Examples of Constituting Documents in a sentence
The Borrower will perform all of the Borrower's obligations as a strata/condominium owner under the Applicable Laws and the declaration, bylaws, rules and regulations of the strata/condominium corporation (the "Constituting Documents") and will pay all money owed by the Borrower to the strata/condominium corporation.
If the strata/condominium corporation transfers, charges or adds to the common property (or common elements), or amends its Constituting Documents without the consent of the Lender, and if, in the Lender's opinion, the value of the Property is reduced, there is a Default.