Examples of Statutory Supervisor in a sentence
If there is no Statutory Supervisor, the consultation is to take place at an appropriate time that is a reasonable time before settlement of the transaction.
To insure and keep insured with a reputable insurance company all buildings, the Operator’s Chattels in the Village and capital improvements or additional fittings provided by residents for their full replacement value against loss or damage by fire earthquake and other usual insurable risks, to the satisfaction of the Statutory Supervisor.
The Operator shall insure and keep insured with a reputable insurance company all buildings and the Operator's Chattels in the Village for their full replacement value against loss or damage by fire, earthquake and other usual insurable risks, to the satisfaction of the Statutory Supervisor.
The Statutory Supervisor's remuneration and reimbursement of any costs, charges and expenses payable to the Statutory Supervisor shall be for the account of the Limited Partnership.
The procedure to be followed if there ceases to be a Statutory Supervisor will be the procedure as set out in the terms of the existing Deed of Participation with the Statutory Supervisor or as prescribed in the Retirement Villages Xxx 0000.
If this condition has not been satisfied by date, then either the Operator or the Licensee may cancel this Agreement and in such event, any deposit paid in terms of this Agreement shall be refunded by the Statutory Supervisor to the Licensee, together with any accrued net interest.
The Resident acknowledges and agrees that the Operator will not receive payment for such new Occupation Right Agreement until such payment is authorised by the Statutory Supervisor in accordance with the Deed of Supervision, which requires amongst other matters that the cooling off period prescribed by the Act for such new Occupation Right Agreement has expired (“Repayment Date”).
If the Limited Partners fail to appoint a new General Partner, the Statutory Supervisor shall be entitled to appoint a new General Partner of the Limited Partnership, with effect from registration of the appointment with the Registrar in accordance with the Limited Partnerships Act.
In the event a new lease is not entered into Presbyterian Support Otago Incorporated or its successors in title will assume our obligations as operator of the Village under a Security Sharing and Priority Deed which has been entered into between us, the Statutory Supervisor, Presbyterian Support Otago Incorporated and Westpac Banking Corporation Limited.
To comply with any conditions imposed by the Registrar of Retirement Villages in the Registrar’s decision to grant an exemption to appoint a Statutory Supervisor to the Village.