Coach 2013 Annual Report Download - page 96

TABLE OF CONTENTS
Page
ARTICLE 1 FORMATION AND OFFICES 7
1.1. Formation 7
1.2. Name 8
1.3. Purposes 8
1.4. Powers 9
1.5. Term 10
1.6. Principal Office and Registered Agent 10
1.7. Members 11
1.8. Beneficial Ownership of Condo Units 11
1.9. Project Documents 11
1.10. Separateness 11
1.11. Construction Loan Closing Day Transactions 13
ARTICLE 2 DEFINITIONS 15
2.1. Terms Defined Herein 15
2.2. Other Definitional Provisions 42
ARTICLE 3 DEVELOPMENT OF THE PROJECT 44
3.1. Development of the Project 44
3.2. Development Agreement; Development Management Agreement 44
3.3. Expansion of Coach Unit 44
3.4. Financing of the Construction of the Project; Funding; Etc. 46
3.5. Construction of the Project; Guarantees 49
3.6. Budget; Allocation of the Costs of the Project; Audit; Books and Records 50
3.7. Condominium Regime 52
3.8. Conditions to Transfer of Coach Unit; Closing Payments and Deliveries 54
3.9. Cooperation; Covenants 65
3.10. Arbitration 67
3.11. Municipal Incentives 68
ARTICLE 4 CAPITALIZATION OF THE COMPANY 69
4.1. Initial Capital Contributions 69
4.2. Additional Capital Contributions 69
4.3. Capital Contributions and Remedies 71
4.4. Capital Accounts 72
4.5. Capital al Rights, Interest and Priority 73
4.6. Pledge of Equity Commitments 73
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