Common use of Sub-Deed of Mutual Covenant Clause in Contracts

Sub-Deed of Mutual Covenant. (a) To enter into a Sub-Deed of Mutual Covenant (in this paragraph 13, the “Sub-DMC”) in respect of any part of the Development the Shares relating to and the Right to Occupy which are beneficially owned by the First Owner Provided That (i) the Director of Lands has given his approval or waived the requirement for his approval of the Sub-DMC; and (ii) the Sub-DMC does not conflict with this Deed. (b) To appoint a manager for the part of the Development for which a Sub-DMC has been entered into.

Appears in 1 contract

Samples: Deed of Mutual Covenant and Management Agreement

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Sub-Deed of Mutual Covenant. (a) To enter into a Sub-Deed of Mutual Covenant (in this paragraph 1314, the “Sub-DMC”) in respect of any part of the Development the Shares relating to and the Right to Occupy which are beneficially owned by the First Owner Provided That (i) the Director of Lands has given his approval or waived the requirement for his approval of the Sub-DMC; and (ii) the Sub-DMC does not conflict with this Deed. (b) To appoint a manager for the part of the Development for which a Sub-DMC Deed of Mutual Covenant has been entered into.

Appears in 1 contract

Samples: Deed of Mutual Covenant and Management Agreement

Sub-Deed of Mutual Covenant. (a) To enter into a Sub-Deed of Mutual Covenant (in this paragraph 1310, the “Sub-DMC”) in respect of any part of the Development the Shares relating to and the Right to Occupy which are beneficially owned by the First Owner Provided That: (i) the Director of Lands has given his approval or waived the requirement for his approval of the form of the Sub-DMC; and (ii) the Sub-DMC does not conflict with this Deed. (b) To appoint a manager for the part of the Development for which a Sub-DMC has been entered into.

Appears in 1 contract

Samples: Deed of Mutual Covenant and Management Agreement

Sub-Deed of Mutual Covenant. (a) To enter into a Sub-Deed of Mutual Covenant (in this paragraph 1311, the “Sub-DMC”) in respect of any part of the Development the Shares relating to and the Right to Occupy which are beneficially owned by the First Owner Provided That (i) the Director of Lands has given his approval or waived the requirement for his approval of the form of the Sub-DMC; and (ii) the Sub-DMC does not conflict with this Deed. (b) To appoint a manager for the part of the Development for which a Sub-DMC Deed of Mutual Covenant has been entered into.

Appears in 1 contract

Samples: Deed of Mutual Covenant and Management Agreement

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Sub-Deed of Mutual Covenant. (a) To enter into a Sub-Deed of Mutual Covenant (in this paragraph 1310, the “Sub-DMC”) in respect of any part of the Development the Undivided Shares relating to and the Right to Occupy which are beneficially owned by the First Owner Provided That: (i) the Director of Lands has given his approval or waived the requirement for his approval of the form of the Sub-DMC; and (ii) the Sub-DMC does not conflict with this Deed. (b) To appoint a manager for the part of the Development for which a Sub-DMC has been entered into.

Appears in 1 contract

Samples: Deed of Mutual Covenant and Management Agreement

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