Master Association Clause Samples

Master Association. Purchaser acknowledges that the Master Association is responsible for the management, maintenance and operation of significant areas within Snowmass Base Village, including generally, without limitation, walkways and driveways within Snowmass Base Village, the Base Village plaza areas and ice rink, snowmelt systems serving any of its areas of responsibility, exterior landscaped areas within Snowmass Base Village, the Base Village Central Plant and the residential portions of the Base Village Parking Garage, among other areas of responsibility.

Master Association. Purchaser also acknowledges that as owner of the Unit, Purchaser shall be subject to the provisions and restrictions contained in the Master Declaration, shall automatically become a Riverfront Residential Member of the owners' association established pursuant to the Master Declaration (the “Master Association”) and shall be governed by the Master Association’s articles of incorporation, bylaws, and rules and regulations from time to time in effect. These documents require, among other things, membership by Purchaser in the Master Association and payment of assessments to the Master Association independent of those to be paid to the Association.

Master Association. “Master Association” shall have the meaning ascribed in the Master Declaration.

Master Association. Assignee acknowledges and agrees that the Development Property is or will be subject to the Master Association and is or will thereby be subject to payment of certain periodic association dues for the costs of operating and maintaining each component of Public Open Space. Assignee will execute such agreement, consents, and joinders as necessary to establish the Master Association and bind the Development Property to the Master Association. The Master Association will formed and operated as required by Section 2.2(a)(iii) of the Redevelopment Agreement and as otherwise determined by Developer in its discretion, including the requirement that the Master Association organizational documents establish a tiered fee structure in which the association fees are allocated to the properties consisting of Lots 1 and 2, Block 2; ▇▇▇ ▇, ▇▇▇▇▇ ▇; ▇▇▇ ▇, ▇▇▇▇▇ 10; ▇▇▇ ▇, ▇▇▇▇▇ ▇▇; ▇▇▇ ▇, ▇▇▇▇▇ 15; ▇▇▇ ▇, ▇▇▇▇▇ ▇▇; ▇▇▇ ▇,

Master Association. Buyer is advised, and acknowledges and agrees that the Project, including the Property, is subject to covenants, conditions, and restrictions recorded in the Official Records of the County Recorder’s Office, which, inter alia, authorize the formation of an owners’ association, certain use requirements and restrictions and the imposition of assessments. If within the reasonable control of Seller at the applicable time, Buyer shall be entitled to a proportionate number of seats on the board of the owner’s association at such time as it is formed. The provisions of this Section shall survive and shall continue in full force and effect after Closing.

Master Association. It is acknowledged by Lessee that the Kitchell ------------------- Skypark Owners Association, an Arizona non-profit corporation (the "Master Association"), is responsible to maintain, under recorded Covenants, Conditions and Restrictions, the landscaped parkways within thirty feet (30') of the curbs along 20th Avenue, Lone Cactus, Deer Valley Road, and 21st Avenue, and within fifty feet (50') of the curb along 19th Avenue adjacent ▇▇ ▇▇▇ ▇▇▇ber properties, which are depicted on Exhibit B hereto. That Master Association assesses the Industrial Center and all other properties subject to its jurisdiction for all of its expenses based on an annual budget set by the Board of Directors, from time to time. Lessee agrees to pay as additional rent all assessments imposed on the Premises by the Master Association the term of the Lease, as and when billed by Lessor as stated herein.

Master Association. Borrower shall submit all existing or proposed documentation (the “Master Association Documents”) intended or necessary to subject the Land and Improvements to a master association (the “Master Association”) to Lender for Lender’s review and approval concurrently with Borrower’s submission of the Master Association Documents to any governmental authority required to review and approve the Master Association Documents as a precondition to creation of the Master Association. Once the Lender has approved the Master Association Documents, which approval shall not be unreasonably withheld, delay, or conditioned, the Lender shall consent to and/or execute such Master Association Documents as are required of the Lender, in its capacity as the holder of a security interest in the Mortgaged Property, to facilitate the Borrower’s establishment of a Master Association for the Project under the laws of the Commonwealth of Virginia.

Master Association. The Palomino Park Owners Association, a Colorado non-profit corporation.

Master Association. ▇▇▇▇▇▇▇ acknowledges and agrees that the Development Property will be subject to the Master Association and will thereby be subject to payment of certain periodic association dues for the costs of operating and maintaining each component of Public Open Space. ▇▇▇▇▇▇▇ will execute such agreement, consents, and joinders as necessary to establish the Master Association and bind the Development Property to the Master Association. The Master Association will formed and operated as required by Section 2.2(a)(iii) of the Redevelopment Agreement and as otherwise determined by Developer in its discretion, including the requirement that the Master Association organizational documents establish a tiered fee structure in which the association fees are allocated to the properties consisting of Lots 1 and 2, Block 2; ▇▇▇ ▇, ▇▇▇▇▇ ▇; ▇▇▇ ▇, ▇▇▇▇▇ 10; ▇▇▇ ▇, ▇▇▇▇▇ ▇▇; ▇▇▇ ▇, ▇▇▇▇▇ ▇▇; ▇▇▇ ▇, ▇▇▇▇▇ 16; ▇▇▇ ▇, ▇▇▇▇▇ ▇▇; ▇▇▇ ▇, ▇▇▇▇▇ 22; ▇▇▇ ▇, ▇▇▇▇▇ ▇▇; ▇▇▇ ▇, ▇▇▇▇▇ 28 (all as set forth the original Plat) at a ratio of 2:1 relative to the association fees allocated to the other Lots in the Redevelopment Area.