Commercial park definition
Commercial park means a tract of land where several commercial establishments (e.g. stores, offices, restaurants, warehouses, or factories) are located. This includes, but is not limited to: business parks, industrial parks, office parks, and shopping centers or malls.
Examples of Commercial park in a sentence
In further consideration hereof, Seller covenants and agrees for itself, its successors and assigns that, for a period of fifteen (15) years from and after Closing, Mountain Lake Commercial park (excluding the Real Estate) will not be used for, or in conjunction with, any business that includes the sale of gasoline or other motor fuels; cigarettes, including all electronic cigarettes and other tobacco products; or the off premises sale of alcoholic beverages.
This covenant shall run with the land and shall be binding upon all assignees, transferees, and successors-in-interest to Mountain Lake Commercial park (excluding the Real Estate) for the said term of fifteen (15) years.