Condominium Regime Sample Clauses

Condominium Regime. Tenant confirms that it has been provided with copies of the current Condominium Declaration affecting the Building, such being attached hereto as EXHIBIT B. Subject to the terms of this §19, Tenant shall observe and comply with the Condominium Declaration and any amendments or restatements thereto (upon receipt thereof from Landlord) provided that such do not impose material obligations or costs upon Tenant not already included in this Lease. This Lease, at Landlord’s option, shall be subordinate to the Condominium Declaration regarding maintenance and use of any areas contained in any portion of the Project. Tenant agrees that no documentation other than this Lease shall be required to evidence such subordination. Landlord shall have absolute and complete discretion to provide for such condominium regime on such terms and conditions as it shall determine in its sole discretion; provided in no event shall Landlord take any action with respect to such condominium regime which may reasonably impose material obligations or costs upon Tenant not already included in this Lease or otherwise materially and adversely affect Tenant’s rights under this Lease. Further, Tenant recognizes that under the Condominium Declaration, certain obligations or requirements of performance that might otherwise be the obligation or requirement of the “Landlord” hereunder may, in fact, be the obligation of or are performable by an association created under the Condominium to operate and manage the condominium regime (the “Association”). Without limitation, such obligations might include certain maintenance and repair obligations of the Condominium Common Areas and the obligation to carry insurance and certain restoration obligations in the event of a casualty or condemnation. The existence of the Condominium and/or the delegation of any obligations otherwise performable hereunder by Landlord to any such Association shall not release Landlord, as between Tenant and Landlord, for such obligations, but Tenant agrees that the performance by the Association of such obligations shall satisfy any obligations of Landlord with respect thereto. Tenant confirms that it has been provided with copies of the current Condominium Declaration affecting the Building. Landlord represents and warrants that the Condominium Declaration attached hereto as EXHIBIT B is true, correct and complete and has not been modified.
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Condominium Regime. Borrower shall submit all existing or proposed documentation (the “Condominium Documents”) intended or necessary to convert the Project into a multi-unit condominium regime (the “Condominium Regime”) to the Lender for the Lender’s review and approval prior to the Borrower’s submission of the Condominium Documents to any governmental authority required to review and approve the Condominium Documents as a pre-condition to the creation of the Condominium Regime. Once the Lender has approved the Condominium Documents, which approval shall not be unreasonably conditioned, delayed or withheld, the Lender shall consent to and/or execute such Condominium Documents as are required of the Lender, in its capacity as the holder of a security interest in the Land, to facilitate the Borrower’s conversion of the Project into a Condominium Regime under the laws of the Commonwealth of Virginia.
Condominium Regime. (a) The Property is subject to a condominium regime pursuant to the Declaration of Condominium (as amended to date, collectively the “Declaration”) of The New York Times Building LLC (the “Condominium”) specified in Exhibit A attached hereto, dated as of August 4, 2006 made by The New York Times Building LLC and recorded in the Office of the City Register, New York County on August 15, 2006, as CRFN 2006000460293, as amended by that certain First Amendment to the Declaration, which First Amendment was dated as of January 29, 2007, and recorded in the Office of the City Register, New York County on February 8, 2007 as CRFN 2007000075106, and further amended by that certain Second Amendment to the Declaration, which Second Amendment was dated October 11, 2007, and recorded in the Office of the City Register, New York County on January 8, 2008 as CRFN 2008000008735, and further amended by that certain Third Amendment to the Declaration, which Third Amendment was dated March , 2009, and is intended to recorded in the Office of the City Register, New York County. A Board of Managers (the “Board of Managers”) governs the Condominium pursuant to the by-laws of the Condominium (the “Bylaws”) which were recorded in the like office together with the Declaration. Borrower represents and covenants that Borrower is in compliance with, and at all times hereafter shall maintain compliance with, the terms of the Lease Agreement with respect to any Condominium Documents.
Condominium Regime. (a) Borrower shall promptly, and in any event prior to the closing of the first purchase and sale of any Residential Unit, cause the Condominium Documents, including, without limitation, the Master Condominium Declaration and the Residential Condominium Declaration, each in form and containing terms approved by Senior Lender in compliance with the Senior Loan Agreement. Copies of all documents, correspondence or similar materials related to the Condominium Documents or the condominium regime created thereby which are delivered to or received by Senior Lender or filed with any governmental agency shall be provided to Lender promptly after received, issued, or otherwise available to Borrower.
