OWNERSHIP OF COMMON AREA. An easement in the Colmon Area shall be conveyed to the Association prior to or concurrently with the conveyance of the first-Parcel to an Owner. The Association shall be deemed to have accepted the Common Area conveyed to it when (i) a grant deed of easement conveying the Common Area has been recorded in the Official Records of the County and (ii) assessments have commenced.
Appears in 6 contracts
Samples: Non Disclosure Agreement (Formfactor Inc), Non Disclosure Agreement (Formfactor Inc), Disclosure Agreement (Formfactor Inc)