Nomination. The Allottee admits and accepts that before the execution and registration of conveyance deed of the Said Apartment And Appurtenances, the Allottee will be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement on payment of 2% (two percent) of the market price prevailing at that time (to be determined by the Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions:
(a) The Allottee shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination.
(b) The Allottee shall obtain prior written permission of the Promoter and the Allottee and the nominee shall be bound to enter into a tripartite agreement with the Owners and the Promoter.
(c) The Allottee shall pay an additional legal fee of Rs.10,000/- (Rupees ten thousand) to the Promoter’s legal advisors towards the tripartite Nomination Agreement.
(d) Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottee shall be entitled to nominate, assign and/or transfer the Allottee’s right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.
Nomination. The policyholder is required at the inception of the policy to make a nomination for the purpose of payment of claims under the policy in the event of death of the policyholder. Any change of nomination shall be communicated to the company in writing and such change shall be effective only when an endorsement on the policy is made. ln the event of death of the policyholder, the Company will pay the nominee {as named in the Policy Schedule/Policy Certificate/Endorsement (if any)} and in case there is no subsisting nominee, to the legal heirs or legal representatives of the policyholder whose discharge shall be treated as full and final discharge of its liability under the policy.
Nomination. The Allottees admit and accept that before the execution and registration of conveyance deed of the Said Apartment And Appurtenances, the Allottees will be entitled to nominate, assign and/or transfer the Allottees’ right, title, interest and obligations under this Agreement on payment of 2% (two percent) of the market price prevailing at that time (to be determined by the Promoter) as nomination charge to the Promoter subject to the covenant by the nominee that the nominee will strictly adhere to the terms of this Agreement and subject also to the below mentioned conditions:
(a) The Allottees shall make payment of all dues of the Promoter in terms of this Agreement, up to the time of nomination.
(b) The Allottees shall obtain prior written permission of the Promoter and the Allottees and the nominee shall be bound to enter into a tripartite agreement with the Owners and the Promoter.
(c) The Allottees shall pay an additional legal fee of Rs.10,000/- (Rupees ten thousand) to the Promoter’s legal advisors towards the tripartite Nomination Agreement and shall further pay to the Promoter a sum equivalent to 3 (three) months of Common Area Maintenance (CAM) charges in advance prior to the nomination.
(d) Subject to the approval and acceptance of the Promoter and subject to the above conditions, the Allottees shall be entitled to nominate, assign and/or transfer the Allottees’ right, title, interest and obligations under this Agreement to parent, spouse and children without payment of the aforesaid transfer charge.
Nomination a. The name of the candidate receiving the majority vote in a secret ballot election shall be submitted to the President/designee as the department’s nominee for the position of chair.
b. Within ten (10) working days of the receipt of such nomination, the President/designee shall either appoint the nominee or notify the members of the department in writing that the nomination is declined, and upon request of the department shall hold a meeting with the department faculty to discuss the reasons therefore.
c. If the President/designee declines to appoint the nominee, the department faculty shall conduct a second election and the department shall submit the name of a different nominee to the President/designee.
d. Within ten (10) working days of receipt of the name of the second nominee, the President/designee shall appoint the nominee, except that the President retains the right to decline to appoint the nominee if the President/designee has reason to believe that state or federal anti-discrimination laws were violated, and subsequently appoint an interim chair, for a period not exceeding one (1) academic year, without election. The President shall explain the reasons for believing that the laws were violated at a meet and confer before appointing an interim chair.
Nomination. If prior to execution of the conveyance, the Allottee(s) nominates his/their booked apartment unto and in favor of any other person or persons in his/her/their place and stead, the allottee may do so with the permission of the Promoter. However the first 18 (eighteen) months from the date of Application/Booking shall be a Lock-in Period during which time the Allottee shall not be permitted to nominate in favor of any third party. At the time of nomination, the new purchaser will be compulsorily required to register the Agreement for Sale/Nomination Agreement. The Allottee shall pay a sum calculated @ 2% of the Total Price or the Nomination Price whichever is higher, plus applicable taxes, as and by way of nomination fees to the Promoter. Any additional income tax liability that may become payable by the Promoter due to nomination by the Allottee because of higher market valuation as per the registration authorities on the date of nomination and/or the extra registration fees to be paid to the registration authorities due to nomination, shall be compensated by the Allottee paying to the Promoter agreed compensation equivalent to the income tax payable on such difference at the highest applicable tax rate at the prevailing time or the estimated extra registration fees. Such amount shall be payable by the Allottee on or before nomination.
