Common use of Membership Scheme of Said Club Clause in Contracts

Membership Scheme of Said Club. The Allottees understands and accepts that (1) membership of the Said Club shall be open only to the Allottees of the Whole Project/Said Complex and the Other Members (2) each apartment is entitled to 1 (one) membership, irrespective of the number of transferees of such apartment (3) Membership is open only to individuals (i.e. no corporate membership) and if the Allottees is a body corporate, it will be required to nominate 1 (one) occupier of the Said Flat, who, for all purposes, shall be treated as the member of the Said Club (4) the Said Club can be used by the member and his/her immediate family i.e. spouse and dependent children below 21 (twenty one) years subject to a maximum of 4 (four) dependents (5) members may, subject to the reservation of rights of admission and club rules, bring in guests on payment of guest fees (6) in the event of transfer of the Said Apartment, the membership will stand terminated and the transferee shall be granted a new membership at the then applicable terms and as per the rules and regulations of the For Fortune Park Housing Projects Pvt. Ltd Said Club then in force and (7) if an Allottees lets out his/her apartment, he/she may request a temporary suspension of his/her usage right of the Said Club and permission for usage of the Said Club by the tenant under his/her membership; if such permission is granted, the tenant may use the Said Club only during the tenure of the tenancy subject to payment of all charges as would have been payable by the Allottees.

Appears in 1 contract

Samples: Sale Agreement

AutoNDA by SimpleDocs

Membership Scheme of Said Club. The Allottees understands understand and accepts accept that (1) membership of the Said Club shall be open only to the Allottees allottees of the Whole Project/Said Complex and the Other Members (2) each apartment is entitled to 1 (one) membership, irrespective of the number of transferees owners of such apartment (3) Membership membership is open only to individuals (i.e. no corporate membership) and if the Allottees is are a body corporate, it will be required to nominate 1 (one) occupier of the Said FlatApartment, who, for all purposes, shall be treated as the member of the Said Club (4) the Said Club can be used by the member and his/her immediate family i.e. spouse and dependent children below 21 (twenty one) years subject to a maximum of 4 (four) dependents (5) members may, subject to the reservation of rights of admission and club rules, bring in guests on payment of guest fees (6) in the event of sale/transfer of the Said Apartment, the membership will stand terminated and the transferee shall be granted a new membership at the then applicable terms and as per the rules and regulations of the For Fortune Park Housing Projects Pvt. Ltd Said Club then in force and (7) if an Allottees lets let out his/her apartment, he/she they may request a temporary suspension of his/her usage right of the Said Club and permission for usage of the Said Club by the tenant under his/her membership; if such permission is granted, the tenant may use the Said Club only during the tenure of the tenancy subject to payment of all charges as would have been payable by the Allottees.

Appears in 1 contract

Samples: Agreement for Sale

Membership Scheme of Said Club. The Allottees Buyer understands and accepts that (1) membership of the Said Club shall be open only to the Allottees Intending Buyers of the Whole Project/Said Cluster, Other Clusters of the Said Complex and the Other Members Owners of Other Siddha Projects (2) each apartment Flat is entitled to 1 (one) membership, irrespective of the number of transferees owners of such apartment Flat (3) Membership membership is open only to individuals (i.e. no corporate membership) and if the Allottees Buyer is a body corporate, it will be required to nominate 1 (one) occupier of the Said Flat, who, for all purposes, shall be treated as the member of the Said Club (4) the Said Club can be used by the member and his/her immediate family i.e. spouse and dependent children below 21 (twenty one) years subject to a maximum of 4 (four) dependents (5) members may, subject to the reservation of rights of admission and club rules, bring in guests on payment of guest fees (6) in the event of sale/transfer of the Said ApartmentFlat, the membership will stand terminated and the transferee shall be granted a new membership at the then applicable terms and as per the rules and regulations of the For Fortune Park Housing Projects Pvt. Ltd Said Club then in force and (7) if an Allottees Intending Buyer lets out his/her apartmentFlat, he/she may request a temporary suspension of his/her usage right of the Said Club and permission for usage of the Said Club by the tenant under his/her membership; if such permission is granted, the tenant may use the Said Club only during the tenure of the tenancy subject to payment of all charges as would have been payable by the AllotteesIntending Buyer.

