Facility Manager. The Promoter shall hand over management and upkeep of all Common Areas to a professional kid lily management organization (Facility Manager). In this regard, it is clarified that (1) the Facility Manager shall operate, manage and renderspecified day to day services with regard to the common areas of the Said Complex (2) the Facility Manager shall levy and collect the common expenses/maintenance charges (3)the Allottee shall be bound to pay the common expenses/maintenance charges to the Facility Manager (4) the Facility Manager, being a professional commercial organization, will not be required to render any accounts to the Allottee and it shall be deemed that the Facility Manager is rendering the services to the Allottee for commercial considerations (5) the Facility Manager shall merely be the service provider for rendition of services with regard to the common portions and no superior rights with regard to the common portions shall vest in the Facility Manager and(6) the Facility Manager may be replaced by consent of 80% (eighty percent) or more of the Allottees of the Said Complex/Whole Project.
Appears in 5 contracts
Samples: Sale Agreement, Sale Agreement, Sale Agreement
Facility Manager. The Promoter shall hand over management and upkeep of all Common Areas to a professional kid lily facility management organization (Facility Manager). In this regard, it is clarified that (1) the Facility Manager shall operate, manage and renderspecified render specified day to day services with regard to the common areas Common Areas of the Said Complex (2) the Facility Manager shall levy and collect the common expensesCommon Expenses/maintenance charges Maintenance Charges (3)the Allottee 3) the Allottees shall be bound to pay the common expensesCommon Expenses/maintenance charges Maintenance Charges to the Facility Manager (4) the Facility Manager, being a professional commercial organization, will not be required to render any accounts to the Allottee Allottees and it shall be deemed that the Facility Manager is rendering the services to the Allottee Allottees for commercial considerations (5) the Facility Manager shall merely be the service provider for rendition of services with regard to the common portions and no superior rights with regard to the common portions Common Areas shall vest in the Facility Manager and(6and (6) the Facility Manager may be replaced by consent of 80% (eighty percent) or more of the Allottees allottees of the Said Complex/Whole Project.
Appears in 2 contracts
Samples: Agreement for Sale, Agreement for Sale
Facility Manager. The Promoter shall hand over management and upkeep of all Common Areas to a professional kid lily facility management organization (Facility Manager). In this regard, it is clarified that (1) the Facility Manager shall operate, manage and renderspecified render specified day to day services with regard to the common areas of the Said Complex (2) the Facility Manager shall levy and collect the common expenses/maintenance charges (3)the Allottee Allottees shall be bound to pay the common expenses/maintenance charges to the Facility Manager (4) the Facility Manager, being a professional commercial organization, will not be required to render any accounts to the Allottee Allottees and it shall be deemed that the Facility Manager is rendering the services to the Allottee Allottees for commercial considerations (5) the Facility Manager shall merely be the service provider for rendition of services with regard to the common portions and no superior rights with regard to the common portions shall vest in the Facility Manager and(6) the Facility Manager may be replaced by consent of 80% (eighty percent) or more of the Allottees of the Said Complex/Whole Project.
Appears in 2 contracts
Samples: Partnership Agreement, Partnership Agreement
Facility Manager. The Promoter shall Promoters can hand over management and upkeep of all Common Areas to a professional kid lily facility management organization (Facility Manager). In this regard, it is clarified that (1) the Facility Manager shall operate, manage and renderspecified render specified day to day services with regard to the common areas of the Said Complex (2) the Facility Manager shall levy and collect the common expenses/maintenance charges (3)the Allottee shall be bound to pay the common expenses/maintenance charges to the Facility Manager (4) the Facility Manager, being a professional commercial organization, will not be required to render any accounts to the Allottee and it shall be deemed that the Facility Manager is rendering the services to the Allottee for commercial considerations (5) the Facility Manager shall merely be the service provider for rendition of services with regard to the common portions and no superior rights with regard to the common portions shall vest in the Facility Manager and(6) the Facility Manager may be replaced by consent of 80% (eighty percent) or more of the Allottees allottees of the Said Complex/Whole Project.
