Common use of Membership Obligation of Allottee Clause in Contracts

Membership Obligation of Allottee. Membership of the Said SAC being compulsory for the Complex Co-Owners, the Allottee (which expression, in the context of the Said SAC, means only 1 (one) person if the number of Allottees under this Agreement being more than 1 (one), as be nominated inter se among the Allottees) agrees to become a member of the Said SAC, on the preliminary terms and conditions recorded in this Agreement. The Allottee understands and accepts that detailed terms and conditions of membership as also the various charges and rules and regulations governing use of the Said SAC and its facilities (SAC Scheme) will be formulated by the Promoter in due course and circulated to members before the Said SAC is made operational to all members (including the Allottee) will be required to abide by the SAC Scheme.

Membership Obligation of Allottee. Membership of the Said SAC being compulsory for the Complex Project Co-Owners, the Allottee (which expression, in the context of the Said SAC, means only 1 (one) person if the number of Allottees Allottee under this Agreement being more than 1 (one), as be nominated inter se among the Allottees) agrees to become a member of the Said SAC, on the preliminary terms and conditions recorded in this Agreement. The Allottee understands and accepts that detailed terms and conditions of membership as also the various charges and rules and regulations governing use of the Said SAC and its facilities (SAC Scheme) will be formulated by the Promoter in due course and circulated to members before the Said SAC is made operational to all members (including the Allottee) will be required operational. The Allottee agrees and accepts to abide by the such SAC Scheme.

Membership Obligation of Allottee. Membership of the Said SAC being compulsory for the Complex Co-Owners, the Allottee (which expression, in the context of the Said SAC, means only 1 (one) person if the number of Allottees allottees under this Agreement being more than 1 (one), as be nominated inter se among the Allotteesallottees) agrees to become a member of the Said SAC, on the preliminary terms and conditions recorded in this Agreement. The Allottee understands and accepts that detailed terms and conditions of membership as also the various charges and rules and regulations governing use of the Said SAC and its facilities (SAC Scheme) will be formulated by the Promoter in due course and circulated to members before the Said SAC is made operational to all members (including the Allottee) will be required to abide by the SAC Scheme.