Amendment by Declarant Sample Clauses
The "Amendment by Declarant" clause grants the declarant—the party who originally established the governing document—the unilateral authority to modify, add to, or remove provisions within that document. Typically, this power is exercised during the early stages of a development or project, before control transitions to an association or other stakeholders, and may be subject to certain limitations such as time frames or the requirement that amendments do not materially affect the rights of others. The core function of this clause is to provide flexibility for the declarant to address unforeseen issues or make necessary adjustments without requiring the consent of other parties, thereby streamlining the process of managing and finalizing the governing documents.
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Amendment by Declarant. Until such time as Declarant ceases to be ---------------------- a Class B Member, Declarant specifically reserves for itself, its successors and assigns, the absolute and unconditional right to alter, modify, change, revoke, rescind or cancel any or all of the restrictive covenants contained in this Declaration by filing, in the real property records, an amendment to the Declaration. The Declarant is not required to send out notices or conduct a meeting in order to amend the Declaration under this Section.
Amendment by Declarant. The Declarant reserves the right to amend these restrictive covenants at any time in his sole discretion until all of the property area subject to these restrictions is sold by the Declarant.