Common use of Right to bring legal action Clause in Contracts

Right to bring legal action. The right to bring legal action at its own cost against owners of premises adjacent to the Building for encroachment onto the Land and the Building or any part or parts thereof without joining in any other Owner and damages or relief obtained shall belong to the First Owner. Unless otherwise stated any consideration received or receivable in the exercise by the First Owner of any of the rights and privileges reserved unto it under this Clause 3.1 shall if the First Owner deems fit be for the own use and benefit of the First Owner and may be on such terms and conditions as the First Owner may deem appropriate and unless otherwise stated any such rights and privileges may be exercised and enjoyed without the concurrence or consent of any other Owner or the necessity of joining any other Owner as parties to any documents PROVIDED THAT notwithstanding anything contained in the foregoing provision to the contrary, if such rights and privileges shall be affecting, arising out of or in connection with the Common Areas and Facilities, any such monetary consideration received therefor as aforesaid shall be credited to the management account for the management and maintenance of the Land and the Building or the Special Fund (as the case may be). So far as the law permits, the First Owner shall have the right from time to time to xxxxxx xxxxx or assign any of its rights in this Clause 3.1 on or to any other person or permit the exercise of any such rights by any other person and, for such purpose, the "First Owner" includes its subsidiaries, associated companies, holding company and any subsidiary of such holding company and the person to whom the aforesaid right or rights have been assigned by the First Owner.

Right to bring legal action. The right to bring legal action at its own cost against owners of premises adjacent to the Building for encroachment onto the Land and the Building or any part or parts thereof without joining in any other Owner and damages or relief obtained shall belong to the First OwnerOwners. Unless otherwise stated any consideration received or receivable in the exercise by the First Owner Owners of any of the rights and privileges reserved unto it under this Clause 3.1 shall if the First Owner Owners deems fit be for the own use and benefit of the First Owner Owners and may be on such terms and conditions as the First Owner Owners may deem appropriate and unless otherwise stated any such rights and privileges may be exercised and enjoyed without the concurrence or consent of any other Owner or the necessity of joining any other Owner as parties to any documents PROVIDED THAT notwithstanding anything contained in the foregoing provision to the contrary, if such rights and privileges shall be affecting, arising out of or in connection with the Common Areas and Facilities, any such monetary consideration received therefor as aforesaid shall be credited to the management account for the management and maintenance of the Land and the Building or the Special Fund (as the case may be). So far as the law permits, the First Owner Owners shall have the right from time to time to xxxxxx xxxxx or assign any of its rights in this Clause 3.1 on or to any other person or permit the exercise of any such rights by any other person and, for such purpose, the "First OwnerOwners" includes its their subsidiaries, associated companies, holding company and any subsidiary of such holding company and the person to whom the aforesaid right or rights have been assigned by the First OwnerOwners.