Participating Builder definition

Participating Builder means and refer to a person or entity which acquires a portion of the Property for the purpose of improving such portion in accordance with the Development Plan for resale to Owners.

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Participating Builder means and refer to a person or entity described in writing by the Declarant as a Participating Builder.

Participating Builder means a person or entity designated in writing by Declarant as a Participating Builder.

Examples of Participating Builder in a sentence

• Each Participating Builder agrees, by acceptance of a deed for a Lot within the Properties, to pay the applicable Assessment for each of its Units.

• In the alternative the Participating Builder may elect at the time it acquires its Units to fund its proportionate share of the shortfall in the Common Expenses of the Association in lieu of paying the applicable Assessments, which election shall be binding for not less than a one (1) year period.

• BuildNet shall cause each Contact to execute the Builder Marketing Agreement of which a finalized version shall be attached hereto as Exhibit A (a "Participating Builder") within sixty (60) days from the effective date of this Agreement.

• The Declarant and each Participating Builder shall indemnify the Association for the amount of the Units’ Initial Capital Contributions which the Declarant or Participating Builder is obligated to collect and transfer to the Association hereunder.

• The requirements in this clause 3.1 do not prevent a Participating Builder from ultimately charging more for the construction of a dwelling than was originally agreed in the Building Contract by reason of terms and conditions in the Building Contract that do not deal with the Inclusions.

More Definitions of Participating Builder

Participating Builder means a person who acquires one or more Lots for the purpose of improving the same for resale to a future Owner(s).

Participating Builder means and refer to a person or entity that acquires one or

Participating Builder means any one of the building companies listed in Table B, below;

Participating Builder means and refer to a person or entity who is licensed and operating, as his or its primary business, as a general contractor and/or residential home developer, and who acquires a vacant Lot or Lots in Woodbridge for the purpose of constructing a Living Unit for resale to Owners or lease to tenants. A Participating Builder is also considered an “Owner” and enjoys the rights thereof for any Lots which it has purchased from the Declarant prior to reselling the lot and Living Unit built thereon to a final Owner.

Participating Builder or “Builder” shall mean a builder or other person

Participating Builder means and refer to a person or entity other than the Declarant that in the ordinary course of business of such person or entity constructs residential structures on any portion of the Project, including but not limited to the Lots, for sale or lease to others.

Participating Builder means any person or entity designated as such in this Declaration or in any Supplementary Declaration which has or will acquire from Declarant a portion of the Community for the purpose of improving such property in accordance with the master plan developed by Declarant for the Community.