BODY CORPORATE RULES. It is recorded that the Seller shall, when submitting the application for the opening of the Sectional Title Register in respect of the Scheme, to register the Rules for the Body Corporate in terms of Section 35 of the Act.
BODY CORPORATE RULES. 11.1 It is recorded that the Seller intends, when submitting the application for the opening of the register in respect of the scheme, to register Management and Conduct Rules for the Body Corporate under section 35 of the Act in the form as is attached hereto m arked “H”, which rules inter alia provide that an amount of five percent (5%) of the contributions payable by the members to the Body Corporate in terms of section 37(1) of the Act in respect of every financial year, shall be paid to a Val de Vie Community Trust, which trust shall be an NPO Trust to be established by the developer with the sole aim of providing assistance to the disadvantaged communities in the Winelands area.
BODY CORPORATE RULES. 22.1 The Purchaser shall on the Transfer date become a member of the Body Corporate and shall be bound by its rules for so long as the purchaser is a registered owner; Initial here
BODY CORPORATE RULES. 23.1 It is recorded that the Body Corporate shall be deemed to be established on the registration of the first transfer in terms of section 36 of the Sectional Titles Act, the functions and powers of which Body Corporate shall be assigned to the Century City Urban Square POA in accordance with clause 22.3 above.
BODY CORPORATE RULES. 11.1 It is recorded that the Seller intends, when submitting the application for the opening of the register in respect of the scheme, to register Management and Conduct Rules for the Body Corporate under section 35 of the Act in the form as is attached hereto m arked “H”, which rules inter alia provide that 5% of the monthly levies payable in respect of all units in the scheme to the Body Corporate in perpetuity shall be paid to a Val de Vie Community Trust Fund, which trust shall be an NPO Trust to be established by the developer with the sole aim of providing assistance to the disadvantaged communities in the Winelands area.
BODY CORPORATE RULES. 11 . 1 I t i s recorded that the body corporate shall be deemed to be established on the registr ation of the f i rst t ransfer in terms of section 2 of the Sectional Titles Schemes Management Act.
BODY CORPORATE RULES. 31.1 The Management and Conduct Rules of the SCHEME shall be the Management and Conduct rules contained in the ACT duly amended by the Conveyancer upon the opening of the Sectional Title Register so as to incorporate all the relevant provisions of this AGREEMENT in such form and as amended in terms of any requirements stipulated by the Community Schemes Ombudsman.
BODY CORPORATE RULES. 9.1 The Body Corporate shall have as its rules the rules in a form determined in the Vendor's sole discretion having regard to the nature of the Development and if applicable desirable for the benefit of any development of land adjoining the Land by the Vendor or any associated person. Administration Agreement
BODY CORPORATE RULES. 13.1 The Purchaser shall be bound by the Body Corporate Rules as amended by the Seller before the sectional title register has been opened and by the Body Corporate after the sectional title register was opened. The Purchaser irrevocably agrees to vote for and to support any subsequent amendments to the Body Corporate Rules requested by the Seller.
BODY CORPORATE RULES. 1. The draft body corporate rules are attached to the Agreement at schedule 4.
