Right to designate other additional areas. Subject to the prior approval of the Owners by a resolution passed at an Owners’ meeting convened under this Deed, the right to designate and declare from time to time by deed any part or parts of the Land and the Building the sole and exclusive right to hold, use, occupy and enjoy of which, and to receive the rents and profits in respect of which, is vested in the First Owner to be additional Common Areas and Facilities and to sub-allocate Undivided Shares thereto whereupon with effect from such designation or declaration as aforesaid such additional Common Areas and Facilities shall form part of the Common Areas and Facilities and the Owners shall contribute to the maintenance and upkeep of the same as if they were part of the Common Areas and Facilities and the Undivided Shares of such additional Common Areas and Facilities shall as soon as practicable thereafter be assigned to the Manager or the Owners’ Corporation (as the case may be) in accordance with this Deed on trust for and on behalf of all the Owners PROVIDED THAT:- (i) in making such designation or declaration the First Owner shall not interfere with an Owner’s right to hold, use, occupy and enjoy the part of the Building which he owns; (ii) no Owner or the Manager shall re-convert or re-designate such additional Common Areas and Facilities to the relevant Owner’s own use or benefit save as otherwise provided for when the area in question was so converted or designated; (iii) all the Undivided Shares allocated to such additional Common Areas and Facilities shall be vested in the Manager in accordance with the provisions of this Deed free of costs or consideration; and (iv) the First Owner shall prepare or cause to be prepared a set of the plans showing the additional Common Areas and Facilities certified as to their accuracy by or on behalf of the Authorized Person to be kept at the management office for inspection by all the Owners during normal business office hours of the Manager free of costs and charges.
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Samples: Deed of Mutual Covenant and Management Agreement, Deed of Mutual Covenant and Management Agreement, Deed of Mutual Covenant and Management Agreement
Right to designate other additional areas. Subject to the prior approval of the Owners by a resolution passed at an Owners’ ' meeting convened under this Deed, the right to designate and declare from time to time by deed any part or parts of the Land and the Building Development the sole and exclusive right to hold, use, occupy and enjoy of which, and to receive the rents and profits in respect of which, is vested in the First Owner to be additional Common Areas and Facilities (whether Development Common Areas and Facilities, Residential Common Areas and Facilities or Carpark Common Areas and Facilities) and to sub-allocate Undivided Shares and Management Shares thereto whereupon with effect from such designation or declaration as aforesaid such additional Common Areas and Facilities shall form part of the Common Areas and Facilities and the Owners shall contribute to the maintenance and upkeep of the same as if they were part of the Common Areas and Facilities and the Undivided Shares of such additional Common Areas and Facilities shall as soon as practicable thereafter be assigned to the Manager or the Owners’ ' Corporation (as the case may be) in accordance with this Deed on trust for and on behalf of all the Owners PROVIDED THAT:-
THAT (i) in making such designation or declaration the First Owner shall not interfere with affect an Owner’s 's right to hold, use, occupy and enjoy the part of the Building Development which he owns;
(ii) no Owner or the Manager shall re-convert or re-designate such additional Common Areas and Facilities to the relevant Owner’s own use or benefit save as otherwise provided for when the area in question was so converted or designated;
(iii) all the Undivided Shares allocated to such additional Common Areas and Facilities shall be vested in the Manager in accordance with the provisions of this Deed free of costs or consideration; and
(iv) the First Owner shall prepare or cause to be prepared a set of the plans showing the additional Common Areas and Facilities certified as to their accuracy by or on behalf of the Authorized Person to be kept at the management office for inspection by all the Owners during normal business office hours of the Manager free of costs and charges.
Appears in 2 contracts
Samples: Deed of Mutual Covenant and Management Agreement, Deed of Mutual Covenant and Management Agreement
Right to designate other additional areas. Subject to the prior approval of the Owners by a resolution passed at an Owners’ ' meeting convened under this Deed, the right to designate and declare from time to time by deed any part or parts of the Land and the Building the sole and exclusive right to hold, use, occupy and enjoy of which, and to receive the rents and profits in respect of which, is vested in the First Owner to be additional Common Areas and Facilities (whether Estate Common Areas and Facilities, Residential Common Areas and Facilities or Carpark Common Areas and Facilities) and to sub-allocate Undivided Shares thereto whereupon with effect from such designation or declaration as aforesaid such additional Common Areas and Facilities shall form part of the Common Areas and Facilities and the Owners shall contribute to the maintenance and upkeep of the same as if they were part of the Common Areas and Facilities and the Undivided Shares of such additional Common Areas and Facilities shall as soon as practicable thereafter be assigned to the Manager or the Owners’ ' Corporation (as the case may be) in accordance with the provisions of this Deed on trust for and on behalf of all the Owners PROVIDED THAT:-THAT :-
(i) in making such designation or declaration the First Owner shall not interfere with an Owner’s 's right to hold, use, occupy and enjoy the part of the Building which he owns;
(ii) no Owner (including the First Owner) or the Manager shall re-convert or re-designate such additional Common Areas and Facilities to the relevant Owner’s 's own use or benefit save as otherwise provided for when the area in question was so converted or designatedbenefit;
(iii) all the Undivided Shares allocated to such additional Common Areas and Facilities shall be vested in the Manager or the Owners' Corporation (as the case may be) in accordance with the provisions of this Deed free of costs or consideration; and
(iv) the First Owner shall prepare or cause caused to be prepared a set of the plans showing the additional Common Areas and Facilities certified as to their accuracy by or on behalf of the Authorized Person to be kept at the management office for inspection by all the Owners during normal business office hours of the Manager free of costs and charges.
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Right to designate other additional areas. Subject to the prior approval of the Owners by a resolution passed at an Owners’ meeting convened under this Deed, the right to designate and declare from time to time by deed any part or parts of the Land and the Building the sole and exclusive right to hold, use, occupy and enjoy of which, and to receive the rents and profits in respect of which, is vested in the First Owner Owners to be additional Common Areas and Facilities and to sub-allocate Undivided Shares thereto whereupon with effect from such designation or declaration as aforesaid such additional Common Areas and Facilities shall form part of the Common Areas and Facilities and the Owners shall contribute to the maintenance and upkeep of the same as if they were part of the Common Areas and Facilities and the Undivided Shares of such additional Common Areas and Facilities shall as soon as practicable thereafter be assigned to the Manager or the Owners’ Corporation (as the case may be) in accordance with this Deed on trust for and on behalf of all the Owners PROVIDED THAT:-
(i) in making such designation or declaration the First Owner Owners shall not interfere with an Owner’s right to hold, use, occupy and enjoy the part of the Building which he owns;
(ii) no Owner or the Manager shall re-convert or re-designate such additional Common Areas and Facilities to the relevant Owner’s own use or benefit save as otherwise provided for when the area in question was so converted or designated;
(iii) all the Undivided Shares allocated to such additional Common Areas and Facilities shall be vested in the Manager in accordance with the provisions of this Deed free of costs or consideration; and
(iv) the First Owner Owners shall prepare or cause to be prepared a set of the plans showing the additional Common Areas and Facilities certified as to their accuracy by or on behalf of the Authorized Person to be kept at the management office for inspection by all the Owners during normal business office hours of the Manager free of costs and charges.
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