Amendment of Master Deed Sample Clauses

Amendment of Master Deed. Any such expansion of this Condominium Project shall be given effect by appropriate amendments to this Master Deed in the manner provided by law, which amendments shall be prepared by and at the discretion of the Developer and in which the percentages of value set forth in Article V hereof shall be proportionately readjusted when applicable in order to preserve a total value of 100% for the entire Project resulting from such amendments to this Master Deed. The precise determination of the readjustments in percentages of value shall be made within the sole judgment of the Developer. Such readjustments, however, shall reflect a continuing reasonable relationship among percentages of value based upon the original method of determining percentages of value for the Project.
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Amendment of Master Deed. The changes in units in the common elements, in the ownership of the common elements, and in shares of liability for common expenses which are effected by eminent domain shall be evidenced by an amendment to the Master Deed which need be approved only by a majority of all Directors of the Association.
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Amendment of Master Deed. This Master Deed may be amended by a majority of votes so long as the Sponsor is the owner of one or more Units. At such time as the Sponsor is no longer the owner of one or more Units, it is specifically provided that this Master Deed may only be amended by the vote of the owners of at least 75% of all Units within the Condominium cast in person at a meeting duly held in accordance with the provisions of the By- Laws of the Association provided, however, that any such material amendment shall have been approved in writing by each bank, mortgage banker or other institutional lender of a first mortgage lien on any Unit, which approval shall not be unreasonably withheld. No amendment shall be effective until recorded in the Office of the Clerk of Monmouth County, New Jersey. This paragraph is in supplement to and not in derogation of the powers of amendment reserved to Sponsor pursuant to paragraph 8 hereof and in case of any conflict between them, the least restrictive provision shall apply.
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Amendment of Master Deed. Subject to the limitation in Section 3.2 above regarding Permits and Approvals, this Master Deed may be amended upon the written consent of the Unit Owners holding at least seventy-five percent (75%) of the Undivided Interest herein, by an instrument signed and acknowledged by a majority of the Trustees of the Trust, and duly recorded with the Registry of Deeds, provided, however, that: (A) All consents necessary thereto have been obtained within six (6) months of the date of signature of the first consent, and (a) any consent once given during this period may not have been revoked, and (b) in the case that a Unit is sold prior to the conclusion of this period, such consent shall bind the purchasing Unit Owner. (B) No instrument of amendment which alters the dimensions or permitted use of any Unit shall be of any force or effect unless the same has been signed by the Owner of the Unit so altered and the same has been assented to in writing by all holders of all mortgages of record on said Unit; (C) No instrument of amendment which alters the Undivided Interest of any Unit shall be of any force or effect unless the same is consented to by the Owners of such Unit and the same has been assented to in writing by all holders of all mortgages of record on such Unit, except as otherwise provided in Section 13 above; (D) No instrument of amendment which alters the percentage of Undivided Interest of all Units shall have any force or effect unless consented to by all Unit Owners and their respective mortgagees, except as otherwise provided in Section 13 above; (E) No instrument of amendment directly affecting any Unit upon which there is a mortgage of record shall be of any force or effect unless the same has been assented to in writing by the holder of such mortgage (or mortgages if more than one), except as otherwise provided in Section 13 above; (F) No instrument of amendment affecting a Unit which impairs the security of a mortgage of record upon such Unit shall be effective without the assent of all holders of such mortgages of record; (G) No instrument of amendment which alters this Master Deed in any manner which would render it contrary to or inconsistent with any requirements or provisions of Chapter 183A shall be of any force or effect; (H) No instrument that alters, modifies or otherwise affects and/or conflicts with (a) the terms of the Age Restriction and/or the Conservation Restriction, (b) any rights granted to or held by the Town of Wenham hereunder...
