Common use of Facility Manager Clause in Contracts

Facility Manager. The Developer shall hand over management and upkeep of the Common Portions to a professional facility management organization (Facility Manager). In this regard, it is clarified that (1) the Facility Manager shall operate, manage and render specified day-to-day services with regard to the Common Portions (2) the Facility Manager shall levy and collect the Maintenance Charges (3) the Buyers shall be bound to pay the 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 Buyers and it shall be deemed that the Facility Manager is rendering the services to the Buyers 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/removed by consent of 75% (Seventy five percent) or more of the Complex Co-Owners.

Facility Manager. The Developer shall may hand over management and upkeep of the all Common Portions to a professional facility management organization (Facility Manager). In this regard, it is clarified that (1) the Facility Manager shall operate, manage and render specified day-to-day to day services with regard to the Common Portions (2) the Facility Manager shall levy and collect the Common Expenses/Maintenance Charges (3) the Buyers Buyer 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 Buyers Buyer and it shall be deemed that the Facility Manager is rendering the specified services to the Buyers Buyer for commercial considerations (5) the Facility Manager shall merely be the service provider for rendition of specified 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/removed replaced by consent of 7580% (Seventy five eighty percent) or more of the Complex Coco-Ownersowners of the Said Complex.

Facility Manager. The Developer shall hand over management and upkeep of the Common Portions (excluding the Said Club) to a professional facility management organization (Facility Manager). In this regard, it is clarified that (1) the Facility Manager shall operate, manage and render specified day-to-day services with regard to the Common Portions (2) the Facility Manager shall levy and collect the Maintenance Charges (3) the Buyers Transferee shall be bound to pay the 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 Buyers Transferee and it shall be deemed that the Facility Manager is rendering the services to the Buyers Transferee 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/removed replaced by consent of 7580% (Seventy five percenteighty per cent) or more of the Complex Co-Owners.