Annexable Property definition
Examples of Annexable Property in a sentence
Any such assignment may be to all or any portion of the Project or Annexable Property, may include only certain specific rights and/or duties of the Declarant, and may be subject to such conditions as Declarant may impose in its sole and absolute discretion.
Declarant intends to develop the Annexable Property on a phased basis; provided, however, Declarant may elect not to develop all or any part of such real property, to annex such real property to this Declaration in increments of any size whatsoever, or to develop more than one such increment at any given time and in any given order.
Thereafter, Declarant shall retain the right to appoint, augment or replace a majority of the members of the Architectural Committee until five (5) years after the first anniversary of the issuance of the original Final Subdivision Public Report by the CalBRE for the Initial Property, or until ninety percent (90%) of the Lots within the Initial Property and the Annexable Property have been conveyed to Resident Owners, whichever shall first occur.
All or any part of the Annexable Property may be annexed under and become subject to this Declaration and subject to the jurisdiction of the Association without the approval, assent or vote of the Association or its Members provided that a Declaration of Annexation covering the portion of the Annexable Property to be annexed shall be executed and recorded by Declarant.
Unless the context clearly indicates otherwise, the following terms used in this Declaration are defined as follows: Section 1.1 "Annexable Property" shall mean all of the real property described in Exhibit"B" to this Declaration.