ASSOCIATION OF ALLOTTEES Sample Clauses

ASSOCIATION OF ALLOTTEES. ‟ means a collective body of the Allottees of a real estate project, by whatever named called, registered under any law for the time being in force, acting as a group to serve the cause of its members and shall include the authorized representatives of the allottees, which cooperate in the maintenance and administration of common areas and amenities and facilities provided in the project while independently retaining control of its own internal affairs and administration in respect of the buildings for which they are formed;
Sample 1Sample 2
AutoNDA by SimpleDocs
ASSOCIATION OF ALLOTTEES. 12.1 Upon 51% of the total number of apartments in the Real Estate Project being booked by allottees, the Promoter shall submit an application to the competent authorities to form a co-operative housing society or an Association or Condominium or a Limited Company, to comprise solely of the Allottee and other current/future allottees of apartments in the Real Estate Project, under the provisions of the Xxxxxxxxxxx Xx-xxxxxxxxx Xxxxxxxxx Xxx, 0000 and the Rules made thereunder or any other Act and Rules made thereunder, read with RERA and the RERA Rules (“Association of Allottees”).
Sample 1
ASSOCIATION OF ALLOTTEES. ‟ shall always mean and include the Private Trust initially formed by the Promoter and/or any of the nominee of the Promoter and every available Allottees at that time shall participate for such formation and that the same shall be solely and exclusively for the benefit of the Allottees / Owners of all the Apartment and other areas of the Project which right shall accure to them only upon making entire payment and taking physical possession of their respective Apartment and other areas and the name of such Trust shall be “AMBIENT XXXXX OWNERS‟ ASSOCIATION” (herein called „said Association‟), which shall not be altered, changed and/or modified, and wherein initially the trustees shall be 2 (two) nominees of the Promoter and after conveyance or physical possession (whichever is earlier) of the total saleable area of all the Apartments in the Project is completed, the new additional trustees (total number of trustees shall be minimum 3 numbers and maximum 10 numbers excluding the original two trustees) shall be appointed by the then existing trustee by way of election on the basis of simple majority from and amongst the Allottees who have made entire payments and taken physical possession of the respective Apartments and the Beneficiaries of said Association shall have de-facto ownership of such part/s of Appurtenant Common Area which would conveyed to said Association on their respective account and such Association is and shall be for the welfare of the Allottees / Owners of all the Apartments in the Project and all the profits and/or earnings in said Association shall not be distributed to the Beneficiaries of said Association and instead shall be spent, used and utilized from said Association for the welfare and common purpose of the Beneficiaries and that all capital, funds and other requirements of the said Association shall be provided and contributed by the Allottees of all the apartments in the Project in the manner as be decided by the Board of Trustees of the said Association and in default such disciplinary action may be taken against the defaulting Allottee as be decided by the Board of Trustee of the said Association and further that the said Association is and shall always be treated as Association of Allottees pursuant of the requirement of the Act aforesaid and same is and shall always be deemed to be in compliance of Section 11(4)(e) of the Act aforesaid;
Sample 1
ASSOCIATION OF ALLOTTEES. Establishment and all other expenses of said Association Of Allottees or any agency looking after the common areas.
Sample 1
ASSOCIATION OF ALLOTTEES. 11.1 The Promoter shall submit an application to the competent authorities to form a co-operative housing society to comprise solely of the Allottee and other allottees of apartments in the Real Estate Project or in Project - Vicino, in accordance with and under the provisions of the Maharashtra Co- operative Societies Act, 1960 and the Rules made thereunder, read with RERA and the RERA Rules (“Association of Allottees”).
Sample 1

Related to ASSOCIATION OF ALLOTTEES

  • Selection of Arbitrators 1. Unless the disputing parties otherwise agree, the tribunal shall comprise three arbitrators:

  • Location of Arbitration The arbitration shall take place in Oklahoma City, Oklahoma, and the arbitrator shall issue any award at the place of arbitration. The arbitrator may conduct hearings and meetings at any other place agreeable to the parties or, upon the motion of a party, determined by the arbitrator as necessary to obtain significant testimony or evidence.

