Owners’ Committee Clause Samples
The Owners’ Committee clause establishes a formal group composed of property owners within a development or building, tasked with representing the collective interests of all owners. This committee typically oversees the management of common areas, enforces community rules, and may make decisions regarding maintenance, budgeting, or disputes among owners. By centralizing decision-making and providing a structured forum for owner input, the clause ensures efficient governance and helps resolve issues that affect the shared property or community as a whole.
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Owners’ Committee. (a) As a means of securing effective cooperation, interchange of information and management of the property owned as tenants in common, on a prompt and orderly basis in connection with various administrative and technical problems which may arise from time to time under the terms and conditions of the Project Agreements, the Owners hereby establish an Owner's Committee.
(b) Each Owner shall notify the other Owner promptly of the designation of its representative on the Owners' Committee and of any subsequent change in its designation. Either of the Owners may, by written notice to the other Owner, designate an alternate or substitute to act as its representative, to act on the Committee in the absence of the regular member of the Committee, or to act on specified occasions or with respect to specified matters.
(c) The Owners' Committee shall have no authority to modify any of the provisions of this Agreement.
(d) The Owners' Committee shall meet at such times and places as agreed upon by the members or when requested by either Owner upon 10 days' notice in writing.
(e) Each Owner shall have the right through its officers, employees or agents to inspect the Project and Project records at any reasonable time and to require that the Project be constructed in accordance with the standards provided in paragraph 4.
Owners’ Committee. As soon as practicable but not later than nine (9) months from the date of this Deed, the Manager shall convene a meeting of the Owners to establish an Owners’ Committee and appoint a chairman thereof or to appoint a management committee for the purpose of forming an Owners’ Corporation under the Building Management Ordinance (Cap.344). The Owners’ Committee shall consist of not fewer than three (3) members and not more than five (5) members, or such number of members as the Owners may decide from time to time by resolution at a meeting of the Owners, provided that:-
Owners’ Committee. 7.1 The Manager shall call the first meeting of the Owners as soon as possible, but in any event not later than 9 months after the date of this Deed (and to call further and subsequent meetings if required), which meeting (or meetings) must establish an Owners’ Committee and appoint a chairman thereof or must appoint a management committee for the purpose of forming an Owners’ Corporation under the Building Management Ordinance.
7.2 During the existence of an Owners’ Corporation, the general meeting of the Owners’ Corporation convened under the Building Management Ordinance shall take the place of the meeting of Owners convened under this Deed, and where a management committee of the Owners’ Corporation is or has been appointed, the management committee shall take the place of the Owners’ Committee.
7.3 The Owners’ Committee shall consist of not less than 5 members and not more than 9 members, or such number of members as the Owners may decide from time to time by resolution at a meeting of the Owners convened under this Deed, PROVIDED THAT not more than one (1) member shall be elected from the Owner(s) of the Carpark Units to represent it /them in the Owners’ Committee.
7.4 The functions of the Owners’ Committee shall include the following:-
(a) the representing of the Owners in all dealings with the Manager;
(b) the undertaking of such other duties as the Manager may, with their approval, delegate to them;
(c) the reviewing of the draft annual budget, annual budget and revised budget prepared by the Manager;
(d) the approval of the House Rules and the Club Rules made from time to time by the Manager;
(e) to elect a manager to take the place of the Manager in accordance with this Deed; and
(f) the exercise of all other powers and duties conferred on the Owners’ Committee by virtue of these presents.
7.5 The following persons shall be eligible for membership of the Owners’ Committee:-
(a) Any Owner and, in the event of an Owner being a corporate body, any representative appointed by such Owner. The appointment of a representative by a corporate body shall be in writing addressed to the Owners’ Committee and may be revoked at any time on notice in writing being given to the Owners’ Committee.
(b) The husband or wife of any Owner duly authorised by the Owner which authorisation shall be in writing addressed to the Owners’ Committee and may be revoked at any time on notice in writing being given to the Owners’ Committee PROVIDED THAT such husband or wife resi...
