Minimum Lot Size Clause Samples

The Minimum Lot Size clause sets a lower limit on the amount of goods or property that can be bought, sold, or developed in a single transaction. For example, in real estate, it may require that any parcel of land sold or developed must be at least a certain number of acres, while in commodities trading, it could specify the smallest permissible order size. This clause ensures transactions are economically viable, prevents fragmentation of assets, and maintains market or community standards.
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Minimum Lot Size. There shall be no minimum lot size requirement on Educational Facility sites.
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Minimum Lot Size. The minimum lot size shall be 6,025 (50’ x 120.5’) square feet.
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Minimum Lot Size. Notwithstanding Section 2.2, to the extent that Seller is required to deliver Refined Copper hereunder by way of LME Warrants pursuant to Section 2.3(1) and the amount of any such Refined Copper required to be so delivered (the “Sub-Minimum Amount”) is less than the minimum lot size for a single LME Warrant for Refined Copper (the “Minimum Lot Size”): (a) to the extent that the Sub-Minimum Amount is less than 50% of the Minimum Lot Size, the requirement of Seller to deliver the Sub-Minimum Amount shall be postponed until such time as Seller’s accrued delivery requirements hereunder in respect of Refined Copper are of sufficient quantity to allow Seller to satisfy the Minimum Lot Size; and (b) to the extent that the Sub-Minimum Amount is equal to or greater than 50% of the Minimum Lot Size, Seller shall deliver, together with the Sub-Minimum Amount, an additional amount of Refined Copper (the “Top Up Amount”) equal to the difference between the Minimum Lot Size and the Sub-Minimum Amount, and Seller shall be entitled to set off and deduct, pursuant to Section 10.5, an amount of Refined Copper equal to the Top Up Amount so delivered from the next required deliveries of Refined Copper by Seller to Purchaser under this Agreement. Upon the termination of this Agreement, any outstanding deliveries of Refined Copper that have been postponed pursuant to Section 2.7 shall become immediately due for delivery and any Top Up Amount that has been delivered but not set off pursuant to Section 2.7(b) shall become immediately payable to Seller (calculated using the Copper Market Price as of the Date of Delivery of the Top Up Amount to Purchaser) or set off against any amounts owing to Purchaser upon termination.
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Minimum Lot Size. The minimum lot size of any lot within the Smuggler Mobile Home Park shall be twenty-four hundred (2400) square feet.
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Minimum Lot Size. No Lot shall be subdivided into a smaller lot with the exception of Lots 1, 20 and 21.
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Minimum Lot Size. As indicated on project plans – 79,715 square feet or 1.83-acres.
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Minimum Lot Size. A decrease of the minimum lot size is allowed when such decrease is no more than a ten (10) percent change to the originally approved minimum lot size. (i.e., a ten (10) percent decrease of a ten thousand (10,000) square foot lot is one thousand (1,000) square feet resulting in a new minimum lot size of nine thousand (9,000) square feet). Reductions in minimum lot size may not result in an increase in the overall density approved as part of the final PUD.
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Minimum Lot Size. ​ No residence shall be erected or placed on a Lot having a width of less than 65 feet at the minimum building setback line, nor shall any residence be erected or placed on any Lot having an area less than 8,000 square feet.
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Related to Minimum Lot Size

  • Minimum Limits The minimum limits to be maintained by the School (inclusive of any amounts provided by an umbrella or excess policy) shall be $1 million per occurrence/$3 million annual aggregate.

  • Minimum Balance Requirements To be a member and maintain Accounts with Us You must purchase 1 share in the Credit Union. The par value of a share in this Credit Union is $5.00. If the balance in Your primary share Account drops below 1 share ($5.00), at any time, We may, at Our option, close Your Account. Nonsufficient Funds Returns. Any share draft or pre-authorized transfer, or transaction made through the use of a debit card, or other electronic means, as is applicable (including any in-person transaction), that is presented to Us for payment on Your Account when Your Account lacks sufficient collected funds to pay any such item may, at Our option, be returned for nonsufficient funds or We may honor any such item and charge You a fee for doing so. Overdraft Balance Calculation. When processing transactions that debit or credit Your Account, We start each Business Day with Your final Account balance from the preceding Business Day. The final balance takes into account all of the debit and credit transactions that were settled that Business Day pursuant to Our Funds Availability Policy, as well as any other debits or credits to Your Account that were finally settled that day, as described above in the "Deposit of Items" and "Collection and Processing of Items" sections of the Account Agreement. This starting balance at the beginning of a Business Day (the preceding Business Day's final balance) is sometimes referred to as Your "actual balance."

  • Coverage Minimum Limits Commercial General Liability $1,000,000 per occurrence $2,000,000 aggregate Automobile Liability including coverage for owned, non-owned and hired vehicles $1,000,000 per occurrence

  • MINIMUM ORDER QUANTITY The State makes no commitment to purchase any minimum or maximum quantity, or dollar volume of products from the selected suppliers. Utilization of this agreement will be on an as needed basis by State Agencies and/or Cooperative Participants, Cities, Counties, Schools K-12, Colleges and Universities. The State will award to multiple suppliers; however, the State reserves the right to purchase like and similar products from other suppliers as necessary to meet operational requirements.

  • Minimum Book Net Worth The Borrower will maintain, during each period described below, its Book Net Worth in an amount not less than the amount set forth below: