Examples of Release Parcel in a sentence
So long as the actual Release Parcel is consistent in all material respects with the Release Parcel depicted on Exhibit A-2, such amendment may be executed by the Authority Representative and City Manager without further City Council or Authority board approval.
Following Completion of the Minimum Improvements the parties agree to execute and record an amendment to this Agreement and/or its memorandum which releases the Release Parcel from this Agreement and redefines the Minimum Improvements Area hereunder as the original Minimum Improvements Area less the Release Parcel.
The actual dimensions of the Release Parcel do not materially deviate from the proposed dimensions of the Release Parcel as depicted on Schedule 1.
If the option is exercised as to less than all the Premises, the portion as to which the exercise is made must be such that it would qualify as a Release Parcel under section 13.3 with that provision’s being applied with the Tenant making the proposal to Landlord (rather than vice versa).
Such offer shall include a description of the proposed property offered for substitution (the “Substitute Parcel”), a description of the proposed property to be released back to Landlord upon such a substitution (the “Release Parcel”), a draft of the proposed documents to be used, a title report with respect to the proposed Substitute Parcel, and an appraisal and any other evidence of value of both the Substitute Parcel and the Release Parcel.