Examples of Declaration of Merger in a sentence
The Declaration of Merger also gives the Seller the right, in its sole and absolute discretion, to cause and effect an ownership merger or mergers of the Project and the additional phases, as an alternative to an administrative merger or mergers of the Project and the additional phases, to provide for the common ownership of the Project and the additional phases by all of the unit owners of the Project and the additional phases.
Seller has the right to change the Declaration, By-Laws, Condominium Map, Rules and Regulations of the Association, form of Condominium Unit Deed, the Declaration of Merger, and other documents.
Buyer acknowledges that Xxxxx has read and reviewed, and understands, approves and accepts, the plans and specifications for the Project prepared by Seller's architect, the Declaration, the By-Laws, the Condominium Map, the Koa Ridge Covenants, the Declaration of Merger, the Rules and Regulations of the Association, the form of Condominium Unit Deed, and the Escrow Agreement.
The term "Declaration of Merger" means that certain Declaration of Merger of Condominium Phases recorded or to be recorded in the Bureau of Conveyances of the State of Hawaii, as it may be amended from time to time.
In the event an ownership merger is declared invalid or unenforceable for any reason, the Grantor shall have the right, in its sole and absolute discretion, to effect an administrative merger or mergers of the Project and the additional phases in accordance with the provisions of the Declaration of Merger.
In the event an administrative merger is declared invalid or unenforceable for any reason, the Grantor shall have the right, in its sole and absolute discretion, to effect an ownership merger or mergers of the Project and the additional phases in accordance with the provisions of the Declaration of Merger.
The Declaration of Merger also gives the Grantor the right, in its sole and absolute discretion, to cause and effect an ownership merger or mergers of the Project and the additional phases, as an alternative to an administrative merger or mergers of the Project and the additional phases, to provide for the common ownership of the Project and the additional phases by all of the unit owners of the Project and the additional phases.
Notwithstanding anything to the contrary contained in these By-Laws, in the event that the Project is merged with an additional phase or phases in accordance with the Declaration of Merger referred to in Section S of the Declaration, a special meeting of the Association shall be called and held within sixty (60) days following the date of any such merger.
The term "thirty-five percent (35%) of the owners" herein means the owners of units to which are appurtenant thirty-five percent (35%) of the common interests as established by the Declaration, or, in the event of an ownership merger of the Project with an additional phase or phases, as set forth in the Certificate of Ownership Merger, as provided in the Declaration of Merger referred to in Section S of the Declaration.
Notwithstanding anything to the contrary contained in these By-Laws, in the event that the Project is merged with an additional phase or phases as provided in the Declaration of Merger referred to in Section S of the Declaration, a new Board of Directors of the Association as reconstituted by such merger, shall be elected to replace the existing Board, at the meeting called and held pursuant to Article II, Section 4 of these By-Laws.