Condominium Regime. On the Closing Date, the Developer will execute and record the Condominium Documents, all as required by Applicable Law, pursuant to which the Developer shall submit its leasehold interest in the Project Land to create a Condominium Regime. The Condominium Regime shall contain one or more Residential Units, one or more Parking Units, one or more Office Units, one or more Commercial Units, one or more Public Units and a Surf Park Unit. Prior to the Pre-Development Phase Outside Date, the Developer and the Authority shall have agreed upon the form and substance of the Condominium Documents, including a Condominium Purchase Agreement, wherein the Authority agrees to acquire the Parking Units and the Public Units from the Developer for the Parking Units Purchase Price and the Public Units Purchase Price, respectively, established and set forth in the Condominium Development Budget. The Condominium Documents shall provide rules of usage of the Public Units allowing the Developer, and its Affiliates and assignees, to exclusively vend goods and services to the general public from certain specified areas within the boundaries of the Public Units as mutually agreed by the Parties.
Condominium Regime. Tenant acknowledges that the Leased ------------------ Premises consist of three condominium units of a multi-unit condominium and that this Lease is subject to the provisions of the condominium documents which include the Declaration of Condominium, as recorded on June 15, 1982, in Official Records Book 11469 at page 2196 of the Public Records of Dade County, Florida, the Articles of Incorporation of the Vizcaya View Plaza Condominium Association, Inc. (the "Association"), the By-laws and rules of the Association, ----------- and any management or similar agreement, all of which were established by the developer, and any and all amendments thereto (collectively, the "Condominium ----------- Documents"), and that copies of all the foregoing are available for inspection --------- at the office of the Association. Tenant shall abide by all of the rules, regulations, and other provisions of the Condominium Documents. All maintenance fees, Association assessments, management fees, and other such payments to which the owner of a condominium unit is responsible shall be paid by Landlord, except for assessments and/or fines respecting actions or inactions by Tenant.
Condominium Regime. 3.3.1 Upon substantial completion of the Project, Lessee shall submit the Project to the leasehold condominium form of ownership in accordance with the Oregon Condominium Act. Xxxxxx has prepared drafts of the condominium declaration, articles of incorporation, and bylaws for the Condominium Association (collectively, the “Condominium Documents”). The condominium plat will be prepared at or after substantial completion of the Project.. Xxxxxx has also prepared an assignment and assumption of this Lease to the Condominium Association which will be memorialized in the records of Lane County, Oregon by a recorded Memorandum of Lease Assignment. Forms of the foregoing are attached hereto as assignment of this Lease, forms of which are attached hereto as Exhibit D (Condominium Declaration), Exhibit E (Articles of Incorporation of Condominium Association), Exhibit F (By- Laws of the Condominium Association), and Exhibit G (Assignment and Assumption of Lease to Condominium Association).Lessee will pay all expenses necessary to establish and maintain the Project as a condominium, including, without limitation, legal fees for preparation of the Condominium Documents, surveying costs, costs to obtain Oregon Real Estate Agency approval of the final Condominium Documents and the approval of the Lane County Surveyor’s Office of the Condominium plat, and all recording fees for recording the assignment of this Lease, the Condominium plat, Condominium declaration and bylaws, and filing fees for formation of the Condominium Association as an Oregon non-profit corporation.
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Condominium Regime. (a) Borrower shall comply with all terms conditions and covenants of that certain Declaration of Saucon Valley Square Condominium dated October 16, 1997 and recorded October 17, 1997, in the office of the Recorder of Deeds of Northampton County, Pennsylvania on in Volume 1997-1, beginning at Page 114559, as modified by the First Amendment to Declaration of Saucon Valley Square Condominium dated March 31, 1998 and recorded on April 6, 1998 in the office of the Recorder of Deeds of Northampton County, Pennsylvania, in Volume 1998-1, beginning at Page 041301 (collectively, "DECLARATION") and all by-laws, rules and regulations promulgated or otherwise existing with respect to the condominium regime (collectively, the "RULES") as those are in effect from time to time.
Condominium Regime. This section explains how each element of the Project will be built within a separate condominium unit. This is the most efficient real estate structure for mixed-use integrated projects and is commonly used in integrated projects such as this.
Condominium Regime. (a) Borrower shall comply with all terms, conditions and covenants of the Condominium Declaration and all by-laws, rules and regulations promulgated or otherwise existing (collectively, the "Condominium Rules") with respect to the "North Park Towers", a condominium (the "Condominium Regime ") established pursuant to the Condominium Declaration, as those are in force and effect.
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