Common use of Database Clause in Contracts

Database. In terms of the Constitution, the Trustees shall be entitled to establish and keep a database of all the Properties in the Estate which may be for sale for potential purchasers of Properties in the Estate. If a Purchaser of a Property purchase a Property in the Estate and such database is the effective cause of such sale, then the Owner of the Property shall pay to the Association an additional levy equal to 1% (One Percent) of the value of the Property upon the Transfer Date. The provisions of paragraphs 13.10 ii, iii and 13.11 above shall be applicable to such sale, mutatis mutandis.

Database. In terms of the Constitution, the Trustees shall be entitled to establish and keep a database of all the Properties in the Estate which may be for sale for potential purchasers of Properties in the Estate. If a Purchaser of a Property purchase a Property in the Estate and such database is the effective cause of such sale, then the Owner of the Property shall pay to the Association an additional levy equal to 1% (One Percent) of the value of the Property upon the Transfer Date. The provisions of paragraphs 13.10 ii13.10, iii 13.11 and 13.11 13.12 above shall be applicable to such sale, mutatis mutandis.