Examples of Benefited Property in a sentence
To the extent an Excluded User agrees to be obligated to pay its share of maintenance and repair expenses under this Declaration, the Managing Owner shall revise Schedule 4 (without the need for a formal amendment to this Declaration) to proportionately reduce the percentage for which each Owner of the Benefited Property is responsible for maintenance and repair expenses under this Declaration based upon such new allocation.
No failure to invoice or delay in invoicing shall constitute a waiver of the Managing Owner s right to invoice each Owner of the Benefited Property for such Owner s share of all amounts due hereunder.
The Managing Owner shall deposit all funds to be held as reserves in an interest bearing escrow account ( Escrow Account ) established at Chicago Title Insurance Company of Oregon ( CTI ), which shall be designated as the escrowee and which shall be paid an annual fee to maintain the escrow account pursuant to escrow instructions executed by the Owners of Benefited Property.
If CTI should refuse to act as escrowee hereunder, the Owners of the Benefited Property shall cause a new entity to be appointed to serve as escrowee.
Declarant reserves a perpetual non-exclusive easement for the Owners of the Benefited Property to install, operate, maintain, repair and replace utility lines under, across and within Tract A, provided such utility lines do not materially interfere with or violate any restrictions, easements or other agreements affecting Tract A.