Shares and Management Shares. (a) The right to re-allocate the Shares registered in the name of the First Owner. (b) The right to adjust the number of Management Shares and the fraction which each Management Share bears to the whole.
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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
Shares and Management Shares. (a) The right to re-allocate the Shares registered in the name of the First OwnerOwner subject to the approval of the Director of Lands.
(b) The right to adjust the number of Management Shares and the fraction which each Management Share bears to the wholewhole subject to the approval of the Director of Lands.
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Shares and Management Shares. (a) The right to re-allocate the Shares registered in the name of the First Owner.
(b) The right to adjust the number of Management Shares and the fraction which each Management Share bears to the whole.
(c) The exercise of the rights mentioned in sub-paragraphs (a) and (b) above shall be subject to Clause 14.21 and the approval of the Director of Lands.
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