Common use of TERM OF DECLARATION Clause in Contracts

TERM OF DECLARATION. This Declaration shall continue for a period of fifty (50) years and thereafter year to year, unless, before the expiration of the term (as it may be so extended), this Declaration is terminated or modified by written instrument duly signed and acknowledged by the Declarant, if the Declarant still owns a Parcel within the Center, and Owners (which may include Declarant) holding at least seventy-five percent (75%) of the Members voting power, and such instrument is recorded in the Office of the County Recorder of San Diego County, California. This Declaration shall terminate upon the expiration of the term following such recordation. Notwithstanding any such termination, the provisions of Section 8.2 regarding the Common Area and the provisions of Article 11 regarding the grant of easements with respect to the Common Area shall survive and remain in full force and effect unless terminated or otherwise modified by the requisite written consent of the Owners as set forth in Section 8.2.