Common use of Owners’ Meeting Clause in Contracts

Owners’ Meeting. From time to time as occasion may require there shall be meetings of the Owners to discuss and decide matters concerning the Land and the Building and the first of such meeting of the Owners shall be convened by the Manager as soon as possible but not later than nine (9) months after the date of this Deed, to appoint a Chairman and the Owners’ Committee or a management committee for the purpose of forming an Owners’ Corporation under the BMO. For the purpose of this Section VIII, unless otherwise expressly stated, any reference to "Owner" or "Owners" shall exclude the Owner(s) of the Common Areas and Facilities. In regard to such Owners’ meetings the following provisions shall apply:- (a) A meeting of the Owners may be convened by: (i) the Owners’ Committee; (ii) the Manager; or (iii) an Owner appointed to convene such a meeting by the Owners who in aggregate have vested in them for the time being not less than five per cent (5%) of the total number of Undivided Shares excluding the Undivided Shares allocated to the Common Areas and Facilities. (b) The person convening the meeting of the Owners shall, at least fourteen (14) days before the date of the meeting, give notice of the meeting to each Owner. Such notice of meeting shall specify: (i) the date, time and place of the meeting; and (ii) the resolutions (if any) that are to be proposed at the meeting.

Owners’ Meeting. From time to time as occasion may require there shall be meetings of the Owners to discuss and decide matters concerning the Land and the Building and the first of such meeting of the Owners shall be convened by the Manager as soon as possible but not later than nine (9) months after the date of this Deed, to appoint a Chairman and the Owners’ ' Committee or a management committee for the purpose of forming an Owners’ ' Corporation under the BMO. For the purpose of this Section VIII, unless otherwise expressly stated, any reference to "Owner" or "Owners" shall exclude the Owner(s) of the Common Areas and Facilities. In regard to such Owners’ ' meetings the following provisions shall apply:-apply :- (a) A meeting of the Owners may be convened byby :- (i) the Owners’ ' Committee; (ii) the Manager; or (iii) an Owner appointed to convene such a meeting by the Owners who in aggregate have vested in them for the time being not less than five per cent (5%) of the total number of Undivided Shares excluding the Undivided Shares allocated to the Common Areas and Facilities. (b) The person convening the meeting of the Owners shall, at least fourteen (14) days before the date of the meeting, give notice of the meeting to each Owner. Such notice of meeting shall specifyspecify :- (i) the date, time and place of the meeting; and (ii) the resolutions (if any) that are to be proposed at the meeting.