No Condominiums. Unless specifically included and acknowledged in the Agreement, Landscape Architect has assumed the Project will not involve residential condominiums, which are defined as multi-family or mixed- use residential property comprising all or part of the Project, the units of which will be individually owned or occupied by unit owners or tenants and the owners will share in joint ownership of any common elements.
No Condominiums. Except for the creation of condominium units required to divide ownership of the Premises to effectuate the financing structure for the Improvements as set forth in the DDA, Lessee shall not: (i) convert any portion of the Premises into condominiums, (ii) obtain or record any condominium declaration or restriction with respect to all or any portion of the Premises, (c) market, offer, or sell any condominium unit on the Premises, or (d) make any efforts, directly or indirectly, to accomplish any of the foregoing.
