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: Format Agreement, Format Agreement

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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: Conveyance

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: shalimar.edensolaris.com

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Membership Obligation of Allottee. Membership of the Sargam Club shall be mandatory and Said SAC being compulsory for the allottees Complex Co-Owners, the Allottee (which expression, in the context of the Project. The Membership shall in case Said SAC, means only 1 (one) person if the number of joint allottees under this Agreement being more than 1 (one), as be given nominated inter se among the allottees) agrees to only one amongst them as they may nominate and if such nomination is not made then the first named Allottee shall be the become a member of the Sargam ClubSaid SAC, on the preliminary terms and conditions recorded in this Agreement. The Allottee futher 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 of the Said SAC: The Allottee accepts and confirms that (i) membership of the Sargam Club Said SAC shall be only be for the apartment allottees of the residential apartments, Said Complex (ii) each family of an apartment shall be entitled to one 1 (one) membership only membership, irrespective of the number of allottees of such apartment, 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 entitycorporate, it will be required to nominate 1 (one) individual authorized representative who is also the resident occupier of the concerned apartment Said Apartment, who, for being admitted to membership all purposes, shall be treated as the member of the Sargam Club, Said SAC (iv) the Sargam Club Said SAC 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 further conveyance of the Designated Said Apartment, the membership of the transferor Allottee will automatically stand transferred conveyed in favour of such transferee new Allottee at the then applicable Club Rules with cessation of membership or right of use SAC Scheme and thereupon the Allottee abovenamed shall cease to be a member of the transferor Allottee and SAC (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 Said SAC and permission for usage of the Sargam Club Said SAC by the tenant under his/her membership. The Allottee agrees and confirms that the membership of the Sargam Club said SAC shall under no circumstances be separately conveyed.. Facilities of the Said SAC: Notwithstanding anything contained in the Schedule β€˜D’ below, the Allottee accepts and confirms that the Promoter shall have the sole right and discretion in planning the details and facilities of the Said SAC and the same may also from time to time be varied at the sole discretion of the Promoter. Commencement of Operation of the Said SAC: The Promoter shall endeavor to get the Said SAC operational after the entirety of the Said Complex is complete and made ready. The Allottee accepts and confirms that the Completion Date of the Said Apartment shall have no connection and correlation with the Said SAC becoming operational and that the Allottee shall not raise any claim or objection in this regard. Maintenance of the Said SAC: The Allottee agrees and confirms that the Said SAC (at the sole discretion of the Promoter) be initially managed and operated by the Promoter either by itself or through its nominee for a period of 2(two) years from the date of completion of construction of the Said Complex or such extended time as the Promoter shall think proper and subsequently, the Association on its formation shall look after the maintenance, management and operation of the Said SAC. Membership Fee and Annual Subscription & Other Charges: The Allottee agrees and confirms that (1) On or before delivery of possession of the Apartment to the Allottee by the Promoter, a non-refundable one -time membership fee of Rs. __ (rupees

Appears in 1 contract

Samples: Draft Agreement

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