Koa Ridge Covenants Sample Clauses

Koa Ridge Covenants. Buyer acknowledges that the Declaration provides that all present and future unit owners, tenants and occupants of units in the Project are subject to the Koa Ridge Covenants, a copy of which has been received by Buyer. The Koa Ridge Covenants provide, among other things, that the Association (a) shall be deemed the “Parcel Owner” for the Project for all purposes under the Koa Ridge Covenants, (b) shall be the member of the Koa Ridge Owners Association with respect to the Project, and (c) shall exercise the voting rights attributable to the units in the Project, voting as a block. Assessments pursuant to the Koa Ridge Covenants shall be levied against the unit owners. Each unit owner’s obligation to pay assessments shall constitute a lien against its unit. The assessments by the Koa Ridge Owners Association shall include Base Assessments, and also may include Special Benefited Area Assessments, Special Assessments and Specific Assessments, as described in the Koa Ridge Covenants. The Koa Ridge Owners Association also may charge use or consumption fees. Unless billed directly to and collected from the unit owners by the Koa Ridge Owners Association, payment of Buyer’s share of the Koa Ridge Owners Association assessments shall be made to the Association for remittance to the Koa Ridge Owners Association. Buyer may be required to obtain the consent of the Koa Ridge Owners Association before making alterations to the Unit or the limited common elements appurtenant to the Unit, as set forth in the Koa Ridge Covenants.
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Koa Ridge Covenants. Buyer acknowledges that the Declaration provides that all present and future unit owners, tenants and occupants of units in the Project are subject to the Koa Ridge Covenants, a copy of which has been received by Buyer. The Koa Ridge Covenants provide, among other things, that the Association (a) shall be deemed the “Parcel Owner” for the Project for all purposes under the Koa Ridge Covenants, (b) shall be the member of the Koa Ridge Owners Association with respect to the Project, and
Sample 1

Related to Koa Ridge Covenants

  • Negative Covenants Until the Commitments have expired or terminated and the principal of and interest on each Loan and all fees payable hereunder have been paid in full and all Letters of Credit have expired or terminated and all LC Disbursements shall have been reimbursed, the Borrower covenants and agrees with the Lenders that:

  • Special Covenants If any Company shall fail or omit to perform and observe Section 5.7, 5.8, 5.9, 5.11, 5.12, 5.13 or 5.15 hereof.

  • Information Covenants The Borrower will furnish to the Administrative Agent (which shall promptly make such information available to the Lenders in accordance with its customary practice):

  • Specific Covenants The Borrower fails to perform or observe any term, covenant or agreement contained in any of Section 6.01, 6.02, 6.03, 6.05, 6.10, 6.11 or 6.12 or Article VII; or

  • Affirmative Covenants Until the Commitments have expired or been terminated and the principal of and interest on each Loan and all fees payable hereunder shall have been paid in full and all Letters of Credit shall have expired or terminated and all LC Disbursements shall have been reimbursed, the Borrower covenants and agrees with the Lenders that:

  • Positive Covenants The Borrower covenants and agrees that, as long as the Obligations or any part thereof are outstanding or any Bank has any Commitment hereunder, the Borrower will perform and observe the following positive covenants:

  • Post Closing Covenants The Parties agree as follows with respect to the period following the Closing.

  • Mutual Covenants Each Party hereby covenants to the other Party that:

  • Additional Covenants The Company covenants and agrees with the Agent as follows, in addition to any other covenants and agreements made elsewhere in this Agreement:

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