Examples of Development Parcel in a sentence
In the event Lessee fails to timely provide a Non-Acceptance Notice to Aviation Department pursuant to Subsection (b)(1), above, Lessee shall have no further right to notify the Aviation Department of Lessee's non-acceptance of the Development Parcel and Lessee shall be required to accept the entire Premises in "AS IS CONDITION" and "WITH ALL FAULTS" as provided in Subsection 2(j), above.
If Lessee does not accept the Development Parcel pursuant to the requirements of Section 3, above, Lessee shall obtain an Exit Environmental Assessment of the Current Parcel within twelve (12) months prior to the Completion Date.
County shall provide Lessee with a one (1) year Due Diligence Period commencing on the Commencement Date and ending on the last day of the first (1st) Lease Year in order to determine the feasibility of proceeding with development of the Development Parcel.
County and Lessee agree that during the Due Diligence Period the Lessee shall obtain a survey and legal description of the Development Parcel depicted on Exhibit A-2 by a licensed surveyor, at Lessee’s expense, in order to establish the legal boundaries and total square footage of the Development Parcel.
If Xxxxxx accepts the Development Parcel pursuant to the requirements of Section 3, above, Lessee shall obtain an Exit Environmental Assessment of the Current Parcel within twelve (12) months prior to the Phase 1 Date.