Merchant Builder definition
Examples of Merchant Builder in a sentence
Owner agrees to include in any future agreement to sell all or any portion of the property to any person or entity for the purpose of constructing and marketing owner-occupied residential dwelling units (each, a “Merchant Builder”) provisions requiring the inclusion of the following “escrow instructions” in all sales by such Merchant Builder to residential home owners.
Upon closing of such escrow, the amount so deposited by the Merchant Builder pursuant to this escrow instruction shall be sent by the escrow company to the Director of Finance, together with written instructions that such amount is to be used to partially prepay the special tax obligation of the Applicable Parcel for the CFD or shall be sent to the other community facilities district for which the special tax obligation has been prepaid with similar written instructions.
The participation in a Master Project Merchant Builder and Marketing Program.
Upon closing of such escrow, the amount so deposited by the Merchant Builder pursuant to this escrow instruction shall be sent by the escrow company to the Director of Finance, together with written instructions that such amount is to be used to partially prepay the special tax obligation of the Applicable Parcel for CFD No. 16-I or shall be sent to the other community facilities district for which the special tax obligation has been prepaid with similar written instructions.
The participation and contribution toward a Master Project Merchant Builder and Marketing Program.
The temporary Flatfields Amenities contemplated by §2.04 shall be completed before the first Merchant Builder Permit in Phase 2 is issued.
Developer agrees to include in any future agreement to sell all or any portion of the property to any person or entity for the purpose of constructing and marketing owner-occupied residential dwelling units (each, a “Merchant Builder”) provisions requiring the inclusion of the following “escrow instructions” in all sales by such Merchant Builder to residential home owners.
The Community Park shall be completed before the first Merchant Builder Permit in Phase 3 is issued.