Common use of Additional Pool Properties Clause in Contracts

Additional Pool Properties. From and after the date on which one or more Lennar Parties, on the one hand, and one or more Owner Parties, on the other hand, enter into an Addendum with respect to a Proposed Pool Property, such Proposed Pool Property shall thereafter be deemed a Pool Property. At the request of an Owner Party, the Lennar Parties shall cooperate to amend this Agreement to memorialize the transition of Proposed Pool Properties to Pool Properties concurrently with or following consummation of such transaction, but such Proposed Pool Property shall be deemed a Pool Property upon execution of an Addendum irrespective of whether Owner Party makes such request. At the request of any Lennar Party, the Owner Parties shall amend this Agreement to ensure that the “Pool Payment Obligation Limit” (as defined in the Master Agreement) is not exceeded, all as more fully set forth in the Master Agreement.