Existing Parcel definition
Examples of Existing Parcel in a sentence
Because this Lease deals only with the Property and not the Existing Parcel, and because the Landlord has chosen not to subdivide the Existing Parcel prior to the Effective Date to create a newly identified parcel for the Property, Landlord agrees that it shall apply requirements for Approvals for the Property as though the Property were a separate parcel from the Existing Parcel.
Each Party and Existing Parcel Owner executing this Agreement represents that it has undertaken all actions necessary for approval of this Agreement, and each Person signing this Agreement on behalf of an Existing Parcel Owner has the authority to subject to this Agreement the portion of the PropertyParcel owned by that Existing Parcel Owner.
Section 7.33 of the Oxford Disclosure Letter sets forth a depiction of the parties’ understanding of those portions of the Natgasoline Existing Parcel which will comprise the Transferred Natgasoline Parcel and the Oxford/Cambridge Natgasoline Parcel, it being understood and agreed that a survey of the Natgasoline Existing Parcel will be completed to more precisely identify the separate parcels.
As used herein, a “New Parcel” is any parcel of real property located on, abutting or accessed by Brush Road or on or abutting Ridge Road that is not an Existing Parcel, including, but not limited to, any such parcel created by subdivision of an Existing Parcel or merger of any Existing Parcels.
VMRE desires to purchase from Carvana, subject to the terms and conditions set forth in this Agreement, the Existing Parcels and the Existing Improvements (an Existing Parcel together with the Existing Improvements located thereon and any New Improvements to be constructed thereon is defined herein as an “Existing Property” and, collectively, as the “Existing Properties”).
In no case shall Tenant be required to pay for improvements or fees for the Existing Parcel that would not be required if the Property were a unique parcel as of the Effective Date.
Carvana has constructed improvements on each Existing Parcel (exclusive of any USTs, the “Existing Improvements”) and intends to construct new or additional improvements on some Existing Parcels and on each New Parcel (exclusive of any USTs to be placed upon a New or Existing Parcel, the “New Improvements”), which such Existing Improvements and New Improvements shall be used by Carvana for the Permitted Operations (as defined below).
The term “Parcel Owner” shall mean each Person, other than the Developer, who owns a fee simple title interest in a Parcel, including all of the Existing Parcel Owners.
Each Person, other than thea Developer, who owns a fee simple title interest in a Parcel, including all the Existing Parcel Owners.
Subdivision Plat Amendment to Relocate a Lot Line on an Existing Parcel.