Multiple Ownership. If any Transfer results in multiple ownership of any Member’s Units, the Company may require one or more trustees or nominees to be designated as representing a portion of or the entire interest transferred for purposes of (a) receiving all notices which may be given, and all payments which may be made, under this Agreement and (b) exercising all rights which the transferor as a Member has pursuant to the provisions of this Agreement.
Multiple Ownership. In the event of any Transfer which results in multiple ownership of a Limited Partner’s interest in the Partnership, the General Partner may require that one or more trustees or nominees be designated to represent all or a portion of the interest transferred for the purpose of receiving all notices which may be given and all payments which may be made under this Agreement and for the purpose of exercising all rights of the transferees under this Agreement.
Multiple Ownership. In the event of multiple ownership subsequent to the approval of the Application, each of the subsequent owners, mortgagees and other successors in interest in and to the Property (or any portion thereof, including condominium unit owners) shall be bound by the terms and provisions of this Agreement as covenants that run with the Property.
Multiple Ownership. If portions of the Project are owned by an entity other than Landlord, Landlord, at its option, may enter into an agreement with the owner or owners of such portion(s) to provide (i) for reciprocal rights of access, use and/or enjoyment of the Project, (ii) for the common management, operation, maintenance, improvement and/or repair of all or any portion of the Project, (iii) for the allocation of Operating Expenses for Common Facilities, and (iv) for any other matter which Landlord reasonably deems necessary. Tenant agrees that this Lease shall be subordinate to any such agreement, and agrees to execute and deliver, within ten (10) days after request by Landlord, and in the form reasonably requested by Landlord, any additional commercially reasonable documents designated by Landlord to further evidence the subordination of this Lease to such agreement, provided Tenant shall not be required to incur any unreasonable costs, undue burden or diminution of Tenant's rights hereunder as a result thereof, and provided that no such document or agreement shall have any material adverse effect on Tenant's use and enjoyment of the Premises for the conduct of its business.
Multiple Ownership. 11.2.6.2 Covenants of Limited Partners. ..
Multiple Ownership. No Lot or Dwelling or any portions thereof may be sold under any time-sharing, time-interval or similar right-to-use programs.
Multiple Ownership. The Owner shall have the right to develop the Project in phases, to sell or lease portions of the Project to any third party, to condominiumize the Project (or portions thereof), and/or to enter into joint ventures for portions of the Project with third parties. In the event of multiple ownership subsequent to the approval of the Agreement, each of the subsequent owners, mortgagees, and other successors having interest in the Property (or any portion thereof, including condominium unit owners) shall be bound by the terms and provisions of this Agreement as covenants that run with the Property. th e co on of men
Multiple Ownership. If at any time the interest or estate of any Condo-Hotel Owner hereto shall be owned by more than one person, corporation or other entity (hereafter in this paragraph collectively referred to as “said Owners”), then, said Owners shall give to such other Condo-Hotel Owner a written notice, executed and acknowledged by all of said Owners, in form proper for recording, which shall designate the Responsible Individual (as described in §1.12.1 of this Declaration) as agent for all of said Owners for all notices thereafter given to said Owners hereunder and for the service of process in any action or proceeding, whether before a court or by arbitration, involving the determination or enforcement of any rights or obligations hereunder. Thereafter, until such Responsible Individual designation is revoked by written notice given by all of said Owners or their successors in interest, any notice, and any summons, complaint or other legal process or any notice given in connection with an arbitration proceeding (which such summonses, complaints, legal processes and notices given in connection with arbitration proceedings are hereafter in this §16.2 collectively referred to as “legal process”) given to, or served upon, such Responsible Individual shall be deemed to have been given to, or served upon, each and every one of said Owners at the same time that such notice or legal process is given to, or served upon, such agent. If said Owners shall fail so to designate in writing one such Responsible Individual to whom all notices are to be given and upon whom any legal process is to be served, or if such designation shall be revoked as aforesaid and a new Responsible Individual is not designated, then any notice or legal process may be given to, or served upon, any one of said Owners as agent for all of said Owners and such notice or legal process shall be deemed to have been given to, or served upon, each and every one of said Owners at the same time that such notice or legal process is given to, or served upon, any one of them, and each of said Owners shall be deemed to have appointed each of the other Condo-Hotel Owners as the Responsible Individual for the receipt of notices and the service of legal process as aforesaid. Notwithstanding the foregoing provisions of this §16.2, to the extent permitted by law, notices to Condo-Hotel Owner, as applicable, and all of its constituent Condo-Hotel Unit Owners shall be served upon the president of the Condo-Hotel Association fo...
Multiple Ownership. No Unit in the Regime will be used for or subject to any type of Vacation Time Sharing Plan or Vacation Multiple Ownership Plan as defined by the 1976 Code of Laws for the State of South Carolina, as amended, Section 27-32-10, et. seq., or any subsequent laws of this State dealing with that or . similar type of ownership by a Unit Owner, or which is used for, in conjunction with and/or as an advertised part of any time share exchange program which makes available as accommodations the Unit and which is not otherwise registered as a Vacation Time Sharing Plan or Vacation Multiple Ownership Plan or which utilizes the Unit as accommodations for time share sale prospects of any Person, without the prior written consent of the Developer during the Developer's Transition Period and thereafter by the Board of Directors of the Association. The Developer specifically reserves the right in its sole discretion, to time share any additional phase added to the Regime pursuant to this Article XIV.
Multiple Ownership. If any Transfer results in multiple ownership of any Member’s Interest, the Management Committee may require one or more trustees or nominees to be designated as representing a portion of or the entire Interest transferred for purposes of (a) receiving all notices which may be given, and all payments which may be made, under this Agreement and (b) exercising all rights which the transferor as a Member has pursuant to the provisions of this Agreement.
