Condominium Obligations. Borrower will perform all of Borrower’s obligations under the Condominium Project’s Constituent Documents. The “Constituent Documents” are the: (i) Declaration or any other document which creates the Condominium Project; (ii) by-laws; (iii) code of regulations; and (iv) other equivalent documents. Borrower will promptly pay, when due, all dues and assessments imposed pursuant to the Constituent Documents.
Condominium Obligations. You must comply with all of your obligations under condominium law and the condominium rules. You must give us any proof of compliance that we request. You must not do anything that materially increases your obligations under condominium law and the condominium rules. If we ask, you must exercise your rights to have the managing body, or holders of other units, comply with their obligations under condominium law and the condominium rules.
Condominium Obligations. 11 The Mortgaged Property includes units in, together with undivided interests in common elements of, the condominium known as (the “Condominium”). If the owners’ association or other entity which acts for the Condominium (the “Condominium Association”) holds title to property for the benefit or use of its members or shareholders, the definition of the Mortgaged Property shall also include the Mortgagor’s interest in the Condominium Association and the uses, proceeds and benefits of the Mortgagor’s interest. The Mortgagor covenants and agrees as follows:
Condominium Obligations. Except as hereinafter set forth, to the extent that any Condominium Board is responsible under the Condominium Documents to provide utilities or service to the Unit or to repair or restore the Common Elements, the Unit and/or the Sub-subleased Premises or any appurtenance thereto, or to take any other action which the Condominium Board is required to take under the Condominium Documents (each, a “Condominium Obligation”), Sub-sublandlord shall use its diligent good faith efforts to cause Sublandlord to cause Sublandlord to cause Landlord, at Landlord’s expense (which shall not be reimbursable by way of Operating Expenses), to cause such Condominium Board to comply with the same but neither Landlord, Sublandlord nor Sub-sublandlord shall have any obligation to provide any Condominium Obligation nor shall Landlord, Sublandlord, or Sub-sublandlord have any liability to Sub-subtenant for the failure of any Condominium Board to provide or comply with the Condominium Obligations unless Landlord or a Landlord Entity is in control of such Condominium Board, in which event Landlord shall be liable for and shall be responsible for the performance of such Condominium Obligation. Except as expressly set forth in this Sub-sublease, neither Landlord, Sublandlord nor Sub-sublandlord shall have liability to subtenant for any damage which may arise, nor shall Sub-subtenant’s obligations hereunder be diminished by reason of, (i) the failure of any Condominium Board to keep, observe or perform any of its obligations pursuant to the terms of the Condominium Documents, or (ii) the acts, omissions or negligence of any Condominium Board, its agents, contractors, or employees. Neither Sub-sublandlord nor Sub-subtenant shall do anything that would constitute a default under the Condominium Documents or omit to do anything that such party is obligated to do under the terms of this Sub-sublease or the Sublease so as to cause there to be a default under the Condominium Documents, or cause the other to incur any expense or liability under the Condominium Documents (and, if either party shall cause the other to incur any such expense in violation hereof, the causing party shall reimburse the other within thirty (30) days after demand).
Condominium Obligations. Following the Building Conversion Date, Borrower shall perform or cause to be performed all of Borrower’s obligations and the obligations of the Association under the Declaration all with respect to any of the applicable Project’s Constituent Documents and under the Condominium Act. The “Constituent Documents” are the: (a) the Declaration; (b) the articles of incorporation and by-laws of the Association; and (c) all documents related to the creation, management and operation of the Project following Conversion. Borrower shall promptly pay when due, all dues and assessments imposed pursuant to the Constituent Documents.