Appears in 2 contracts
Samples: Sale Agreement, Sale Agreement
Facility Manager. The Promoter shall hand over management and upkeep of all Common Areas to a professional kid lily facility management organization (Facility Manager). In this regard, it is clarified that (1) the Facility Manager shall operate, manage and renderspecified render specified day to day services with regard to the common areas of the Said Complex (2) the Facility Manager shall levy and collect the common expenses/maintenance charges (3)the Allottee shall be bound to pay the common expenses/maintenance charges to the Facility Manager (4) the Facility Manager, being a professional commercial organization, will not be required to render any accounts to the Allottee and it shall be deemed that the Facility Manager is rendering the services to the Allottee for commercial considerations (5) the Facility Manager shall merely be the service provider for rendition of services with regard to the common portions and no superior rights with regard to the common portions shall vest in the Facility Manager and(6) the Facility Manager may be replaced by consent of 80% (eighty percent) or more of the Allottees allottees of the Said Complex/Whole Project.
Appears in 1 contract
Samples: Transfer Agreement
Facility Manager. The Promoter shall hand over management and upkeep of all Common Areas to a professional kid lily facility management organization (Facility Manager). In this regard, it is clarified that that
(1) the Facility Manager shall operate, manage and renderspecified render specified day to day services with regard to the common areas Common Areas of the Said Complex (2) the Facility Manager shall levy and collect the common expensesCommon Expenses/maintenance charges Maintenance Charges (3)the Allottee 3) the Allottees shall be bound to pay the common expensesCommon Expenses/maintenance charges Maintenance Charges to the Facility Manager (4) the Facility Manager, being a professional commercial organization, will not be required to render any accounts to the Allottee Allottees and it shall be deemed that the Facility Manager is rendering the services to the Allottee Allottees for commercial considerations (5) the Facility Manager shall merely be the service provider for rendition of services with regard to the common portions Common Areas and no superior rights with regard to the common portions Common Areas shall vest in the Facility Manager and(6) the Facility Manager may be replaced by consent of 80% (eighty percent) or more of the Allottees allottees of the Said Complex/Whole Project.
Appears in 1 contract
Samples: Sale Agreement
Facility Manager. The Promoter shall hand over management and upkeep of all Common Areas to a professional kid lily facility management organization (Facility Manager). In this regard, it is clarified that (1) the Facility Manager shall operate, manage and renderspecified render specified day to day services with regard to the common areas of the Said Complex (2) the Facility Manager shall levy and collect the common expenses/maintenance charges (3)the Allottee shall be bound to pay the common expenses/maintenance charges to the Facility Manager (4) the Facility Manager, being a professional commercial organization, will not be required to render any accounts to the Allottee and it shall be deemed that the Facility Manager is rendering the services to the Allottee for commercial considerations (5) the Facility Manager shall merely be the service provider for rendition of services with regard to the common portions and no superior rights with regard to the common portions shall vest in the Facility Manager and(6) the Facility Manager may be replaced by consent of 80% (eighty percent) or more of the Allottees of the Said Complex/Whole Project.
Appears in 1 contract
Facility Manager. The Promoter shall hand over management and upkeep of all Common Areas to a professional kid lily facility management organization (Facility Manager). In this regard, it is clarified that (1) the Facility Manager shall operate, manage and renderspecified render specified day to day services with regard to the common areas of the Said Complex (2) the Facility Manager shall levy and collect the common expenses/maintenance charges (3)the Allottee shall be bound to pay the common expenses/maintenance charges to the Facility Manager (4) the Facility Manager, being a professional commercial organization, will not be required to render any accounts to the Allottee and it shall be deemed that the Facility Manager is rendering the services to the Allottee for commercial considerations (5) the Facility Manager shall merely be the service provider for rendition of services with regard to the common portions and no superior rights with regard to the common portions shall vest in the Facility Manager and(6) the Facility Manager may be replaced by consent of 80% (eighty percent) or more of the Allottees of allotteesof the Said Complex/Whole Project.
Appears in 1 contract
Samples: Sale Agreement
Facility Manager. The Promoter shall hand over management and upkeep of all Common Areas to a professional kid lily facility management organization (Facility Manager). In this regard, it is clarified that (1) the Facility Manager shall operate, manage and renderspecified render specified day to day services with regard to the common areas Common Areas of the Said Complex (2) the Facility Manager shall levy and collect the common expensesCommon Expenses/maintenance charges Maintenance Charges (3)the 3) the Allottee shall be bound to pay the common expensesCommon Expenses/maintenance charges Maintenance Charges to the Facility Manager (4) the Facility Manager, being a professional commercial organization, will not be required to render any accounts to the Allottee and it shall be deemed that the Facility Manager is rendering the services to the Allottee for commercial considerations (5) the Facility Manager shall merely be the service provider for rendition of services with regard to the common portions Common Areas and no superior rights with regard to the common portions Common Areas shall vest in the Facility Manager and(6and (6) the Facility Manager may be replaced by consent of 80% (eighty percent) or more of the Allottees allottees of the Said Complex/Whole Project.
