Common use of Survey Conditions Clause in Contracts

Survey Conditions. As of expiration of the Diligence Period, Developer shall have determined that the Survey: (i) describes the perimeter of the Office Parcel as a single parcel without material gaps, gores, or overlaps; (ii) shows no material encroachments thereto; (iii) shows no Title Defects thereto; (iv) establishes that no part of the Project Site is located within: (A) a “flood hazard zone”, as shown on the applicable Federal Insurance Rate Map; or (B) a “floodway” or “flood plain”, as shown on the applicable Flood Control District Map; and (v) otherwise reasonably is acceptable to Developer. The Survey shall establish the precise legal description of: (A) the Office Parcel; (B) the Parking Parcel; (C) the Public Land; and (D) the Project Site; for purposes of title insurance and closing documents.

Survey Conditions. As of expiration of the Diligence Period, Developer shall have determined that the Survey: (i) describes the perimeter of the Office Parcel Project Site as a single parcel without material gaps, gores, or overlaps; (ii) shows no material encroachments thereto; (iii) shows no Title Defects thereto; (iv) establishes that no part of the Project Site is located within: : (A) a “flood hazard zone”, as shown on the applicable Federal Insurance Rate Map; or or (B) a “floodway” or “flood plain”, as shown on the applicable Flood Control District Map; and (v) otherwise reasonably is acceptable to Developer. The Survey shall establish the precise legal description of: (A) the Office MOB Parcel; (B) the Parking Garage Parcel; ; (C) the Public LandMixed-Use Parcel; (D) the ▇▇▇▇▇▇ Parcel; and (DE) the Project Site; for purposes of title insurance and closing documents.