Project Declaration definition
Examples of Project Declaration in a sentence
Further, the terms and covenants of this Section are supplemental to and are not substituted for the covenants, conditions, and restrictions set forth in the Project Declaration.
At Closing, Purchaser shall pay to the Association an amount equal to three months’ regular assessments as a working capital contribution in the manner described in the Project Declaration.
Purchaser acknowledges that the Project Declaration sets forth the insurance coverage responsibilities governing the Property and accepts same.
Purchaser acknowledges that any patios, decks, driveways, and entry sidewalks serving the Residence will be located on portions of the common areas of the Project and identified as limited common area for use solely by the owner of the Residence in the Project Declaration.
Purchaser acknowledges that as owner of the Property, Purchaser shall be subject to the provisions of and restrictions contained in the Project Declaration and the Plat, shall automatically become a member of the owners’ association established for the Project under the Project Declaration (the “Association”), will be required to pay assessments to the Association, and shall be governed by the Association’s articles of incorporation, bylaws, and rules and regulations from time to time in effect.
IMPORTANT NOTICE: Seller and Purchaser agree to be bound by the Alternative Dispute Resolution Procedures set forth in Article 18 of the Project Declaration delivered to Purchaser prior to Purchaser’s execution of this Agreement as acknowledged in Section 7(c) above (the “Procedures”), which Procedures are also attached to this Agreement as Exhibit E and hereby fully incorporated into this Agreement by this reference.
Without limiting the foregoing, Landlord shall not be liable to Tenant, and Tenant shall not be entitled to any abatement of Rent, as a result of a person or entity exercising its rights under the Project Declaration.
Purchaser acknowledges that as owner of the Unit, Purchaser shall be subject to the provisions of and restrictions contained in the Project Declaration and the Map, shall automatically become a member of the owners’ association established for the Project under the Project Declaration (the “Association”), will be required to pay assessments to the Association, and shall be governed by the Association’s articles of incorporation, bylaws, and rules and regulations from time to time in effect.
Further, the terms and covenants of this Section are supplemental to and are not substituted for the covenants, conditions, and restrictions set forth in the Project Declaration and/or the Master Declaration.
At Closing, Purchaser shall pay to the Association and to the Master Association each an amount equal to three months’ regular assessments as a working capital contribution in the manner described in the Project Declaration and the Master Declaration.