Common use of Greater Certainty Clause in Contracts

Greater Certainty. The parties further agree that: (a) a Development Plan need not mark all of the parcels in the Lakes District Development Land as a Development Parcel; (b) the allocation of the ♦ dwelling units is a matter for the Owner in its sole discretion, and more particularly neither a Development Plan, nor an amendment to a Development Plan that marks additional parcels as Development Parcels, requires approval by the Regional District; and (c) in the event that the Regional District: (i) rezones any parcel that has a Development Parcel Covenant registered against it, such that more dwelling units can be built on that parcel than the Development Parcel Covenant that the Owner originally registered against title provides for, and (ii) allows the owner of the rezoned parcel to amend the Development Parcel Covenant registered against the parcel in a manner that increases the number of dwelling units that can be built on the parcel; then such addition dwelling units shall not be taken into account in calculating the aggregate number of dwelling units available to other parcels under section 3(a)(ii).

Greater Certainty. The parties further agree that: (a) a Development Plan need not mark all of the parcels in the Lakes District Development Land as a Development Parcel; (b) the allocation of the ♦  dwelling units is a matter for the Owner in its sole discretion, and more particularly neither a Development Plan, nor an amendment to a Development Plan that marks additional parcels as Development Parcels, requires approval by the Regional District; and (c) in the event that the Regional District: (i) rezones any parcel that has a Development Parcel Covenant registered against it, such that more dwelling units can be built on that parcel than the Development Parcel Covenant that the Owner originally registered against title provides for, and (ii) allows the owner of the rezoned parcel to amend the Development Parcel Covenant registered against the parcel in a manner that increases the number of dwelling units that can be built on the parcel; then such addition dwelling units shall not be taken into account in calculating the aggregate number of dwelling units available to other parcels under section 3(a)(ii).

Greater Certainty. The parties further agree that: (a) a Development Plan need not mark all of the parcels in the Lakes District Development Land as a Development Parcel; (b) the allocation of the ♦ dwelling units is a matter for the Owner in its sole discretion, and more particularly neither a Development Plan, nor an amendment to a Development Plan that marks additional parcels as Development Parcels, requires approval by the Regional District; and (c) in the event that the Regional District: (i) rezones any parcel that has a Development Parcel Covenant registered against it, such that more dwelling units can be built on that parcel than the Development Parcel Covenant that the Owner originally registered against title provides for, and (ii) allows the owner of the rezoned parcel to amend the Development Parcel Covenant registered against the parcel in a manner that increases the number of dwelling units that can be built on the parcel; then such addition dwelling units shall not be taken into account in calculating the aggregate number of dwelling units available to other parcels under section 3(a)(ii).