When an Amendment Becomes Effective Sample Clauses

When an Amendment Becomes Effective. Unless otherwise provided to the contrary, an amendment that complies with the other parts of this Article XI will become effective when: (i) it is signed by at least two (2) officers of the Association; and (ii) these officers sign a sworn statement that the requirements of this Section 11.02 have been met.
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When an Amendment Becomes Effective. Unless otherwise provided to the contrary, an amendment that complies with the other parts of Article XI will become effective when: (i) it is signed by at least two (2) officers of the Association; and (ii) these officers sign a sworn statement that the requirements of this Section 11.02 have been met.” By: _ Authorized Signing Officer; having the authority to bind the Corporation. Be It Known that the Authorizing Signing Officers of the Association below hereby swear that the requirements of Section 11.02 of the Association’s Owners’ Agreement have been met whereby an authorized membership vote was duly held and passed accepting this version of these Articles of our Owners’ Agreement in whole. [LIST OF OWNERS] By: Authorized Signing Officer; having the authority to bind the Corporation. By: Authorized Signing Officer; having the authority to bind the Corporation. EXHIBIT “A” LEGAL DESCRIPTION OF LANDS Firstly: Part of the north half of Lot 2, Concession 11, Geographic Township of Laxton, City of Kawartha Lakes, designated as Parts 1, 3 & 4, Plan 57R-520; Secondly: Part of the original shore allowance along Shadow Lake in front of Lot 2, Concession 11, Geographic Township of Laxton, City of Kawartha Lakes, now designated as Part 1 on Reference Plan 57R-9087 AS CLOSED by By-law 2005-58 of The Corporation of the City of Kawartha Lakes, registered as Instrument Number 0432684; Subject to: Right of Way over, along, and upon Part 1 on Plan 57R-520; Subject to: Easement in favour of Hydro Electric Power Commission in Instrument No. 1948 registered at the Land Registry Office for the Registry Division of Victoria (57) Xxxxxxx. Buyer's Initials Seller's Initials EXHIBIT “A” LEGAL DESCRIPTION OF LANDS Firstly: Part of the north half of Lot 2, Concession 11, Geographic Township of Laxton, City of Kawartha Lakes, designated as Parts 1, 3 & 4, Plan 57R-520; Secondly: Part of the original shore allowance along Shadow Lake in front of Lot 2, Concession 11, Geographic Township of Laxton, City of Kawartha Lakes, now designated as Part 1 on Reference Plan 57R-9087 AS CLOSED by By-law 2005-58 of The Corporation of the City of Kawartha Lakes, registered as Instrument Number 0432684; Subject to: Right of Way over, along, and upon Part 1 on Plan 57R-520; Subject to: Easement in favour of Hydro Electric Power Commission in Instrument No. 1948 registered at the Land Registry Office for the Registry Division of Victoria (57) Xxxxxxx. Buyer's Initials Seller's Initials EXHIBIT "B...
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When an Amendment Becomes Effective. Unless otherwise provided to the contrary, an amendment that complies with the other parts of this Article XI will become effective when: (i) it is signed by at least two (2) officers of the Association; and (ii) these officers sign a sworn statement that the requirements of this Section 11.02 have been met. PART B - TERMINATING THE ASSOCIATION 11.03 Term: The Association will remain in effect in perpetuity unless any one of these things happen: (a) all Cottages are destroyed and the decision not to rebuild them has been made, or are condemned; or (b) if, at any special meeting, the Owners of at least seventy-five (75%) percent of the Intervals then in the Association vote to sell the Property. Provided, however, this Agreement and the Rules will remain in effect until the Property is sold and the Association is wound up; thus until such time: (i) the Owners will remain personally liable for all their Charges then accrued; and (ii) the Association will continue to exist and its lien and security interest will remain on the Owner`s ownership share in the Property and its Proceeds, until all such Charges (including interest, rate charges and collection and enforcement costs) have been paid in full and the Association’s affairs are taken care of. The Association will also keep all its other rights and remedies, including but not limited to