Definitions of Property and Developer Sample Clauses

Definitions of Property and Developer. With respect to each Lot, the term “Property” as used in this Agreement shall, after division of the property into Lot 1 and Lot 2, mean and refer only to that Lot. Except as provided in Section 13.1.6 below, the term “Developer” as used in this Agreement shall, after issuance of the Certificate of Occupancy for the Project, mean and refer only to the owner(s) of Lot 1 and references to the owner(s) of Lot 2 shall thereafter mean and refer only to the Residential Condominium Owners or Residential Association, as specified in this Agreement.
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