Common use of New Construction Committee Clause in Contracts

New Construction Committee. The Declarant shall establish a New Construction Committee consisting of one or more members appointed by the Declarant to approve New Construction on each Lot and to perform such other functions and duties as may be imposed upon it by this Declaration or the Declarant related thereto. The New Construction Committee shall be responsible for initial approval of all New Construction on the Lot through and including the issuance of a Certificate of Occupancy for the Residential Unit thereon. So long as Declarant owns at least one (1) Lot in the Property, the Declarant shall have the right to appoint and remove all members of the New Construction Committee. It is expressly provided that the New Construction Committee shall not be a Committee of the Association unless and until Declarant shall assign its rights and obligations with respect thereto in writing to the Association at Declarant’s discretion; provided, however, that upon the sale of the last Lot owned by Declarant, if Declarant has not previously assigned such rights and obligations to the Association, the New Construction Committee shall thereupon become a Committee of the Association whose members shall be appointed by the Board, and all rights and obligations of Declarant with respect to the New Construction Committee shall automatically pass to the Association. At such time as the Association acquires the rights and obligations of the New Construction Committee, the Association may, in its discretion, elect to merge the New Construction Committee into the Architectural Committee, in which event the Architectural Committee shall thereafter perform the functions of the New Construction Committee.

Appears in 1 contract

Samples: Declaration of Covenants, Conditions and Restrictions

AutoNDA by SimpleDocs

New Construction Committee. The Declarant shall establish a New Construction Committee consisting of one or more members appointed by the Declarant to approve New Construction on each Lot and to perform such other functions and duties as may be imposed upon it by this Declaration or the Declarant related thereto. The New Construction Committee shall be responsible for initial approval of all New Construction on the Lot through and including the issuance of a Certificate of Occupancy for the Residential Unit thereon. So long as Declarant owns at least one (1) Lot in the Property, the Declarant shall have the right to appoint and remove all members of the New Construction Committee. It is expressly provided that the New Construction Committee shall not be a Committee of the Association unless and until Declarant shall assign its rights and obligations with respect thereto in writing to the Association at Declarant’s discretion; provided, however, that upon the sale of the last Lot owned by Declarant, if Declarant has not previously assigned such rights and obligations to the Association, the New Construction Committee shall thereupon become a Committee of the Association whose members shall be appointed by the Board, and all rights and obligations of Declarant with respect to the New Construction Committee shall automatically pass to the Association. At such time as the Association acquires the rights and obligations of the New Construction Committee, the Association may, in its discretion, elect to merge the New Construction Committee into the Architectural Committee, in which event the Architectural Committee shall thereafter perform the functions of the New Construction Committee. . Notwithstanding the foregoing, all construction on Lots owned by the Declarant shall be exempt from review and approval by the New Construction Committee.

Appears in 1 contract

Samples: Declaration of Covenants, Conditions and Restrictions

New Construction Committee. The Declarant shall establish a New Construction Committee consisting of one or more members appointed by the Declarant to approve New Construction on each Lot and to perform such other functions and duties as may be imposed upon it by this Declaration or the Declarant related thereto. The New Construction Committee shall be responsible for initial approval of all New Construction on the Lot through and including the issuance of a Certificate of Occupancy for the Residential Unit thereon. So long as Declarant owns at least one (1) Lot in the Property, the Declarant shall have the right to appoint and remove all members of the New Construction Committee. It is expressly provided that the New Construction Committee shall not be a Committee of the Association unless and until Declarant shall assign its rights and obligations with respect thereto in writing to the Association at Declarant’s discretion; provided, however, that upon the sale of the last Lot owned by Declarant, if Declarant has not previously assigned such rights and obligations to the Association, the New Construction Committee shall thereupon become a Committee of the Association whose members shall be appointed by the Board, and all rights and obligations of Declarant with respect to the New Construction Committee shall automatically pass to the Association. At such time as the Association acquires the rights and obligations of the New Construction Committee, the Association may, in its discretion, elect to merge the New Construction Committee into the Architectural Committee, in which event the Architectural Committee shall thereafter perform the functions of the New Construction Committee. Notwithstanding the foregoing, all construction on Lots owned by the Declarant shall be exempt from review and approval by the New Construction Committee.

Appears in 1 contract

Samples: Declaration of Covenants, Conditions and Restrictions

AutoNDA by SimpleDocs

New Construction Committee. The Declarant shall establish a New Construction Committee consisting of one or more members appointed by the Declarant to approve New Construction on each Lot and to perform such other functions and duties as may be imposed upon it by this Declaration or the Declarant related thereto. The New Construction Construction‌ Committee shall be responsible for initial approval of all New Construction on the Lot through and including the issuance of a Certificate of Occupancy for the Residential Unit thereon. So long as Declarant owns at least one (1) Lot in the Property, the Declarant shall have the right to appoint and remove all members of the New Construction Committee. It is expressly provided that the New Construction Committee shall not be a Committee of the Association unless and until Declarant shall assign its rights and obligations with respect thereto in writing to the Association at Declarant’s discretion; provided, however, that upon the sale of the last Lot owned by Declarant, if Declarant has not previously assigned such rights and obligations to the Association, the New Construction Committee shall thereupon become a Committee of the Association whose members shall be appointed by the Board, and all rights and obligations of Declarant with respect to the New Construction Committee shall automatically pass to the Association. At such time as the Association acquires the rights and obligations of the New Construction Committee, the Association may, in its discretion, elect to merge the New Construction Committee into the Architectural Committee, in which event the Architectural Committee shall thereafter perform the functions of the New Construction Committee. Notwithstanding the foregoing, all construction on Lots owned by the Declarant shall be exempt from review and approval by the New Construction Committee.

Appears in 1 contract

Samples: Declaration of Covenants, Conditions and Restrictions

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!