Common use of Membership Obligation of Allottee Clause in Contracts

Membership Obligation of Allottee. Membership of the Sargam Club shall be mandatory and compulsory for the allottees of the Project. The Membership shall in case of joint allottees be given to only one amongst them as they may nominate and if such nomination is not made then the first named Allottee shall be the member of the Sargam Club. The Allottee futher accepts and confirms that (i) membership of the Sargam Club shall only be for the allottees of the residential apartments, (ii) each apartment shall be entitled to one 1 (one) membership only irrespective of the number of allottees of such apartment, (iii) membership shall be only for individuals (i.e. no corporate membership) and if the Allottee is a body corporate or an organization or entity, it will be required to nominate 1 (one) individual authorized representative who is also the resident of the concerned apartment for being admitted to membership of the Sargam Club, (iv) the Sargam Club can be used by the member and his/her immediate family i.e. spouse and dependent children below 21 (Twenty one) years (v) in the event of sale or transfer of the Designated Apartment, the membership of the transferor Allottee will automatically stand transferred in favour of such transferee at the then applicable Club Rules with cessation of membership or right of use of the transferor Allottee and (vi) if the Allottee let out his/her apartment, he/she may request for a temporary suspension of his/her usage right of the Sargam Club and permission for usage of the Sargam Club by the tenant under his/her membership. The Allottee agrees and confirms that the membership of the Sargam Club shall under no circumstances be separately conveyed.

Appears in 2 contracts

Samples: Agreement for Sale, Agreement for Sale

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Membership Obligation of Allottee. Membership of the Sargam Club shall be mandatory and compulsory for the allottees of the Project. The Membership shall in case of joint allottees be given to only one amongst them as they may nominate and if such nomination is not made then the first named Allottee shall be the member of the Sargam Club. The Allottee futher accepts and confirms that (i) membership of the Sargam Club shall only be for the allottees of the residential apartments, (ii) each apartment shall be entitled to one 1 (one) membership only irrespective of the number of allottees of such apartment, (iii) membership shall be only for individuals (i.e. no corporate membership) and if the Allottee is a body corporate or an organization or entity, it will be required to nominate 1 (one) individual authorized representative who is also the resident of the concerned apartment for being admitted to membership of the Sargam Club, (iv) the Sargam Club can be used by the member and his/her immediate family i.e. spouse and dependent children below 21 (Twenty twenty one) years (v) in the event of sale or transfer of the Designated Apartment, the membership of the transferor Allottee will automatically stand transferred in favour of such transferee at the then applicable Club Rules with cessation of membership or right of use of the transferor Allottee and (vi) if the Allottee let out his/her apartment, he/she may request for a temporary suspension of his/her usage right of the Sargam Club and permission for usage of the Sargam Club by the tenant under his/her membership. The Allottee agrees and confirms that the membership of the Sargam Club shall under no circumstances be separately conveyed.

Appears in 1 contract

Samples: Agreement for Sale

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Membership Obligation of Allottee. Membership of the Sargam Club Meraki shall be mandatory and compulsory for the allottees of the Project. The Membership shall in case of joint allottees be given to only one amongst them as they may nominate and if such nomination is not made then the first named Allottee shall be the member of the Sargam ClubClub Meraki. The Allottee futher accepts and confirms that (i) membership of the Sargam Club Meraki shall only be for the allottees of the residential apartments, (ii) each apartment shall be entitled to one 1 (one) membership only irrespective of the number of allottees of such apartment, (iii) membership shall be only for individuals (i.e. no corporate membership) and if the Allottee is a body corporate or an organization or entity, it will be required to nominate 1 (one) individual authorized representative who is also the resident of the concerned apartment for being admitted to membership of the Sargam ClubClub Meraki, (iv) the Sargam Club Meraki can be used by the member and his/her immediate family i.e. spouse and dependent children below 21 (Twenty one) years (v) in the event of sale or transfer of the Designated Apartmentsaid Unit, the membership of the transferor Allottee will automatically stand transferred in favour of such transferee at the then applicable Club Rules with cessation of membership or right of use of the transferor Allottee and (vi) if the Allottee let out his/her apartment, he/she may request for a temporary suspension of his/her usage right of the Sargam Club Meraki and permission for usage of the Sargam Club Meraki by the tenant under his/her membership. The Allottee agrees and confirms that the membership of the Sargam Club Meraki shall under no circumstances be separately conveyed.

Appears in 1 contract

Samples: Deed of Conveyance

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