Owners’ Committee. (4:01) As soon as practicable and in any event not later than nine calendar months from the date of this Deed, the Manager shall convene the first general meeting of all Owners (and to call further and subsequent meetings if required) for the purpose of appointing the members and the chairman (“the Chairman”) of the Owners’ Committee or appointing a management committee for the purpose of forming the Owners’ Corporation. The functions of the Owners’ Committee shall include but not limited to the following :-
(a) representing the Owners in all dealings with the Manager;
(b) giving to and receiving from the Manager notices on behalf of the Owners;
(c) undertaking such other duties as the Manager may, with the Owners’ Committee’s approval, delegate to the Owners’ Committee; and
(d) exercising all other powers and duties conferred on the Owners’ Committee by virtue of the Building Management Ordinance, this Deed and the Development Rules. (4:02) (a) The Owners’ Committee shall consist of 9 members elected by the Owners for the time being entitled to the exclusive use occupation and enjoyment of the Lot and/or the Development or part thereof;
Owners’ Committee. 7.1 As soon as practicable but not later than nine (9) months from the date of this Deed, the Manager shall convene the first meeting of the Owners (and to call further and subsequent meetings if required) to establish an Owners' Committee and appoint a chairman thereof or to appoint a management committee for the purpose of forming an Owners' Corporation under the Building Management Ordinance.
7.2 The Owners' Committee shall consist of not fewer than three (3) members and not more than five (5) members, or such number of members as the Owners may decide from time to time by resolution at a meeting of the Owners. .
7.3 The functions of the Owners' Committee shall include the following :-
(a) the representing of the Owners in all dealings with the Manager;
(b) the undertaking of such other duties as the Manager may, with their approval, delegate to them;
(c) the reviewing of the draft annual management budget, the annual management budget and the revised annual management budget prepared by the Manager;
(d) the reviewing and approval of the Development Rules made from time to time by the Manager;
(e) to elect or appoint a manager to take the place of the Manager in accordance with the provisions of Clause 4.2 hereof;
(f) the appointment of accountants for audit of the annual accounts prepared by the Manager;
(g) to convene meetings of all the Owners;
(h) to act as the Manager during such period when no Manager is appointed; and
(i) the exercise of all other powers and duties conferred on the Owners' Committee by virtue of these presents.
7.4 The following persons shall be eligible for membership of the Owners' Committee :-
(a) Any Owner and, in the event of an Owner being a corporate body, any representative appointed by such Owner. The appointment of a representative by a corporate body shall be in writing addressed to the Owners' Committee and may be revoked at any time on notice in writing being given to the Owners' Committee.
(b) The husband or wife of any Owner or any adult member of the family of any Owner duly authorised by the Owner which authorisation shall be in writing addressed to the Owners' Committee and may be revoked at any time on notice in writing being given to the Owners' Committee PROVIDED THAT such husband or wife or such adult member of the family resides in the Development PROVIDED THAT not more than one person from a Unit may stand for election or be appointed as a committee member of the Owners' Committee.
7.5 A member of the Owne...
Owners’ Committee. Establishment of Owners’ Committee
Owners’ Committee. As soon as possible but in any event not later than nine (9) months from the date hereof, the Manager shall call a first meeting of the Owners, the purpose of which is to establish an Owners' Committee and to elect a chairman thereof and the members of the Owners' Committee or appoint a management committee for the purpose of forming an Owners’ Corporation under the BMO. The number of members of the Owners’ Committee shall be as determined by the Owners from time to time by resolution at a meeting of the Owners.
Owners’ Committee. The business of the Partnership shall be managed by the Partners. The Partners shall act through an Owners' Committee consisting of one (1) representative of each Partner, designated, from time to time, by each Partner by resolutions of its respective board of directors. A Partner may designate, from time to time, one or more alternates to serve as a member of the Owners' Committee in the event of the absence or unavailability of the initial designee of a Partner. Any member of the Owners' Committee may call a meeting of said Committee.
Owners’ Committee. An Owners' Committee shall exist throughout the period of the Midwest ISO Agreement. The Owners' Committee shall consist of one (1) person representing each of the Owners who are signatories to the Midwest ISO Agreement. The Owners' Committee shall meet at its discretion to exercise the authority granted to the Owners as a group under these Bylaws, including voting upon the matters set forth in Sections 4.8(b) and 8.2(b) of these Bylaws, and under the Midwest ISO Agreement. The Owners' Committee shall select three (3) representatives to serve on the Advisory Committee established pursuant to Section 6.1 of these Bylaws.
Owners’ Committee. (a) There shall be an Owners' Committee of the Development consisting of two