Affiliate of a declarant definition

Affiliate of a declarant means any person who controls, is controlled by or is under common control with a declarant. A person "controls" a declarant if the person: (i) Is a general partner, officer, director or employer of the declarant; (ii) directly or indirectly or acting in concert with one or more other persons, or through one or more subsidiaries, owns, controls, holds with power to vote or holds proxies representing more than 20% of the voting interests of the declarant; (iii) controls in any manner the election of a majority of the directors of the declarant; or (iv) has contributed more than 20% of the capital in the declarant. A person "is controlled by" a declarant if the declarant: (i) Is a general partner, officer, director or employer of the person; (ii) directly or indirectly or acting in concert with one or more other persons, or through one or more subsidiaries, owns, controls, holds with power to vote or holds proxies representing, more than 20% of the voting interests in the person; (iii) controls in any manner the election of a majority of the directors of the person; or (iv) has contributed more than 20% of the capital of the person;
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Affiliate of a declarant means any person who controls, is controlled by, or is under common control with a declarant.
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Affiliate of a declarant means any person who controls, is
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Examples of Affiliate of a declarant in a sentence

  • As used in the declaration and bylaws6 of an association, unless specifically provided otherwise or unless the7 context otherwise requires, and in this article ARTICLE 33.3:8 (1) "Affiliate of a declarant" means any person who controls, is9 controlled by, or is under common control with a declarant.

  • Affiliate of a declarant means any person who controls, is controlled by, or is under common control with a declarant.

  • If the successor to any special declarant right is an Affiliate of a declarant (as defined in Subsection (g)), the transferor is jointly and severally liable with the successor for any obligation or liability of the successor that relates to the Property.

  • A successor to only a right reserved in the Association Documents to maintain models, sales offices, customer service offices and signs, if such successor is not an Affiliate of a declarant, may not exercise any other special declarant right, and is not subject to any liability or obligation as a declarant.

  • A successor to any special declarant right who is an Affiliate of a declarant is subject to all obligations and liabilities imposed on the transferor by the Association Documents.


More Definitions of Affiliate of a declarant

Affiliate of a declarant means any person who controls, is controlled by, or is under common control with a declarant. For purposes of this subsection:
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Affiliate of a declarant means any person who controls, is controlled by, or is under
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Affiliate of a declarant means any person who controls, is controlled by, or is under common control with a declarant. A person "controls" a declarant if the person (i) is a general partner, officer, director, or employer of the declarant, (ii) directly or indirectly or acting in concert with one or more other persons, or through one or more subsidiaries, owns, controls, holds with power to vote, or holds proxies representing, more than twenty percent (20%) of the voting interests in the declarant,
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Affiliate of a declarant means any person who
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Affiliate of a declarant means any person who controls, is controlled by, or is under common control with a declarant. A person controls a declarant if the person: Is a general partner, officer, director, or employee of the declarant; directly or indirectly, or acting in concert with one or more other persons or through one or more subsidiaries,
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Affiliate of a declarant means], any person who controls, is controlled by, or is under common control with a declarant. A person "controls" a declarant if the person:
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Affiliate of a declarant means any person who controls, is controlled by, or is under common control with a declarant. A person "controls" a declarant if the person (i) is a general partner, officer, director, or employer of the declarant,
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