Common use of Buyer to Participate in Formation of Association Clause in Contracts

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 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 Seller 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 Property.

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 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/ 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 Seller 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 PropertyPremises.

Buyer to Participate in Formation of Association. The Buyer admits and accepts that the Buyer and other buyers Intending Buyer of Units in the Said Complex 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/ 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 Seller Developer 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 The Association shall look after the maintenance of the Common Portions of the Said Complex Block and the Said Property.

Buyer to Participate in Formation of Association. The Buyer admits and accepts that the Buyer and other buyers Intending Buyers of Units in the Said Complex 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/ 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 Seller Developer 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 The Association shall look after the maintenance of the Common Portions of the Said Complex Block and the Said Property.

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 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 Seller 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 PropertyPremises.

Buyer to Participate in Formation of Association. The Buyer admits and accepts that the Buyer and other buyers of Units in the Said Complex in Phase –II 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/ 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 Seller Ideal 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 PropertyPremises.

Buyer to Participate in Formation of Association. The Buyer admits and accepts that the Buyer and other buyers Intending Buyers of Units in the Said Complex Building 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/ Expenses/Maintenance Charges Charegs and the Common Expenses/Maintenance Charges Deposit paid by the Buyer (after adjustment of all amounts then remaining due and payable) shall be transferred by the Seller Developer 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 The Association shall look after the maintenance of the Common Portions of the Said Complex Building and the Said PropertyPremises.

Buyer to Participate in Formation of Association. The Buyer admits and accepts that the Buyer and other buyers Intending Buyers of Units Flats in the Said Complex Building 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/ Expenses/Maintenance Charges and the Common Expenses/Maintenance Deposit paid by the Buyer (after Buyer(after adjustment of all amounts then remaining due and payable) shall be transferred by the Seller Developer 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 The Association shall look after the maintenance of the Common Portions of the Said Complex Block and the Said PropertyPremises.

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 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 Seller 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 PropertyPremises.

Buyer to Participate in Formation of Association. The Buyer admits and accepts that the Buyer and other buyers Intending Buyer of Units in the Said Complex 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/ Expenses/Maintenance Charges and the Common Expenses/Expenses/ Maintenance Deposit paid by the Buyer (after adjustment of all amounts then remaining due and payable) shall be transferred by the Seller Developer 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 The Association shall look after the maintenance of the Common Portions of the Said Complex Block and the Said Property.

Buyer to Participate in Formation of Association. The Buyer admits and accepts that the Buyer and other buyers Intending Buyer of Units Flats in the Said Complex 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/ 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 Seller Developer 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 The Association shall look after the maintenance of the Common Portions of the Said Complex and the Said PropertyPremises.

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 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 Seller Developer 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 Property.

Buyer to Participate in Formation of Association. The Buyer admits and accepts that the Buyer and other buyers Intending Buyers of Units in the Said Complex Building 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 Common Expenses/Advance Common Expenses/ Maintenance Charges received in advance from the Buyer and the deposits towards Common Expenses/Maintenance Deposit Charges paid by the Buyer (after adjustment of all amounts then remaining due and payable) shall be transferred by the Seller Developer/Confirming Party 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 The Association shall look after the maintenance of the Common Portions of the Said Complex Building and the Said PropertyPremises.

Buyer to Participate in Formation of Association. The Buyer admits and accepts that the Buyer and other buyers of Units Flats in the Said Complex Building shall form the Association and the Buyer shall become a member thereof. The Buyer shall bear bears and pay pays 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 executes and deliver delivers 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/ 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 Seller Sellers to the Association. The deposits shall thereafter be held by the Association in the account of the Buyer. Notwithstanding Till formation of the Association, the Facility Manager shall look after the maintenance of the Common Portions of the Said Complex Building and the Said PropertyPremises.

Buyer to Participate in Formation of Association. The Buyer admits and accepts that the Buyer and other buyers of Units in the Said Complex Building 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/ 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 Seller Owner No. 2/Developer 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 Building and the Said PropertyPremises.