Appears in 1 contract

Samples: Transfer Agreement

Membership Scheme of Said Club. The Allottees Buyer understands and accepts that that (1) membership of the Said Club shall be open only to the Allottees of the Whole Project/Said Complex Intending Buyers and the Other Members Owners (2) each apartment Flat is entitled to 1 (one) membership, irrespective of the number of transferees owners of such apartment Flat (3) Membership membership is open only to individuals (i.e. no corporate membership) and if the Allottees Buyer is a body corporate, it will be required to nominate 1 (one) occupier of the Said Flat, who, for all purposes, shall be treated as the member of the Said Club (4) the Said Club can be used by the member and his/her immediate family i.e. spouse and dependent children below 21 (twenty one) years subject to a maximum of 4 (four) dependents (5) members may, subject to the reservation of rights of admission and club rules, bring in guests on payment of guest fees (6) in the event of sale/transfer of the Said ApartmentFlat, the membership will stand terminated and the transferee shall be granted a new membership at the then applicable terms and as per the rules and regulations of the For Fortune Park Housing Projects Pvt. Ltd Said Club then in force and (7) if an Allottees Intending Buyer lets out his/her apartmentFlat, he/she may request a temporary suspension of his/her usage right of the Said Club and permission for usage of the Said Club by the tenant under his/her membership; if such permission is granted, the tenant may use the Said Club only during the tenure of the tenancy subject to payment of all charges as would have been payable by the AllotteesIntending Buyer.

Appears in 1 contract

Samples: Partnership Agreements

AutoNDA by SimpleDocs

Membership Scheme of Said Club. The Allottees Allottee understands and accepts accept that (1) membership of the Said Club shall be open only to the Allottees allottees of the Whole Project/Said Complex and the Other Members (2) each apartment is entitled to 1 (one) membership, irrespective of the number of transferees owners of such apartment (3) Membership membership is open only to individuals (i.e. no corporate membership) and if the Allottees Allottee is a body corporate, it will be required to nominate 1 (one) occupier of the Said FlatApartment, who, for all purposes, shall be treated as the member of the Said Club (4) the Said Club can be used by the member and his/her immediate family i.e. spouse and dependent children below 21 (twenty one) years subject to a maximum of 4 (four) dependents (( 5) members may, subject to the reservation of rights of admission and club rules, bring in guests on payment of guest fees (6) in the event of sale/transfer of the Said Apartment, the membership will stand terminated and the transferee shall be granted a new membership at the then applicable terms and as per the rules and regulations of the For Fortune Park Housing Projects Pvt. Ltd Said Club then in force and (7) if an Allottees Allottee lets out his/her apartment, he/she they may request a temporary suspension of his/her usage right of the Said Club and permission for usage of the Said Club by the tenant under his/her membership; if such permission is granted, the tenant may use the Said Club only during the tenure of the tenancy subject to payment of all charges as would have been payable by the AllotteesAllottee.

Appears in 1 contract

Samples: Sale Agreement

Membership Scheme of Said Club. The Allottees Allottee understands and accepts that (1) membership of the Said Club shall be open only to the Allottees allottees of the Whole Project/Said Complex and the Other Members (2) each apartment is entitled to 1 (one) membership, irrespective of the number of transferees owners of such apartment (3) Membership membership is open only to individuals (i.e. no corporate membership) and if the Allottees Allottee is a body corporate, it will be required to nominate 1 (one) occupier of the Said Flat, who, for all purposes, shall be treated as the member of the Said Club (4) the Said Club can be used by the member and his/her immediate family i.e. spouse and dependent children below 21 (twenty one) years subject to a maximum of 4 (four) dependents (5) members may, subject to the reservation of rights of admission and club rules, bring in guests on payment of guest fees (6) in the event of sale/transfer of the Said Apartment, the membership will stand terminated and the transferee shall be granted a new membership at the then applicable terms and as per the rules and regulations of the For Fortune Park Housing Projects Pvt. Ltd Said Club then in force and (7) if an Allottees lets anallotteelets out his/her apartment, he/she may request a temporary suspension of his/her usage right of the Said Club and permission for usage of the Said Club by the tenant under his/her membership; if such permission is granted, the tenant may use the Said Club only during the tenure of the tenancy subject to payment of all charges as would have been payable by the AllotteesAllottee.

Appears in 1 contract

Samples: Sale Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!