Phase One Property definition
Examples of Phase One Property in a sentence
Phase Two Owner agrees to exercise the easement rights created hereby in a manner which will not unreasonably interfere with the operation of Phase One Owner’s business upon the Phase One Property.
So long as any mortgage loan remains outstanding with respect to the Phase One Property or the Phase Two Property, or any amounts are owed to the holder(s) of such mortgages, such holder(s) shall be deemed an intended third-party beneficiary hereof and entitled to enforce the provisions hereof.
Phase One Owner hereby grants to Phase Two Owner, for the use and benefit of Phase Two Owner, its successors and assigns who acquire an interest in the Phase Two Property, an access easement for access, ingress and egress upon the Phase One Property for the purpose of (a) the transfer of effluent from the Phase Two Property to the Lift Station and (b) connection to the sewer lines within the Phase One Property that are currently existing or may be installed hereafter, from time to time.
It is further acknowledged that the Phase One Property includes the following interior Community Facilities: fitness center, leasing office, playroom, business office with training room, trash compactor and recycling center (the “Phase One Facilities”).
Unless additions or deletions are approved or required by City, for purposes of this Agreement, the Phase One Property (or “Property”) shall be that certain real property consisting of approximately 10 acres located either to the north or south side of High Tech High in the City of Chula Vista and more particularly shown on Exhibit A attached hereto.
Must identify and describe relationships to CRP Area Plan land use patterns anticipated for portions of the Development Footprint outside of the Development Phase One Property so as to allow Developer to satisfy its obligation pursuant to Section 6(c) to upsize Backbone Infrastructure to accommodate future phases of development outside the Development Phase One Property.
As noted in Section 3 above, the particulars of the project to be developed on the Development Phase One Property will be set forth in a Specific Plan to be prepared by Developer, at its sole cost and expense.
Accordingly, the parties further acknowledge that the Purchase Agreement establishes a Purchase Price for the Phase One Property at $1,950,000.00 or $10,000.00 per residential housing unit approved by the Seller.
A lift station and related equipment are located on the Phase One Property (the “Lift Station”), which Lift Station will be operated and maintained by the Phase One Owner, and will service both the Phase One Property and the Phase Two Property.
The death of any person or any accident, injury, loss or damage whatsoever caused to any person or to the property of any person that shall occur in or around the Development Phase One Property, including any portions of the EDC property, the PBC property, or off-site improvement areas, to the extent caused by the act or omission of Developer, or its agents, servants, employees or contractors.