Master Association. Purchaser acknowledges that the Master Association is responsible for the management, maintenance and operation of significant areas within Snowmass Base Village, including generally, without limitation, walkways and driveways within Snowmass Base Village, the Base Village plaza areas and ice rink, snowmelt systems serving any of its areas of responsibility, exterior landscaped areas within Snowmass Base Village, the Base Village Central Plant and the residential portions of the Base Village Parking Garage, among other areas of responsibility.
Master Association. Purchaser also acknowledges that as owner of the Unit, Purchaser shall be subject to the provisions and restrictions contained in the Master Declaration, shall automatically become a Riverfront Residential Member of the owners' association established pursuant to the Master Declaration (the “Master Association”) and shall be governed by the Master Association’s articles of incorporation, bylaws, and rules and regulations from time to time in effect. These documents require, among other things, membership by Purchaser in the Master Association and payment of assessments to the Master Association independent of those to be paid to the Association.
Master Association. Borrower shall submit all existing or proposed documentation (the “Master Association Documents”) intended or necessary to subject the Land and Improvements to a master association (the “Master Association”) to Lender for Lender’s review and approval concurrently with Borrower’s submission of the Master Association Documents to any governmental authority required to review and approve the Master Association Documents as a precondition to creation of the Master Association. Once the Lender has approved the Master Association Documents, which approval shall not be unreasonably withheld, delay, or conditioned, the Lender shall consent to and/or execute such Master Association Documents as are required of the Lender, in its capacity as the holder of a security interest in the Mortgaged Property, to facilitate the Borrower’s establishment of a Master Association for the Project under the laws of the Commonwealth of Virginia.
Master Association. Xxxxxxx acknowledges and agrees that the Development Property will be subject to the Master Association and will thereby be subject to payment of certain periodic association dues for the costs of operating and maintaining each component of Public Open Space. Xxxxxxx will execute such agreement, consents, and joinders as necessary to establish the Master Association and bind the Development Property to the Master Association. The Master Association will formed and operated as required by Section 2.2(a)(iii) of the Redevelopment Agreement and as otherwise determined by Developer in its discretion, including the requirement that the Master Association organizational documents establish a tiered fee structure in which the association fees are allocated to the properties consisting of Lots 1 and 2, Block 2; Xxx 0, Xxxxx 0; Xxx 0, Xxxxx 10; Xxx 0, Xxxxx 00; Xxx 0, Xxxxx 00; Xxx 0, Xxxxx 16; Xxx 0, Xxxxx 00; Xxx 0, Xxxxx 22; Xxx 0, Xxxxx 00; Xxx 0, Xxxxx 28 (all as set forth the original Plat) at a ratio of 2:1 relative to the association fees allocated to the other Lots in the Redevelopment Area.
Master Association. “Master Association” shall have the meaning ascribed in the Master Declaration.
Master Association. Buyer understands that the Project is part of a larger development know as “Empire Pass.” Buyer acknowledges that as Owner of the Condominium, Buyer shall be subject to the provisions and restrictions contained in the Master Declaration, shall automatically become a member of the Empire Pass Homeowners Association established pursuant to the Master Declaration (the “Master Association”) and shall be governed by the Master Association’s articles of incorporation, bylaws, and rules and regulations from time to time in effect. These documents require, among other things, the payment of assessments to the Master Association, which assessments may be payable separate from, or included as part of, the assessments levied by the Association. Buyer hereby acknowledges that, as more particularly defined in the Master Declaration, the Master Association has the right to assess a transfer fee upon an Owner conveying a Unit to a third party. The transfer fee equals the gross sales price of a Unit multiplied by the Transfer Assessment Rate. As more particularly described in the Master Declaration, the “Transfer Assessment Rate” means one percent (1%) unless and until the Board of Directors of the Master Association adopts a different rate. Buyer agrees to pay such transfer fee in accordance with the provisions of the Master Declaration. The provisions of this Section 7.2 shall survive Closing.
Master Association. 14.1 Seller currently envisions creating a Master Association which will own and operate the Beach Club and, if constructed, the Intracoastal Club, the common areas and other amenities associated with Project as well as other properties (collectively the “Master Association Properties”). Within one hundred twenty (120) days from the Effective Date, Seller shall submit to Purchaser for its review and comments the proposed documents creating the Master Association (the “Master Association Documents”). Purchaser shall have thirty (30) days from receipt of the Master Association Documents to provide Seller with any comments regarding the Master Association Documents. Seller shall give due consideration for Purchaser’s comments on the Master Association Documents, however, Seller shall not be obligated to incorporate any of Purchaser’s suggested changes to the Master Association Documents. The Master Association Documents shall require the Master Association to maintain the Master Association Properties in a manner consistent with the franchise standards adopted from time to time by Franchisor (the “Franchise Standards”) for so long as the License Agreement, as same may be amended, modified and extended, is in effect, except the Master Association shall not be required to utilize Franchisor’s trademark in connection with the operation of the Master Association Properties.
Master Association. Each Owner, by acceptance of a deed to a Unit acknowledges and agrees that, pursuant to the Master Documents, all Owners shall be members of the Master Association and shall be subject to the Master Documents. Each Owner further acknowledges that, pursuant to the Master Documents, the Condominium has been designated as a “Building Condominium” (as such term is defined in the Master Documents). If there are conflicts between the provisions of Georgia law, the Master Documents, this Declaration, the By-Laws, and the Articles of Incorporation, then the provisions of Georgia law, the Master Documents, the Declaration, the Articles of Incorporation, and the By-Laws (in that order) shall prevail.
Master Association. It is acknowledged by Lessee that the Kitchell ------------------- Skypark Owners Association, an Arizona non-profit corporation (the "Master Association"), is responsible to maintain, under recorded Covenants, Conditions and Restrictions, the landscaped parkways within thirty feet (30') of the curbs along 20th Avenue, Lone Cactus, Deer Valley Road, and 21st Avenue, and within fifty feet (50') of the curb along 19th Avenue adjacent xx xxx xxxber properties, which are depicted on Exhibit B hereto. That Master Association assesses the Industrial Center and all other properties subject to its jurisdiction for all of its expenses based on an annual budget set by the Board of Directors, from time to time. Lessee agrees to pay as additional rent all assessments imposed on the Premises by the Master Association the term of the Lease, as and when billed by Lessor as stated herein.
Master Association. “Master Association” means a not-for-profit corporation established by the Developer in connection with the imposition of a master declaration encumbering the Property and the Project, which Master Association shall provide for the care, operation, management, maintenance, repair and replacement of certain Master Association property and Project common areas, together with the administration and enforcement of the terms and conditions of such master declaration. In connection therewith and as provided in this Agreement, the performance and satisfaction of certain terms, conditions and obligations of this Agreement may be assigned by the Developer to the Master Association in Developer’s sole and absolute discretion. Any such assignment(s) from Developer to the Master Association shall be evidenced and memorialized by (i) written notice thereof to the City and (ii) a notice recorded among the Public Records of Orange County, Florida.
