Buyer to Participate in Formation of Association. The Buyer admits and accepts that the Buyer and other Intending Buyer of Units in the Said Block shall form the Association and the Buyer shall become a member thereof. The Buyer shall bear and pay the proportionate costs of formation and the expenses of the Association and shall pay for, acquire and hold membership with voting rights and in this regard the Buyer shall sign, execute and deliver necessary applications and all other papers, declarations and documents as may be required. Upon formation of the Association, the residue then remaining of the Advance Common Expenses/Maintenance Charges and the Common Expenses/Maintenance Deposit paid by the Buyer (after adjustment of all amounts then remaining due and payable) shall be transferred by the Developer to the Association. The deposits shall thereafter be held by the Association in the account of the Buyer. The Association shall look after the maintenance of the Common Portions of the Said Block and the Said Property.
Buyer to Participate in Formation of Association. Subject to the provisions of Clause 8.3.2 (e) above, the Buyer admits and accepts that the Buyer shall join the Association and become a member thereof with voting rights. In this regard, the Buyer shall sign, execute and deliver necessary applications and all other papers, declarations and documents as may be required by Vendor/Association (upon formation). Notwithstanding formation of the Association, the Facility Manager may look after the maintenance of the Common Portions. Each Transferee will be entitled to cast one vote irrespective of the size of his Flat.
Buyer to Participate in Formation of Association. The Buyer admits and accepts that the Buyer and other Transferees of Units in the Said Complex shall form the Association and the Buyer shall become a member thereof. The Buyer shall bear and pay the proportionate expenses of the Association and shall acquire and hold membership with voting rights and in this regard the Buyer shall sign, execute and deliver necessary applications and all other papers, declarations and documents as may be required. Notwithstanding formation of the Association, the Facility Manager shall look after the maintenance of the Common Portions. Each Unit owner will be entitled to cast a vote irrespective of his/her/its size of Unit.
Buyer to Participate in Formation of Association. The Buyer admits and accepts that the Buyer and other Intending Buyers of Flats in the Said Complex shall form the Association as per the prevailing law and the Buyer shall become a member thereof.
Buyer to Participate in Formation of Association. The Buyer admits and accepts that the Buyer, the Intending Buyers shall form the Association and the Buyer shall become a member thereof. The Buyer shall bear and pay the proportionate expenses of the Association and shall acquire and hold membership with voting rights and in this regard the Buyer shall sign, execute and deliver necessary applications and all other papers, declarations and documents as may be required. Notwithstanding formation of the Association, the Facility Manager shall look after the maintenance of the Common Portions and the Specified Facilities. Each Flat owner will be entitled to cast a vote irrespective of his/her/its size of Flat. It is clarified herein that upon formation of the Association, the residue then remaining of the Common Expenses/Maintenance Charges and the Sinking Fund paid by the Buyer (after adjustment of all amounts then remaining due and payable) shall be transferred by the Developer to the Association.
Buyer to Participate in Formation of Association. Subject to the provisions of Clause 8.4.1 (d) above, the Buyer admits and accepts that the Buyer and the other Intending Buyers of Flats in the Said Building form the Association and the Buyer shall become the member thereof The Buyer shall bear and pay the proportionate expenses of the Association and shall acquire and hold membership with voting rights and in this regard, the Buyer shall sign, execute and deliver necessary applications and all other papers, declarations and documents as may be required. Notwithstanding formation of the Association, the Facility Manager shall look after the maintenance of the Common Portions and the Specified Facilities. Each Flat owner will be entitled to cast a vote irrespective of his/her/its size of Flat. The Buyer further admits and accepts that the Buyer shall not object to the Intending Buyers of the Said Building joining the Association.
Buyer to Participate in Formation of Association. The Buyer admits and accepts that the Buyer and other buyers of Units in the Said Complex shall form the Association and the Buyer shall become a member thereof. The Assignor may form only one Association for this complex as well as for the adjacent complex for better management of common areas. The Buyer agrees not to raise any objection to this. The Buyer shall bear and pay the proportionate costs of formation and the expenses of the Association and shall pay for, acquire and hold membership with voting rights and in this regard the Buyer shall sign, execute and deliver necessary applications and all other papers, declarations and documents as may be required. Upon formation of the Association, the residue then remaining of the Advance Common Expenses/Maintenance Charges and the Common Expenses/Maintenance Deposit paid by the Buyer (after adjustment of all amounts then remaining due and payable) shall be transferred by the Assignor to the Association. The deposits shall thereafter be held by the Association in the account of the Buyer. Notwithstanding formation of the Association, the Facility Manager shall look after the maintenance of the Common Portions of the Said Complex and the Said Premises.
Buyer to Participate in Formation of Association. The Buyer admits and accepts that the Buyer and other co-owners shall form die Association and the Buyer shall become a member thereof and only to the extent of unsold flats, if any, the Developer shall become a member of the Association. The Buyer shall bear and pay the proportionate costs of formation and the expenses of the Association and shall pay for, acquire and hold membership with proportionate voting rights and in this regard the Buyer shall sign, execute and deliver necessary applications and all other papers, declarations and documents as may be required. The Buyer also admits and accepts that until formation of the Association, the Developer shall look after the maintenance of the Complex and Premises. Upon formation of the Association, all rights and obligations with regard to maintenance and the residue then remaining of the Deposits, if any, made by the Buyer, after adjustment all amounts then remaining due and payable, shall be transferred to the Association. The Deposits shall thereafter be held by the Association in the account of the Buyer respectively, for the purposes thereof.
Buyer to Participate in Formation of Association. Subject to the provisions of clause 8.6 above, the Buyer admits and accepts that the Buyer and the other Intending Buyers of Flats in the Project will form the Association and the Buyer shall become a member of the Association. The Buyer shall bear and pay the proportionate expenses of the Association and shall acquire and hold membership with voting rights and in this regard, the Buyer shall sign, execute and submit/ deliver necessary applications and all other papers, declarations and documents as may be required. Notwithstanding formation of the Association, the Facility Manager, subject to clause of 9.7, shall look after the maintenance of the Common Portions and the Specified Facilities. Each Flat Owner will be entitled to cast a vote irrespective of his/her/its size of Flat. The Buyer further admits and accepts that the Buyer shall not object to the Intending Buyers of Other Blocks of the Project joining the Association.
Buyer to Participate in Formation of Association. The Buyer admits and accepts that the Buyer and other intending Buyer of office units in the Project Property shall form the Association and the Buyer shall become a member thereof. The Buyer shall bear and pay the proportionate expenses of the Association and shall acquire and hold membership with voting rights and in this regard the Buyer shall sign, execute and deliver necessary applications and all other papers, declarations and documents as may be required. Notwithstanding formation of the Association, the Facility Manager shall look after the maintenance of the Common Areas. Each apartment owner will be entitled to cast a vote irrespective of his/her/its size of Apartment.
