Common use of EXCLUSIVE USE AREAS Clause in Contracts

EXCLUSIVE USE AREAS. 19.1. The Seller may elect that certain parts of the Common Property are created and allocated as Exclusive Use Areas in terms of Section 10(7) and 10(8) of the STSMA. In such event: 19.1.1. the Exclusive Use Areas and the allocation thereof and right thereto, will be embodied in the Rules; and 19.1.2. Transfer (in relation to Exclusive Use Area/s so created and allocated) shall mean that the rights to the Exclusive Use Area/s have or will be created and allocated in accordance with the Rules (as contemplated in sections 10(7) and 10(8) of the STSMA), prior to the Registration Date. 19.2. The Purchaser, as prospective member of the Body Corporate: 19.2.1. acknowledges that the Rules may be substituted or amended in accordance with this clause above, that is, to create Exclusive Use Areas and allocate the use thereof to an owner of a Unit; and 19.2.2. hereby grants an exclusive and irrevocable power or attorney or proxy to the Seller to vote on its behalf at any meeting of the Body Corporate (or to vote in favour of any written resolution of the Body Corporate) for acceptance of the Rules as they may have been substituted or amended as contemplated in this clause 19 above.