Common use of Facility Manager Clause in Contracts

Facility Manager. Ideal shall arrange for maintenance and management of specified services with regard to the Common Portions of the Said Complex either itself or through 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 Common Expenses/ Maintenance Charges (3) subject to Clause 8.4.2(e) above, the Buyer shall be bound to pay the Common Expenses/Maintenance Charges to the Facility Manager (4) the Facility Manager will not be required to render any accounts for the Common Expenses/Maintenance Charges to the Buyer and it shall be deemed that the Facility Manager is rendering the specified services to the Buyer for commercial consideration (5) the ownership of the Common Portions (subject to the terms of this Agreement) shall vest in all the co-owners of the Said Complex in the Said Premises through the Association and the Facility Manager shall merely be the service provider for rendition of specified services with regard to the Common Portions and (6) the Facility Manager may be replaced by the consent of 80% (eighty percent) or more of the co-owners of the Said Complex.

Facility Manager. Ideal The Assignor shall arrange for maintenance and management of specified services with regard to the Common Portions of the Said Complex either itself or through 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 Common Expenses/ Expenses/Maintenance Charges (3) subject to Clause 8.4.2(e8.4.2 (e) above, the Buyer shall be bound to pay the Common Expenses/Maintenance Charges to the Facility Manager (4) the Facility Manager will not be required to render any accounts for the Common Expenses/Expenses/ Maintenance Charges to the Buyer and it shall be deemed that the Facility Manager is rendering the specified services to the Buyer for commercial consideration (5) the ownership of the Common Portions (subject to the terms of this Agreement) shall vest in all the co-owners of the Said Complex in the Said Premises through the Association and the Facility Manager shall merely be the service provider for rendition of specified services with regard to the Common Portions and (6) the Facility Manager may be replaced by the consent of 80% (eighty percent) or more of the co-co- owners of the Said Complex.

Facility Manager. Ideal The Owner No. 2/Developer shall arrange for maintenance and management of specified services with regard to the Common Portions of the Said Complex either itself or through 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 Portions, (2) the Facility Manager shall levy and collect the Common Expenses/ Expenses/Maintenance Charges Charges, (3) subject to Clause 8.4.2(e8.4.2 (e) above, the Buyer shall be bound to pay the Common Expenses/Maintenance Charges to the Facility Manager Manager, (4) the Facility Manager will not be required to shall render any accounts for account of the Common Expensescommon expenses/Maintenance Charges maintenance charges to the Buyer and it shall be deemed that Owner No. 2/Developer and/or the Facility Manager is rendering the specified services to the Buyer for commercial consideration association, (5) the ownership of the Common Portions (subject to the terms of this Agreement) shall vest in all the co-owners of the Said Complex in the Said Premises Building through the Association and the Facility Manager shall merely be the service provider for rendition of specified services with regard to the Common Portions and (6) the Facility Manager may be replaced by the consent of 80% (eighty percent) or more of the co-owners of the Said ComplexBuilding.

Facility Manager. Ideal The Assignor shall arrange for maintenance and management of specified services with regard to the Common Portions of the Said Complex either itself or through 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 Portions, (2) the Facility Manager shall levy and collect the Common Expenses/ Expenses/Maintenance Charges Charges, (3) subject to Clause 8.4.2(e8.4.2 (e) above, the Buyer shall be bound to pay the Common Expenses/Maintenance Charges to the Facility Manager Manager, (4) the Facility Manager will not be required to render any accounts for the Common Expenses/Maintenance Charges to the Buyer and it shall be deemed that the Facility Manager is rendering the specified services to the Buyer for commercial consideration consideration, (5) the ownership of the Common Portions (subject to the terms of this Agreement) shall vest in all the co-owners of the Said Complex in the Said Premises through the Association and the Facility Manager shall merely be the service provider for rendition of specified services with regard to the Common Portions and (6) the Facility Manager may be replaced by the consent of 80% (eighty percent) or more of the co-owners of the Said Complex.