AMENDED AND RESTATED DECLARATION OF CONDOMINIUM OF THE PENN SQUARE HOTEL AND CONVENTION CENTER, A CONDOMINIUM Pursuant to the provisions of the Pennsylvania Uniform Condominium Act, 68 Pa. C.S. §3101, et seq. lccca.com DMEAST #25357795 v7 AMENDED AND RESTATED DECLARATION OF CONDOMINIUM THE PENN SQUARE HOTEL AND CONVENTION CENTER, A CONDOMINIUM Table of Contents Page ARTICLE I SUBMISSION ............................................................................................................ 1 Section 1.1 Declarant; Property; Condominium Name; Amendment and Restatement ............................................................................................................. 1 Section 1.2 Title .......................................................................................................... 1 ARTICLE II DEFINITIONS .......................................................................................................... 2 Section 2.1 Terms Defined in the Act ......................................................................... 2 Section 2.2 Terms Specifically Defined in This Declaration ..................................... 2 Section 2.3 Provisions of the Act ................................................................................ 8 Section 2.4 Provisions of other governing law ........................................................... 8 ARTICLE III UNIT BOUNDARIES, MAINTENANCE RESPONSIBILITIES, RESERVES, CONVERSION OF UNITS AND EXCLUSION OF WARRANTY .......... 8 Section 3.1 Unit Boundaries. ...................................................................................... 8 Section 3.2 Maintenance Responsibilities of Units and Common Elements .............. 9 Section 3.3 Maintenance Responsibilities of Sidewalks............................................. 9 Section 3.4 Reserves. ................................................................................................ 10 Section 3.5 Conversion of Units ............................................................................... 11 Section 3.6 Exclusion of Warranty ........................................................................... 11 ARTICLE IV ALLOCATION OF PERCENTAGE INTERESTS; COMMON EXPENSES AND VOTING RIGHTS ............................................................................. 11 Section 4.1 Percentage Interests ............................................................................... 11 Section 4.2 Allocation of Unit Owner’s Voting Rights ............................................ 11 ARTICLE V EASEMENTS; TITLE MATTERS ........................................................................ 11 Section 5.1 Additional Easements ............................................................................ 11 Section 5.2 Title Matters ........................................................................................... 14 Section 5.3 Naming Rights ....................................................................................... 14 Section 5.4 Use of Common Elements; Rooftops and Air Rights ............................ 15 ARTICLE VI RESTRICTIONS ON USE; LEASES OF UNITS ................................................ 16 Section 6.1 Use of Units ........................................................................................... 16 Section 6.2 Lease of Units ........................................................................................ 17 Section 6.3 Lighting .................................................................................................. 17 ARTICLE VII MORTGAGES ..................................................................................................... 17 Section 7.1 Restrictions on Mortgages ..................................................................... 17 Section 7.2 Notice of Mortgages .............................................................................. 17 Section 7.3 Register .................................................................................................. 17 Section 7.4 Notice of Unit Owner Default ................................................................ 18 Section 7.5 Liability for Use and Charges ................................................................ 18 Section 7.6 Condemnation Rights............................................................................. 18 lccca.comSection 7.7 Approval of Mortgagees ........................................................................ 18 Section 7.8 Books and Records ................................................................................ 18 DMEAST #25357795 v7 ARTICLE VIII INSURANCE; CASUALTY .............................................................................. 19 Section 8.1 Types and Amounts of Insurance .......................................................... 19 Section 8.2 Insurance to be Maintained by the Association ..................................... 19 Section 8.3 Policies ................................................................................................... 20 Section 8.4 Waiver of Subrogation ........................................................................... 20 Section 8.5 Casualty.................................................................................................. 21 Section 8.6 Indemnification ...................................................................................... 21 ARTICLE IX LIMITATION OF LIABILITY ............................................................................. 21 Section 9.1 Limited Liability of the Executive Board .............................................. 21 Section 9.2 Indemnification ...................................................................................... 22 Section 9.3 Joint and Several Liability of Unit Owners and Lessees ....................... 22 Section 9.4 Defense of Claims .................................................................................. 23 ARTICLE X UNITS SUBJECT TO CONDOMINIUM DOCUMENTS; RIGHTS RESERVED; EMINENT DOMAIN ................................................................................ 23 Section 10.1 Applicability of Condominium Documents ........................................... 23 Section 10.2 Right Reserved ....................................................................................... 23 Section 10.3 Eminent Domain .................................................................................... 23 ARTICLE XI EXECUTIVE BOARD OF THE ASSOCIATION ............................................... 24 Section 11.1 Members. ............................................................................................... 24 Section 11.2 Disputes.................................................................................................. 24 Section 11.3 Amendments to the Condominium Documents ..................................... 24 Section 11.4 Abating and Enjoining Violations by Unit Owners ............................... 25 ARTICLE XII MANAGEMENT ................................................................................................. 25 Section 12.1 Common Manager ................................................................................. 25 Section 12.2 Termination by a Unit Owner or the Association .................................. 25 Section 12.3 Termination by the Manager .................................................................. 26 Section 12.4 Replacement Management ..................................................................... 26 Section 12.5 Third Party Service Contracts ................................................................ 26 Section 12.6 Indemnification ...................................................................................... 27 ARTICLE XIII ASSESSMENTS; LIABILITY OF UNIT OWNERS......................................... 27 Section 13.1 Power to Assess ..................................................................................... 27 Section 13.2 Special Assessments .............................................................................. 27 Section 13.3 Payment of Assessments ........................................................................ 27 Section 13.4 Failure to Fix New Assessments ............................................................ 27 Section 13.5 No Exemption by Waiver ...................................................................... 28 Section 13.6 Personal Liability of Unit Owners ......................................................... 28 Section 13.7 Liability of Purchaser of Unit for Unpaid Assessments ........................ 28 Section 13.8 Subordination of Certain Charges .......................................................... 28 Section 13.9 Working Capital Fund............................................................................ 28 ARTICLE XIV GENERAL PROVISIONS ................................................................................. 29 Section 14.1 Headings ................................................................................................ 29 Section 14.2 Severability ............................................................................................ 29 Section 14.3 Applicable Law ...................................................................................... 29 Section 14.4 Interpretation .......................................................................................... 29 lccca.comSection 14.5 Effective Date ........................................................................................ 29 Section