Subsequent Phases of Skaha Hills Sample Clauses

Subsequent Phases of Skaha Hills. The Homeowner acknowledges that the Lessor may, at its option, but without any obligation to do so, carry out or facilitate the development of one or more phases of Skaha Hills. If and when the Lessor proceeds with one or more such phases, on notice from the Lessor, which may be provided each time the Lessor leases additional land within the Development Lands for a new phase of Skaha Hills, this Sublease will be deemed to be amended so that the definition of Common Property will mean the Common Property as defined in subsection 1.1(l), as well as those areas of the additional land, as described in the Lessor's notice, leased by the Lessor for a new phase of Skaha Hills, which serve or are for the benefit of all subtenants of Skaha Hills and which are designated by the Lessor as part of the Common Property, provided that the designation of such additional lands as Common Property has no material adverse effects on the value of the Premises. The Homeowner further acknowledges that a consequence of an amendment of the definition of Common Property, as aforesaid, would be that the Homeowner would thereby be liable to pay the Homeowner's portion of the aggregate of those expenses referenced in the definition of Maintenance Fees in respect of the Common Property forming part of the Lands and the additional lands.‌
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