General Provisions re Termination. (a) Without limiting the generality of Clause 4.1, no provision of this Deed shall limit the application of Schedule 7 to the BMO by restricting or prohibiting the termination of the DMC Manager’s appointment or his resignation during the initial term of two (2) years of its appointment. (b) If any person has given an undertaking in writing to, or has entered into an agreement with, the Government to manage or be responsible for the management of the Building, and the Owners’ Corporation has appointed a Manager under Clause 4.1(c)(vii)(2) above, the Owners’ Corporation shall be deemed to have given to that person an instrument of indemnity under which the Owners’ Corporation shall be liable to indemnify that person in respect of any act or omission by the Manager appointed under that Clause 4.1(c)(vii)(2) that may otherwise render that person liable for a breach of that undertaking or agreement.
Appears in 5 contracts
Samples: Deed of Mutual Covenant and Management Agreement, Deed of Mutual Covenant and Management Agreement, Deed of Mutual Covenant and Management Agreement
General Provisions re Termination. (a) Without limiting the generality of Clause 4.110.8, no provision of this Deed shall limit the application of Schedule 7 to the BMO by restricting or prohibiting the termination of the DMC Manager’s 's appointment or his resignation during the initial term of two (2) years of its appointment.
(b) If any person has given an undertaking in writing to, or has entered into an agreement with, the Government to manage or be responsible for the management of the BuildingDevelopment, and the Owners’ ' Corporation has appointed a Manager under Clause 4.1(c)(vii)(2) above, the Owners’ ' Corporation shall be deemed to have given to that person an instrument of indemnity under which the Owners’ ' Corporation shall be liable to indemnify that person in respect of any act or omission by the Manager appointed under that Clause 4.1(c)(vii)(2) that may otherwise render that person liable for a breach of that undertaking or agreement.
Appears in 2 contracts
Samples: Deed of Mutual Covenant and Management Agreement, Deed of Mutual Covenant and Management Agreement
General Provisions re Termination. (a) Without limiting the generality of Clause 4.110.8, no provision of this Deed shall limit the application of Schedule 7 to the BMO by restricting or prohibiting the termination of the DMC Manager’s 's appointment or his resignation during the initial term of two (2) years of its appointment.
(b) If any person has given an undertaking in writing to, or has entered into an agreement with, the Government to manage or be responsible for the management of the Building, and the Owners’ ' Corporation has appointed a Manager under Clause 4.1(c)(vii)(2) above, the Owners’ ' Corporation shall be deemed to have given to that person an instrument of indemnity under which the Owners’ ' Corporation shall be liable to indemnify that person in respect of any act or omission by the Manager appointed under that Clause 4.1(c)(vii)(2) that may otherwise render that person liable for a breach of that undertaking or agreement.
Appears in 1 contract
