The Condominium Sample Clauses

The Condominium. Developer is in the process of developing a condominium project to be known as Sommet Blanc Residences, located in Park City, Summit County, Utah (the “Community”). The Community is tentatively planned to include one (1) multi-story residential building (the “Building”) containing a total of twenty (20) condominiums, with the intention that it shall be developed in conjunction with other surrounding properties.
The Condominium. (a) That, it is expressly agreed that the Allottee will be entitled to use the common areas and facilities appurtenant with the said apartment and the nature, extent and description of such common areas and facilities are set out in the Prakoshtha Declaration of the building U/s. Section 2 of the Madhya Pradesh Prakoshtha Swamitva Adhiniyam, 2000 and the usage thereof shall exclusively governed as per the provisions made in the Prakoshtha Declaration and the Madhya Pradesh Prakoshtha Swamitva Adhiniyam, 2000.
The Condominium. A. Developer will construct and equip the condominium building in substantial compliance with the plans and specifications therefor, which are available for inspection by Buyer at the office of Developer. Plans and specifications filed with Brevard County, or any other government agency, shall not be deemed incorporated herein by reference. Developer hereby reserves the exclusive right, in its sole discretion, to make non-substantial changes in plans and specifications and/or substitutions of materials, equipment, or appliances used in the construction of the Property, including variations in color, brand, grade and dimensions, provided such non-substantial changes are in compliance with applicable building codes and/or substitutions are of comparable or better quality, and to make minor changes in the layout and dimensions of the Property, which do not substantially affect the value of the Property. Construction of the condominium (including the Property) shall be in compliance with applicable governmental codes and regulations, subject to local governmental interpretations and applications, and the final inspection and acceptance by such governmental agency, as evidenced by issuance of a Certificate of Occupancy, shall constitute conclusive evidence that the Property has been completed in accordance with this Agreement and the obligations of Developer hereunder have been fully satisfied.
The Condominium. Developer is in the process of developing a condominium project to be known as RC 14 Condominiums located at Canyons Village in Park City, Summit County, Utah (the “Project”). The Project is currently planned to be operated as a YOTELPAD condominium hotel project and to include a multi-story condominium hotel building (the “Building”) containing a total of one hundred forty-four
The Condominium. The Condominium has been duly formed and is validly existing pursuant to applicable law, including Massachusetts General Law c. 183A, as amended. The percentage interest in the common areas of the Condominium which are appurtenant to Dedham Place is 51%. The Condominium Documents (i) are all of the material documents and instruments which have been entered into in connection with the creation of the Condominium, (ii) have not been modified or amended and (iii) are in full force and effect. All common expenses and assessments which are due and payable with respect to the Dedham Place Condominium Unit have been paid in full, and to the Actual Knowledge of Contributor, all common expenses and assessments which are due and payable with respect to the Hotel Unit have been paid in full. To the Actual Knowledge of Contributor, no increase in the annual common expenses and assessments payable with respect to the Dedham Place Condominium Unit is currently contemplated or pending. To the Actual Knowledge of Contributor, Contributor is not in default of any of its material obligations under or with respect to the Condominium Documents, and Contributor has not received any written notice of any such default which remains uncured. The trustees with respect to the Dedham Place Condominium Trust are Xxxxxxx X. Xxxx, III and Xxxx X. Xxxxxxxx. The insurance required to be maintained by the trustees pursuant to Section 5.7.1 of the Dedham Place Condominium Trust and By-Laws is in full force and effect, and true and correct copies of the insurance certificate evidencing the same is annexed hereto as part of Schedule A-10. Contributor has informed Contributee that historically there has not been a separate budget for common area expenses of the Condominium, and each unit owner has paid separately for maintenance of the common areas of the Condominium. Promptly after the date hereof Contributor shall develop a proposed 1998 budget for the common area expenses of the Condominium, which budget shall be subject to the reasonable prior approval of Contributee.
The Condominium a. Buyer agrees to be bound by the Declaration, the Articles of Incorporation and Bylaws of the Association, and the rules and regulations pertaining to the Condominium, as such documents may be amended from time to time.

Related to The Condominium

  • Condominium This Lease and all rights of Tenant hereunder are and shall be subject and subordinate in all respects to any condominium declaration and any other documents (collectively, the “Declaration”) which are or shall be recorded in order to convert the Land and the improvements erected thereon to a condominium form of ownership in accordance with the provisions of Article 9-B of the Real Property Law, or any successor thereto, provided the Declaration does not include any terms which increase Tenant’s monetary or non-monetary obligations (other than to a de minimis extent) or decrease Tenant’s rights (other than to a de minimis extent) or materially interfere with Tenant’s use of the Premises for executive, administrative and general office purposes. If any such Declaration is to be recorded, Tenant, upon the request of Landlord, shall enter into an amendment of this Lease (at no out-of-pocket costs to Tenant other than any legal fees incurred by Tenant in connection with same) reasonably acceptable to Tenant confirming such subordination and modifying the Lease in such respects as shall be necessary to conform to such condominiumization, including, without limitation, appropriate adjustments to Tenant’s Share and appropriate reductions in the Base Operating Amount, the Base PILOT Amount and the Base Impositions Amount; provided, that, Landlord provides to Tenant a subordination, non-disturbance and attornment agreement duly executed by the board of such condominium in a form reasonably acceptable to Tenant.

