Formation of the Association. Till the completion of the Project or part thereof, the Developer shall look after and maintain of the common parts and portions of the complex. However, upon completion of the Project and till formation of an Association/Society/LLP/Maintenance Company (hereinafter referred to as the ASSOCIATION). On formation of the Association the Purchaser/s shall become a member of the Association if formed or to be formed. The Purchaser/s shall bear and pay the proportionate costs of formation and the expenses of the Association and shall pay for, acquire and hold shares with proportionate voting rights and in this regard the Purchaser/s shall sign, execute and deliver necessary applications and all other papers, declarations and documents as may be required for formation of the Association.
Formation of the Association. The Association was formed in 1991 to represent Crown Counsel regarding remuneration, benefits, employment conditions, other terms and conditions of employment or services, and in all matters of professional interest.2 It represents approximately 400 Crown Counsel throughout British Columbia.
Formation of the Association. The Developer shall look after and maintain the common parts and portions of the project till its completion or part thereof. However, from the time the purchaser becomes liable for payment of the maintenance charges and till the formation of an Association/Society/LLP (hereinafter referred to as the ASSOCIATION) under the West Bengal Apartment Ownership Act, 1972 the Maintenance of the common parts and portions and rendition of common services shall be rendered by the Owner No.1 i.e. Xxxxxx Xxxxx Xxxxxx through his Facility Management Company (hereinafter referred to as the FMC) and the Purchaser shall be liable to make payment of such maintenance charges to such FMC. On formation of the Association, the Purchaser/s shall become a member of the Association if formed or to be formed. The Purchaser/s shall acquire and hold shares with proportionate voting rights and in this regard the Purchaser/s shall sign, execute and deliver necessary applications and all other papers, declarations and documents as may be required for formation of the Association. Until formation of the Association, the FMC shall look after the Common Purposes including the management and maintenance of the Premises and the Building. Upon formation of the Association, all rights and obligations with regard to the Common Purposes and the residue then remaining of the security deposit and other deposits, if any, made by the Purchaser/s for the Common Purposes, after adjustment all amounts then remaining due and payable, shall be transferred to the Association. The amounts aforesaid shall be held by the Association in the account of the Purchaser/s respectively, for the purposes thereof.
Formation of the Association. The Second Party shall become and remain a member of the Apartment Owners’ Association to be established by the First Party on or before completion of one year from the Completion Date. The Second Party hereby authorizes the First Party to form the Apartment Owners’ Association and on formation of the same, the Association shall henceforth be responsible for maintenance and all aspects and issues relating to the Apartment Complex and shall comply with requisite Statutory requirements. The said apartment owners’ association shall be called “Project Name Apartment Owner’s Association”, herein after referred to as Apartment Owners’ Association.
