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.
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.
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.
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;
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.
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:
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.
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: Building Letter Number of Units Unit Designation 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: Building Letter Number of Units Unit Designation T 00 000-000 U 00 000-000 V 00 000-000 W 00 000-000 X 00 000-000 Y 00 000-000 Z 00 000-000 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,...
Amendment of Master Deed
