Common use of Said Scheme Clause in Contracts

Said Scheme. For selling the Units comprised in the Developer’s Allocation and in the Additional Developer’s Allocation, the Developer has adopted a scheme (Said Scheme). The Said Scheme is based on the legal premises that (1) the land contained in the Said Property is owned by the Owners and hence Land Shares therein must be transferred by the Owners, (2) such transfer by the Owners is in consideration of the Developer bearing all costs for the construction of the Owners’ Allocation except the Additional Developer’s Allocation and paying all other consideration to the Owners, (3) consequently, prospective purchaser (Intending Buyers) is nominee of the Developer and would have to pay all consideration for the Land Shares to the Developer and not the Owners, (4) the Units comprised in the Developer’s Allocation belong to the Developer as they have been constructed by the Developer at the Developer’s own cost and hence they shall be transferred by the Developer, (5) to give perfect title to the Intending Buyers, the Owners and the Developer should jointly enter into agreement with the Intending Buyers where under the Owners (accepting the Intending Buyers to be nominee of the Developer) would agree to sell Land Shares to the Intending Buyers and the Developer would agree to sell Units comprised in the Developer’s Allocation to the Intending Buyers and (6) the consolidated consideration payable by the Intending Buyers (for the Units and the Land Shares) should be received entirely by the Developer.

Said Scheme. For selling the Units Flats comprised in the Developer’s Allocation and in the Additional Developer’s Allocation, the Developer has adopted a scheme (Said Scheme). The Said Scheme is based on the legal premises that (1) the land contained in the Said Property Premises is owned by the Owners and hence Land Shares therein must be transferred by the Owners, (2) such transfer by the Owners is in consideration of the Developer bearing all costs for the construction of the Owners’ Allocation except the Additional Developer’s Allocation and paying all other consideration to the Owners, (3) consequently, prospective purchaser purchasers (Intending BuyersBuyer) is nominee are nominees of the Developer and would have to pay all consideration for the Land Shares to the Developer and not the Owners, (4) the Units Flats comprised in the Developer’s Allocation belong to the Developer as they have been constructed by the Developer at the Developer’s own cost and hence they shall be transferred by the Developer, (5) to give perfect title to the Intending BuyersBuyer, the Owners and the Developer should jointly enter into agreement with the Intending Buyers Buyer where under the Owners (accepting the Intending Buyers Buyer to be nominee nominees of the Developer) would agree to sell Land Shares to the Intending Buyers Buyer and the Developer would agree to sell Units Flats comprised in the Developer’s Allocation to the Intending Buyers Buyer and (6) the consolidated consideration payable by the Intending Buyers Buyer (for the Units Flats and the Land Shares) should be received entirely by the Developer.

Said Scheme. For selling the Units comprised in the Developer’s Allocation and in the Additional Developer’s Allocation, the Developer has adopted a scheme (Said Scheme). The Said Scheme is based on the legal premises that (1) the land contained in the Said Property is owned by the Owners and hence the Land Shares therein must be transferred by the Owners, (2) such transfer by the Owners is in consideration of the Developer bearing all costs for the construction of the Owners’ Allocation except excluding the Additional Developer’s Allocation and paying all other consideration to the Owners, (3) consequently, prospective purchaser (Intending BuyersBuyer) is nominee of the Developer and would have to pay all consideration for the Land Shares to the Developer and not the Owners, (4) the Units comprised in the Developer’s Allocation belong to the Developer as they have been constructed by the Developer at the Developer’s own cost and hence they shall be transferred by the Developer, (5) to give perfect title to the Intending BuyersBuyer, the Owners and the Developer should jointly enter into agreement with the Intending Buyers Buyer where under the Owners (accepting the Intending Buyers Buyer to be nominee of the Developer) would agree to sell Land Shares to the Intending Buyers Buyer and the Developer would agree to sell Units comprised in the Developer’s Allocation to the Intending Buyers Buyer and (6) the consolidated consideration payable by the Intending Buyers Buyer (for the Units and the Land Shares) should be received entirely by the Developer.

