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R2003-146 AUTHORIZING FIRST AMENDMENT
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R2003-146 AUTHORIZING FIRST AMENDMENT
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1/12/2016 11:34:50 AM
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1/12/2016 11:34:40 AM
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Resolution/Ordinance
Res Ord Num
R2003-146
Res Ord Title
AUTHORIZING FIRST AMENDMENT TO PURCHASE AGREEMENT - TARGET CORPORATION
Approved Date
9/29/2003
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OEA. There shall be one (1) Approving Party representing the Developer Tract and one (1) <br /> Approving Party representing the Target Tract. Each Approving Party shall have absotute <br /> discretion to make the decisions and/or give the approvals expressly designated to be made <br /> and/or given on behalf of the real estate represented by such position regardless of whether the <br /> Approving Party then owns all or less than all of the Developer Tract or the Target Tract, as the <br /> case may be. The Party designated as Approving Party for the Developer Tract shall have the <br /> right to assign such status to any other Party owning a Tract within the Developer Tract; <br /> provided, however, if such assignment is not made in writing, then the status of Approving Party <br /> for the Developer Tract shall automatically be deemed assigned to the Party acquiring the last <br /> portion of the Developer Tract owned by the Party then holding the status of Approving Party for <br /> the Developer Tract. The Party designated as Approving Party for the Target Tract shall have <br /> the right to assign such status to any other Party owning a Tract within the Target Tract; <br /> provided, however, if such assignment is not made in writing, then the status of Approving Party <br /> for the Target Tract shall automatically be deemed assigned to the Party acquiring the last <br /> portion of the Target Tract owned by the Party then holding the status of Approving Party for <br /> the Target Tract. Developer shall be the initial Approving Party for the Developer Tract; Target <br /> shall be the initial Approving Party for the Target Tract. <br /> 1.2 Buildin "Building" shall mean any permanently enclosed structure placed, <br /> constructed or located on a Tract, which for the purpose of this OEA shall include any building <br /> appurtenances such as stairs leading to or from a door, transformers, trash containers or <br /> compactors, canopies, supports, loading docks, truck ramps, and other outward extensions of <br /> such structure. <br /> 1.3 Buildin�Area "Building Area" shall mean the limited areas of the Shopping <br /> Center within which Buildings may be constructed, placed or located. Building Areas are <br /> designated on the Site Plan. One or more Buildings may be located within a Building Area.l <br /> 1.4 Common Area "Common Area" shall mean all areas within the exterior <br /> boundaries of the Shopping Center, exclusive of(i) any Building and (ii) any Outside Sales Area <br /> during the period such area is used for sales, display and/or storage purposes. <br /> � Exhibit X/Site Plan is to show a permissible"Building Areas" on all of Pad B and Pad C,excluding the <br /> west 100 feet of Pad C. <br /> 2 <br /> #592904 v5-OEA-Decatur <br /> 9/19/2003 <br />
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