Strata Lots definition
Examples of Strata Lots in a sentence
The Seller may rescind the Contract of Purchase and Sale and Addendum(s), if any, up to and including the day of , if the Seller has not sold, in the Seller’s sole discretion, sufficient Strata Lots.
The Sub- Committee shall be entitled to all rights and powers of the Executive Committee for the collection of such additional contributions, including, without limitation, through the sale of any Strata Lots which do not contribute their prorata share of the contributions set forth in the Shared Budget as provided in the Act.
The provisions of this Article 16 apply only to the tenancy of the Cascades Lands Strata Lots and not to the tenancy of the Cascades Office Building Lands.
The Tenant may only construct an Expansion Facility on the Cascades Lands Strata Lots or Common Property (including the Limited Common Property) in accordance with and subject to Section 2.2, if and to the extent permitted to do so under the Strata Property Laws and the Bylaws.
Except to Landlord’s Mortgagee (or its designee), the Landlord shall not assign, delegate or otherwise grant any power, duty or right, including a voting right, to any Person, including without limitation a mortgagee, that conflicts with or derogates from the terms of the Cascades Lands Strata Lots Landlord’s Assignment [NTD: if an Event of Default exists, voting must revert to Landlord (or its designee) upon Landlord’s election].
The Developer agrees to procure and the Owner will transfer the Commercial Strata Lots to the Council at no cost to Council as set out in clause 5.3 and free of all encumbrances and the Council agrees to accept the transfer of the Commercial Strata Lots to be used by the Council for the Public Purpose.
The Purchaser will pay all taxes, rates, local improvement assessments, maintenance payments and other charges pertaining to the Strata Lots on the Completion Date, and all incoming and outgoings of whatsoever nature will be made from and including the Completion Date.
Where applicable, the terms of this Agreement will survive the Completion Date, the closing of the transaction contemplated herein and will not merge in the sale and transfer of the Strata Lots.
The appointment will continue thereafter for subsequent renewal terms of five years (each a “Renewal Term”), unless the Owner together with three-quarters of all owners of Residential Strata Lots who have entered into this or similar agreements with the Corporation elect to terminate the appointment, by written notice given between six months and twelve months before the end of the Term or then current Renewal Term.
The Purchaser agrees to purchase from the Vendor and the Vendor agrees to sell to the Purchaser the proposed strata lots described as: & (TBD) Unit numbers Strata Lots , Squamish, British Columbia, being proposed (the "Strata Lots").