Condominium and Timeshare Documents; Condominium Management Sample Clauses

Condominium and Timeshare Documents; Condominium Management. Buyer shall prepare and complete the Condominium Documents and the Timeshare Documents at its sole cost and expense. The Condominium Documents and the Timeshare Documents shall be prepared as separate sets of documents governing the Project; provided, however, the Timeshare Documents shall be subordinate to the Condominium Documents in all respects. The Condominium Documents shall include, without limitation, the provisions set forth on Exhibit H attached hereto. Buyer shall provide copies of all proposed Condominium Documents to Seller for its review on or before ninety (90) days after the Effective Date, and Seller shall have the right to approve the Condominium Documents, which approval shall be in Seller’s sole and absolute discretion. Seller and its lender shall be required to cooperate (and shall use commercially reasonable efforts to cause Owner and its lender to cooperate) with Buyer, at Buyer’s sole cost and expense, in connection with the preparation and recordation of the Condominium Documents and Buyer’s efforts to timely obtain all required governmental approvals of the Condominium Documents and the Timeshare Documents. At Buyer’s request, Seller shall sign any necessary documents, joinders or subordinations reasonably required to evidence its approval of the Condominium Documents and to obtain all required governmental approvals of the Condominium Documents and the Timeshare Documents. Seller shall use commercially reasonable efforts to obtain all necessary consents to such Condominium Documents at Closing, as required.
Sample 1
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Related to Condominium and Timeshare Documents; Condominium Management

  • Condominium Documents Mezzanine Lender shall have received copies of all Condominium Documents;

  • Condominium This Lease and all rights of Tenant hereunder are and shall be subject and subordinate in all respects to any condominium declaration and any other documents (collectively, the “Declaration”) which are or shall be recorded in order to convert the Land and the improvements erected thereon to a condominium form of ownership in accordance with the provisions of Article 9-B of the Real Property Law, or any successor thereto, provided the Declaration does not include other terms which increase Tenant’s obligations (in any material respect) or decrease Tenant’s rights (in any material respect). If any such Declaration is to be recorded, Tenant, upon the request of Landlord, shall enter into an amendment of this Lease confirming such subordination and modifying the Lease in such respects as shall be necessary to conform to such condominiumization, including, without limitation, appropriate adjustments to Tenant’s Tax Share and Tenant’s Operating Share and appropriate reductions in the Operating Expenses for the Base Operating Year and the Base Tax Amount; provided, that, such amendment shall not reduce Tenant’s rights or increase Tenant’s obligations under this Lease (in either case in any material respect) or increase Tenant’s monetary obligations under the Lease.

  • Condominiums If the Mortgaged Property is a condominium unit or a planned unit development (other than a de minimis planned unit development), or stock in a cooperative housing corporation, such condominium, cooperative or planned unit development project meets the eligibility requirements of Fxxxxx Mxx and Fxxxxxx Mac.

  • Landlord’s Title Landlord’s title is and always shall be paramount to the title of Tenant. Nothing herein contained shall empower Tenant to do any act which can, shall or may encumber the title of Landlord.

  • Landlord and Storage Agreements Upon request, provide Agent with copies of all existing agreements, and promptly after execution thereof provide Agent with copies of all future agreements, between an Obligor and any landlord, warehouseman, processor, shipper, bailee or other Person that owns any premises at which any Collateral may be kept or that otherwise may possess or handle any Collateral.

  • Property Management Agreement The Property Management Agreement is in full force and effect and, to Borrower's Knowledge, there are no defaults thereunder by any party thereto and no event has occurred that, with the passage of time and/or the giving of notice would constitute a default thereunder.

  • Project The Land and all improvements thereon, including the Building, the Parking Facilities, and all Common Areas.

  • Ground Lease Reserved.

  • CC&Rs Tenant shall comply with all recorded covenants, conditions, and restrictions currently affecting the Project. Additionally, Tenant acknowledges that the Project may be subject to any future covenants, conditions, and restrictions (the “CC&Rs”) which Landlord, in Landlord’s discretion, deems reasonably necessary or desirable, which do not materially adversely affect Tenant’s rights, or materially increase Tenant’s obligations under this Lease, and of which Tenant is given prior written notice, and Tenant agrees that this Lease shall be subject and subordinate to such CC&Rs. Landlord shall have the right to require Tenant to execute and acknowledge, within fifteen (15) business days of a request by Landlord, a “Recognition of Covenants, Conditions, and Restriction,” in a form substantially similar to that attached hereto as Exhibit I, agreeing to and acknowledging the CC&Rs.

  • Premises Building Project and Common Areas 1.1 Premises, Building, Project and Common Areas.

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