its other rights and remedies to collect. If the Association is terminated for any reason, the Association, as attorney in fact for all Owners, shall sell the Property, on such terms and conditions as the Board shall determine. However, before any sale is consummated, the Association must hold a special meeting to consider the sale. The Board may consummate the sale upon the approval of the Owners owning not less than seventy-five (75%) percent of the Intervals then in the Association. Pending the consummation of a sale, the Property shall continue to be used, operated, maintained and administered as if the Association remained in effect. Upon the consummation of any such sale, the Association shall disburse to each Owner a portion of the Proceeds thereof equal to each Owner`s One Share of Association Expenses, provided that on or before any disbursement to each such Owner, that Owner must pay all of his/her debts accrued and owing to the Association. ARTICLE XI CHANGING AND TERMINATING THE PROJECT AND THIS AGREEMENT/RULES PART A - CHANGING THE DOCUMENTS 11.01 How this Agreement may be Changed by the Owners: Except as other...
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When an Amendment Becomes Effective. Unless otherwise provided to the contrary, an amendment that complies with the other parts of Article XI will become effective when: (i) it is signed by at least two (2) officers of the Association; and (ii) these officers sign a sworn statement that the requirements of this Section 11.02 have been met.” Be It Known that the Authorizing Signing Officers of the Association below hereby swear that the requirements of Section 11.02 of the Association’s Owners’ Agreement have been met whereby an authorized membership vote was duly held and passed accepting this version of these Articles of our Owners’ Agreement in whole. By: _ Authorized Signing Officer; having the authority to bind the Corporation. By: _ Authorized Signing Officer; having the authority to bind the Corporation. Firstly: Part of the north half of Lot 2, Concession 11, Geographic Township of Laxton, City of Kawartha Lakes, designated as Parts 1, 3 & 4, Plan 57R-520; Secondly: Part of the original shore allowance along Shadow Lake in front of Lot 2, Concession 11, Geographic Township of Laxton, City of Kawartha Lakes, now designated as Part 1 on Reference Plan 57R-9087 AS CLOSED by By-law 2005-58 of The Corporation of the City of (hereinafter collectively called the "New Owner") - and - a corporation incorporated under the laws of the Province of Ontario, (hereinafter called the "Association")
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When an Amendment Becomes Effective. Unless otherwise provided to the contrary, an amendment that complies with the other
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When an Amendment Becomes Effective. Unless otherwise provided to the contrary, an amendment that complies with the other parts of Article XI will become effective when: (i) it is signed by at least two (2) officers of the Association; and (ii) these officers sign a sworn statement that the requirements of this Section 11.02 have been met.” Be It Known that the Authorizing Signing Officers of the Association below hereby swear that the requirements of Section 11.02 of the Association’s Owners’ Agreement have been met whereby an authorized membership vote was duly held and passed accepting this version of these Articles of our Owners’ Agreement in whole. By: _ Authorized Signing Officer; having the authority to bind the Corporation. By: _ Authorized Signing Officer; having the authority to bind the Corporation. these purposes, each Owner also: (a) authorizes the Association to substitute any member of the Board or the Property Manager to act as his/her attorney in fact; and (b) agrees that he cannot take away the Association’s power and right to substitute these persons to sign for him. Each of these appointments is called a special power of attorney, with the power of substitution. Because the Association has an interest in the matters on which each Owner gives it these powers, they are coupled with an interest and are irrevocable. Each Owner agrees that these special powers of attorney cannot be terminated during the term of this Agreement, even if he becomes disabled or dies.
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Related to When an Amendment Becomes Effective

