Excess Development Rights

Example Definitions of "Excess Development Rights"
Excess Development Rights. Those Development Rights that are appurtenant to Lot 58 in excess of the Owner Utilized Development Rights, and accordingly are available for transfer pursuant to the Zoning Resolution, which amount shall be determined by a development rights survey of Lot 58, which calculation is to be completed by Purchaser's architect, at Purchaser's sole cost and expense, promptly following the date of this Agreement.
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