Developer Control Period definition

Developer Control Period means the period of time during which the Developer shall have control of the Association, as provided in the Declaration.

Developer Control Period means a period of time during which the developer or a managing agent

Developer Control Period means the period described in Section E.26 and as set forth in the Declaration, during which Seller shall continue to have the right to appoint and remove Officers and members of the Board.

Examples of Developer Control Period in a sentence

• The affairs of the Association shall be governed by a Board of Directors composed of three (3) directors; provided, that during the Developer Control Period, the Developer shall have the right to appoint and remove two (2) of the director positions on the Board.

• During the Developer Control Period, the Developer may amend these House Rules in any manner without the joinder, consent, or approval of any other party.

• Notwithstanding the foregoing, however, the right and power of the Developer to make Special Amendments hereunder shall terminate on the date of turnover of control of the Association to the Unit Owners other than the Developer or the expiration date of the Developer Control Period, whichever shall first occur.

• The Developer shall give at least thirty (30) days notice of the date, time, and place of the first annual meeting of the Unit Owners, which meeting shall be held within one hundred twenty (120) days of the end of the Developer Control Period, as set forth in the Declaration.

• After termination of the Developer Control Period, the Class B Member shall have a right to disapprove actions of the Board of Directors, the Design Review Board and any committee, all until the Class B Membership terminates.

More Definitions of Developer Control Period

Developer Control Period means a period of time during which the developer or a managing agent selected by the developer manages and controls the time-share project and the common elements and units it comprises.

Developer Control Period means the time period during which Developer has the exclusive right to control the operations of the Association and to appoint the members of the Board, as provided in Section 15.6.

Developer Control Period means that certain period of time, commencing on the date of recordation of the Declaration and terminating on the Developer Control Period Termination Date.

Developer Control Period means the time period in which Developer has the right to appoint directors and officers of the Association, which period shall terminate no later than the earlier of (A) one hundred twenty (120) days after conveyance of seventy five percent (75%) of the Units to Unit Owners other than Developer, (B) seven (7) years after the first conveyance of a Unit to a Unit Owner other than Developer, or (C) Developer’s written surrender of its authority to appoint or remove officers and directors of the Association.

Developer Control Period means a period of five (5) years from the date of recording of this Master Deed or the completion of the entire condominium project containing 120 units, whichever is longer, but not to exceed six (6) years.

Developer Control Period means the period ending on the earliest of: (i) the date the Declarant or related entities no longer own at least ten percent of the total square footage of the land described in Exhibit A attached hereto; or (ii) the date that the Declarant notifies the Association that the Developer Control Period has ended.

Developer Control Period means the period during which a Borrower or a Developer controls the Condominium Board.