Condominium Documents Sample Clauses

Condominium Documents. The condominium documents required by Section 718.706, Florida Statutes, to be provided by Seller to Purchaser are defined as the prospectus together with all exhibits thereto (sometimes hereinafter referred to as the “Condominium Documents”). Purchaser hereby acknowledges receipt of the Condominium Documents listed on the “Receipt for Condominium Documents” attached hereto and incorporated herein by this reference. Seller and Purchaser acknowledge that separate and apart from the provisions of this paragraph, Seller is obligated to obtain from Purchaser a Receipt for Condominium Documents (in accordance with Florida administrative rules) acknowledging receipt of the required Condominium documents, and Purchaser agrees to provide such Receipt upon delivery of such documents.

Condominium Documents. Condominium Documents" means and includes this Master Deed and Exhibits "A" and "B" hereto, and the Articles of Incorporation, Bylaws, Condominium Subdivision Plan, and any rules and regulations of the Association, as all of the same may be amended from time to time.

Condominium Documents. Mezzanine Lender shall have received copies of all Condominium Documents;

Condominium Documents. 5.1.1 Owner, in its capacity as the current owner of the Condo-Hotel, shall execute and record the Condominium Documents, including such documents binding on future owners and operators of the various components of the Condo-Hotel, as may be necessary to ensure that such owners and operators of the Condo-Hotel (and any components thereto) are similarly obligated to construct, operate and maintain the portions of the Condo-Hotel owned or controlled by each such person to a standard consistent with this Agreement and in a manner that shall enable and not interfere with the operation of the Condo-Hotel as contemplated by this Agreement. 5.1.2 Operator has received, reviewed and approved the current draft of the Condominium Documents and will have the continuing right to further approve any modifications thereto over which Owner has control (through exercise of voting rights or otherwise) and Owner shall not amend or modify any of the same in a manner that would materially and adversely affect Operator’s rights or obligations under this Agreement (provided, however, if the amendment or modification is necessary to comply with Legal Requirements, the Parties shall cooperate in good faith to address and resolve the issue). In the event that the Condominium Documents are amended and/or modified, Owner shall provide Operator with copies of such Condominium Documents promptly upon their execution or finalization, as may be applicable. 5.1.3 Owner shall take (and not fail to take) any action or exercise (and not fail to exercise) such rights under the Condominium Documents (through exercise of voting rights, enforcement of remedies or otherwise, subject to any constraints imposed under Legal Requirements) as may be necessary or desirable in order (a) to ensure that each component of the Condo-Hotel over which Owner has control is constructed, maintained and operated in accordance with this Agreement, and (b) to effectuate the terms of this Agreement and the other agreements and documents referred to in this ARTICLE 5; provided, however, in the event Owner’s action or inaction would (i) violate applicable Legal Requirements or the Condominium Documents, or (ii) otherwise subject Owner to legal liability, the parties shall cooperate in good faith to address and resolve the issue. 5.1.4 The Parties shall negotiate in a good faith and timely manner any other agreements reasonably required in connection with the condominium structure agreed upon between the parties for t...

Condominium Documents. Copies of all condominium documents and all amendments thereto with respect to the Property, including without limitation the plats and plans, declaration, bylaws, rules and regulations, current condominium operating budget, and any notices of special assessment (collectively, the “Condominium Documents”);

Condominium Documents. Notwithstanding anything to the contrary contained in the foregoing Sections 5.2 through 5.4, to the extent the Condominium Documents require that all or any portion of any Proceeds or Awards be paid to the Board of Directors and that the Board of Directors hold or otherwise control such Proceeds or Awards and complete a Restoration, then the obligations of Borrowers to deliver (or cause to be delivered) Proceeds or Awards to Lender and to complete such Restoration shall be deemed satisfied provided that: (i) the Borrower owning the Unit exercises its rights as owner of the Unit (through voting, appointment of members or the Board of Directors and any rights otherwise available to Borrower under the Condominium Documents) to cause the Board of Directors to comply with its obligations regarding the Restoration; (ii) Borrowers apply any Proceeds or Awards otherwise received by Borrowers in accordance with this Article 5 and completes the Restoration of any portions of the Property that the Board of Directors is not required to restore; and (iii) Borrowers comply with any requirements applicable to the Borrower owning the Unit under the Condominium Documents in order to enable Lender to obtain all rights to which mortgagees of commercial units in the Condominium are entitled under the Condominium Documents with respect to Proceeds and Awards and other matters described in this Article 5; provided, however, that if the Condominium Documents are hereafter terminated, the provisions of this Section 5.5 shall automatically cease to be of any force or effect. Nothing in this Section 5.5 shall preclude Borrowers’ payment obligations (if any) under Section 5.4(c) above.

Condominium Documents. The Condominium Documents to Borrower’s knowledge relating to the CIGNA Mortgage Loan Property are in full force and effect and there is no default, breach or violation beyond the expiration of applicable notice and cure periods existing thereunder by CIGNA Mortgage Loan Borrower, or to Borrower’s knowledge, any other party thereto and to Borrower’s knowledge, no event has occurred (other than payments due but not yet delinquent) that, with the passage of time or the giving of notice, or both, would constitute a default, breach or violation by any party thereunder. To Borrower’s knowledge, the Condominium Documents are in full compliance with all applicable local, state and federal laws, rules and regulations which effect the establishment and maintenance of condominiums in the applicable state(s) (collectively, the “Condominium Law”) relating to condominiums. No assessments or other amounts payable by CIGNA Mortgage Loan Borrower with respect to any Condominium are delinquent as of the date hereof.

Condominium Documents. Condominium declarations; bylaws, covenants, conditions and restrictions relating to a condominium regime; and similar agreements and instruments affecting any Leased Property and binding upon and/or benefiting Landlord or Tenant and other third parties.

Condominium Documents. The representations and warranties set forth in the corresponding Section of the Building Loan Agreement are incorporated herein by reference as if fully set forth herein.