Common use of Appointment of Proxy Clause in Contracts

Appointment of Proxy. 16.1 The Buyer appoints the Seller (including a nominee of the Seller) as the proxy of the Buyer to vote at a general meeting of the Body Corporate on the following matters: (a) the engagement of a person as a Body Corporate Manager or service contractor or authorising a person as a letting agent if the details of the engagement or authorisation were disclosed to the Buyer before the Buyer entered into this Contract; (b) authorising a service contractor or letting agent to use a part of the Common Property; (c) consenting to the recording of a new Community Management Statement to include any new By-Law reasonably required by the Seller; (d) all matters raised in the Disclosure Statement; (e) consenting to the recording of a new Community Management Statement to include details not inconsistent with the matters contained in this Contract. This proxy is irrevocable for a period of one (1) year after the Community Titles Scheme is established or changed, whichever is the longer. 16.2 The Buyer agrees to ratify and confirm any action taken by the Seller to vote at meetings of the Body Corporate using this proxy. 16.3 While this proxy remains in force the Buyer must not transfer or assign the Lot other than to a transferee or assignee who has first agreed to be bound by the provisions of this Clause and who has executed a proxy in favour of the Seller in the same terms as this Clause. 16.4 The Buyer will not grant a mortgage of the Lot without first providing a copy of this Contract to the mortgagee and procuring the mortgagees agreement to be bound by the provisions of this Clause. 16.5 The Buyer shall execute and deliver to the Seller by Settlement the proxy form contained in the Disclosure Statement, duly completed and signed in favour of the Seller or its nominee.

Appointment of Proxy. 16.1 15.1 The Buyer appoints the Seller (including a nominee of the Seller) as the proxy of the Buyer to vote at a general meeting of the Body Corporate on the following matters: (a) the engagement of a person as a Body Corporate Manager or service contractor or authorising a person as a letting agent if the details of the engagement or authorisation were disclosed to the Buyer before the Buyer entered into this Contract; (b) authorising a service contractor or letting agent to use a part of the Common Property; (c) consenting to the recording of a new Community Management Statement to include any new By-Law reasonably required by the Seller; (d) all matters raised in the Disclosure Statement; (e) consenting to the recording of a new Community Management Statement to include details not inconsistent with the matters contained in this Contract. This proxy is irrevocable for a period of one (1) year after the Community Titles Scheme is established or changed, whichever is the longer. 16.2 15.2 The Buyer agrees to ratify and confirm any action taken by the Seller to vote at meetings of the Body Corporate using this proxy. 16.3 15.3 While this proxy remains in force the Buyer must not transfer or assign the Lot other than to a transferee or assignee who has first agreed to be bound by the provisions of this Clause clause and who has executed a proxy in favour of the Seller in the same terms as this Clauseclause. 16.4 15.4 The Buyer will not grant a mortgage of the Lot without first providing a copy of this Contract to the mortgagee and procuring the mortgagees agreement to be bound by the provisions of this Clauseclause. 16.5 15.5 The Buyer shall execute and deliver to the Seller by Settlement the proxy form contained in the Disclosure Statement, duly completed and signed in favour of the Seller or its nominee.