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RIGHTS AND OBLIGATIONS OF THE OWNERS Sample Clauses

RIGHTS AND OBLIGATIONS OF THE OWNERS. 2.1 The First Owner shall at all times hereafter subject to and with the benefit of the Government Grant and this Deed have the full and exclusive right and privilege to hold, use, occupy and enjoy to the exclusion of the Second Owner All That the Estate Together with the appurtenances thereto and the entire rents and profits thereof save and except only (a) the First Assigned Premises assigned to the Second Owner as aforesaid and (b) the Estate Common Areas and Estate Common Facilities. 2.2 The Second Owner shall at all times hereafter subject to and with the benefit of the Government Grant and this Deed have the full and exclusive right and privilege to hold, use, occupy and enjoy to the exclusion of the First Owner All That the First Assigned Premises Together with the appurtenances thereto and the entire rents and profits thereof. 2.3 Each Undivided Share and the full and exclusive right and privilege to hold, use, occupy and enjoy any part of the Estate shall be held by the person or persons from time to time entitled thereto subject to and with the benefit of the easements, rights, rights of way, privileges and obligations herein contained. 2.4 The Owners shall at all times hereafter be bound by and shall observe and perform the covenants, provisions and restrictions herein contained and the benefit and burden thereof shall be annexed to every part of the Land and the Estate and the Undivided Share or Shares held therewith. The Conveyancing and Property Ordinance shall apply to this Deed. 2.5 Subject to the Government Grant and this Deed, every Owner shall have the full right and liberty without reference to the other Owners or other persons who may be interested in any other Undivided Share or Shares in any way whatsoever and without the necessity of making such other Owners or other persons a party to the transaction to sell, assign, mortgage, charge, lease, licence or otherwise dispose of or deal with his Undivided Share or Shares or interest in the Land and the Estate together with the full and exclusive right and privilege to hold, use, occupy and enjoy such part or parts of the Estate which may be held therewith but any such sale, assignment, mortgage, legal charge, lease or licence shall be expressly subject to and with the benefit of this Deed. 2.6 No right or entitlement to the exclusive use occupation and enjoyment of any part of the Land or the Estate may be sold, assigned, mortgaged, charged, or otherwise dealt with separately from the Un...
RIGHTS AND OBLIGATIONS OF THE OWNERS and Users of the Apartments in the Apartment Building 1. Rights and obligations of the Owner of the Apartment a) Ownership over the purchased Usable Area of the Apartment under the Contract; b) Ownership and rights to use the Commonly Owned Areas in the Apartment Building, including areas in Article 8.2 of this Regulation; c) To request any person responsible for providing information, publicizing the contents related to the management and use of the Apartment Building; d) Complying with the decisions of the General Meeting of Apartment Building; đ) Taking responsibilities for maintenance of the private areas;

Related to RIGHTS AND OBLIGATIONS OF THE OWNERS

  • Rights and Obligations of the Parties SECTION 1

  • Rights and Obligations Except as expressly set forth in this Agreement, no Member, in its capacity as a Member, will have any right, power or authority to transact any business in the name of the Series, participate in the management of the Series or to act for or on behalf of or to bind the Series. A Member will have no rights other than those specifically provided herein or granted by law. Except as required by the Act, no Member, solely by reason of being a member, shall be liable for the debts, liabilities, obligations or expenses of the Series.