ASSOCIATION PROPERTY. Upon each of Seller’s conveyances of a Condominium in the Project to a Buyer, such Buyer shall receive (i) an exclusive fee interest in the space and improvements within a the specific Condominium Unit (“Unit”) purchased by Buyer; and (ii) an undivided fee ownership interest (held in common with all other Owners of Condominium Units in the Project) in a defined strip of airspace above the Unit (as defined in the Condominium Plan for the Project). As a Condominium Owner, Buyer shall also receive a membership in the Campus View II Maintenance Corporation. The Association has entered into a ninety-nine (99) year Ground Lease with Seller whereby the Association will own a leasehold interest in the Condominium Buildings, the land upon which the Condominium Project is located, and all of the other improvements located within and on the Project exclusive of any Units (collectively, the “Association Property”). The Association’s leasehold interest in the Association Property as described herein, has been conveyed to the Association subject to all of the terms and conditions of the Association Ground Lease and all of the Project Documents.
ASSOCIATION PROPERTY. Appropriate additional policy provisions, policies or endorsements extending the applicable portions of the coverage described above to all Association Property, where such coverage is available.
ASSOCIATION PROPERTY. The Association Property consists of:
ASSOCIATION PROPERTY. All funds and the title to all properties acquired by the Association and their proceeds shall be held for the benefit and use of the members in accordance with the provisions of the Declaration, these Articles and the By-Laws.
ASSOCIATION PROPERTY. Employees may not remove any property owned by the Association, including intellectual property (including intellectual property created by the employee as a result of their employment with the employer) from the premises without the prior consent of the General Manager. On termination of employment, employees are to return all of the Association’s property in their possession including copies of the same.
ASSOCIATION PROPERTY. The Association Property is planned to consist of: (a) the property indicated on the Plat and Additional Plat(s), if any, as Association Property or as property or easements reserved for, dedicated or granted to the Association, (b) all the property indicated on the Plat as Tracts A, B, C, D and E; (c) any easements assigned or granted by Declarant to the Association or property or facilities conveyed by Declarant or others to the Association; and
ASSOCIATION PROPERTY. (a) All corporate books and records, accounts, files, agreements, computer programs and software licensed to the Association, electronic records, computer data, correspondence and all other related records shall be the property of KCSA and shall be considered confidential and proprietary to the Association and shall be available to the Board for inspection during business hours upon reasonable notice. (Members of the Association who are not current directors serving on the Board shall be subject to the Associations policies regarding the Inspection of Books and Records).
ASSOCIATION PROPERTY. Association Property includes that property real and personal, in which title or ownership is vested in the Association for the use and benefit of its members. Concurrently with the submission of this Condominium to the condominium form of ownership, Developer herein has submitted to condominium ownership, an undivided 40/136th interest in the Community Facilities.
ASSOCIATION PROPERTY. The Association may acquire real or personal property, or interests therein, for the common use or benefit of all of the Owners. The Association shall accept title to any real or personal property, or interests therein, transferred to the Association by the Developer for the common use or benefit of all of the Owners. The Association shall manage, operate, care for, maintain and repair any and all property, or interests therein, held by the Association, and shall keep them in a safe, attractive and desirable condition for the use and enjoyment of the Owners. The Association shall pay any and all ad valorem taxes and other governmental assessments levied upon the Association’s property. To the extent deemed desirable by the Board, the Association shall obtain and keep in full force and effect at all times, to the extent reasonably obtainable, casualty, fire and extended coverage insurance with respect to insurable improvements and personal property owned by the Association.
