Summary of Income and Expenditure. (a) The Manager shall open and maintain an interest-bearing account in the name of the Manager and to be held on trust by the Manager for and on behalf of all the Owners for the time being of the Land and the Building and the Manager shall use that account exclusively in respect of the management of the Land and the Building.
Appears in 6 contracts
Samples: Management Agreement, And Management Agreement, Covenant and Management Agreement
Summary of Income and Expenditure. (a) The Manager shall open and maintain an interest-bearing account in the name of the Manager and to be held on trust by the Manager for and on behalf of all the Owners for the time being of the Land and the Building Development and the Manager shall use that account exclusively in respect of the management of the Land and the BuildingDevelopment.
Appears in 3 contracts
Samples: www.gardencrescent.hk, www.mantinheights.com.hk, www.mantinheights.com.hk