Said Scheme. For selling the Units comprised in the Developer’s Allocation and in the Additional Developer’s Allocation, the Developer has adopted a scheme (Said Scheme). The Said Scheme is based on the legal premises that (1) the land contained in the Said Property is owned by the Owners and hence Land Shares therein must be transferred by the Owners, (2) such transfer by the Owners is in consideration of the Developer bearing all costs for the construction of the Owners’ Allocation except the Additional Developer’s Allocation and paying all other consideration to the Owners, (3) consequently, prospective purchaser purchasers (Intending BuyersBuyer) is nominee of the Developer and would have to pay all consideration for the Land Shares to the Developer and not the Owners, (4) the Units comprised in the Developer’s Allocation belong to the Developer as they have been constructed by the Developer at the Developer’s own cost and hence they shall be transferred by the Developer, (5) to give perfect title to the Intending BuyersBuyer, the Owners and the Developer should jointly enter into agreement with the Intending Buyers Buyer where under the Owners (accepting the Intending Buyers Buyer to be nominee of the Developer) would agree to sell Land Shares to the Intending Buyers Buyer and the Developer would agree to sell Units comprised in the Developer’s Allocation to the Intending Buyers Buyer and (6) the consolidated consideration payable by the Intending Buyers Buyer (for the Units and the Land Shares) should be received entirely by the Developer.

Said Scheme. For selling the Units comprised in the Developer’s Allocation and in the Additional Developer’s Allocation, the Developer has adopted a scheme (Said Scheme). The Said Scheme is based on the legal premises that (1) the land contained in the Said Property is owned by the Owners and hence Land Shares therein must be transferred by the Owners, (2) such transfer by the Owners is in consideration of the Developer bearing all costs for the construction of the Owners’ Allocation except the Additional Developer’s Allocation and paying all other consideration to the Owners, (3) consequently, prospective purchaser (Intending BuyersBuyer) is nominee of the Developer and would have to pay all consideration for the Land Shares to the Developer and not the Owners, (4) the Units comprised in the Developer’s Allocation belong to the Developer as they have been constructed by the Developer at the Developer’s own cost and hence they shall be transferred by the Developer, (5) to give perfect title to the Intending BuyersBuyer, the Owners and the Developer should jointly enter into agreement with the Intending Buyers Buyer where under the Owners (accepting the Intending Buyers Buyer to be nominee of the Developer) would agree to sell Land Shares to the Intending Buyers Buyer and the Developer would agree to sell Units comprised in the Developer’s Allocation to the Intending Buyers Buyer and (6) the consolidated consideration payable by the Intending Buyers Buyer (for the Units and the Land Shares) should be received entirely by the Developer.

Said Scheme. For selling the Units Flats comprised in the Developer’s Allocation and in the Additional Developer’s Allocation, the Developer has adopted a scheme (Said Scheme). The Said Scheme is based on the legal premises that (1) the land contained in the Said Property Premises is owned by the Owners and hence Land Shares therein must be transferred by the Owners, (2) such transfer by the Owners is in consideration of the Developer bearing all costs for the construction of the Owners’ Allocation except the Additional Developer’s Allocation and paying all other consideration to the Owners, (3) consequently, prospective purchaser (Intending Buyers) is are nominee of the Developer and would have to pay all consideration for the Land Shares to the Developer and not the Owners, (4) the Units Flats comprised in the Developer’s Allocation belong to the Developer as they have been constructed by the Developer at the Developer’s own cost and hence they shall be transferred by the Developer, (5) to give perfect title to the Intending Buyers, the Owners and the Developer should jointly enter into agreement with the Intending Buyers where under the Owners (accepting the Intending Buyers to be nominee of the Developer) would agree to sell Land Shares to the Intending Buyers and the Developer would agree to sell Units Flats comprised in the Developer’s Allocation to the Intending Buyers and (6) the consolidated consideration payable by the Intending Buyers (for the Units Flats and the Land Shares) should be received entirely by the Developer.