HOA Control, Funding; Hovnanian Home Warranties Sample Clauses

HOA Control, Funding; Hovnanian Home Warranties x. Xxxxxxxxx and the HOA agree and acknowledge that the Declarant Control period for the Project will terminate (and control of the HOA will be turned over to the homeowners) on June 1, 2011 (the “HOA Transition Date”), provided that on the HOA Transition Date this Agreement has been fully executed and has been approved by the owners of lots in Phase One as set forth in Section 31 below. On the HOA Transition Date, the HOA Board members and officers appointed by Hovnanian will resign. Hovnanian agrees that it will assist as reasonably requested by the homeowners for a smooth transition from Declarant control to homeowner control, and Hovnanian will turn over control of the HOA in accordance with the terms of the Declaration, the HOA Articles of Incorporation, the HOA Bylaws, and any applicable law, including the Property Owners’ Association Act. Upon turning over control of the HOA, Hovnanian shall be entitled to retain any Special Declarant Rights set forth in the Declaration until it has sold its last lot in Phase One.
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Related to HOA Control, Funding; Hovnanian Home Warranties

  • Continuing Nature of Representations and Warranties The representations and warranties set forth in this Section are made as of the Effective Date and deemed made continually throughout the Term. If at any time during the Term, any Party obtains actual knowledge of any event or information which causes any of the representations and warranties in this Article 7 to be materially untrue or misleading, such Party shall provide the other Party with written notice of the event or information, the representations and warranties affected, and the action, if any, which such Party intends to take to make the representations and warranties true and correct. The notice required pursuant to this Section shall be given as soon as practicable after the occurrence of each such event.

  • Representations and Warranties Concerning Motor Vehicles If in the course of Performance or in any other way related to the Contract the Contractor at any time uses or operates “motor vehicles,” as that term is defined by Conn. Gen. Stat. §14-1 (including, but not limited to such services as snow plowing, sanding, hauling or delivery of materials, freight or merchandise, or the transportation of passengers), the Contractor, represents and warrants for itself and the Contractor Parties, that:

  • Representations and Warranties of the Corporation The Corporation hereby represents and warrants to the Purchaser as follows:

  • Representations and Warranties of the Company The Company represents and warrants to each Underwriter that:

  • Representations and Warranties of the Sponsor The Sponsor hereby represents and warrants to the Owner Trustee that:

  • Truth of Representations and Warranties The representations and warranties made by the Purchaser in this Agreement or given on its behalf hereunder shall be substantially accurate in all material respects on and as of the Closing Date with the same effect as though such representations and warranties had been made or given on and as of the Closing Date.

  • Project Co Representations and Warranties Project Co represents and warrants to Hospital that as at the date of this Limited Assignment of Construction Contract:

  • Representations and Warranties of Contractor Contractor represents and warrants to the Owner that:

  • REPRESENTATIONS AND WARRANTIES OF LOCAL CHURCH The Local Church represents and warrants to the Annual Conference as of the date hereof and the Disaffiliation Date as follows:

  • Representations and Warranties of the Developer The Developer represents and warrants to the Authority that:

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