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.
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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.
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Developer Control Period means a period of time during which the developer or a managing agent
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Examples of Developer Control Period in a sentence

  • For the duration of the Developer Control Period, as discussed in Section E.25, Seller shall have the right to replace the Managing Agent at any time in Seller's sole discretion.

  • During the Developer Control Period, Developer shall appoint or remove the Directors and may limit the Board to one Director, which may be Developer; provided, however, that not later than one hundred twenty (120) days after conveyance of twenty five percent (25%) of the Units to Unit Owners other than Developer, at least one member of the Board of Directors shall be elected by Unit Owners other than Developer.

  • 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.

  • After the expiration of the Developer Control Period, the Unit Owners may remove any one (1) or more Directors, with or without cause, at any special meeting that is specifically called for that purpose.

  • Notwithstanding anything to the contrary stated herein, any architectural change to the Condominium made by Developer during the Developer Control Period shall be deemed to have been approved by the Board.


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.
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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.
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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.
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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.
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Developer Control Period means the period of time until Developer sells the last available unit in the Condominium Property.
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Developer Control Period means that period of time prior to the time that ninety (90%) of the Lots are conveyed to Owners.
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Developer Control Period means the period during which the rights and responsibilities that are reserved exclusively to the Declarant/developer and/or a Participating Builder pursuant to the Declaration or other governing documents for the Association may be exercised. Said Developer Control Period shall commence upon the recordation of the Declaration and shall continue until the earliest of (a) sixty (60) days after the conveyance of seventy-five percent (75%) of the Lots that are and may be created in the Project to the Owners other than the Declarant or a Participating Builder, or (b) two (2) years after Declarant and all Participating Builders have ceased to offer Lots for residential purposes for sale in the ordinary course of
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