THE BODY CORPORATE Sample Clauses

THE BODY CORPORATE. 23.1 The Purchaser acknowledges that the Purchaser has been made aware of the following material facts and circumstances relating to the Scheme and the Property on which the Scheme will be situated namely that the Seller shall when submitting the application for the registration of the Sectional Plan of the Scheme, register Management and Conduct Rules for the Scheme in terms of Section 35 of the Act as approved by the Chief Ombud acting in terms of the STSMA and the Regulations thereto. 23.2 The Scheme shall, in addition to the Act, be governed by the STSMA.
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THE BODY CORPORATE. 23.1 The Purchaser acknowledges that the Purchaser has been made aware of the following material facts and circumstances relating to the Scheme and the development area within which the Scheme will be situated namely that the Seller shall when submitting the application for the registration of the Sectional Plan of the Scheme, register Management and Conduct Rules for the Scheme in terms of Section 35 of the Act as approved by the Chief Ombud acting in terms of the Sectional Titles Schemes Management Act, 2011 (Act No. 8 of 2011) and the Regulations thereto. 23.2 The Scheme shall, in addition to the Act, be governed by the STSMA.
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THE BODY CORPORATE. The Body Corporate as contemplated in Section 36 of the Sectional Titles Act in respect of this scheme.
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THE BODY CORPORATE. 11.1 It is recorded that on registration of the first Unit in each of the proposed 4 phases of the Development, a Body Corporate shall be established in terms of Section 36 of the Act in respect of each of the proposed 4 phases. 11.2 It is recorded that the Body Corporates of Phase 1 and 2 have been established. 11.3 It is recorded that the Purchaser shall automatically become a member of the Body Corporate of Phase 3 upon the Transfer Date in accordance with the terms and conditions of the Act. 11.4 Each Body Corporate shall promote the communal interest of its members; 11.5 The Purchaser acknowledges that: 11.5.1 he will be bound by the rules, regulations and future resolutions and decisions of the Body Corporate; 11.5.2 he will be bound by the Constitution of the Homeowners Association which is binding on the Body Corporate of each of the 4 phases. 11.5.3 the Purchaser agrees and acknowledges: 11.5.3.1 to pay his monthly levy to the Body Corporate, which levy, incorporates a levy to the Home Owners Association, in accordance with the estimated levy schedule annexed hereto marked "D"; 11.5.4 Subject to the provisions of clause 12 in the event of the Purchaser selling the Property the Purchaser undertakes to inform the new purchaser of the existence of the Body Corporate and the Homeowners Association and advise the new purchaser that he will on registration of the transfer of the Property immediately and automatically become a member of the Body Corporate and the Home Owners Association.
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THE BODY CORPORATE. It is recorded that the domicillium citandi et executandi of the Body Corporate is ...
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THE BODY CORPORATE. The Body Corporate established for this scheme as contemplated in terms of Section 36 of the Sectional Titles Act No. 95 of 1986 or any amendment thereof and/or promulgated there under from time to time. The rules referred to in Section 35 of the Sectional Titles Act which controls the scheme or as promulgated there under from time to time. The Sectional Plan to be registered in respect of the scheme in terms of the Sectional Titles Act 66 of 1971 or the Sectional Titles Act 95 of 1986 thereof and/or promulgated there under from time to time.
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THE BODY CORPORATE. 23.1 The PURCHASER acknowledges that there are statutory restrictions on amending the Management Rules contemplated in Section 35(2) made available by the Selling Agent to the PURCHASER . Certain of these Rules may not be substituted, added to, amended or withdrawn by the Developer when submitting an application for the opening of a sectional title register. However, when making such an application, a Developer may, by the powers conferred upon it under section 11(3)(b) of the Act, impose registerable conditions and substitute any Management Rule. The Body Corporate shall be constituted in terms of Section 11(3)(b) of the Act and shall come into existence simultaneously with the registration in the Deeds Office of the Sectional Plan. The PURCHASER further acknowledges that the Developer in terms of the Section 11(3)(b) shall impose the following restrictive conditions: 23.1.1 all members of the Body Corporate of the Scheme referred in 1.1.33 of which the unit forms part, shall be members of the relevant association referred to in 1.1.21 or 1.
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THE BODY CORPORATE. The PURCHASER acknowledges that the Body Corporate shall be established upon the opening of the Sectional Title Register and the passing of the first transfer in terms thereof.
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THE BODY CORPORATE. 11.1 The Purchaser acknowledges that all members of the Body Corporate shall be members of an Association, which will bind the members to assign their functions and powers of the Body Corporate to that Association will apply and the Purchaser acknowledges and agrees that he/she is acquainted with the provisions thereof. 11.2 The Purchaser agrees that: 11.2.1 immediately upon becoming the registered owner of the Property the Purchaser will automatically become a member of the Body Corporate and will be and remain bound by the Rules applicable to it for so long as the Purchaser is a registered owner; 11.2.2 should the Purchaser sell the Property the Purchaser will ensure that any potential buyer is made fully aware of the existence of the Body Corporate and the Association and the fact that such buyer will automatically become a member of the Body Corporate and such Association; 11.2.3 the Seller or its nominee shall, in terms of the Rules, be entitled to lease parking bays that may be retained by the Seller or its nominee, to third parties who may not be owners of units within the development; 11.2.4 the Seller shall have the exclusive right as regards any signage to be affixed to the interior and exterior of the building as well as the right to sell, let or otherwise alienate such rights for its own benefit and account. 11.3 From the Occupation Date until the date of registration of transfer of the property into the name of the Purchaser, the Purchaser shall: 11.3.1 Keep the Unit in good repair; 11.3.2 permit the Seller or his agent at all reasonable times to enter and inspect the Unit; 11.3.3 be responsible for all costs of electricity and water consumed in the Unit insofar as these may be separately metered; 11.3.4 not make any alterations to the Unit, alter the colour scheme or redecorate, without the Seller's written consent first being obtained, which consent shall not be unreasonably withheld; 11.3.5 save insofar as may be inconsistent with the provisions of this Agreement, be responsible for all other obligations of an owner as set out in the Act; 11.3.6 comply with all rules and regulations applicable to the Property; 11.3.7 not be allowed to sell, transfer and/or cede the Unit and/or any rights in respect of the Exclusive Use Areas (including, but not limited to, the Purchaser's rights of occupation thereof) except with the prior written consent of the Seller.
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Related to THE BODY CORPORATE

