Common use of HOMEOWNERS ASSOCIATION Clause in Contracts

HOMEOWNERS ASSOCIATION. Developer will create detailed Deed Restrictions and a homeowner’s association (“HOA”) that will enforce the restrictions set forth herein. In the event Owner's Association becomes insolvent or fails to maintain proper documentation and filings with the State of Texas as required and loses its authority to operate and transact business as a property owner's association in the State of Texas then the City shall have the right to but is not obligated to enforce deed restrictions and other matters as set forth in this agreement and shall have all authority granted to the Association by virtue of this document and related Property Owner's Association Bylaws including but not limited to the authority to impose and collect maintenance fees and other necessary fees and assessments to further the upkeep of subdivision improvements as stipulated herein and as deemed necessary by the City.

HOMEOWNERS ASSOCIATION. Developer will create detailed Deed Restrictions and a homeowner’s association (“HOA”) that will enforce the restrictions Deed Restrictions set forth herein. In the event Owner's Association the HOA becomes insolvent or fails to maintain proper documentation and filings with the State of Texas as required and loses its authority to operate and transact business as a property owner's ’s association in the State of Texas Texas, then the City shall have the right to to, but is not obligated to to, enforce deed restrictions the Deed Restrictions and other matters as set forth in this agreement Agreement and shall have all authority granted to the Association HOA by virtue of this document and related Property Owner's ’s Association Bylaws including Bylaws, including, but not limited to to, the authority to impose and collect maintenance fees and other necessary fees and assessments to further the upkeep of subdivision improvements as stipulated herein and as deemed necessary by the City.