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Amendment of Master Deed. Seller shall have the right, but not the obligation, to enter into, or cause 00 Xxxxxxxxx Xxxxx Condominium Association, LLC to enter into, an amendment of the Master Deed substantially in the form attached hereto as Exhibit C. Purchaser shall not unreasonably withhold, condition or delay its consent to any modifications of the amendment of the Master Deed attached hereto as Exhibit C. Any notice of disapproval of any such modifications shall set forth the reasons that such modifications are not acceptable to Purchaser and proposed revisions which will render such modifications acceptable to Purchaser. If Purchaser fails to disapprove any proposed modifications of the amendment of Master Deed within five (5) Business Days after notice from Seller, then Purchaser shall be deemed to have approved such modifications. Seller shall have the right, but not the obligation, on or before the Closing Date to record an amendment of the Master Deed in accordance with this Section 7.2 in the Somerset County Clerk's Office. In the alternative, Seller shall have the right, but not the obligation, to deliver an amendment of the Master Deed in accordance with this Section 7.2 to Escrow Agent at the Closing, whereupon Purchaser shall cause Escrow Agent to record such amendment of the Master Deed in the Somerset County Clerk's Office prior to recordation of the Deed.
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Amendment of Master Deed. This Master Deed may be amended by the vote of at least 66 2/3% in number in common interest of all Unit Owners, cast in person or by proxy at a meeting duly held in accordance with the provisions of the By-laws, or in lieu of a meeting, any amendment may be approved in writing by 66 2/3% in number and in common interest of all Unit Owners, PROVIDED, HOWEVER, that: Without the consent of any Unit Owner (a) the Grantors, or their successors in title to Phase II, being Lot 1 with the buildings thereon shown on The Village Condominium Plan, may at any time prior to December 31, 1972, amend this Deed so as to subject all of said Phase II to the provisions of Massachusetts General Laws, Chapter 183A and (b) if said Phase II is so subjected, the Grantors or their successors in title to Phase III, being Lot 3 with the buildings thereon shown on said Plan, may at any time prior to December 31, 1974, amend this Deed so as to subject all of said Phase III to the provisions of Massachusetts General Laws, Chapter 183A. Any such amendment shall contain with respect to Phases II or III referred to therein all of the particulars required by said Chapter 183A and from and after the recording of such amendment or amendments the Condominium shall include said Phase II or said Phases II and III. The Phase II and Phase III buildings are existing garden type apartment buildings containing, respectively, 88 units and 124 units. The buildings included in Phase II are as follows: K 8 97-104 L 00 000-000 M 00 000-000 N 0 000-000 O 00 000-000 P 0 000-000 Q 00 000-000 R 0 000-000 S 0 000-000 The buildings included in Phase III are as follows: The owners of each unit in Phases II and III shall be entitled to an undivided interest in the Common Elements in the percentage set forth in Schedule B attached hereto and made a part hereof. The approximate area of each Unit in Phases II and III will be set forth in an amendment or amendments to this Master Deed creating such phase or phases. Each Unit in Phase II and Phase III except Units 143 and 150 contains 5 rooms on 2 floors and an open basement. Units 143 and 150 each contain 6 rooms on 2 floors and an open basement. The layout of each Unit in Phase II and Phase III and the location of the rooms are as shown on the floor plans thereof to be recorded, respectively, with the amendment creating Phase II and the amendment creating Phase III. The common areas to which each Unit has access are the land immediately adjacent thereto, including...
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Amendment of Master Deed. Modifications to Convertible Areas within this Condominium Project shall be given effect by an appropriate amendment to the Master Deed in the manner provided by law, which amendment shall be prepared by and at the discretion of the Developer or its successors, and in which the percentages of value set forth in Article V hereof shall be proportionately readjusted in order to preserve a total value of 100 for the entire Project resulting from such amendment or amendments to this Master Deed. The precise determination of the readjustments in percentages of value shall be made within the reasonable judgment of Developer based on relative, approximate area of each Unit. Such readjustments, however, shall reflect a continuing reasonable relationship among percentages of value based upon the method of original determination of percentages of value for the Project.
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Amendment of Master Deed. (A) This Master Deed may be amended by: (i) vote of the Unit Owners entitled to not less than seventy-five percent (75%) of the undivided interests in the Common Areas and Facilities;
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Amendment of Master Deed 
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Related to Amendment of Master Deed

