Units or Limited Common Elements Sample Clauses

Units or Limited Common Elements. If the damage occurs to any Limited Common Elements or to any buildings containing Units, but the Board of Directors determines that Units to which fifty percent or less of the General Common Elements are appurtenant are thereby rendered untenantable, the damaged property shall be reconstructed or repaired, unless within sixty days after the casualty it is decided (in the manner provided in Article XV) that the Condominium shall be terminated. If Units to which more than fifty percent of the General Common Elements are appurtenant are found by the Board of Directors to be untenantable due to the casualty, the Condominium will be subject to termination as provided herein and the damaged property will not be reconstructed or repaired, unless within sixty days after the casualty, the Unit Owners of at least seventy-five percent of the General Common Elements agree in writing to such reconstruction or repair. No Mortgagee shall have any right to participate in the determination as to whether the damaged Property shall be reconstructed or repaired.
Sample 1
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Related to Units or Limited Common Elements

  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

  • Entire Agreement This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter contained in this Agreement and supersedes all prior agreements, understandings and negotiations between the parties.

  • Assignment This Agreement and all rights and obligations hereunder may not be assigned without the written consent of the other party.

  • Termination This Agreement may be terminated at any time prior to the Closing:

  • Notices Any notice, request or other document required or permitted to be given or delivered to the Holder by the Company shall be delivered in accordance with the notice provisions of the Purchase Agreement.

  • Severability Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

  • Definitions As used in this Agreement, the following terms shall have the following meanings:

  • NOW, THEREFORE the parties hereto agree as follows:

  • IN WITNESS WHEREOF the parties hereto have executed this Agreement as of the day and year first above written.

  • MANAGEMENT RIGHTS 3.01 The Union acknowledges that all management rights and prerogatives are vested exclusively with the Employer and without limiting the generality of the foregoing; it is the exclusive function of the Employer:

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