Common use of Cessation of Office of Members Clause in Contracts

Cessation of Office of Members. The chairman and every member of the Owners’ Committee shall retire from office at the next annual general meeting following his appointment or election but shall be eligible for re-appointment or re- election but subject to this he shall hold office until:- (a) he resigns by notice in writing to the Owners’ Committee; or (b) in the case of an elected member, he ceases to be eligible or is not re-elected at the meeting of Owners at which he stands for re-election; or (c) he becomes bankrupt or insolvent or enters into a composition with his creditors or is convicted of a criminal offence other than a summary offence not involving his honesty or integrity; or (d) he becomes incapacitated by physical or mental illness or death; or (e) in the case of an elected member he is removed from office by the Owners whom he represents by ordinary resolution of a duly convened meeting of such Owners or in the case of an appointed member he is removed from office by notice to that effect to the Owners’ Committee given by the Owners who have the right to appoint him; or (f) he or the person appointing or authorising him ceases to be an Owner of the Undivided Shares; or (g) he resides abroad. In any of the events provided for in sub-clauses (a), (c), (d), (e) or (f) above, the Manager shall convene a meeting of the Owners who have elected the member concerned to fill the casual vacancy thereby created if the member concerned is an elected member, and the Owners who are entitled to appoint the member concerned shall have the right to fill the casual vacancy thereby created if the member concerned is an appointed member.

Appears in 4 contracts

Samples: Deed of Mutual Covenant and Management Agreement, Deed of Mutual Covenant and Management Agreement, Deed of Mutual Covenant and Management Agreement

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Cessation of Office of Members. The chairman and every member of the Owners’ Committee shall retire from office at the next annual general meeting following his appointment or election but shall be eligible for re-appointment or re- re-election but subject to this he shall hold office until:- (a) he resigns by notice in writing to the Owners’ Committee; or (b) in the case of an elected member, he ceases to be eligible or is not re-elected at the meeting of Owners at which he stands for re-election; or (c) he becomes bankrupt or insolvent or enters into a composition with his creditors or is convicted of a criminal offence other than a summary offence not involving his honesty or integrity; or (d) he becomes incapacitated by physical or mental illness or death; or (e) in the case of an elected member he is removed from office by the Owners whom he represents by ordinary resolution of a duly convened meeting of such Owners or in the case of an appointed member he is removed from office by notice to that effect to the Owners’ Committee given by the Owners who have the right to appoint him; or (f) he or the person appointing or authorising him ceases to be an Owner of the Undivided Shares; or (g) he resides abroad. In any of the events provided for in sub-clauses (a), (c), (d), (e) or (f) above, the Manager shall convene a meeting of the Owners who have elected the member concerned to fill the casual vacancy thereby created if the member concerned is an elected member, and the Owners who are entitled to appoint the member concerned shall have the right to fill the casual vacancy thereby created if the member concerned is an appointed member.

Appears in 2 contracts

Samples: Deed of Mutual Covenant and Management Agreement, Deed of Mutual Covenant and Management Agreement

Cessation of Office of Members. The chairman and every member members of the Owners' Committee shall retire from hold office until the annual general meeting of the Owners next following the annual general meeting of Owners or the meeting of Owners (as the case may be) on which their appointment or election is made PROVIDED THAT if in any annual general meeting of the Owners at which an election of the members of the Owners' Committee should take place, the office of the retiring members or any of them is not filled, or if in any year no annual general meeting of the Owners is held, the members of the Owners' Committee shall, subject to Clause 7.6 hereof, continue to hold office until the next annual general meeting following his appointment or election but of the Owners. A member of the Committee shall be eligible for re-appointment or re- election but subject nevertheless cease to this he shall hold office until:-if:- (a) he resigns by notice in writing to the Owners’ Committee; or (b) in the case of an elected member, he ceases to be eligible or is not re-elected at the meeting of the Owners at which he stands for re-election; or (c) he becomes bankrupt or insolvent or enters into a composition with his creditors or is convicted of a criminal offence other than a summary offence not involving his honesty or integrity; or (d) he becomes incapacitated by physical or mental illness or death; or (e) in the case of an elected member he is removed from office by the Owners whom he represents by ordinary resolution of a duly convened meeting of such Owners or in the case of an appointed member he is removed from office by notice to that effect to the Owners’ Committee given by the Owners who have the right to appoint him; or (f) he or the person appointing or authorising him ceases to be an Owner of the Undivided Shares; or (g) he resides abroad. In any of the events provided for in sub-clauses clause (a), (c), (d), (e), (f) or (fg) above, the Manager shall convene a meeting of the Owners who have elected the member concerned to fill the casual vacancy thereby created if the member concerned is an elected member, and the Owners who are entitled to appoint the member concerned shall have the right to fill the casual vacancy thereby created if the member concerned is an appointed member.

Appears in 1 contract

Samples: Deed of Mutual Covenant and Management Agreement

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Cessation of Office of Members. The chairman and every member of the Owners' Committee shall retire from office at the next annual general meeting following his appointment or election but shall be eligible for re-appointment or re- re-election but subject to this he shall hold office until:-until :- (a) he resigns by notice in writing to the Owners' Committee; or (b) in the case of an elected member, he ceases to be eligible or is not re-elected at the meeting of Owners at which he stands for re-election; or (c) he becomes bankrupt or insolvent or enters into a composition with his creditors or is convicted of a criminal offence other than a summary offence not involving his honesty or integrity; or (d) he becomes incapacitated by physical or mental illness or death; or (e) in the case of an elected member he is removed from office by the Owners whom he represents by ordinary resolution of a duly convened meeting of such Owners or in the case of an appointed member he is removed from office by notice to that effect to the Owners' Committee given by the Owners who have the right to appoint him; or (f) he or the person appointing or authorising him ceases to be an Owner of the Undivided Shares; or (g) he resides abroad. In any of the events provided for in sub-clauses (a), (c), (d), (e) or (f) above, the Manager shall convene a meeting of the Owners who have elected the member concerned to fill the casual vacancy thereby created if the member concerned is an elected member, and the Owners who are entitled to appoint the member concerned shall have the right to fill the casual vacancy thereby created if the member concerned is an appointed member.

Appears in 1 contract

Samples: Deed of Mutual Covenant and Management Agreement

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