Division of Project Sample Clauses
The Division of Project clause defines how a larger project is separated into distinct parts or phases, often for management, billing, or delivery purposes. This clause typically outlines the criteria for dividing the work, such as by milestones, deliverables, or geographic areas, and may specify responsibilities or timelines for each segment. By clearly delineating the scope and sequence of each project division, this clause helps ensure that both parties understand their obligations and facilitates smoother project management and progress tracking.
Division of Project. (a) Landlord shall be entitled to sever the GLENLYON Business Park, including the Land, into separate parcels, or to consolidate the Land with other parcels, and after completion of such severance or consolidation the definitions of “GLENLYON Business Park”, “Premises”, “Building”, “Land” and ‘Project” shall be read to correspond to such change. The separate parcels of the GLENLYON Business Park on severance may be owned by or may be treated as if they were owned by separate entities other than Landlord. Landlord may in its discretion create and grant rights and easements among separate parcels or Project Components and may register same as encumbrances.
(b) (i) Landlord may from time to time, if in the opinion of Landlord more efficient or economical operation of the Project or more equitable distribution of Operating Costs will result, establish Project Components (of which any or all of the Premises, the Building and the Land may be one) and divide, apportion, and allocate Operating Costs among such Project Components.
Division of Project. (1) The Landlord shall be entitled to sever the Land into separate parcels or to consolidate the Land with other parcels and, after completion of such severance or consolidation, the definitions of "Land" and "Project" shall be read to correspond to such change. The separate parcels of the Land on severance may be owned by or may be treated as if they were owned by separate entities other than the Landlord. The Landlord may in its discretion create and grant rights and easements among separate parcels or Project Components and may register same as encumbrances.
(2) The Tenant acknowledges and agrees that if the Land is severed into 2 or more separate parcels or consolidated into fewer parcels, the Tenant will register any caveat indicating its interest in this Lease and the Leased Premises against only the parcel(s) of the Land which is or are directly affected by the Tenant's interest in this Lease and the Leased Premises as directed by the Landlord and, if the Land is severed subsequent to the registration of such caveat, the Tenant shall, at the Landlord's request, cause to be registered a partial discharge of such caveat against the parcels of Land not so directly affected by the Tenant's interest in this Lease and the Leased Premises. If the Tenant fails to cause such partial discharge to be registered within 15 days of a written request from the Landlord, the Landlord may take such steps as it considers necessary to cause such caveat to be partially discharged and the Tenant shall pay the Landlord for all Outlays within 10 days of receipt of an invoice therefor.
(3) (a) From time to time the Landlord may, if, in the opinion of the Landlord, more efficient or economical operation of the Project or more equitable distribution of Operating Costs will result, establish Project Components (of which the Building shall be one) and divide, apportion and allocate Operating Costs among such Project Components.
Division of Project. (a) Landlord shall be entitled to sever the Land into separate parcels, or to consolidate the Land with other parcels, and after completion of such severance or consolidation the definitions of "Land" and "Project" shall be read to correspond to such change. The separate parcels of the Land on severance may be owned by or may be treated as if they were owned by separate entities other than Landlord. Landlord may in its discretion create and grant rights and easements among separate parcels or Project Components and may register same as encumbrances.
Division of Project. 32 Schedule A - Plan Showing Leased Premises* Schedule A1 - Legal Description of Land* Schedule B - Definitions Schedule C - Rules and Regulations* Schedule D - Landlord's Work* Schedule E - Additional Covenants, Agreements and Conditions (if any)** Schedule F - Form of Indemnity Agreement (if applicable)* Schedule G - Security Interest - Remedies on Default* Schedule H - Contents of Leased Premises* ---------- * Omitted from Exhibit 4.16 to the Telvent GIT, S.A. Annual Report on Form 20-F for the fiscal year 2004. ** In Exhibit 4.16 to the Telvent GIT, S.A. Annual Report on Form 20-F for the fiscal year 2004, incorporated into the text of the agreement.