Appears in 1 contract
Samples: Sale Agreement
Facility Manager. The Promoter shall hand Promoter/Developer could have handed over the management and upkeep of all Common Areas common areas to a professional kid lily facility management organization (Facility Manager). In this regard, it is clarified that (1) the Facility facility Manager shall operate, manage and renderspecified render specified day to day services with regard to the common areas of the Said Complex said complex (2) the Facility Manager facility manager shall levy and collect the common expenses/maintenance charges (3)the 3) the Allottee shall be bound to pay the common expenses/maintenance charges to the Facility Manager facility manager (4) the Facility facility Manager, being a professional commercial organization, will not be required to render any accounts to the Allottee and it shall be deemed that the Facility Manager is rendering the services to the Allottee for commercial considerations (5) the Facility facility Manager shall merely be the service provider for rendition of services with regard to the common portions and no superior rights with regard to the common portions shall vest in the Facility Manager and(6and (6) the Facility Manager may be replaced by consent of 80% (eighty percent) or more of the Allottees allottee of the Said Complex/Whole said complex /whole Project.
Appears in 1 contract
Samples: Sale Agreement
Facility Manager. The Promoter shall hand over management and upkeep of all Common Areas to a professional kid lily facility management organization (Facility Manager). In this regard, it is clarified that (1) the Facility Manager shall operate, manage and renderspecified render specified day to day services with regard to the common areas of the Said Complex (2) the Facility Manager shall levy and collect the common expenses/maintenance charges (3)the Allottee shall be bound to pay the common expenses/maintenance charges to the Facility Manager (4) the Facility Manager, being a professional commercial organization, will not be required to render any accounts to the Allottee and it shall be deemed that the Facility Manager is rendering the services to the Allottee for commercial considerations (5) the Facility Manager shall merely be the service provider for rendition of services with regard to the common portions and no superior rights with regard to the common portions shall vest in the Facility Manager and(6) the Facility Manager may be replaced by consent of 80% (eighty percent) or more of the Allottees of allotteesof the Said Complex/Whole Said Project.
Appears in 1 contract
Samples: Agreement for Sale
Facility Manager. The Promoter shall hand over management and upkeep of all Common Areas to a professional kid lily facility management organization (Facility Manager). In this regard, it is clarified that (1) the Facility Manager shall operate, manage and renderspecified render specified day to day services with regard to the common areas of the Said Complex (2) the Facility Manager shall levy and collect the common expenses/maintenance charges (3)the 3) the Allottee shall be bound to pay the common expenses/maintenance charges to the Facility Manager (4) the Facility Manager, being a professional commercial organization, will not be required to render any accounts to the Allottee and it shall be deemed that the Facility Manager is rendering the services to the Allottee for commercial considerations (5) the Facility Manager shall merely be the service provider for rendition of services with regard to the common portions and no superior rights with regard to the common portions shall vest in the Facility Manager and(6and (6) the Facility Manager may be replaced by consent of 80% (eighty percent) or more of the Allottees allottees of the Said Complex/Whole Project.
Appears in 1 contract
Samples: Sale Agreement
Facility Manager. The Promoter shall hand over management and upkeep of all Common Areas to a professional kid lily facility management organization (Facility Manager). In this regard, it is clarified that (1) the Facility Manager shall operate, manage and renderspecified render specified day to day services with regard to the common areas of the Said Complex (2) the Facility Manager shall levy and collect the common expenses/maintenance charges (3)the Allottee 3)theAllottee shall be bound to pay the common expenses/maintenance charges to the Facility Manager (4) the Facility Manager, being a professional commercial organization, will not be required to render any accounts to the Allottee and it shall be deemed that the Facility Manager is rendering the services to the Allottee for commercial considerations (5) the Facility Manager shall merely be the service provider for rendition of services with regard to the common portions and no superior rights with regard to the common portions shall vest in the Facility Manager and(6) the Facility Manager may be replaced by consent of 80% (eighty percent) or more of the Allottees of allotteesof the Said Complex/Whole Project.
