Common use of COMMON PARTS Clause in Contracts

COMMON PARTS. The right to assign to the Manager without consideration the Common Part Shares and the Common Parts, which shall be held by the Manager in trust for the Owners in accordance with this Deed.

Appears in 7 contracts

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

COMMON PARTS. The right to assign to the Manager without consideration the Common Part Parts Shares and the Common Parts, which shall be held by the Manager in trust for the Owners in accordance with this Deed.

Appears in 3 contracts

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