  • Amendment of Contract This agreement contains the whole of the agreement between the Company and the Consultant and there are no other warranties, representations, conditions or collateral agreements except as set forth in this agreement. Any modification to this agreement must be in writing and signed by the parties hereto or it shall have no effect and shall be void.

  • Amendment of Agreement This Agreement may be amended only by written agreement of the Adviser and the Sub-Adviser and only in accordance with the provisions of the 1940 Act and the rules and regulations promulgated thereunder.

  • Amendment and Supplement Any amendment and supplement of this Agreement shall come into force only after a written agreement is signed by both parties. The amendment and supplement duly executed by both parties shall be part of this Agreement and shall have the same legal effect as this Agreement.

  • Amendment to Loan Agreement Subject to satisfaction of the conditions precedent set forth in Section 4 below, the Loan Agreement is hereby amended as follows:

  • Amendment of Lease This lease may be amended only by an instrument in writing signed by Landlord and Tenant.

  • Amendment of Plan The Board of Directors may amend the Plan with respect to all Participating Companies or with respect to a particular Participating Company at any time, and from time to time, pursuant to written resolutions adopted by the Board of Directors (and all Employees and persons claiming any interest hereunder shall be bound thereby); provided, however, that no such amendment shall: (a) Alter the rights, duties or responsibilities of the Named Fiduciary or Trustees without their written consent; (b) Permit any portion of the Trust Fund to inure to the benefit of the Company or permit any portion of the Trust Fund to be held or used other than for the exclusive purpose of providing benefits to Participants and their Beneficiaries and defraying reasonable costs of administering the Plan; or (c) Have the effect of decreasing the “accrued benefit” of any Participant as proscribed in Section 411(d)(6) of the Code; (d) Have the effect of reducing any then vested percentage of benefits of any Participant as computed in accordance with the vesting schedule under Article VII of the Plan. If the vesting schedule under Article VII of the Plan shall be amended and such an amendment would, at any time, decrease the percentage of vested benefits which any Participant would have been entitled to receive had the vesting schedule not been so amended, then each Participant who is an Employee on the date such amendment is adopted, or the date such amendment is effective, whichever is later, and who has three (3) or more Periods of Service as of the end of the period within which such Participant may make the election provided for herein, shall be permitted, beginning on the date such amendment is adopted, to irrevocably elect to have the Participant’s vested interest computed without regard to such amendment. Written notice of such amendment and the availability of such election must be given to each such Participant, and each such Participant shall be granted a period of sixty (60) days after the later of: (1) The Participant’s receipt of such notice; or (2) The effective date of such amendment within which to make such election. Such election shall be exercised by the Participant by delivering or sending written notice thereof to the Named Fiduciary prior to the expiration of such sixty (60) day period.

  • Amendment, Etc No amendment, modification or waiver of any provision of this Indenture relating to any Guarantor or consent to any departure by any Guarantor or any other Person from any such provision will in any event be effective unless it is signed by such Guarantor and the Trustee.

  • AMENDMENT AGREEMENT The Global Custody Agreement of January 3, 1994, (the “Custody Agreement”), as amended from time to time, by and between each of the Entities listed in Schedule A, as amended thereto, severally and not jointly (each such entity referred to hereinafter as the “Customer”) and JPMorgan Chase Bank, whose contracts have been assumed by JPMORGAN CHASE BANK (the “Bank”) is hereby further amended, as of April 21, 2011 (the “Amendment Agreement”). Terms defined in the Custody Agreement are used herein as therein defined.

  • Amendment of PHI Business Associate shall make any amendments to PHI in a Designated Record Set that Covered Entity directs or agrees to pursuant to 45 CFR § 164.526, whether at the request of Covered Entity or an Individual. Business Associate shall make such amendments in the time and manner reasonably designated by Covered Entity. Within three (3) business days, Business Associate shall forward to Covered Entity for handling any request for amendment to PHI that Business Associate directly receives from an Individual.

  • Amendment to Lease If Tenant timely exercises Tenant’s right to lease the Availability Premises or any portion thereof as set forth herein, then, within fifteen (15) days thereafter, Landlord and Tenant shall execute an amendment adding such Availability Premises to this Lease upon the same terms and conditions as the Initial Premises, except as otherwise set forth in this Section 1.4 or the Availability Notice, and provided that the terms of the Tenant Work Letter shall not apply with respect to the Availability Premises (except as otherwise provided in Section 1.4.5, above); provided, however, an otherwise valid exercise of Tenant’s right of availability shall be of full force and effect irrespective of whether such amendment is ever signed by Landlord and Tenant. Except to the extent inconsistent with the determination of Availability Premises Rent, all provisions of the Lease which vary based upon the rentable and usable square footage of the Premises shall be adjusted to reflect the addition of such Availability Premises to the Premises; provided, however, the L-C Amount shall be increased pursuant to the terms of Section 21.7 of this Lease, below. The rentable square footage of such Availability Premises shall be determined in accordance with the terms of Section 1.2 of this Lease. To the extent Tenant exercises its right of first offer with respect to any portion of the Availability Premises during the first (1st) year after the Lease Commencement Date, Tenant shall commence payment of Availability Premises Rent and Excess as to such space to Landlord upon that date (the “Availability Premises Rent Commencement Date”) which is two hundred ten (210) days after the later of the delivery date set forth in the Availability Notice and the date Landlord delivers the Availability Premises in the Delivery Condition (the “Availability Premises Lease Commencement Date”). To the extent Tenant exercises its right of availability with respect to any portion of the Availability Premises anytime after the first (1st) anniversary of the Lease Commencement Date, the Availability Premises Rent Commencement Date shall occur one hundred eighty (180) days after the Availability Premises Lease Commencement Date. In all cases, the lease term of the Availability Premises (or any portion thereof) shall expire on the Lease Expiration Date, subject to extension of this Lease; provided, however, in the event the remaining Lease Term is less than thirty-six (36) months from the applicable Availability Premises Rent Commencement Date, then the Lease Term shall be extended for a period of time sufficient for Tenant’s lease of the Premises to be coterminous with Tenant’s lease of the Availability Premises (which shall be thirty-six (36) months from the applicable Availability Premises Rent Commencement Date), and the base rental rate for the Premises during this extended period shall be adjusted to Market Rent for the Premises determined in accordance with Section 2.2.4 and the Base Year shall be the year in which the Lease would have otherwise expired (if on or before July 31) or the following year (if after July 31). This extension shall have no impact on Tenant’s extension rights hereunder, which may be exercised at the end of the extended Lease Term. This Lease shall commence as to the Availability Premises (and references to Premises shall include the applicable Availability Premises) on the Availability Premises Lease Commencement Date.

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