Examples of Project Parcel in a sentence
The Developer further recognizes, in view of the importance of the development of the Project Parcel to the general health and welfare of the City, that the qualifications, financial strength and identity of the principal shareholders and executive officers of the Developer are of particular concern to the City.
The Developer represents and agrees that its undertakings pursuant to this Agreement are for the purpose of developing the Project Parcel pursuant to this Agreement and not for speculation in land holding.
For the avoidance of doubt, in the event that a claim or cause of action accrued prior to the date of sale of the Project Parcel (or any portion thereof) by Developer to an unrelated third party was filed after the date of such closing, Developer is required to indemnify the City under this Section.
Within sixty (60) days after the Effective Date, Developer shall at its own expense obtain a survey of the Project Parcel (the “Survey”) and a commitment for title insurance from Fidelity National Title Insurance Company through its agent Holland & Knight LLP (the “Title Commitment") for an Owner’s Policy of Title Insurance for the Project Parcel, and provide copies of each to the City.
For purposes of clarity, the Developer shall be solely responsible for any rail extension within the boundaries of the Project Parcel.