  • Condominiums If the Mortgaged Property is a condominium unit or a planned unit development (other than a de minimis planned unit development), or stock in a cooperative housing corporation, such condominium, cooperative or planned unit development project meets the eligibility requirements of Fxxxxx Mxx and Fxxxxxx Mac.

  • Condominium Documents Mezzanine Lender shall have received copies of all Condominium Documents;

  • Real Estate Taxes and Special Assessments Seller will pay, on or before the Closing Date, all special assessments levied, pending, or deferred as of the Closing Date. General real estate taxes payable in the year in which Closing occurs shall be prorated on a daily basis, as of the Closing Date. If taxes for the current year are unavailable, the parties shall use the prior year’s taxes or if it is available, a Proposed Tax Statement for the property.

  • Condominiums/Planned Unit Developments If the Mortgaged Property is a condominium unit or a planned unit development (other than a de minimis planned unit development) such condominium or planned unit development project such Mortgage Loan was originated in accordance with, and the Mortgaged Property meets the guidelines set forth in the Originator's Underwriting Guidelines;

  • Project The Recipient declares its commitment to the objectives of the Project. To this end, the Recipient shall cause the Project to be carried out by the Project Implementing Entity in accordance with the provisions of Article IV of the General Conditions and the Project Agreement. Without limitation upon the provisions of Section 3.01 of this Agreement, and except as the Recipient and the Association shall otherwise agree, the Recipient shall ensure that the Project is carried out in accordance with the provisions of Schedule 2 to this Agreement.

  • Landlord’s Reservations Landlord reserves the right from time to time, without unreasonable interference with Tenant’s use: (a) to install, use, maintain, repair, replace and relocate for service to the Premises and other parts of the Building, or either, pipes, ducts, conduits, wires and appurtenant fixtures, wherever located in the Premises or Building, and (b) to alter or relocate any other common facility, provided that substitutions are substantially equivalent or better. Installations, replacements and relocations referred to in clause (a) above shall be located so far as practicable in the central core area of the Building, above ceiling surfaces, below floor surfaces or within perimeter walls of the Premises.

  • Phase 2 Xxxxx 0, Xxxxxx to Non-Market, consists of the continuation of all Phase 1 elements (except those that have been completed or due to other circumstances cannot be continued) and, in addition, may consist of the following elements:

  • Parking Tenant shall be entitled to the number of vehicle parking spaces set forth in Item 14 of the Basic Lease Provisions, which spaces shall be unreserved and unassigned, on those portions of the Common Areas designated by Landlord for parking. Tenant shall not use more parking spaces than such number. All parking spaces shall be used only for parking of vehicles no larger than full size passenger automobiles, sports utility vehicles or pickup trucks. Tenant shall not permit or allow any vehicles that belong to or are controlled by Tenant or Tenant’s employees, suppliers, shippers, customers or invitees to be loaded, unloaded or parked in areas other than those designated by Landlord for such activities. If Tenant permits or allows any of the prohibited activities described above, then Landlord shall have the right, without notice, in addition to such other rights and remedies that Landlord may have, to remove or tow away the vehicle involved and charge the costs to Tenant. Parking within the Common Areas shall be limited to striped parking stalls, and no parking shall be permitted in any driveways, access ways or in any area which would prohibit or impede the free flow of traffic within the Common Areas. There shall be no parking of any vehicles for longer than a forty-eight (48) hour period unless otherwise authorized by Landlord, and vehicles which have been abandoned or parked in violation of the terms hereof may be towed away at the owner’s expense. Nothing contained in this Lease shall be deemed to create liability upon Landlord for any damage to motor vehicles of visitors or employees, for any loss of property from within those motor vehicles, or for any injury to Tenant, its visitors or employees, unless ultimately determined to be caused by the sole active negligence or willful misconduct of Landlord. Landlord shall have the right to establish, and from time to time amend, and to enforce against all users all reasonable rules and regulations (including the designation of areas for employee parking) that Landlord may deem necessary and advisable for the proper and efficient operation and maintenance of parking within the Common Areas. Landlord shall have the right to construct, maintain and operate lighting facilities within the parking areas; to change the area, level, location and arrangement of the parking areas and improvements therein; to restrict parking by tenants, their officers, agents and employees to employee parking areas; to enforce parking charges (by operation of meters or otherwise); and to do and perform such other acts in and to the parking areas and improvements therein as, in the use of good business judgment, Landlord shall determine to be advisable. Any person using the parking area shall observe all directional signs and arrows and any posted speed limits. In no event shall Tenant interfere with the use and enjoyment of the parking area by other tenants of the Project or their employees or invitees. Parking areas shall be used only for parking vehicles. Washing, waxing, cleaning or servicing of vehicles, or the storage of vehicles for longer than 48-hours, is prohibited unless otherwise authorized by Landlord. Tenant shall be liable for any damage to the parking areas caused by Tenant or Tenant’s employees, suppliers, shippers, customers or invitees, including without limitation damage from excess oil leakage. Tenant shall have no right to install any fixtures, equipment or personal property in the parking areas.