Examples of Declarant in a sentence
The number of Lots within the Sweetgrass Property and the Sweetgrass No. 2 Property entitled to use the Shared Pool Facility shall be the sum of all Lots within Sweetgrass or Sweetgrass No. 2, respectfully, sold by the "Declarant" or a "Builder", as such terms are defined in the respective Sweetgrass and Sweetgrass No. 2 Declarations, to a third-party homebuyer.
If Grantor, or its successors or assigns as owner of the Property, as described in Exhibit A, should fail to observe the covenants and restrictions, the Grantor or its successors or assigns, as applicable, shall pay to the OPWC upon demand from the Director the following: (i) all Grant funds disbursed to the Declarant under the OPWC Project Agreement; and (ii) liquidated damages equal to 100% of the funds disbursed by the OPWC for the Project.