Common use of Condominium Association Clause in Contracts

Condominium Association. This Agreement is also Buyer’s application for membership in the Association, which membership shall automatically take effect at closing. At that time, Buyer agrees to accept all of the liabilities and obligations of membership.

Appears in 3 contracts

Sources: Commercial Unit Purchase Agreement (Sotherly Hotels Lp), Commercial Unit Purchase Agreement (Sotherly Hotels Lp), Purchase Agreement

Condominium Association. This Agreement is also Buyer’s application for membership in the Condominium Association, which membership shall automatically take effect at closing. At that time, Buyer agrees to accept all of the liabilities and obligations of membershipmembership and rights and responsibilities under the REA and the HCUA accruing after the closing.

Appears in 2 contracts

Sources: Purchase Agreement (Capri Family Foundation), Purchase Agreement (Capri Family Foundation)

Condominium Association. This Agreement is also Buyer’s application for membership in the Condominium Association, which membership shall automatically take effect at closing. At that time, Buyer agrees to accept all of the liabilities and obligations of membership.

Appears in 1 contract

Sources: Fourth Amendment (MHI Hospitality CORP)

Condominium Association. This Agreement is also Buyer’s application for membership in the Condominium Association, which membership shall automatically take effect at closingClosing. At that time, Buyer agrees to accept all of the liabilities and obligations of membership.

Appears in 1 contract

Sources: Condominium Purchase Agreement