Condominium Declaration. The purchase of a unit in a condominium includes such accessory rights as are included in a recorded condominium declaration. The Property is warranted to be a part of a condominium declaration made in accordance with LSA‐R.S. 9:1121.101, et seq. as on file in the public records of the parish in which the unit is located (the “Declaration”). SELLER desires to convey to BUYER the Property together with an undivided ownership interest in the common elements of the condominium project known as as the common elements are established in the Declaration. BUYER purchases the Property subject to the Condominium Declaration, Condominium Owner’s Association By‐laws, Articles of Incorporation of the Association, and Association Rules and Regulations applicable thereto. Ownership of the Property to be transferred shall further include an undivided share of all common expenses and common surplus, as defined by the Declaration. Further, the legal description of the Property to be conveyed shall be controlled by the Declaration.
Condominium Declaration. Borrower hereby represents and warrants to Lender that (i) Cedar-Xxxxxxx, LLC, a Delaware limited liability company is the sole owner of all of the Units (as defined in the Condominium Declaration), Common Elements (as defined in the Condominium Declaration), Limited Common Elements (as defined in the Condominium Declaration) and other real property subject to the Condominium Declaration, (ii) Borrower is the sole Declarant (as defined in the Condominium Declaration) under the Condominium Declaration, (iii) the Association (as defined in the Condominium Declaration) has never been formed and there is no condominium association or other homeowner’s association in existence as of the date hereof, (iv) as of the date hereof, Borrower, as the holder of the Declarant rights, is not aware of any violation of the covenants, conditions, restrictions, rules and regulations set forth in the Condominium Declaration, and (v) the assessment regime set forth in the Condominium Declaration has not been established or imposed and, as of the date hereof, there are no assessments due and owing under the Condominium Declaration.
Condominium Declaration. All Alterations and the Tenant Improvements are subject to compliance with the Condominium Declaration.
Condominium Declaration. (a) Notwithstanding anything to the contrary contained in the form of Condominium Declaration attached as Exhibit E to the Operating Agreement, the right of first offer to lease in favor of NYTC under Section 5(d) of Article XX thereof, shall not become effective as to any of the First Offer Space (as defined in the form of Condominium Declaration attached as Exhibit E to the Operating Agreement) until the earlier of (i) the first anniversary of the Completion Date and (ii) the date on which such portion of the First Offer Space becomes available for leasing after the expiration of the term of the initial lease of such portion of the First Offer Space.
Condominium Declaration. If not previously executed and recorded by Seller, the Condominium Declaration executed by Seller.
Condominium Declaration. The Owner shall include a reference in its recorded condominium Declaration to this Trail Easement.
Condominium Declaration. Seller and Purchaser shall jointly cause the Board of Managers to execute and deliver an Agreement by and among Purchaser, the Condominium (acting through the Board of Managers), Seller and Citigroup in the form of EXHIBIT P attached hereto pursuant to the provisions of which the Purchaser and the Condominium (acting through the Board of Managers) shall agree as follows: at all times when the Citi Office Lease is in effect, the Building shall be owned in the condominium form of ownership; at all times when the Citi Office Lease is in effect, there shall in no event or under any circumstances be any subdivision of Unit 2; at all times when the Citi Office Lease is in effect, there shall in no event be more than three subdivisions of Unit 1 into separate condominium units; at all times when the Citi Office Lease is in effect, all condominium units into which Unit 1 may be subdivided shall at all times be either directly or indirectly owned and controlled by a single entity, it being agreed by the parties hereto that ownership of any such subdivided condominium unit by an "exchange accommodation title holder" or a "qualified intermediary" in connection with a tax deferred exchange under Section 1031 of the Internal Revenue Code entered into by the owner of Unit 1 or the condominium units into which Unit 1 has been subdivided in accordance with the provisions of Section 5.9(c) shall not constitute a violation of this subsection (d), provided that at the conclusion of such tax deferred exchange (i.e., the transfer of such subdivided condominium unit by such "exchange accommodation title holder" or "qualified intermediary" to the ultimate purchaser thereof) such subdivided condominium unit and all of the other condominium units into which Unit 1 has been so subdivided are either directly or indirectly owned and controlled by a single entity; at all times when the Citi Office Lease is in effect, there shall in no event or under any circumstance be any reallocation of space between or among any of Xxxx 0, Xxxx 0 or any other condominium unit into which Unit 1 has been subdivided in accordance with the provisions of this Section; at all times when the Citi Office Lease is in effect, the tenant under the Citi Office Lease shall at all times be entitled to have a representative present at all meetings of the Board of Managers and shall be entitled to present its views on any and all matters before the Board of Managers; at all times when the Citi Office Lease is in e...
Condominium Declaration. Subsequent to the Real Estate Closing and prior to the Project Commencement Closing, the Developer and the Holding Company shall prepare a condominium declaration, plat and association documents (collectively, the “Condominium Documents”) for the purpose of subjecting the fee interest in the Project Parcel to the condominium form of ownership, pursuant to the Wisconsin Condominium Act. The condominium to be established by the Condominium Documents (the “Condominium”) is anticipated to be a five-unit condominium consisting of units (each, a “Unit”) within which the five Project Elements will be constructed: (i) the Block 88 Office Building Unit, the Hotel Unit, the Block 105 Future Expansion Unit (these three Units, collectively the “Private Units”) and
Condominium Declaration. The purchase of a unit in a condominium includes such accessory
Condominium Declaration. Purchaser and Seller acknowledge and agree that (i) Purchaser received a copy of the draft Declaration of Condominium for 00 Xxxxxx Xxxxxx, A Condominium (the “Condominium Declaration”) prior to the Effective Date, and (ii) Purchaser has approved the Condominium Declaration in all respects. The parties will mutually work together in good faith to finalize the Condominium Declaration and to prepare the same for recording at or prior to Closing. Provided the Condominium Declaration is not revised to materially and adversely affect the Property, Seller shall have the right to make any revisions to the Condominium Declaration as Seller deems necessary. Seller shall record the Condominium Declaration in the public records of the Superior Court of Xxxxxx County, Georgia on or before the Closing Date. SUBSTANTIALLY FINAL DRAFT
