Coach 2013 Annual Report Download - page 287

2.2.2 Major Decisions. Notwithstanding any other provision in the Condominium Documents, the following items shall constitute
“Major Decisions” and shall require in each instance, as part of any affirmative vote otherwise required hereunder, the concurrence of (i) members of the
Board of Managers whose Designators represent, in the aggregate, 66 2/3% or more of Common Interests and (ii) the affirmative vote of the Unit Owner of
Office Unit 1 if (A) Coach or Coach Affiliate is then the Unit Owner of Office Unit 1 or not less than 60% of Office Unit 1 is then occupied by Coach or a
Coach Affiliate, or (B) Office Unit 1 has not been subdivided and not less than 60% of Office Unit 1 is then occupied by the then Unit Owner of Office Unit
1:
(a) Amendments to the quorum requirements set forth herein;
(b) Amendments to the provisions herein and in the Declaration specifying the percentage of members of the Board of
Managers, votes cast by Unit Owners or of Common Interest required to prevail in any election, vote or decision-making;
(c) Amendments to this definition of “Major Decisions”;
(d) Amendments to the notice requirements with respect to annual and special meetings of the Owners and meetings of the
Board of Managers;
(e) The mortgage, pledge, or hypothecation of the Common Elements;
(f) Any lease of the Tower C Plaza Area to the Association to the extent that any provision of such lease materially adversely
affects the Unit Owner of Office Unit 1;
(g) Any modification to the Signage Requirements or the Building Exterior Lighting System, or to any provisions of the
Declaration or these By-Laws relating to the Core Wall Installation;
(h) Any changes to the Allocation Schedule; and
(i) Any use (other than for access) of the Restricted Area by the Board of Managers, or any consent or approval given by
the Board of Managers to the Association with respect to the use of the “Restricted Area” as shown on the Floor Plans, (other than for access).
2.2.3 Certain Additional Requirements .
(a) Notwithstanding any other provision in the Condominium Documents, the following items shall require the concurrence
of the member of the Board of Managers appointed by the Unit Owner of the affected Unit, provided such member is then a Board Member in Good Standing:
(i) Amendments to the provisions of the Declaration or these By-Laws governing the rights of the Unit Owner to
lease, sell, transfer, convey, pledge, mortgage or otherwise transfer or encumber its Unit;
(ii) Amendments to the Declaration or these By-Laws that would have a material adverse effect upon the use or
occupancy of such Unit; and
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