Common use of MANAGER AND MANAGEMENT CHARGES Clause in Contracts

MANAGER AND MANAGEMENT CHARGES. 10. (a) Subject to the provisions of the Building Management Ordinance (Cap.344), the parties hereto have agreed with the DMC Manager for the DMC Manager to undertake the management, operation, servicing, maintenance, repair, renovation, improvement, replacement, security and insurance of the Lot and the Development and the Common Areas and Facilities therein (all or any of which activities are where not inapplicable herein included under the word “management”) from the date of this Deed for an initial term of two (2) years from the date of this Deed and such appointment shall continue until terminated as provided in this Clause 10.

MANAGER AND MANAGEMENT CHARGES. 10. (a) Subject to the provisions of the Building Management Ordinance (Cap.344), the parties hereto have agreed with the DMC Manager for the DMC Manager to undertake the management, operation, servicing, maintenance, repair, renovation, improvement, replacement, security and insurance of the Lot and the Development and the Common Areas and Facilities therein (all or any of which activities are where not inapplicable herein included under the word “management”) from the date of this Deed for an initial term of not exceeding two (2) years from the date of this Deed and such appointment shall continue until terminated as provided in this Clause 10.