Owner and Owners

Owner and Owners. The term "Owner" or "Owners" means the Phase 1 Owner and the Phase 2 Owner and all successor fee title owners to all or any portion of the Covered Property and their successors in interest. If a Parcel is further divided into one or more legal lots, each of such separate legal lots shall thereafter be considered to be a Parcel and the Owner of each such legal lot shall be an Owner.