Common use of Grant and acceptance of leases, rights Clause in Contracts

Grant and acceptance of leases, rights. (a) Subject to the Land Grant, to, subject to the prior approval by a resolution of the Owners’ meeting convened under this Deed, grant upon such terms as it considers appropriate: (i) rights of way and other easements and rights of any other kind (whether constituting an interest in land or otherwise) over or relating to any Common Parts; and (ii) leases or tenancy agreements in respect of and licences to use any Common Parts; in either case to any person (including, without limitations, owners or occupiers of any adjoining or neighbouring property, the Government or members of the general public), Provided That all Owners' right, interest, use, access and enjoyment of their Units must not be affected or interfered with by the exercise of the right conferred herein. All income and receipts arising therefrom shall form part of the Management Funds. (b) To, subject to the prior approval by a resolution of the Owners’ meeting convened under this Deed, obtain, upon such terms as the Manager deems fit grant of leases, tenancies, easements, licences or rights of any other kind whether constituting an interest in land or otherwise which will, in the opinion of the Manager, benefit the Owners and occupiers of the Land and to perform all terms and conditions on which such a grant is made.

Appears in 1 contract

Samples: Deed of Mutual Covenant and Management Agreement

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Grant and acceptance of leases, rights. (a) Subject to the Land Grant, toTo, subject to the prior approval by a resolution of the Owners at an Owners’ meeting convened under this Deed, grant upon such terms as it considers appropriate: (i) rights of way and other easements and rights of any other kind (whether constituting an interest in land or otherwise) over or relating to any Common PartsParts or any part of the Land not forming part of a Unit; and (ii) franchises, leases or tenancy agreements in respect of and licences to use any Common Parts; in either case to any person such persons (including, without limitations, owners or occupiers of any adjoining or neighbouring property, the Government or members of the general public), Provided That all Owners' right, interest, use, access and enjoyment of their Units must not be affected or interfered with by the exercise of the right conferred herein. All income and receipts arising therefrom shall form part of the Management Funds. (b) To, subject to the prior approval by a resolution of the Owners’ meeting convened under this Deed, To obtain, upon such terms as the Manager deems fit but subject to the prior approval of Owners at an Owners’ meeting convened under this Deed, grant of leases, tenancies, easements, licences or rights of any other kind whether constituting an interest in land or otherwise which will, in the opinion of the Manager, benefit the Owners and occupiers of the Land and to perform all terms and conditions on which such a grant is made.

Appears in 1 contract

Samples: Deed of Mutual Covenant and Management Agreement

Grant and acceptance of leases, rights. (a) Subject to the Land Grant, toTo, subject to the prior approval by of a resolution of the Owners at an Owners’ meeting convened under this Deed, grant upon such terms as it considers appropriate: (i) rights of way and other easements and rights of any other kind (whether constituting an interest in land or otherwise) over or relating to any Common Parts; and (ii) leases or tenancy agreements in respect of and licences to use any Common Parts; in either case to any person such persons (including, without limitations, owners or occupiers of any adjoining or neighbouring property, the Government or members of the general public), ) Provided That all Owners' right, interest, use, the access to and enjoyment of their Units must from any Unit shall not be affected impeded or restricted and no Owner’s Right to Occupy his Unit shall be interfered with by and such grant shall not contravene the exercise of terms and conditions contained in the right conferred hereinLand Grant. All income and receipts arising therefrom shall form part of the Management Funds. (b) To, subject to the prior approval by a resolution of the Owners’ meeting convened under this Deed, To obtain, upon such terms as the Manager reasonably deems fit but subject to the prior approval of such terms by a resolution of Owners at an Owners’ meeting duly convened under this Deed, grant of leases, tenancies, easements, licences or rights of any other kind whether constituting an interest in land or otherwise which will, in the opinion of the Manager, will benefit the Owners and occupiers of the Land and to perform all terms and conditions on which such a grant is mademade Provided That any charges or fee collected hereunder shall be credited to the Special Fund.

Appears in 1 contract

Samples: Deed of Mutual Covenant and Management Agreement

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Grant and acceptance of leases, rights. (a) Subject to the Land Grant, to, subject to the prior approval by a resolution of the Owners’ Owners meeting convened under this Deed, grant upon such terms as it considers appropriate: (i) rights of way and other easements and rights of any other kind (whether constituting an interest in land or otherwise) over or relating to any Common Parts; and (ii) franchises, leases or tenancy agreements in respect of and licences to use any Common Parts; in either case to any person such persons (including, without limitations, owners or occupiers of any adjoining or neighbouring property, the Government or members of the general public), Provided That all Owners' right, interest, use, access and enjoyment of their Units must not be affected or interfered with by the exercise of the right conferred herein. All income and receipts arising therefrom shall form part of the Management Funds. (b) To, subject to the prior approval by a resolution of the Owners’ meeting convened under this Deed, To obtain, upon such terms as the Manager deems fit but subject to the prior approval by a resolution of Owners at an Owners meeting convened under this Deed, grant of leases, tenancies, easements, licences or rights of any other kind whether constituting an interest in land or otherwise which will, in the opinion of the Manager, benefit the Owners and occupiers of the Land and to perform all terms and conditions on which such a grant is made.

Appears in 1 contract

Samples: Deed of Mutual Covenant and Management Agreement

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