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.
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. 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" - ASSUMPTION AND CONSENT AGREEMENT To Replace Existing Assumption and Consent Agreement Text as per Xxxxxxx Righton LLP Text THIS AGREEMENT made as of the 1st day of December, 2010 B E T W E E N: BUYER & BUYER NAME (hereinafter collectively called the "New Owner") - and - INASKI SHORES RESORT OWNERS ASSOCIATION a corporation incorporated under the laws of the Province of Ontario, (hereinafter called the "Association")
When an Amendment Becomes Effective. Unless otherwise provided to the contrary, an amendment that complies with the other Destruction of Cottages such that any of the Cottages affected will not be repaired or restored then, in either case that portion of the Expropriation Proceeds or insurance Proceeds allocable to the eliminated Cottage shall be disbursed to those Owners whose Intervals apply to the Cottage or Cottages eliminated. The Interval of each Owner in an eliminated Cottage shall cease to be part of the Project and each such Owner shall cease to have reservation and use rights and to be a member of the Association. Each of the Owners of an Interval in an eliminated Cottage shall promptly release his/her ownership share to the Association in a suitable registerable document, and each such Owner must do so on or before any disbursement to him, and on or before any disbursement to each such Owner, he must also pay all of his/her debts accrued and owing to the Association. The Project shall then be reconstituted without the eliminated Cottage or Cottages and the Intervals in such eliminated Cottage or Cottages vested and released to the Association, the ownership share of the remaining Owners shall be adjusted.
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.