  • Termination Amendment and Waiver 46 7.1 Termination....................................................................................46 7.2

  • Modification, Amendment and Waiver The authority of the Trustees hereunder to authorize the Trust to enter into contracts or other agreements or arrangements shall include the authority of the Trustees to modify, amend, waive any provision of supplement, assign all or a portion of, novate, or terminate such contracts, agreements or arrangements. The enumeration of any specific contracts in this Section 5.12 shall in no way be deemed to limit the power and authority of the Trustees as otherwise set forth in this Declaration of Trust to authorize the Fund to engage, contract with or make payments to such Persons as the Trustees may deem desirable for the transaction of the business of the Fund.

  • Termination or Amendment The Committee may terminate or amend the Plan or this Agreement at any time; provided, however, that no such termination or amendment may adversely affect the Participant’s rights under this Agreement without the consent of the Participant unless such termination or amendment is necessary to comply with applicable law or government regulation. No amendment or addition to this Agreement shall be effective unless in writing.

  • Amendment, Modification and Waiver This Agreement may not be amended, modified or waived except by an instrument or instruments in writing signed and delivered on behalf of each of the parties hereto.

  • Effective Date of Amendment This Amendment shall be deemed effective as of the date first written above, as if executed on such date.

  • Conditions Precedent to the Effectiveness of this Amendment This Amendment shall become effective as of the date first written above when, and only when, each of the following conditions precedent shall have been satisfied or waived (the “Amendment No. 1 Effective Date”) by the Administrative Agent:

  • Term; Termination; Amendment This Agreement shall become effective and shall run for an initial period as specified for each Fund in Schedule A hereto. This Agreement shall continue in force from year to year after the initial period with respect to each Fund, but only as long as such continuance is specifically approved for each Fund at least annually in the manner required by the 1940 Act and the rules and regulations thereunder; provided, however, that if the continuation of this Agreement is not approved for each Fund, the Sub-Adviser may continue to serve in such capacity for each Fund in the manner and to the extent permitted by the 1940 Act and the rules and regulations thereunder. This Agreement shall automatically terminate in the event of its assignment and may be terminated at any time without the payment of any penalty by either party on sixty (60) days’ written notice to the Sub-Adviser. This Agreement may also be terminated by the Trust with respect to each Fund by action of the Board of Trustees or by a vote of a majority of the outstanding voting securities of such Fund on sixty (60) days’ written notice to the Sub-Adviser by the Trust. This Agreement may be terminated with respect to each Fund at any time without the payment of any penalty by the Manager, the Board of Trustees or by vote of a majority of the outstanding voting securities of the Fund in the event that it shall have been established by a court of competent jurisdiction that the Sub-Adviser or any officer or director of the Sub-Adviser has taken any action which results in a breach of the covenants of the Sub-Adviser set forth herein. The terms “assignment” and “vote of a majority of the outstanding voting securities” shall have the meanings set forth in the 1940 Act and the rules and regulations thereunder. Termination of this Agreement shall not affect the right of the Sub-Adviser to receive payments on any unpaid balance of the compensation described in Section 4 earned prior to such termination. This Agreement shall automatically terminate in the event the Investment Management Agreement between the Manager and the Trust is terminated, assigned or not renewed. This Agreement may be amended, modified or supplemented only by a written instrument duly executed by an authorized representative of each of the parties.

  • Modification, Amendment and Termination This Limited Guaranty may be modified, amended or terminated only by the written agreement of GMAC and the Trustee and only if such modification, amendment or termination is permitted under Section 12.02 of the Servicing Agreement. The obligations of GMAC under this Limited Guaranty shall continue and remain in effect so long as the Servicing Agreement is not modified or amended in any way that might affect the obligations of GMAC under this Limited Guaranty without the prior written consent of GMAC.

  • Modification and Waiver No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions of this Agreement nor shall any waiver constitute a continuing waiver.

  • Conditions Precedent to Effectiveness of this Amendment This Amendment shall become effective upon the satisfaction in full or waiver by all Lenders of the following conditions precedent (the first date upon which all such conditions shall have been satisfied being herein called the “Amendment Effective Date”):

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