Appears in 1 contract
Samples: Sale Agreement
Facility Manager. The Promoter shall hand over management and upkeep of all Common Areas to a professional kid lily facility management organization (Facility Manager). In this regard, it is clarified that (1) the Facility Manager shall operate, manage and renderspecified render specified day to day services with regard to the common areas of areasof the Said Complex (2) the Facility Manager shall levy and collect the common expenses/maintenance charges (3)the Allottee shall be bound to pay the common expenses/maintenance charges to the Facility Manager (4) the Facility Manager, being a professional commercial organization, will not be required to render any accounts to the Allottee and it shall be deemed that the Facility Manager is rendering the services to the Allottee for commercial considerations (5) the Facility Manager shall merely be the service provider for rendition of services with regard to the common portions and no superior rights with regard to the common portions shall vest in the Facility Manager and(6) the Facility Manager may be replaced by consent of 80% (eighty percent) or more of the Allottees of allotteesof the Said Complex/Whole Project.
Appears in 1 contract
Samples: Sale Agreement
Facility Manager. The Promoter Developer shall hand over management and upkeep of all the Common Areas Portions and the Specified Facilities to a professional kid lily facility management organization (Facility Manager). In this regard, it is clarified that (1) the Facility Manager shall operate, manage and renderspecified day to render specified day-to-day services with regard to the common areas Common Portions of the Said Complex (2) the Facility Manager shall levy and collect the common expensesCommon Expenses/maintenance charges Maintenance Charges (3)the Allottee 3) the Buyer shall be bound to pay the common expensesCommon Expenses/maintenance charges Maintenance Charges to the Facility Manager (4) the Facility Manager, being a professional commercial organization, will not be required to render any accounts to the Allottee Buyer and it shall be deemed that the Facility Manager is rendering the services to the Allottee Buyer for commercial considerations (5) the Facility Manager shall merely be the service provider for rendition of services with regard to the common portions Common Portions and the Specified Facilities and no superior rights with regard to the common portions Common Portions and the Specified Facilities shall vest in the Facility Manager and(6and (6) the Facility Manager may be replaced by consent of 8075% (eighty seventy five percent) or more of the Allottees of the Said Complex/Whole ProjectIntending Buyers.
Appears in 1 contract
Samples: Partnership Agreement
Facility Manager. The Promoter shall hand over management and upkeep of all Common Areas to a professional kid lily facility management organization (Facility Manager). In this regard, it is clarified that (1) the Facility Manager shall operate, manage and renderspecified render specified day to day services with regard to the common areas of the Said Complex (2) the Facility Manager shall levy and collect the common expenses/maintenance charges (3)the 3) the Allottee shall be bound to pay the common expenses/maintenance charges to the Facility Manager (4) the Facility Manager, being a professional commercial organization, will not be required to render any accounts to the Allottee and it shall be deemed that the Facility Manager is rendering the services to the Allottee for commercial considerations (5) the Facility Manager shall merely be the service provider for rendition of services with regard to the common portions and no superior rights with regard to the common portions shall vest in the Facility Manager and(6) the Facility Manager may be replaced by consent of 80% (eighty percent) or more of the Allottees allottees of the Said Complex/Whole Project.
Appears in 1 contract
Samples: Agreement for Sale
Facility Manager. The Promoter shall hand over management and upkeep of all Common Areas to a professional kid lily facility management organization (Facility Manager). In this regard, it is clarified that (1) the Facility Manager shall operate, manage and renderspecified render specified day to day services with regard to the common areas of the Said Complex (2) the Facility Manager shall levy and collect the common expenses/maintenance charges (3)the Allottee Purchaser shall be bound to pay the common expenses/maintenance charges to the Facility Manager (4) the Facility Manager, being a professional commercial organization, will not be required to render any accounts to the Allottee Purchaser and it shall be deemed that the Facility Manager is rendering the services to the Allottee Purchaser for commercial considerations (5) the Facility Manager shall merely be the service provider for rendition of services with regard to the common portions and no superior rights with regard to the common portions shall vest in the Facility Manager and(6) the Facility Manager may be replaced by consent of 80% (eighty percent) or more of the Allottees Purchaser of the Said Complex/Whole Said Project.
Appears in 1 contract
Samples: Deed of Conveyance
Facility Manager. The Promoter shall Promotercan hand over management and upkeep of all Common Areas to a professional kid lily facility management organization (Facility Manager). In this regard, it is clarified that (1) the Facility Manager shall operate, manage and renderspecified render specified day to day services with regard to the common areas of the Said Complex (2) the Facility Manager shall levy and collect the common expenses/maintenance charges (3)the Allottee 3)theAllottee shall be bound to pay the common expenses/maintenance charges to the Facility Manager (4) the Facility Manager, being a professional commercial organization, will not be required to render any accounts to the Allottee and it shall be deemed that the Facility Manager is rendering the services to the Allottee for commercial considerations (5) the Facility Manager shall merely be the service provider for rendition of services with regard to the common portions and no superior rights with regard to the common portions shall vest in the Facility Manager and(6) the Facility Manager may be replaced by consent of 80% (eighty percent) or more of the Allottees of allotteesof the Said Complex/Whole Project.
