Waikoloa Beach Resort Sample Clauses

Waikoloa Beach Resort. The Buyer acknowledges that the Project and the Apartment are part of and within a planned resort community development known as the Waikoloa Beach Resort, and that the Project and the Apartment are and shall be subject to the terms and provisions of the Waikoloa Beach Resort Association Declaration of Conditions and Restrictions, as amended and supplemented (the "Waikoloa Beach Resort Master Declaration"), more particularly described in the Declaration. By acquiring ownership of the Apartment, the Buyer, on behalf of the Buyer and the Buyer's lessees, tenants, guests, invitees, licensees, employees, and any other person who may occupy or otherwise use the Apartment, acknowledges and agrees that the Buyer: (i) understands and accepts the disclosures, restrictions, covenants, conditions, easements, reservations of rights and any other matters contained in the Waikoloa Beach Resort Master Declaration; (ii) will observe and perform all of the terms, covenants, conditions and provisions required to be observed and performed by an Owner under the Waikoloa Beach Resort Master Declaration, and (iii) accepts and will abide by all of the applicable terms, covenants, conditions and provisions set forth in the Waikoloa Beach Resort Master Declaration, and all bylaws, design guidelines, rules and regulations and other items or matters adopted or promulgated pursuant to the Waikoloa Beach Resort Master Declaration, including those of the Waikoloa Beach Resort Association (the "Master Association"), whose members will include the owners of all apartments within the Project, including the Buyer. Without limiting the foregoing or the Waikoloa Beach Resort Master Declaration, the Buyer acknowledges that the Waikoloa Beach Resort Master Declaration provides for the assessment of maintenance and other fees from and upon the members of the Master Association, including the owners of apartments in the Project, and for lien rights upon each apartment in the Project, including the Apartment, for non-payment of such assessments. Payment of assessments and other fees to the Master Association will be made by the Buyer through the Project's Association described in Section C.3 above.
Sample 1
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