Parent Tract definition
Examples of Parent Tract in a sentence
Purchaser and/or its consultants, engineers, contractors, and subcontractors of all tiers accessing the Parent Tract shall procure and maintain at their sole expense, insurance of the types and in the minimum amounts stated below.
Tenant agrees to repair any damages to the Parent Tract caused by said work as City shall reasonably require, giving due weight to the expected demolition of the improvements on the Parent Tract.
As of the date of this Agreement, it is not anticipated that the exercise of the power of eminent domain will be necessary to acquire any portion of the Property or related property interests in the Redevelopment Area.
The City agrees that the foregoing restrictions shall run with the Parent Tract from the Effective Date through the Term.
If this Agreement is terminated pursuant to Sections 4.1 or 4.2, Purchaser shall, within ten (10) days of such termination, deliver to Seller copies of the Title Commitment, Survey, all non-confidential feasibility studies, non-confidential engineering reports and all other non-confidential information obtained by Purchaser with respect to the Parent Tract or land of Seller adjacent thereto if requested by Seller.
Promptly following Closing, Purchaser shall take all necessary actions to identify the Land as an independent tax parcel with its own property appraiser's tax parcel identification number separate and apart from the remainder of the Parent Tract.
While this lease is in effect Landlord will allow reasonable off street vehicle parking for persons using the Demised Premises on the Parent Tract.
Prior to Purchaser, its engineers, consultants, contractors, and subcontractors entering on the Parent Tract, or any adjacent property of Seller, certificates evidencing the maintenance of the above required insurance shall be furnished to Seller for approval.
Upon the request of Tenant, Landlord, in its capacity as the owner of the Parent Tract, through the City Manager or his/her designee, as often as required, will execute, join in, or consent to, any Permits, applications, approvals, agreements, or other administrative documents necessary for the approval of the Project, the construction of the Improvements and the Public Infrastructure or the undertaking of the Environmental Activities contemplated by Article 10.
If the extent of the Excluded Parcels has not been determined by the date the Title Commitment is issued, the insured property under the Title Commitment shall be the Parent Tract initially, and once the legal descriptions of the Excluded Parcels have been determined the Title Commitment shall be amended to limit the insured property to the Land.