  • Other Entities Executive agrees to serve if appointed, without additional compensation, as an officer and director for each of the Company’s subsidiaries, partnerships, joint ventures, limited liability companies and other affiliates, including entities in which the Company has a significant investment as determined by the Company. As used in this Agreement, the term “affiliates” will mean any entity controlled by, controlling, or under common control of the Company.

  • Corporation A. For any Concessionaire that presents itself or represents itself as a corporation operating or doing business in the State of New Jersey, all papers of incorporation, including authorized agents for receipt of legal documents, shall be provided to Department, along with renewals, changes, or any other documents that in any way affect the current or future status of Concessionaire as a legal corporation. B. Concessionaire shall adopt the required corporate or partnership resolution, as applicable, authorizing the execution of the Agreement by Concessionaire. Concessionaire shall submit a copy of said resolution to Department prior to execution of the Agreement by Department. C. Prior to the Effective Date of the Agreement, Concessionaire shall provide the Department with a completed Ownership Disclosure Form pursuant to N.J.S.A. 52:25-24.2.

  • Entity If the Subscriber is a corporation, company, trust, employee benefit plan, individual retirement account, Xxxxx Plan, or other tax-exempt entity, it is authorized and qualified to become an investor in the Company and the person signing this Agreement on behalf of such entity has been duly authorized by such entity to do so.

  • Joint Venture Nothing contained in the Agreement shall be construed as creating a joint venture, partnership, agency or employment relationship between Plan and Controlled Affiliate or between either and BCBSA.

  • Person The term “Person” shall mean any individual, corporation, partnership, limited liability company, trust, joint stock company, business trust, unincorporated association, joint venture, governmental authority or other entity of any nature whatsoever.

  • Limited Liability Company The Member intends to form a limited liability company and does not intend to form a partnership under the laws of the State of Delaware or any other laws.

  • Joint Venture, Consortium or Association 6.1 If the Supplier is a joint venture, consortium, or association, all of the parties shall be jointly and severally liable to the Procuring Entity for the fulfilment of the provisions of the Contract and shall designate one member of the joint venture, consortium, or association to act as a leader with authority to bind the joint venture, consortium, or association. The composition or the constitution of the joint venture, consortium, or association shall not be altered without the prior written consent of the Procuring Entity.

  • ARTISTES AND ATHLETES 1. Notwithstanding the provisions of Articles 14 and 15, income derived by a resident of a Contracting State as an entertainer, such as a theatre, motion picture, radio or television artiste, or a musician, or as an athlete, from his personal activities as such exercised in the other Contracting State, may be taxed in that other Contracting State. 2. Where income in respect of personal activities exercised by an entertainer or an athlete in his capacity as such accrues not to the entertainer or athlete himself but to another person, that income may, notwithstanding the provisions of Articles 7, 14 and 15, be taxed in the Contracting State in which the activities of the entertainer or athlete are exercised. 3. Notwithstanding the provisions of paragraphs 1 and 2, income derived by entertainers or athletes who are residents of a Contracting State from the activities exercised in the other Contracting State under a plan of cultural exchange between the Governments of both Contracting States shall be exempt from tax in that other Contracting State.

  • Company Ownership of Other Entities The Company does not own an interest in any corporation, partnership, limited liability company, joint venture, trust or other entity.

  • Individual “Individual” shall have the same meaning as the term “individual” in Section 164.501 and shall include a person who qualifies as a personal representative in accordance with Section 164.502(g).

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