Condominium Party definition
Condominium Party means (1) the Condominium Board, (2) any fee owner of one or more Units, and (3) any lessee under any ground, overriding or underlying lease demising one or more Units.
Condominium Party means (1) the Condominium Board, (2) any fee owner of one or more Units, and (3) any lessee under a ground, overriding, or underlying lease demising one or more Units (including without limitation any Underlying Lessee); and "CONDOMINIUM PARTIES" shall have the corresponding plural meaning.
Examples of Condominium Party in a sentence
If, by reason of any failure of Tenant to comply with the provisions of this lease, the premiums on any insurance of Landlord or any Condominium Party on the Real Property shall be higher than they otherwise would be, then Tenant shall reimburse Landlord, on demand and as Additional Charges, for that part of such premiums attributable to such failure on the part of Tenant.