Membership of the Said SAC Sample Clauses

Membership of the Said SAC. The Allottee accepts and confirms that (i) membership of the Said SAC shall be only for the apartment allottees of Solaris City Serampore Phase I and Solaris City Serampore Phase-2 .
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Membership of the Said SAC. The Allottee accepts and confirms that (i) membership of the Said SAC shall be only for the apartment allottees of Solaris Bonhooghly and the Solaris Bonhooghly Phase 2.
Membership of the Said SAC. The Allottee accepts and confirms that (i) membership of the Said SAC shall be only for the apartment allottees of Xxxxxxx Xxxx Xxxxxxxxx Xxxxx 0 and Solaris City Serampore Phase-1 .
Membership of the Said SAC. The Allottee accepts and confirms that (i) membership of the Said SAC shall be only for the apartment allottees of Said Complex (ii) each family of an apartment shall be entitled to 1 (one) membership, 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, it will be required to nominate 1 (one) individual occupier of the Said Apartment, who, for all purposes, shall be treated as the member of the Said SAC (iv) the Said SAC 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 further conveyance of the Said Apartment, the membership will automatically stand conveyed in favour of such new Allottee at the then applicable SAC Scheme and thereupon the Allottee abovenamed shall cease to be a member of the SAC.

Related to Membership of the Said SAC

  • Ownership of the Shares Selling Shareholders own all of the Shares, free and clear of all liens, claims, rights, charges, encumbrances, and security interests of whatsoever nature or type.

  • Ownership of the Company At all times while this Parent Guarantee Agreement is in effect and while any of the obligations of the Parent Guarantor hereunder remain outstanding, one hundred percent (100%) of the outstanding capital stock of the Company shall be owned by the Parent Guarantor.

  • Ownership of Products It is understood and agreed that all products provided under this Agreement shall become the property of the County upon acceptance by the County.

  • Ownership of Membership Interests The Member shall own all of the membership interests in the Company and the Member shall have a 100% distributive share of the Company’s profits, losses and cash flow.

  • Joint Ownership of Interests A Partnership Interest may be acquired by two individuals as joint tenants with right of survivorship, provided that such individuals either are married or are related and share the same home as tenants in common. The written consent or vote of both owners of any such jointly held Partnership Interest shall be required to constitute the action of the owners of such Partnership Interest; provided, however, that the written consent of only one joint owner will be required if the Partnership has been provided with evidence satisfactory to the counsel for the Partnership that the actions of a single joint owner can bind both owners under the applicable laws of the state of residence of such joint owners. Upon the death of one owner of a Partnership Interest held in a joint tenancy with a right of survivorship, the Partnership Interest shall become owned solely by the survivor as a Limited Partner and not as an assignee. The Partnership need not recognize the death of one of the owners of a jointly-held Partnership Interest until it shall have received notice of such death. Upon notice to the General Partner from either owner, the General Partner shall cause the Partnership Interest to be divided into two equal Partnership Interests, which shall thereafter be owned separately by each of the former owners.

  • Company Ownership of Other Entities The Company does not own an interest in any corporation, partnership, limited liability company, joint venture, trust or other entity.

  • OWNERSHIP OF THE ASSETS LNY will have exclusive and absolute ownership and control of its assets, including all assets in the Variable Account.

  • Ownership of This Warrant The Company may deem and treat the person in whose name this Warrant is registered as the holder and owner hereof (notwithstanding any notations of ownership or writing hereon made by anyone other than the Company) for all purposes and shall not be affected by any notice to the contrary until presentation of this Warrant for registration of transfer as provided in this Section 4.

  • Ownership of Stock The Selling Shareholders own all of the issued and outstanding shares of capital stock of the Company, free and clear of all liens, claims, rights, charges, encumbrances, and security interests of whatsoever nature or type.

  • Change in Ownership of the Company A change in the ownership of the Company which occurs on the date that any one person, or more than one person acting as a group (“Person”), acquires ownership of the stock of the Company that, together with the stock held by such Person, constitutes more than 50% of the total voting power of the stock of the Company, except that any change in the ownership of the stock of the Company as a result of a private financing of the Company that is approved by the Board will not be considered a Change of Control; or

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