Condominium Obligations. The Mortgagor shall promptly pay the Mortgagor’s share of common expenses and all assessments as required by the Master Deed of Condominium (the “Condominium”) dated , recorded with Registry of Deeds in Book , Page (“Master Deed”) or the governing body of the Condominium (the “Condominium Association”), or any by-laws, rules, regulations, or resolutions adopted pursuant to either thereof as the same become due and payable, and fully and faithfully keep and perform each and every covenant, agreement, and provision in the Master Deed, Chapter 183A of the General Laws of the Commonwealth of Massachusetts (“Chapter 183A”), or the by-laws, rules, and regulations of the Condominium Association on the part of Mortgagor to be kept and performed.
Condominium Obligations. You must comply with all of your obligations under condominium law and the condominium rules. You must give us any proof of compliance that we request. You must not do anything that materially increases your obligations under condominium law and the condominium rules. If we ask, you must exercise your rights to have the managing body, or holders of other units, comply with their obligations under condominium law and the condominium rules. Notices and information. You must give the managing body and others notice of our security in a way that protects our right to vote, our rights in insurance and our other rights. If we ask, you must forward to us a copy of notices, assessments, bylaws, financial statements and the condominium rules that you receive from the managing body. If we ask, you must give us any information or document that you're entitled to obtain from the managing body. You authorize us to obtain any information or document from the managing body. Our costs. You must pay us our costs of enforcing a right to have the managing body or another owner comply with condominium law or the condominium rules, or of exercising our rights to vote or consent. Immediate payment. If we choose, all of what is owed (including amounts that haven't become due) must be paid immediately if any of the following things happens: The managing body fails to comply with a material obligation under condominium law or the condominium rules. A court makes a judgment or order against the managing body. The managing body, in our opinion, materially fails to manage the complex in a prudent manner. A court appoints an inspector, administrator or similar officer under condominium law. The managing body becomes bankrupt. Substantial work is started on the complex, or there is a substantial increase in the common expenses or a substantial decrease in the services that the managing body provides, or a step is taken for any of those things. There is a material change to any of the condominium rules, or a step is taken for that. There is substantial damage to the complex. The complex or part of it ceases to be governed by condominium law or the condominium rules, or is sold or expropriated, or the managing body is amalgamated, or the condominium is terminated, or a step is taken for any of those things. Further terms for leasehold property. Where this part applies. This part 11 applies where you have a leasehold interest in the property. All of the other terms of the contract apply, ...
Condominium Obligations. Borrower (i) shall pay all maintenance and Condominium Assessments and shall observe and perform the obligations imposed upon it under the Condominium Documents; (ii) shall enforce the terms, covenants and conditions contained in the Condominium Documents to be observed or performed upon the part of the other parties thereunder in a commercially reasonable manner; (iii) shall not alter, modify or change the terms of the Condominium Documents without Lender’s consent, such consent not to be unreasonably withheld, delayed or qualified, (iv) shall comply with any such state, local or federal law, rule and regulation applicable to the condominium regime at the Property, the Condominium Units or the sale or transfer of the Condominium Units, including, but not limited to, the securities and condominium laws of the State and the rules and regulations pertaining thereto, if applicable, (v) shall, except as provided herein, take all actions as may be necessary from time to time to preserve and maintain the condominium regime at the Property in accordance with Article 9-B of the New York Real Property Law, and (vi) shall give to Lender prompt notice of any notice of any special assessment relating to the condominium regime received by Borrower.
Condominium Obligations. Mortgagor shall perform all of Mortgagor’s obligations under the Declaration, the by-laws and rules and regulations of the Condominium and all other documents, instruments and agreements in any way relating in whole or in part to the imposition of a condominium regime of ownership upon the property of which the Unit forms a part and to the regulation, management or administration of such condominium regime of ownership (collectively, the “Condominium’s Constituent Documents”). Mortgagor shall promptly pay, when due, all common charges, assessments and other sums payable by Mortgagor with respect to the Unit and under the Condominium’s Constituent Documents.
Condominium Obligations. Borrower shall perform all of Borrower's obligations, both as declarant and as an individual condominium unit owner/timeshare owner, under the Declaration and Timeshare Plan. Borrower shall promptly pay, when due, all dues and assessments imposed pursuant to the Declaration.
