Unit Owners' Organization Sample Clauses

Unit Owners' Organization. An unincorporated association of Unit Owners through which the Unit Owners will manage and regulate the Condominium has been formed and has enacted By-laws pursuant to said Chapter 183A. The name of the Association is The Village Condominium Association (the Association). The names of the Board of Managers of the Association, and their respective terms of office are: NAME ADDRESS TERM Xxxxxx X. Xxxxx 0 Xxxxxx Xxxx Lexington, Mass. Xxxxxx X. Xxxxx 00 Xxxx Xxxxxx Watertown, Mass. Xxxxx X. Xxxxx 00 Xxxxxxxxx Xxxxxx Watertown, Mass. Until Third Annual Meeting of Unit Owners Until Third Annual Meeting of Unit Owners Until Second Annual Meeting of Unit Owners Xxxxxx. Xxxxx 00 Xxxxxxx Xxxx Lexington, Mass. Until Second Annual Meeting of Unit Owners Until First Annual Meeting of Unit Owners
Sample 1
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Unit Owners' Organization. The condominium will be managed and regulated by the Association as set forth in said Master Xxxx, as amended.
Sample 1
Unit Owners' Organization. All of the rights and powers in and with respect to the common areas and facilities (“Common Areas and Facilities”) of Oakwood Estates Condominium (the “Condominium”) established by a Master Deed recorded herewith (the “Master Deed”) in the Plymouth County Registry of Deeds (the “Registry”) which are by virtue of Massachusetts General Laws, Chapter 183 A, as amended (“Chapter 183A”), conferred upon or exercisable by the organization of the Owners of the Condominium, and all property, real and personal, tangible and intangible, conveyed to the Trustees hereunder shall vest in the Trustees as joint tenants with right of survivorship (if more than one), in trust to exercise, manage, administer and dispose of the same exclusive of the common areas and facilities, and to receive the income thereof (a) for the benefit of the Owners of record from time to time of the Lots of the Condominium and the Common Areas and Facilities according to the schedule of the undivided beneficial interest set forth herein as such may be amended from time to time (the “Beneficial Interest”), and (b) in accordance with the provisions of Section 10 of Chapter 183A for the purposes therein set forth The purpose of this Trust is to provide for the ownership, preservation and maintenance for the common enjoyment and benefits of the Owners (as hereinafter defined) of the common utilities, drainage, the Residential Lots (“Lot” or “Lots”) subject to certain Exclusive Use Rights granted to each Owner, the private road designated as “(Name of Road”) (“Road’), and the Open Space lots identified as Lot numbers , _, , and (hereinafter referred to as the (“Open Space Lots”), all as shown on a plan of land entitled “ ” Owned by: Xxxxxxxxx Xxxxxx , prepared by Xxxxx Engineering, Inc., 000 Xxxxx Xxxx Xxxx, Xxxxxxx, Xxxx. 00000, said Plan dated , , 2017, and recorded in the Plymouth County Registry of Deeds as Plan Number of 2017 (collectively the “Condominium” or the “Plan”), and of any property, real or personal, which may hereafter be conveyed to or acquired by the Trustees or otherwise made subject to their administration for the benefit of the Owners. The Trust Property, as identified and described in a Master Deed recorded herewith in the Plymouth County Registry of Deeds at Book , Page , is a condominium within the provisions of Massachusetts General Laws, Chapter 183A, and such Property shall be subject to the terms of the Master Deed, the provisions of this Declaration of Trust, as well as ...
Sample 1

Related to Unit Owners' Organization

  • Partnership The Partnership shall be given days’ notice to purchase the ownership interest under the same terms agreed upon by the potential buyer.

  • Certification of Limited Liability Company and Limited Partnership Interests Each interest in any limited liability company or limited partnership controlled by any Grantor and pledged hereunder shall be represented by a certificate, shall be a “security” within the meaning of Article 8 of the New York UCC and shall be governed by Article 8 of the New York UCC.

