Amendment of Master Deed and Modification of Percentages of Value. Such consolidation, contraction, or conversion of the 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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Samples: Master Deed, Master Deed
Amendment of Master Deed and Modification of Percentages of Value. Such consolidation, contraction, or conversion The expansion of the Condominium Project shall be given effect by appropriate effective upon the recordation of one or more amendments to this Master Deed in a form satisfactory to the manner provided by lawDeveloper, which amendments in its discretion. Each such amendment to the Master Deed shall be prepared by and at proportionately re-adjust the discretion of the Developer and in which the percentages percentage of value set forth in Article V hereof shall be proportionately readjusted when applicable V, in order to preserve reflect a total value of one hundred (100% %) percent for the entire Project resulting from such amendments Condominium Project, as expanded pursuant to the applicable amendment 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 readjustmentsHowever, however, such re-adjustments shall reflect a continuing reasonable relationship among percentages of value based upon the original method of determining originally used by the Developer to determine percentages of value for the Project.
Appears in 1 contract
Samples: Master Deed
Amendment of Master Deed and Modification of Percentages of Value. Such consolidation, contraction, or conversion of the in 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 shall provide that 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.
Appears in 1 contract
Samples: Master Deed