First Annual Meeting. First Annual Meeting" means the initial meeting at which non-developer Co-owners are permitted to vote for the election of all Directors and upon all other matters that properly may be brought before the meeting. Such meeting is to be held (a) in the Developer's sole discretion after 50% of the Units that may be created are conveyed, or (b) mandatorily within (i) 54 months from the date of the first Unit conveyance, or
First Annual Meeting. The first annual meeting of the members of the Association may be convened only by the Developer and may be called at any time after the tenth unit has been sold and the purchaser thereof qualified as a member of the Association. In no event, however, shall such meeting be called later than one hundred twenty (120) days after the conveyance of legal title or equitable title to nondeveloper co-owners of the tenth unit has been sold, or fifty-four (54) months after the conveyance of legal or equitable title to nondeveloper co-owners of the units in the project, which ever occurs first. The date, time and place of such meeting shall be set by the Board of Directors, and at least ten (10) days written notice thereof shall be given to each co-owner.
First Annual Meeting. “First Annual Meeting” means the first meeting of the Association at which Co-owners unaffiliated with the Developer are permitted to vote for the election of directors and upon all other matters which may properly be brought before the meeting. The First Annual Meeting may be held in the Developer’s sole discretion after certificates of occupancy have been issued for condominium residences on one half (1/2) of the units in the Project. The First Annual Meeting shall be held: (i) after the expiration of fifty-four (54) months from the date of the sale of the first unit in the Condominium Project or (ii) after certificates of occupancy have been issued for condominium residences on one half (1/2) of all units in the Project, whichever comes first.
First Annual Meeting. The First Annual Meeting shall be called within one hundred twenty (120) days after certificates of occupancy have been issued for condominium residences on one half (1/2) of all Units in the Project or fifty-four (54) months after the sale of the first Unit in the Project, whichever first occurs. The Developer may call meetings of Co-owners for informative or other appropriate purposes before the First Annual Meeting but no such meeting shall be construed as the First Annual Meeting. The date, time and place of such meeting(s) shall be set by the Board of Directors and at least ten
First Annual Meeting. “First Annual Meeting” means the initial meeting at which non-developer Owners are permitted to vote for the election of Directors and upon all other matters that properly may be brought before the meeting. Such meeting is to be held (a) in Developer's sole discretion after fifty percent (50%) of the Units that may be created are sold, or (b) mandatorily within (i) fifty-four (54) months from the date of the first Unit conveyance, or (ii) one hundred twenty (120) days after seventy-five percent (75%) of all Units that may be created are sold, whichever first occurs.
First Annual Meeting. “First Annual Meeting” means the initial meeting at which non-Developer Co-owners are permitted to vote for the election or all directors and upon all other matters properly brought before the meeting. Such meeting is to be held: (a) in the Developer’s sole discretion, at any time after the conveyance of legal or equitable title to fifty (50%) percent of the Units which may be created; or (b) mandatorily, fifty-four (54) months after the date of the first conveyance of legal or equitable title to a Unit; or (c) mandatorily, not later than one hundred twenty (120) days after the conveyance of legal or equitable title to non- Developer Co-owners of seventy-five (75%) percent of the Units which may be created, whichever first occurs.
