Common use of Allottee to Participate in Formation of Association and Apex Body Clause in Contracts

Allottee to Participate in Formation of Association and Apex Body. The Allottee admits and accepts that the Allottee and other intending allottees/owners of bungalows/apartments/other developments comprised in the Said Complex shall form the Association and the Allottee shall become a member thereof. Further, the Association shall be bound to form a common maintenance body with all similar associations of all bungalow/building/s in the Other Residential Component/Non-Residential Component for supervision of maintenance of the facilities common for occupants of the Said Complex (“Apex Body”). The Allottee shall bear and pay the proportionate expenses of the Association and the Apex Body (including but not limited to the association formation expenses) and shall acquire and hold membership with voting rights and in this regard the Allottee shall sign, execute and deliver necessary applications and all other papers, declarations and documents as may be required. Notwithstanding formation of the Association and the Apex Body, the Facility Manager shall look after the maintenance of the Common Areas. Each bungalow owner will be entitled to cast a vote irrespective of his/her/its size of Bungalow. The Allottee further admits and accepts that the Allottee shall ensure and not object to the Association joining the Apex Body or in case of a single association being formed for the entirety of the Said Complex, joining such association without raising any objection.

Appears in 2 contracts

Samples: Agreement for Sale, Draft Agreement Siddha Suburbia

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Allottee to Participate in Formation of Association and Apex Body. The Allottee admits Allotteeadmits and accepts that the Allottee and other intending allottees/owners of bungalows/apartments/other developments comprised developmentscomprised in the Said Complex shall form the Association and the Allottee shall become a member thereof. Further, the Association shall be bound to form a common maintenance body with all similar associations of all bungalow/building/s in the Other Residential Component/Non-Residential Component for supervision of maintenance of the facilities common for occupants of the Said Complex (“Apex Body”). The Allottee shall bear and pay the proportionate expenses of the Association and the Apex Body (including but not limited to the association formation expenses) and shall acquire and hold membership with voting rights and in this regard the Allottee shall Allotteeshall sign, execute and deliver necessary applications and all other papers, declarations and documents as may be required. Notwithstanding formation of the Association and the Apex Body, the Facility Manager shall look after the maintenance of the Common Areas. Each bungalow owner will be entitled to cast a vote irrespective of his/her/its size of Bungalow. The Allottee further admits and accepts that the Allottee shall ensure and not object to the Association joining the Apex Body or in case of a single association being formed for the entirety of the Said Complex, joining such association without raising any objection.

Appears in 1 contract

Samples: Agreement for Sale

Allottee to Participate in Formation of Association and Apex Body. The Allottee admits and accepts that the Allottee and other intending allottees/owners of bungalowsFlats/apartments/other developments comprised in the Said Complex shall form the Association and the Allottee shall become a member thereof. Further, the Association shall be bound to form a common maintenance body with all similar associations of all bungalowFlat/buildingFlat/s in the Other Residential Component/Non-Residential Component for supervision of maintenance of the facilities common for occupants of the Said Complex (“Apex Body”). The Allottee shall bear and pay the proportionate expenses of the Association and the Apex Body (including but not limited to the association formation expenses) and shall acquire and hold membership with voting rights and in this regard the Allottee shall sign, execute and deliver necessary applications and all other papers, declarations and documents as may be required. Notwithstanding formation of the Association and the Apex Body, the Facility Manager shall look after the maintenance of the Common Areas. Each bungalow Flat owner will be entitled to cast a vote irrespective of his/her/its size of BungalowFlat. The Allottee further admits and accepts that the Allottee shall ensure and not object to the Association joining the Apex Body or in case of a single association being formed for the entirety of the Said Complex, joining such association without raising any objection.

Appears in 1 contract

Samples: Draft Agreement

Allottee to Participate in Formation of Association and Apex Body. The Allottee admits and accepts that the Allottee and other intending allottees/owners allottees of bungalows/apartments/other developments comprised apartments in the Said Complex shall form the Association and the Allottee shall become a member thereof. Further, the Association shall be bound to form a common maintenance body with all similar associations of all bungalow/building/s in the Other Residential Component/Non-Residential Component for supervision of maintenance of the facilities common for occupants of the Said Complex (“Apex Body”). The Allottee shall bear and pay the proportionate expenses of the Association and the Apex Body (including but not limited to the association formation expenses) and shall acquire and hold membership with voting rights and in this regard the Allottee shall sign, execute and deliver necessary applications and all other papers, declarations and documents as may be required. Notwithstanding formation of the Association and the Apex Body, the Facility Manager shall look after the maintenance of the Common Areas. Each bungalow apartment owner will be entitled to cast a vote irrespective of his/her/its size of BungalowApartment. The Allottee further admits and accepts that the Allottee shall ensure and not object to the Association joining the Apex Body or Body. In this regard and notwithstanding anything to the contrary mentioned in case of a single association being formed for this Agreement it is made clear that the Promoter shall at its discretion have the liberty to form the Association after the entirety of the Said Complex, joining such association without raising Whole Project is completed and the Allottee shall not raise any objectionobjection in any manner whatsoever in connection with the aforesaid discretionary right of the Promoter.

Appears in 1 contract

Samples: Agreement for Sale

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Allottee to Participate in Formation of Association and Apex Body. The Allottee admits and accepts that the Allottee and other intending allottees/owners of bungalowsFlats/apartments/other developments comprised in the Said Complex shall form the Association and the Allottee shall become a member thereof. Further, the Association shall be bound to form a common maintenance body with all similar associations of all bungalowFlat/buildingFlat/s in sin the Other Residential Component/Non-Residential Component for supervision of maintenance of the facilities common for occupants of the Said Complex (“Apex Body”). The Allottee shall bear and pay the proportionate expenses of the Association and the Apex Body (including but not limited to the association formation expenses) and shall acquire and hold membership with voting rights and in this regard the Allottee shall sign, execute and deliver necessary applications and all other papers, declarations and documents as may be required. Notwithstanding formation of the Association and the Apex Body, the Facility Manager Association shall look after the maintenance of the Common Areas. Each bungalow Flat owner will be entitled to cast a vote irrespective of his/her/its size of BungalowFlat. The Allottee further admits and accepts that the Allottee shall ensure and not object to the Association joining the Apex Body or in case of a single association being formed for the entirety of the Said Complex, joining such association without raising any objection.

Appears in 1 contract

Samples: Agreement for Sale

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