Declarant Control Period definition

Declarant Control Period means the period commencing on the date hereof and ending on the date which is the earliest of (a) the date on which Declarant no longer owns a Unit, (b) ten years from the date of recording of this Declaration, and (c) the date on which Declarant executes and records a document terminating the Declarant Control Period.

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Declarant Control Period means the period of time in which the declarant

Declarant Control Period means the period of time during which Declarant holds a fee interest or contractual right in any portion, however small, of the land described in Exhibit A and/or Exhibit B attached hereto and incorporated herein.

Examples of Declarant Control Period in a sentence

After the Declarant Control Period, no amendment to this Declaration shall affect the rights of any Mortgagee interested under a Mortgage which is in effect at the time of the amendment or any successor or assign thereof, unless Mortgagee representing sixty-seven percent (67%) of the Lot Owners have consented in writing to such amendment or such percentage of the Mortgagee's consents are presumed in accordance with the provisions of U.C.A Section 57-8a-210.
After the Declarant Control Period, the Owners at any time, and from time to time, shall have the right to amend this Declaration and/or the Plat upon the written approval of the Owners of not less than two-thirds of Owners who submit a vote in person or by proxy.
Prior to the expiration of the Declarant Control Period, the Declarant will either a) terminate the Architectural Control Committee by amending this Declaration or b) assign, in writing, the role of the Architectural Control Committee to three (3) Owners.
During the Declarant Control Period, the Declarant at any time and from time to time, alone, shall be entitled to amend this Declaration and the Plat; provided, however, that Declarant shall not have the right to amend the Plat so as to modify the location, dimensions or size of any Lot which has been previously conveyed to an Owner.
The Architectural Control Committee, ("ACC"), shall be the Declarant until the Declarant Control Period expires as indicated herein.

More Definitions of Declarant Control Period

Declarant Control Period means that the date this Declaration is recorded, during which operation of the Association. The Declarant Control date that Declarant holds fifty percent (50%) or less of Lots.

Declarant Control Period means the period of time extending from the recordation of this Declaration to the earliest of (i) that date upon which more than seventy-five percent (75%) of the Condominiums which may be included in the Project have been conveyed to owners other than Declarant; (ii) the date two (2) years after the first Condominium has been conveyed to an owner other than Declarant; or (iii) the date upon which Declarant notifies the owners that Declarant relinquishes its rights under this Declaration and the Bylaws to appoint and remove a majority of the members of the Board of Directors or to exercise powers and responsibilities otherwise assigned by the Condominium Instruments to the Association, the Board of Directors, or any officer of the Association.

Declarant Control Period means the period of time from when this Declaration is recorded until the first to occur of: (i) the total number of votes held by Class "A" Members exceed the total number votes held by the Class "B" Member; (ii) 15 years pass from the date this Declaration is recorded; or (iii) the Class "B" Member elects to end the Declarant Control Period.

Declarant Control Period means the period of time during which Declarant is entitled to appoint a majority of the members of the Board. The Declarant shall have the right to appoint and remove members of the Board until the first to occur of the following:

Declarant Control Period means the period of time during which the Declarant is entitled to appoint and remove officers and members of the Board as set forth herein.

Declarant Control Period means the period of time during which the Declarant has Class B membership status as provided for in Section 3.2(b), below.

Declarant Control Period means the period prior to the date on which units to which seventy-five percent or more of the aggregate Common Element Interests in the entire Condominium, as fully expanded in accordance with the rights reserved in the Declaration, appertain have been conveyed to unit owners other