Declarant Rights Sample Clauses

Declarant Rights. The Parties agree that Pacesetter is, in fact, the Declarant under the DCCRs and that the Preserve Phase III is a part of the La Ventana Subdivision and is subject to, and covered by, the DCCRs. In exchange for this agreement, Pacesetter agrees that by this Agreement it will limit the powers that it will exercise as Declarant under the DCCRs. In this regard, Pacesetter agrees that it will only exercise the rights as Declarant under the DCCRs as are enumerated in Exhibit “B” to this Agreement, unless there is unanimous agreement of the Class A Directors of the ROA to exercise further rights and authority (Capitalized terms used in this Agreement and not otherwise defined in this Agreement shall have the meaning defined for them in the DCCRs.).

Declarant Rights. The Sellers, the Companies and the Subsidiaries, as applicable, have not expressly assigned or waived in writing any declarant rights and developer rights, and/or any seller rights as described in the relevant timeshare documents.

Declarant Rights. At all times during the term of the Loan, ZRV will be the only Declarant under, and the sole holder of all of the rights of the Declarant (including but not limited to any special declarant rights) created by the Condominium Declaration.

Declarant Rights. Prior to the Turnover Date, the Declarant may, in its sole discretion, at any time and from time to time, make any changes that the Declarant in its sole discretion believes will better accomplish the objectives of the Development, adjust to market conditions, or respond to changing land use conditions both within and without the Development, including, any of the following:

Declarant Rights. During the Inspection Period, Buyer shall notify Seller in writing of its election to assume some or all of Seller’s Special Declarant Rights. In the event that Buyer elects to assume any of the Special Declarant Rights, Buyer and Seller shall execute and deliver at Closing the Assignment of Special Declarant Rights, substantially in the form attached hereto as Exhibit L. If Buyer does not provide Seller with its election to assume some or all of the Special Declarant Rights on or before the expiration of the Inspection Period, Buyer shall be deemed to have elected not to assume any of the Special Declarant Rights.

Declarant Rights