Common use of Right to surrender or assign to Government Clause in Contracts

Right to surrender or assign to Government. Subject to the prior written approval of the Owners’ Committee or the Owners’ Corporation (if formed), the right and privilege without the necessity of joining in any other Owner to surrender or assign or part with possession of any part or parts of the Land and/or the Building (other than a Unit the exclusive right to use, occupy and enjoy is owned by the First Owner or has been assigned to an Owner) which is required to be surrendered or assigned to the Government PROVIDED THAT any benefit, concession or compensation acquired shall be paid into the Special Fund.

Right to surrender or assign to Government. Subject to the prior written approval of the Owners’ ' Committee or the Owners’ ' Corporation (if formed)) or by a resolution of the Owners at an Owners’ meeting convened under this Deed, the right and privilege without the necessity of joining in any other Owner to surrender or assign or part with possession of any part or parts of the Land and/or the Building (other than a Unit the exclusive right to use, occupy and enjoy is owned by the First Owner or has been assigned to an Owner) which is required to be surrendered or assigned to the Government PROVIDED THAT any benefit, concession or compensation acquired shall be paid into the Special Fund.

Right to surrender or assign to Government. Subject to the prior written approval of the Owners’ Committee or the Owners’ Corporation (if formed), the right and privilege without the necessity of joining in any other Owner to surrender or assign or part with possession of any part or parts of the Land and/or the Building (other than a Unit the exclusive right to use, occupy and enjoy is owned by the First Owner Owners or has been assigned to an Owner) which is required to be surrendered or assigned to the Government PROVIDED THAT any benefit, concession or compensation acquired shall be paid into the Special Fund.