Membership and Usage. The membership of the Residents Club in respect of each apartment shall be in the name of one person only. Accordingly, in the event of any apartment having more than one owner, the co-owners thereof shall nominate from amongst themselves one person for such membership (Member). In the event of any apartment not being owned by individuals but by a limited company or a limited liability partnership or a partnership firm or a Hindu Undivided Family or Trust or other body, then one individual shall be nominated by such apartment owner for membership of the Residents Club. Change of nominee shall be permitted in accordance with the Club Rules. In the event of death of any Member, the membership of the Residents Club shall be transferred to the co-owner (if any) of the concerned residential flat and in the event of there being no co-owner, then to one person from amongst the heirs of the Member who is nominated by all the heirs for such purpose. It is expressly agreed that only the residents who are permanently residing in any of the apartments in the Said Complex shall be entitled to the use of the Residents Club. However, subject to compliance with the Club Rules, guests may be permitted to use the Club if accompanied by a Member and subject to such conditions and payment of such guest charges as may be fixed or revised from time to time. The rights of use as also the obligations of the Allottee as a Member of the Residents Club shall be governed by the Club Rules and the Allottee agrees, undertakes and covenants to abide by the Club Rules and to make payment of Club Charge and other expenses as may be fixed and/or revised from time to time as per the Club Rules.
Appears in 3 contracts
Samples: Sale Agreement, Sale Agreement, Sale Agreement
Membership and Usage. 10.9.1 The membership of the Residents Club in respect of each apartment residential flat shall be in the name of one person only. Accordingly, in the event of any apartment residential flat having more than one owner, the co-owners thereof shall nominate from amongst themselves one person for such membership (Member). .
10.9.2 In the event of any apartment residential flat not being owned by individuals but by a limited company or a limited liability partnership or a partnership firm or a Hindu Undivided Family or Trust or other body, then one individual shall be nominated by such apartment flat owner for membership of the Residents Club. Change of nominee shall be permitted in accordance with the Club Rules. .
10.9.3 In the event of death of any Member, the membership of the Residents Club shall be transferred to the co-owner (if any) of the concerned residential flat and in the event of there being no co-owner, then to one person from amongst the heirs of the Member who is nominated by all the heirs for such purpose. .
10.9.4 It is expressly agreed that only the residents who are permanently residing in any of the apartments residential flats in the Said Complex shall be entitled to the use of the Residents Club. However, subject to compliance with the Club Rules, guests may be permitted to use the Club if accompanied by a Member and subject to such conditions and payment of such guest charges as may be fixed or revised from time to time. .
10.9.5 The rights of use as also the obligations of the Allottee Buyer as a Member of the Residents Club shall be governed by the Club Rules and the Allottee Buyer agrees, undertakes and covenants to abide by the Club Rules and to make payment of Club Charge and other expenses as may be fixed and/or revised from time to time as per the Club Rules.
Appears in 2 contracts
Samples: Real Estate Purchase Agreement, Real Estate Purchase Agreement
Membership and Usage. 10.9.1 The membership of the Residents Club in respect of each apartment residential flat shall be in the name of one person only. Accordingly, in the event of any apartment residential flat having more than one owner, the co-owners thereof shall nominate from amongst themselves one person for such membership (Member). .
10.9.2 In the event of any apartment residential flat not being owned by individuals but by a limited company or a limited liability partnership or a partnership firm or a Hindu Undivided Family or Trust or other body, then one individual shall be nominated by such apartment flat owner for membership of the Residents Club. Change of nominee shall be permitted in accordance with the Club Rules. .
10.9.3 In the event of death of any Member, the membership of the Residents Club shall be transferred to the co-owner (if any) of the concerned residential flat and in the event of there being no co-owner, then to one person from amongst the heirs of the Member who is nominated by all the heirs for such purpose. .
10.9.4 It is expressly agreed that only the residents who are permanently residing in any of the apartments residential flats in the Said Complex shall be entitled to the use of the Residents Club. However, subject to compliance with the Club Rules, guests may be permitted to use the Club if accompanied by a Member and subject to such conditions and payment of such guest charges as may be fixed or revised from time to time. .
10.9.5 The rights of use as also the obligations of the Allottee Buyer as a Member of the Residents Club shall be governed by the Club Rules and the Allottee Buyer agrees, undertakes and covenants to abide by the Club Rules and to make payment of Club Charge and other expenses as may be fixed and/or revised from time to time as per the Club Rules.
1. Association: Establishment and all other capital and operational expenses of the Association.
Appears in 1 contract
Samples: Sale Agreement