Lot/Unit Reduction/Redistribution Sample Clauses

The Lot/Unit Reduction/Redistribution clause allows for the adjustment of the number or configuration of lots or units within a development project. In practice, this clause enables a developer or seller to reduce the total number of lots or units, or to redistribute their size or boundaries, often in response to regulatory requirements, market demand, or construction constraints. Its core function is to provide flexibility in project planning and execution, ensuring that the parties can adapt to changing circumstances without breaching the agreement.
Lot/Unit Reduction/Redistribution. (1) The number of units in Division II Phase I shall be reduced by 38 units from 360 units originally approved to 322 units.1 (2) The Lots/Units are restated as follows:
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Lot/Unit Reduction/Redistribution. (1) The number of units in Division II Phase I shall be reduced by 3 units 1With this amendment there will be no changes in the total number of allowed units. 1 Of the 360 units originally approved, 155 units have been sold. (2) The Lots/Units changes are restated as followssummarized in the following table: RIVER RIM RANCH PHASE I, AMENDMENT #7, SUMMARY OF RELOCATED RESIDENTIAL UNITS BLOCK / TRACT (Proposed Use) CURRENT NUMBER OF RESIDENTIAL LOTS PROPOSED NUMBER OF RESIDENTIAL LOTS CHANGE
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Related to Lot/Unit Reduction/Redistribution

  • Contract Distribution The Employer will provide all current and new employees with a link to the new Agreement. Each department or unit will maintain a paper copy of the contract accessible to all employees.

  • Redistribution If any amount owing by an Obligor under any Finance Document to a Finance Party (the recovering Finance Party) is discharged by payment, set-off or any other manner other than through the Facility Agent in accordance with Clause 9 (Payments) (a recovery), then: (a) the recovering Finance Party shall, within three Business Days, notify details of the recovery to the Facility Agent; (b) the Facility Agent shall determine whether the recovery is in excess of the amount which the recovering Finance Party would have received had the recovery been received by the Facility Agent and distributed in accordance with Clause 9 (Payments); (c) subject to Clause 29.3 (Exceptions), the recovering Finance Party shall, within three Business Days of demand by the Facility Agent, pay to the Facility Agent an amount (the redistribution) equal to the excess; (d) the Facility Agent shall treat the redistribution as if it were a payment by the Obligor concerned under Clause 9 (Payments) and shall pay the redistribution to the Finance Parties (other than the recovering Finance Party) in accordance with Clause 9.7 (Partial payments); and (e) after payment of the full redistribution, the recovering Finance Party will be subrogated to the portion of the claims paid under paragraph (d) above, and that Obligor will owe the recovering Finance Party a debt which is equal to the redistribution, immediately payable and of the type originally discharged.

  • Liquidation Distribution Distributions made upon dissolution of the Partnership shall be made as provided in Section 9.03.

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