General Limitations on Contracts the Board May Make. The Board may not make a contract to furnish goods or services for a period longer than one (1) year, unless the Owners are first given a chance to vote on the contract and a majority of all the Owners do not vote against the contract. This rule will not apply to: (i) the management contract and any management subcontract; (ii) any contract for utility services; (iii) insurance policies; (iv) a lease of Common Furnishings
Appears in 3 contracts
Samples: Owners Agreement, Owners Agreement, Owners Agreement
General Limitations on Contracts the Board May Make. The Board may not make a contract to furnish goods or services for a period longer than one (1) year, unless the Owners are first given a chance to vote on the contract and a majority of all the Owners do not vote against the contract. This rule will not apply to:
(i) the management contract and any management subcontract;
(ii) any contract for utility services;
(iii) insurance policies;
(iv) a lease of Common Furnishings; and
Appears in 1 contract
Samples: Owners Agreement
General Limitations on Contracts the Board May Make. The Board may not make a contract to furnish goods or services for a period longer than one (1) year, unless the Owners are first given a chance to vote on the contract and a majority of all the Owners do not vote against the contract. This rule will not apply to:
: (i) the management contract and any management subcontract;
; (ii) any contract for utility services;
; (iii) insurance policies;
; (iv) a lease of Common Furnishings; and
Appears in 1 contract
Samples: Owners Agreement
