Port Site. The Port Site includes real property owned by the Port and subject to the Public Trust, as well as certain Private Parcels. Without limiting the generality of any other conditions precedent to the Agency’s obligation to convey real property under this DDA, the Parties agree it is a condition precedent to the Agency’s obligation to convey any real property within the Port Site to Developer, and for Developer to take title to the same, that the Agency has acquired that portion of the Port Site and that all applicable Trust Exchange Closing Phases for the Port Site have been completed.
Appears in 3 contracts
Sources: Disposition and Development Agreement (Five Point Holdings, LLC), Disposition and Development Agreement, Disposition and Development Agreement