  • Initiation of Arbitration Pursuant to Section 110 of the Arbitration Act, the parties agree that a party may initiate Arbitration by giving written notice to the other party (“Arbitration Notice”) in the same manner that notice is permitted under Section 9.13 of the Agreement; provided, however, that the Arbitration Notice may not be given by email or fax. Arbitration will be deemed initiated as of the date that the Arbitration Notice is deemed delivered to such other party under Section 9.13 of the Agreement (the “Service Date”). After the Service Date, information may be delivered, and notices may be given, by email or fax pursuant to Section 9.13 of the Agreement or any other method permitted thereunder. The Arbitration Notice must describe the nature of the controversy, the remedies sought, and the election to commence Arbitration proceedings. All Claims in the Arbitration Notice must be pleaded consistent with the Utah Rules of Civil Procedure.

  • LAW APPLICABLE AND COMPETENT COURT 6.1 The Agreement is governed by [insert the national law of the NA].

  • Jury or Court Witness Duty The Employer shall grant leave of absence without loss of seniority to an employee who is called as a juror or witness in any court. The Employer shall pay such an employee the difference between the normal earnings and the payment received for jury service or court witness, excluding payment for travelling, meals, or other expenses. The employee will present proof of service and the amount of pay received.

  • Arbitration Award All arbitration awards shall be final and binding as provided by Section 42 of the Trade Union Act. An arbitrator may not alter, modify or amend any part of this Agreement, but shall have the power to modify or set aside any unjust penalty of discharge, suspension or discipline imposed by the Employer on an Employee.

  • Arbitration Rules and Forum The Federal Arbitration Act governs the interpretation and enforcement of this Arbitration Agreement. To begin an arbitration proceeding, you must send a letter requesting arbitration and describing your claim to our registered agent Exodus Movement, Inc. 000 Xxxxxx Xxxxx Xxxxx, Xxxxxxxxxx, XX 00000, with a copy to Exodus Movement, Inc. 00000 Xxxx Xxxxxx, No. 333, Omaha, NE 68137. The arbitration will be conducted by JAMS, an established alternative dispute resolution provider. Disputes involving claims and counterclaims under $250,000, not inclusive of attorneys’ fees and interest, will be subject to JAMS’s most current version of the Streamlined Arbitration Rules and procedures available at xxxx://xxx.xxxxxxx.xxx/rules-streamlined-arbitration/; all other claims will be subject to JAMS’s most current version of the Comprehensive Arbitration Rules and Procedures, available at xxxx://xxx.xxxxxxx.xxx/rules-comprehensive- arbitration/. JAMS’s rules are also available at xxx.xxxxxxx.xxx or by calling JAMS at 000-000-0000. If JAMS is not available to arbitrate, the parties will select an alternative arbitral forum. If the arbitrator finds that you cannot afford to pay JAMS’s filing, administrative, hearing and/or other fees and cannot obtain a waiver from JAMS, Exodus will pay them for you. In addition, Exodus will reimburse all such JAMS’s filing, administrative, hearing and/or other fees for claims totalling less than $10,000 unless the arbitrator determines the claims are frivolous. Likewise, Xxxxxx will not seek attorneys’ fees and costs in arbitration unless the arbitrator determines the claims are frivolous. You may choose to have the arbitration conducted by telephone, based on written submissions, or in person in New Castle County, Delaware. Any judgment on the award rendered by the arbitrator may be entered in any court of competent jurisdiction. All arbitration pleadings and proceedings will be conducted in English.

  • Paid Jury or Court Witness Duty Leave The Employer shall grant leave of absence without loss of seniority to an Employee who serves as a juror or witness in any court. The Employer shall pay such an Employee the difference between normal earnings and the payment received for jury service or court witness, excluding payment for traveling, meals or other expenses. The Employee will present proof of service and the amount of pay received. Time spent by an Employee required to serve as a court witness in any matter arising out of her employment, shall be considered as time worked at the appropriate rate of pay.

  • Arbitration of Grievances If a grievance brought under Division B (GRIEVANCES) of this Article is not resolved at Step Three of that procedure, the Association may submit the matter to arbitration. Notice of intent to arbitrate (Appendix D) must be filed with the President of the University within twenty (20) working days of the date of the decision at Step Three. If no notice of intent to arbitrate is filed within the time limit, the right to arbitrate is thereby waived.

Time is Money Join Law Insider Premium to draft better contracts faster.