NCA Declaration definition

NCA Declaration means, individually, each declaration of covenants recorded against the Commercial Property within each Block and providing for the collection of the NCA Charge from such property, and, collectively, all such declarations.
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Examples of NCA Declaration in a sentence

  • Developer and applicable Block Owners have executed and recorded against the Block the NCA Declaration for the Block providing for collection of the NCA Charge from that Block, with each such NCA Declaration to be in substantially the form of the NCA Declaration for Block C.

  • Under the recorded NCA Declaration and the various supplements and amendments thereto, NCA is authorized to manage the common elements and operations of the Northwoods Condominium Association community and to enforce the provisions of its governing documents.

  • The NCA Declaration shall provide for an annual NCA Charge based on assessed valuation (the “Assessed Valuation Charge”) and a NCA Charge based on the gross receipts of hotels operating with the Bridge Park NCA, each as further described in the NCA Petition.

  • Each NCA Declaration will provide that the Assessed Valuation Charge will first be collected during the earlier of (i) the first full calendar year after issuance of a certificate of occupancy for any portion of the Commercial Improvements to that Block and (ii) the first full calendar year that begins at least 24 months after the satisfaction of the Incentive Contingencies for that Block.