Conservation (''NYSDEC").
The Temporary Parking Easement shall be irrevocable until substantial completion of the Additional Parcel 3 Building (the “Additional Parcel 3 Building Substantial Completion Date”).
For any Additional Parcel that is or will be subject to a CRUP, the Agency agrees that it will not accept such Additional Parcel from the Navy under the Conveyance Agreement without HPS2 Tenant’s prior approval, which approval will not be unreasonably withheld, conditioned or delayed.
Effective on the Effective Date, the legal description of the Property contained in the Loan Documents is hereby amended to include the New Additional Parcel and therefore, the legal description of the Property contained in the Loan Documents is hereby amended and restated to read as contained in Exhibit "A" to this Agreement.
As contemplated by Section 2.2 of the Declaration, Residual Landlord may from time to time create one or more additional parcels (each, an “Additional Parcel”) out of the Residual Parcel by (i) amending the Residual Ground Lease to release the subject Additional Parcel, and (ii) causing Ground Lessor to ground lease the subject Additional Parcel to Residual Landlord’s nominee (each an “Additional Landlord”).
Before the Parcel 3 Owner commences any construction of the Additional Parcel 3 Building, the Parcel 3 Owner agrees to coordinate and discuss any necessary security precautions or restrictions to the Easements necessary to protect the Parcels 1&2 Benefited Parties in connection with the Parcels 1&2 Benefited Parties’ use of the Parcel 3 Easements.