Master Association. Purchaser acknowledges that the Master Association is responsible for the management, maintenance and operation of significant areas within Snowmass Base Village, including generally, without limitation, walkways and driveways within Snowmass Base Village, the Base Village plaza areas and ice rink, snowmelt systems serving any of its areas of responsibility, exterior landscaped areas within Snowmass Base Village, the Base Village Central Plant and the residential portions of the Base Village Parking Garage, among other areas of responsibility.
Master Association. Purchaser also acknowledges that as owner of the Unit, Purchaser shall be subject to the provisions and restrictions contained in the Master Declaration, shall automatically become a Riverfront Residential Member of the owners' association established pursuant to the Master Declaration (the “Master Association”) and shall be governed by the Master Association’s articles of incorporation, bylaws, and rules and regulations from time to time in effect. These documents require, among other things, membership by Purchaser in the Master Association and payment of assessments to the Master Association independent of those to be paid to the Association.
Master Association. Xxxxxxx acknowledges and agrees that the Development Property will be subject to the Master Association and will thereby be subject to payment of certain periodic association dues for the costs of operating and maintaining each component of Public Open Space. Xxxxxxx will execute such agreement, consents, and joinders as necessary to establish the Master Association and bind the Development Property to the Master Association. The Master Association will formed and operated as required by Section 2.2(a)(iii) of the Redevelopment Agreement and as otherwise determined by Developer in its discretion, including the requirement that the Master Association organizational documents establish a tiered fee structure in which the association fees are allocated to the properties consisting of Lots 1 and 2, Block 2; Xxx 0, Xxxxx 0; Xxx 0, Xxxxx 10; Xxx 0, Xxxxx 00; Xxx 0, Xxxxx 00; Xxx 0, Xxxxx 16; Xxx 0, Xxxxx 00; Xxx 0, Xxxxx 22; Xxx 0, Xxxxx 00; Xxx 0, Xxxxx 28 (all as set forth the original Plat) at a ratio of 2:1 relative to the association fees allocated to the other Lots in the Redevelopment Area.
Master Association. Borrower shall submit all existing or proposed documentation (the “Master Association Documents”) intended or necessary to subject the Land and Improvements to a master association (the “Master Association”) to Lender for Lender’s review and approval concurrently with Borrower’s submission of the Master Association Documents to any governmental authority required to review and approve the Master Association Documents as a precondition to creation of the Master Association. Once the Lender has approved the Master Association Documents, which approval shall not be unreasonably withheld, delay, or conditioned, the Lender shall consent to and/or execute such Master Association Documents as are required of the Lender, in its capacity as the holder of a security interest in the Mortgaged Property, to facilitate the Borrower’s establishment of a Master Association for the Project under the laws of the Commonwealth of Virginia. ARTICLE V
Master Association. Each Owner, by acceptance of a deed to a Unit acknowledges and agrees that, pursuant to the Master Documents, all Owners shall be members of the Master Association and shall be subject to the Master Documents. Each Owner further acknowledges that, pursuant to the Master Documents, the Condominium has been designated as a “Building Condominium” (as such term is defined in the Master Documents). If there are conflicts between the provisions of Georgia law, the Master Documents, this Declaration, the By-Laws, and the Articles of Incorporation, then the provisions of Georgia law, the Master Documents, the Declaration, the Articles of Incorporation, and the By-Laws (in that order) shall prevail.
Master Association. “Master Association” shall have the meaning ascribed in the Master Declaration.
Master Association. Buyer is aware that there is a Vista Run Master Association. In accordance with the recorded Protective Covenants for Vista Run, all neighborhoods within Vista Run will be members of the Master Association.
Master Association. 14.1 Seller currently envisions creating a Master Association which will own and operate the Beach Club and, if constructed, the Intracoastal Club, the common areas and other amenities associated with Project as well as other properties (collectively the “Master Association Properties”). Within one hundred twenty (120) days from the Effective Date, Seller shall submit to Purchaser for its review and comments the proposed documents creating the Master Association (the “Master Association Documents”). Purchaser shall have thirty (30) days from receipt of the Master Association Documents to provide Seller with any comments regarding the Master Association Documents. Seller shall give due consideration for Purchaser’s comments on the Master Association Documents, however, Seller shall not be obligated to incorporate any of Purchaser’s suggested changes to the Master Association Documents. The Master Association Documents shall require the Master Association to maintain the Master Association Properties in a manner consistent with the franchise standards adopted from time to time by Franchisor (the “Franchise Standards”) for so long as the License Agreement, as same may be amended, modified and extended, is in effect, except the Master Association shall not be required to utilize Franchisor’s trademark in connection with the operation of the Master Association Properties.
Master Association. The master association shall govern the open space areas within Residential use areas of the Project and shall be formed and organized by Developer, pursuant to the Deed Restrictions (defined below), after recordation of the first plat or condominium subdivision plan within the Project and before the sale of, and conveyance of title to, the first home built in the Project. Each Residential unit in the Project shall have access to open space areas that are maintained by the master association. The organizational documents of the master association shall: (a) conform to this Agreement; and (b) empower and require the master association, or its sub- associations, as the case may be, to: (i) provide effectively for ownership, operation, maintenance, improvement, repair and replacement of the open space and any other common improvements within the Project, including, without limitation spreading the master association's budgeted costs ratably against all Residential units within the Project, by annual and special assessments, each of which shall become a lien upon the land assessed and the personal obligation of the delinquent property owner; (ii) establish and maintain a capital fund to be held in reserve for replacement of the open space and any other common improvements of the Project; and (iii) enforce the Deed Restrictions.
Master Association. If the Buyer of the Property will also be obligated to pay an annual assessment to a master association, the annual assessment is estimated to be and shall be paid in installments.
