Common use of Association Documents Clause in Contracts

Association Documents. Pursuant to the Declaration, a property owners’ association known as the Alcove Homeowners Association, Inc. (the “Association”) will be formed pursuant to Articles of Incorporation (the “Articles”) to be filed with the Colorado Secretary of State and will be governed by bylaws (the “Bylaws”) adopted by the Association’s initial board of directors. The Declaration, Articles and Bylaws are collectively referred to as the “Association Documents.” By signing this Agreement, ▇▇▇▇▇▇▇▇▇ acknowledges and agrees that ▇▇▇▇▇▇ has provided Purchaser with the current drafts of the Association Documents. Seller specifically reserves the right to revise the Association Documents prior to Closing (as defined in Section 6) (a) as needed to establish different or additional easements, reservations or restrictions which, in Seller’s sole judgment, are necessary for, consistent with or in furtherance of the development of the Project; (b) in order to meet the requirements of applicable laws, governmental regulations, governmental bodies or agencies or any lending institutions; or (c) to make any additions, deletions, or modifications which, in Seller’s sole judgment, are necessary for, consistent with or in furtherance of the development of the Project. If Seller makes any such additions, deletions or modifications, Purchaser will not have any right to terminate this Agreement or claim that Seller is in breach of any obligation under this Agreement. Subject to Section 5, Seller’s revisions will not significantly change the location, size or configuration of the Home as depicted on the Plans. At Closing, Seller will furnish Purchaser with copies of the final Association Documents, as recorded, filed or adopted.

Association Documents. Pursuant to the Declaration, a property owners’ association known as the Alcove Homeowners Association, Inc. (the “Association”) will be formed pursuant to Articles of Incorporation (the “Articles”) to be filed with the Colorado Secretary of State and will be governed by bylaws (the “Bylaws”) adopted by the Association’s initial board of directors. The Declaration, Articles and Bylaws are collectively referred to as the “Association Documents.” By signing this Agreement, ▇▇▇▇▇▇▇▇▇ acknowledges and agrees that ▇▇▇▇▇▇ has provided Purchaser with the current drafts of the Association Documents. Seller specifically reserves the right to revise the Association Documents prior to Closing (as defined in Section 6) (a) as needed to establish different or additional easements, reservations or restrictions which, in Seller’s sole judgment, are necessary for, consistent with or in furtherance of the development of the Project; (b) in order to meet the requirements of applicable laws, governmental regulations, governmental bodies or agencies or any lending institutions; or (c) to make any additions, deletions, or modifications which, in Seller’s sole judgment, are necessary for, consistent with or in furtherance of the development of the Project. If Seller makes any such additions, deletions or modifications, Purchaser will not have any right to terminate this Agreement or claim that Seller is in breach of any obligation under this Agreement. Subject to Section 5, Seller’s revisions will not significantly change the location, size or configuration of the Home as depicted on the Plans. At Closing, Seller will furnish Purchaser with copies of the final Association Documents, as recorded, filed or adopted.adopted.‌