Nomination. If prior to execution of the conveyance, the Allottee(s) nominates his/their booked apartment unto and in favor of any other person or persons in his/her/their place and stead, the allottee may do so with the permission of the Promoter. However the first 12(twelve) months from the date of Application/Booking shall be a Lock-in Period during which time the Allottee shall not be permitted to nominate in favor of any third party. At the time of nomination , the Transferee will be compulsorily required to register the Agreement for sale/nomination agreement. The Allottee shall pay a sum calculated @ 2% of the Total Price or the Nomination Price whichever is higher, plus applicable taxes, as and by way of nomination fees to the Promoter.. Any additional income tax liability that may become payable by the Promoter due to nomination by the Allottee because of higher market valuation as per the registration authorities on the date of nomination and/or the extra registration fees to be paid to the registration authorities due to nomination, shall be compensated by the Allottee paying to the Promoter agreed compensation equivalent to the income tax payable on such difference at the highest applicable tax rate at the prevailing time or the estimated extra registration fees. Such amount shall be payable by the Allottee on or before nomination. IX SPECIFICATIONS -The tentative specification of the Residential Segment is as given in SCHEDULE - D below. In the event of any change in the specifications necessitated on account of any Force Majeure events or to improve or protect the quality of construction , the Promoter , on the recommendations of the Architect, shall be entitled to effect such changes in the materials and specifications provided the Builder shall ensure that the cost and quality of the substituted materials or specifications is equivalent or higher than the quality and cost of materials and specifications as set out in the SCHEDULE- D .
Nomination. All or any portion of the Investor’s rights, interest and obligations under this Agreement may be transferred and assigned to the nominee(s) designated by the Investor in accordance to the terms of this Agreement.
7.7.1. The assignment shall be effective only upon the occurrence of one of the following:
7.7.1.1. The Investor’s written notice via an email; or
7.7.1.2. The Investor’s death.
7.7.2. The Investor hereby grants the Company permission to communicate with the Nominee, if the Investor is unreachable for more than one (1) month.
7.7.3. In the event of the Investor’s death, the Nominee is hereby authorized to receive all amounts due from the Project.
7.7.4. Investors who profess the religion of Islam hereby acknowledge that Muslims are bound by religion to distribute their estate in accordance to the Islamic law of inheritance and shall take that into consideration for the purpose of this clause.
7.7.5. In the event of the death of only one of the Investors of jointly investment agreement, the payouts shall be transferred to the surviving Investor. In the event of the death of both Investors, the payouts shall be transferred to the Nominee.
7.7.6. The Investor may from time to time revoke any such nomination and/or to name another nominee with written notification via email duly received and registered by the Company. Other than revocation via written notice, subsequent nomination and death of nominee during the lifetime of the Investor, a nomination shall not be revoked. Name: Xxxx Xxxxx Aradia Designation: Director PT Sentosa Membangun Bangsa Name: NRIC/Passport No.: (which shall be read, taken and construed as an essential part of this Agreement)
Nomination. Network users, who have no partial island plant source, shall submit nominations for both the distribution and the transmission system in normal way described in the BCC, through the transmission system operators’ informatic platforms designed for this purpose. At exit points, nomination shall be submitted for the unified point. Network users, who have both partial island plant source and pipeline source, shall submit nominations for KALOVASZ1ZEN virtual entry point on the basis of needs assessment and for the distribution systems in accordance with their own consumer demand. Weighted average quality data calculated on the basis of the daily matching by SIMONE simulation software or in case of its failure, the daily quality data of K-26-2 (according to quality accounting) chromatograph shall be matched for Lovászpatona 1-1 and Lovászpatona 1-2 points. For points KALOVASZ1ZEN, KALOVASZ1TEN and KALOVASZ1EEN, daily quality data of Tét 3 production chromatograph shall be matched. The quality data of points KATELJCS58EN and KATELJCS59EN are equivalent to the weighted average data created on IP (automatically done by IP). KALOVASZ1ZEN= quantity measured at Tét-3 KALOVASZ1TEN= quantity measured between ÉGÁZ-DÉGÁZ Zrt and KÖGÁZ Ltd KALOVASZ1EEN= difference between the values of KALOVASZ1ZEN and KALOVASZ1TEN defining the quantitative data of KATELJCS58EN (automatically done by IP) KATELJCS58EN = quantities of Lovászpatona 1-1+Lovászpatona 1T defining the quantitative data KATELJCS59EN (automatically done by IP) KATELJCS59EN = quantities of Lovászpatona 1-2+Lovászpatona 1E At the network points, the gas quantity withdrawn from the natural gas transmission system by given Network Users is calculated on the Informatic Platform pursuant to the relevant chapters of the BCC. If the Network User makes a complaint with regard of the allocation, the concerned system operators shall examine the complaint within 5 days after receiving the notification and inform the Network User of the result.
Nomination. Allowed as per the provisions of Section 39 of the Insurance Act, 1938 as amended from time to time. For more details on the nomination, please refer to Xxxxxxxx X.
Nomination. The nomination of the Rider Policy is allowed only along with the Base Policy. In registering a nomination, the Company does not accept any responsibility or express any opinion as to its validity or legal effect.
