Unit Owner in Good Standing definition

Unit Owner in Good Standing means any Unit Owner against whom the Association does not hold an uncollected Delinquency Assessment or judgment, or who has not been notified of a continuing violation of the Planned Community Documents.
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Unit Owner in Good Standing means a unit owner who has paid any and all assessments and who is otherwise in compliance with the mandates and restrictions of the Planned Community as established by the Planned Community Documents.
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Unit Owner in Good Standing means a Unit Owner who is not delinquent for more than thirty (30) days in the payment of any amount owed to the Association, or a Unit Owner who has not been found by the Association or the Board of Directors to be in violation of the Governing Documents, as amended from time to time.
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Examples of Unit Owner in Good Standing in a sentence

  • Each "Unit Owner in Good Standing" shall have one vote per Unit owned at all meetings of Unit Owners.

  • N/A Without limiting the generality of the foregoing, each Unit Owner in Good Standing shall be entitled to vote at any meeting of members of each Association as set for the in the respective declarations and By-Laws thereto.

  • Each Unit Owner in Good Standing shall be entitled to vote a percentage of 100 based on the Owner’s Interval Estate Ownership Percentage in the Unit.

  • There shall be one vote cast per Unit owned by a Unit Owner in Good Standing.

  • Instead, more precision is needed in identifying exactly what is an attack under IHL, and what is not.


More Definitions of Unit Owner in Good Standing

Unit Owner in Good Standing means as of any given date, a Unit Owner (or ground lessee, as applicable) with respect to which or whom no monetary event of default under the Condominium Documents has occurred and is continuing at the time in question after any required notice and beyond all applicable cure periods. Whether or not so expressed, each reference in the Condominium Documents to a required vote of the Unit Owners, all such references shall mean the required proportionate vote of Unit Owners in Good Standing. If any Unit is owned by Declarant but subject to a Declarant Net Lease, the Declarant Net Lessee, and not Declarant or a Declarant Net Lessor, shall have the right to vote the Common Interest of such Unit to request a meeting under Section 3.3 hereof, to constitute a quorum under Section 3.9 hereof, and to vote such Common Interest at any meeting of Unit Owners. Following notice by Declarant or Declarant Net Lessor to the Board of Managers that an Event of Default has occurred under a Declarant Net Lease, the Declarant Net Lessee under such Declarant Net Lease may not thereafter exercise such rights, until further written notice is provided from Declarant or the Declarant Net Lessor to the Board of Managers that such voting rights and rights under Section 3.9 hereof have been reinstated.
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Related to Unit Owner in Good Standing

  • Member in Good Standing means a member in service who is not subject to removal by the employing city of the member pursuant to section 400.18 or 400.19, or other comparable process, and who is not the subject of an investigation that could lead to such removal. Except as specifically provided pursuant to section 411.9, a person who is restored to active service for purposes of applying for a pension under this chapter is not a member in good standing.

  • In good standing means a person who has not resigned or been suspended from membership or registration or had membership or registration revoked;

  • Good Standing means only that as of the date of this opinion the Company is up-to-date with the filing of its annual returns and payment of annual fees with the Registrar of Companies. We have made no enquiries into the Company’s good standing with respect to any filings or payment of fees, or both, that it may be required to make under the laws of the Cayman Islands other than the Companies Act.

  • Foreign limited liability company means an unincorporated entity formed under the law of a jurisdiction other than this state and denominated by that law as a limited liability company.

  • Limited Liability Company Interests means the entire limited liability company membership interest at any time owned by any Pledgor in any limited liability company.

  • Foreign limited liability limited partnership means a foreign limited partnership whose general partners have limited liability for the obligations of the foreign limited partnership under a provision similar to section 488.404, subsection 3.

  • Domestic limited liability company means an entity that is an unincorporated association having one or more members and that is organized under ORS chapter 63.

  • Limited Liability Company Assets means all assets, whether tangible or intangible and whether real, personal or mixed (including, without limitation, all limited liability company capital and interest in other limited liability companies), at any time owned or represented by any Limited Liability Company Interest.

  • Limited liability company means a limited liability company formed under Chapter 1705 of the Ohio Revised Code or under the laws of another state.

  • Professional limited liability company means a limited

  • Foreign limited liability partnership means a partnership that:

  • Member-managed limited liability company means a limited liability company that is not a manager-managed limited liability company.

  • Single member limited liability company means a limited liability company that has one direct member.

  • Manager-managed limited liability company means a limited liability company that is managed by

  • Foreign limited partnership means a partnership formed under laws other than of this state and having as partners one or more general partners and one or more limited partners.

  • Limited liability means that the liability of each shareholder is limited to the amount unpaid by the shareholder on the shares of the company (except in exceptional circumstances, such as involving fraud, the establishment of an agency relationship or an illegal or improper purpose or other circumstances in which a court may be prepared to pierce or lift the corporate veil).

  • Certificate of Limited Partnership means the Certificate of Limited Partnership of the Partnership filed with the Secretary of State of the State of Delaware as referenced in Section 7.2, as such Certificate of Limited Partnership may be amended, supplemented or restated from time to time.

  • Foreign entity means an entity other than a domestic entity.

  • Limited liability partnership or “LLP” shall mean a Company governed by Limited Liability Partnership Act 2008 or as amended;

  • Limited Partnership Interest means the ownership interest of a Limited Partner in the Partnership at any particular time, including the right of such Limited Partner to any and all benefits to which such Limited Partner may be entitled as provided in this Agreement and in the Act, together with the obligations of such Limited Partner to comply with all the provisions of this Agreement and of such Act.

  • Qualified Foreign Entity means a corporation, trust, association or partnership organized outside the

  • Limited Liability Company Agreement means the Amended and Restated Limited Liability Company Agreement of the Depositor, dated as of March 1, 2001, executed by Ford Credit, as sole member; or the Limited Liability Company Agreement of Ford Credit, dated as of April 30, 2007 and effective on May 1, 2007, as the context requires.

  • Limited Partner Interest means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the Partnership Interests of all Partners and includes any and all benefits to which the holder of such a Partnership Interest may be entitled, as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions of this Agreement. A Limited Partner Interest may be expressed as a number of Partnership Units (other than GP Units).

  • Locational UCAP Seller means a Member that sells Locational UCAP.

  • Utility Company means a municipal corporation or commission or a company or individual operating or using communications services, water services or sewage services, or transmitting, distributing or supplying any substance or form of energy for light, heat or power; (“entreprise de services publics”)

  • General Partnership Interest means a Partnership Interest held by the General Partner that is a general partnership interest.