Common use of Discretionary Food and Beverage Allowance Clause in Contracts

Discretionary Food and Beverage Allowance. In accordance with the phased nature of the Scheme, the Purchaser acknowledges that the Seller will be reserving a real right of extension in favour of Harbour Bay Village (Pty) Ltd to develop phase 2 to 5 of the development as envisaged in section 25(1) of the Sectional Titles Act by the erection and completion from time to time but within a period of 10 (TEN) years from date of opening of the Sectional Title Register, for its own account further buildings on a part of the Common Property and to divide such buildings into sections and common property and to confer the right to exclusive use over parts of such common property upon the owner or owners of one or more of such sections.

Discretionary Food and Beverage Allowance. In accordance with the phased nature of the Scheme, the Purchaser acknowledges that the Seller will be reserving a three real right rights of extension in favour of Harbour Bay Village (Pty) Ltd to develop phase 2 to 5 2, 3 and 4 of the development as envisaged in section 25(1) of the Sectional Titles Act by the erection and completion from time to time but within a period of 10 5 (TENFIVE) years from date of opening of the Sectional Title Register, for its own account further buildings on a part of the Common Property and to divide such buildings into sections and common property and to confer the right to exclusive use over parts of such common property upon the owner or owners of one or more of such sections.