Common use of Condominium Property Clause in Contracts

Condominium Property. The Association agrees not to mortgage, encumber, or alter the use of the Clover Way Sewer System or any of the land subject to the rights and easements set forth in the Easement (the "Easement Area") after the date hereof without the prior consent of the Town, and to maintain the Clover Way Sewer System and the Easement Area consistent with the manner in which it has operated and maintained the Easement Area and the Clover Way Sewer System prior to this Agreement. The Association represents and warrants that it has provided the Town with all relevant information in its possession or in its agents' possession regarding the condition of the Clover Way Sewer System and agrees to immediately disclose to the Town any changes in such information. The Association shall also immediately disclose to the Town any damage occurring to the Clover Way Sewer System, and any other material adverse change relevant to the Clover Way Sewer System. The parties acknowledge and agree that this Agreement, and the Conditions set forth herein, were developed based upon the knowledge and information available to the parties on the date hereof, and notwithstanding anything contained in this Agreement, upon any change to the Clover Way Sewer System or the Easement Area, including without limitation damage to or deficiencies in the Clover Way Sewer System prior to final acceptance by the Town, the Town shall have the right to require that the Association resolve such matters to the Town's satisfaction, within a reasonable period of time given the nature of the work, prior to the Town's acceptance of the Clover Way Sewer System, or the Town may take such other reasonable action as may be appropriate. Notwithstanding anything else in this Agreement, the Town shall not be obligated to accept the Clover Way Sewer System until such time as the Town is satisfied that it meets the Town's standards. The Town shall have the right to enter, inspect and survey the Condominium Property at any time prior to the acceptance of the Clover Way Sewer System to ensure its compliance with the Town's standards so long as the Town does not unreasonably interfere with the quiet enjoyment of residents of the Condominium Property.

Condominium Property. The Association agrees not to mortgage, encumber, or alter the use of the Clover Way Ridgewood Sewer System or any of the land subject to the rights and easements set forth in the Easement (the "“Easement Area"”) after the date hereof without the prior consent of the Town, and to maintain the Clover Way Ridgewood Sewer System and the Easement Area consistent with the manner in which it has operated and maintained the Easement Area and the Clover Way Ridgewood Sewer System prior to this Agreement. The Association represents and warrants that it has provided the Town with all relevant information in its possession or in its agents' ’ possession regarding the condition of the Clover Way Ridgewood Sewer System and agrees to immediately disclose to the Town any changes in such information. The Association shall also immediately disclose to the Town any damage occurring to the Clover Way Ridgewood Sewer System, and any other material adverse change relevant to the Clover Way Ridgewood Sewer System. The parties acknowledge and agree that this Agreement, and the Conditions set forth herein, were developed based upon the knowledge and information available to the parties on the date hereof, and notwithstanding anything contained in this Agreement, upon any change to the Clover Way Ridgewood Sewer System or the Easement Area, including without limitation damage to or deficiencies in the Clover Way Ridgewood Sewer System prior to final acceptance by the Town, the Town shall have the right to require that the Association resolve such matters to the Town's ’s satisfaction, within a reasonable period of time given the nature of the work, prior to the Town's ’s acceptance of the Clover Way Ridgewood Sewer System, or the Town may take such other reasonable action as may be appropriate. Notwithstanding anything else in this Agreement, the Town shall not be obligated to accept the Clover Way Ridgewood Sewer System until such time as the Town is satisfied that it meets the Town's ’s standards. The Town shall have the right to enter, inspect and survey the Condominium Property at any time prior to the acceptance of the Clover Way Ridgewood Sewer System to ensure its compliance with the Town's ’s standards so long as the Town does not unreasonably interfere with the quiet enjoyment of residents of the Condominium Property.