Appears in 1 contract
Samples: Sale Agreement
Facility Manager. The Promoter shall hand over management and upkeep of all Common Areas to a professional kid lily facility management organization (Facility Manager). In this regard, it is clarified that (1) the Facility Manager shall operate, manage and renderspecified render specified day to day services with regard to the common areas of Common Areasof the Said Complex (2) the Facility Manager shall levy and collect the common expensesCommon Expenses/maintenance charges Maintenance Charges (3)the Allottee shall be bound to pay the common expensesCommon Expenses/maintenance charges Maintenance Charges to the Facility Manager (4) the Facility Manager, being a professional commercial organization, will not be required to render any accounts to the Allottee and Allotteeand it shall be deemed that the Facility Manager is rendering the services to the Allottee for commercial considerations (5) the Facility Manager shall merely be the service provider for rendition of services with regard to the common portions Common Areas and no superior rights with regard to the common portions Common Areas shall vest in the Facility Manager and(6) the Facility Manager may be replaced by consent of 80% (eighty percent) or more of the Allottees of allotteesof the Said Complex/Whole Project.
Appears in 1 contract
Samples: Sale Agreement
Facility Manager. The Promoter shall hand over management and upkeep of all Common Areas to a professional kid lily facility management organization (Facility Manager). In this regard, it is clarified that (1) the Facility Manager shall operate, manage and renderspecified render specified day to day services with regard to the common areas of the Said Complex Project (2) the Facility Manager shall levy and collect the common expenses/maintenance charges (3)the 3) the Allottee shall be bound to pay the common expenses/maintenance charges to the Facility Manager (4) the Facility Manager, being a professional commercial organization, will not be required to render any accounts to the Allottee and it shall be deemed that the Facility Manager is rendering the services to the Allottee for commercial considerations (5) the Facility Manager shall merely be the service provider for rendition of services with regard to the common portions and no superior rights with regard to the common portions shall vest in the Facility Manager and(6and (6) the Facility Manager may be replaced by consent of 80% (eighty percent) or more of the Allottees allottees of the Said Complex/Whole ProjectProject Property.
Appears in 1 contract
Samples: Sale Agreement
Facility Manager. The Promoter shall hand over management and upkeep of all Common Areas to a professional kid lily facility management organization (Facility Manager). In this regard, it is clarified that (1) the Facility Manager shall operate, manage and renderspecified render specified day to day services with regard to the common areas of the Said Complex (2) the Facility Manager shall levy and collect the common expenses/maintenance charges (3)the 3) the Allottee shall be bound to pay the common expenses/maintenance charges to the Facility Manager (4) the Facility Manager, being a professional commercial organization, will not be required to render any accounts to the Allottee and it shall be deemed that the Facility Manager is rendering the services to the Allottee for commercial considerations (( 5) the Facility Manager shall merely be the service provider for rendition of services with regard to the common portions and no superior rights with regard to the common portions shall vest in the Facility Manager and(6) the Facility Manager may be replaced by consent of 80% (eighty percent) or more of the Allottees allottees of the Said Complex/Whole Project.
Appears in 1 contract
Samples: Agreement for Sale
Facility Manager. The Promoter shall hand over management and upkeep of all Common Areas to a professional kid lily facility management organization (Facility Manager). In this regard, it is clarified that (1) the Facility Manager shall operate, manage and renderspecified render specified day to day services with regard to the common areas Common Areas of the Said Complex (2) the Facility Manager shall levy and collect the common expensesCommon Expenses/maintenance charges Maintenance Charges (3)the 3) the Allottee shall be bound to pay the common expensesCommon Expenses/maintenance charges Maintenance Charges to the Facility Manager (4) the Facility Manager, being a professional commercial organization, will not be required to render any accounts to the Allottee and it shall be deemed that the Facility Manager is rendering the services to the Allottee for commercial considerations (5) the Facility Manager shall merely be the service provider for rendition of services with regard to the common portions Common Areas and no superior rights with regard to the common portions Common Areas shall vest in the Facility Manager and(6) the Facility Manager may be replaced by consent of 80% (eighty percent) or more of the Allottees allottees of the Said Complex/Whole Project.
Appears in 1 contract
Samples: Sale Agreement