Common use of Master Association and TMA Clause in Contracts

Master Association and TMA. Without limiting the generality of the foregoing provisions of this Paragraph 29, Buyer acknowledges that the Land is included within the property covered by the Master Commercial Declaration and that the owner of the Land is obligated to participate in the TMA. Buyer further acknowledges that the Land will be subject to the covenants, conditions, and restrictions contained in the Master Commercial Declaration and to participation in the Master Association and the TMA, and that Buyer will be responsible for all assessments that may be owing with respect to the Land following the Close of Escrow with respect to the Master Association and the TMA.

Master Association and TMA. Without limiting the generality of the foregoing provisions of this Paragraph 2928, Buyer acknowledges that the Land is included within the property covered by the Master Commercial Declaration and that the owner of the Land is obligated to participate in the TMA. Buyer further acknowledges that the Land will be subject to the covenants, conditions, and restrictions contained in the Master Commercial Declaration and to participation in the Master Association and the TMA, and that Buyer will be responsible for all assessments that may be owing with respect to the Land following the Close of Escrow with respect to the Master Association and the TMA.