  • Formation of Limited Partnership (a) The Partnership is formed as a limited partnership pursuant to the Certificate and this Agreement. The Partners agree that their rights, duties and liabilities will be as provided in the Delaware Act, except as otherwise provided in this Agreement. The General Partner will cause the Certificate to be executed and filed in accordance with the Delaware Act and will cause to be executed and filed with applicable governmental authorities any other instruments, documents and certificates that the General Partner concludes may from time to time be required by the laws of the United States of America, the State of Delaware or any other jurisdiction in which the General Partner determines that the Partnership should do business, or any political subdivision or agency of any such jurisdiction, or that the General Partner determines is necessary or appropriate to effectuate, implement and continue the valid existence and business of the Partnership. (b) The Partnership is formed for the object and purpose of (and the nature of the business to be conducted by the Partnership is) engaging in any lawful activity for which limited partnerships may be formed under the Delaware Act and engaging in any and all activities necessary or incidental to the foregoing.

  • Professional Organizations During the Term, Executive shall be reimbursed by the Company for the annual dues payable for membership in professional societies associated with subject matter related to the Company's interests. New memberships for which reimbursement will be sought shall be approved by the Company in advance.

  • Technical and Organizational Measures The following sections define SAP’s current technical and organizational measures. SAP may change these at any time without notice so long as it maintains a comparable or better level of security. Individual measures may be replaced by new measures that serve the same purpose without diminishing the security level protecting Personal Data.

  • Incorporation and Organization The Corporation has been incorporated or formed, as the case may be, is organized and is a valid and subsisting corporation or partnership, as the case may be, under the laws of its jurisdiction of existence and has all requisite corporate power and capacity to carry on its business as now conducted or proposed to be conducted and to own or lease and operate the property and assets thereof.

  • Operating Partnership Agreement The Operating Partnership Agreement, in substantially the form attached hereto as Exhibit B, shall have been executed and delivered by the partners of the Operating Partnership and shall be in full force and effect and, except as contemplated by Section 2.03 or the other Formation Transaction Documents, shall not have been amended or modified.

  • Members (a) A Person shall be admitted as a Member and shall become bound by, and shall be deemed to have agreed to be bound by, the terms of this Agreement if such Person purchases or otherwise lawfully acquires any Share, and such Person shall become the Record Holder of such Share, in accordance with the provisions of this Agreement. A Member may be a Class A Member and or a Class B Member, and, in such case, shall have the rights and obligation accorded to the Class A Ordinary Shares with respect to such Class A Ordinary Shares and the rights and obligations accorded to the Class B Ordinary Shares with respect to such Class B Ordinary Shares. A Person may become a Record Holder without the consent or approval of any of the Members and without physical execution of this Agreement. A Person may not become a Member without acquiring a Share. (b) The name and mailing address of each Member or such Member’s representative shall be listed on the books and records of the Company maintained for such purpose by the Company or the Transfer Agent. (c) Except as otherwise provided in the Delaware Act, the debts, obligations and liabilities of the Company, whether arising in contract, tort or otherwise, shall be solely the debts, obligations and liabilities of the Company, and the Members shall not be obligated personally for any such debt, obligation or liability of the Company solely by reason of being a Member of the Company. (d) Except to the extent expressly provided in this Agreement: (i) no Member shall be entitled to the withdrawal or return of any Capital Contribution, except to the extent, if any, that distributions made pursuant to this Agreement or upon dissolution of the Company may be considered as such by law and then only to the extent provided for in this Agreement; (ii) no Member shall have priority over any other Member either as to the return of Capital Contributions or as to profits, losses or distributions; (iii) no interest shall be paid by the Company on Capital Contributions; and (iv) no Member, in its capacity as such, shall participate in the operation or management of the Company’s business, transact any business in the Company’s name or have the power to sign documents for or otherwise bind the Company by reason of being a Member. (e) Any Member shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Company, including business interests and activities in direct competition with the Company. Neither the Company nor any of the other Members shall have any rights by virtue of this Agreement in any such business interests or activities of any Member.

  • Partnership Name The name of the Partnership is “OZ Management LP.” The name of the Partnership may be changed from time to time by the General Partner.

  • Outside Activities of the Limited Partners Subject to the provisions of Section 7.5, which shall continue to be applicable to the Persons referred to therein, regardless of whether such Persons shall also be Limited Partners, any Limited Partner shall be entitled to and may have business interests and engage in business activities in addition to those relating to the Partnership, including business interests and activities in direct competition with the Partnership Group. Neither the Partnership nor any of the other Partners shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner.

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