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 any other provision of these By-Laws: Not later than 60 days after termination of the Developer Control Period, the Board shall increase to five directors and the President shall call for an election by which the Class "A" Members shall be entitled to elect all of the five directors.

• For the duration of the Developer Control Period, as discussed in Section E.26, Seller shall have the right to replace Hawaiiana Management Company, Ltd.

• Notwithstanding the above, this Paragraph 10.1 shall not apply to any leasing transaction entered into by Developer (regardless of whether said lease is entered into prior to or after the expiration of the Developer Control Period), the Association, or the holder of any first Mortgage on a Unit who becomes the Owner of a Unit through foreclosure or any other means pursuant to the satisfaction of the indebtedness secured by such Mortgage.

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 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 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 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 that period of time prior to the time that ninety (90%) of the Lots are conveyed to Owners.

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