Transfer to Owners’ Association Sample Clauses

Transfer to Owners’ Association. In addition to the other Transfer provisions of this Agreement, following the issuance of a temporary or final Certificate of Occupancy for an individual building project, or notice of completion or acceptance of Project Infrastructure associated with either an individual building project, or all or an identified portion of a final map, Landowner may Transfer any remaining obligations which pertain to the individual building project or to the applicable completed work of Project Infrastructure to the Responsible Owners’ Association with the ability and financial capacity (as provided in Section 16 hereto), to perform such duties so Transferred, including, without limitation, obligations associated with the operation, maintenance and repair of privately owned Project Infrastructure and obligations associated with any transportation systems management plan or other on-going obligations under the MMRP, this Agreement, other Project Approvals or Subsequent Approvals. Provided written notice to the Local Agency is provided in accordance with this Section 19, the Local Agency shall provide Landowner with a written release in a form and substance reasonably satisfactory to Landowner from the obligations so Transferred (but excluding therefrom any default which occurred prior to the date of such Transfer).
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Transfer to Owners’ Association. In addition to the other Transfer provisions of this Agreement, following the issuance of a temporary or final Certificate of Occupancy for an individual building project, or notice of completion or acceptance of Project Infrastructure associated with either an individual building project, or all or an identified portion of a final map, Landowner may Transfer any remaining obligations which pertain to the individual building project or to the applicable completed work of Project Infrastructure to the Responsible Owners’ Association with the ability and financial capacity (as provided in Section 16 hereto), to perform such duties so Transferred, including, without limitation, obligations associated with the operation, maintenance and repair of privately owned Project Infrastructure and obligations associated with any transportation systems management plan or other on-going obligations under the MMRP, this Agreement, other Project Approvals or Subsequent Approvals.
Sample 1

Related to Transfer to Owners’ Association

  • OWNERS’ ASSOCIATION 13.1 That the Purchaser shall become a member of the association / society that has been formed (details of association are given in annexure – A) to look after the maintenance of the Housing Project and shall abide by its rules. 13.2 In case the society / association has yet to be formed, the Purchaser shall pay to the Vendor such proportionate cost of outgoings such as common water charges, common lights, repairs, salaries of clerk, watchman, sweepers, etc., as may be determined by the Vendor. It is proposed that the monthly maintenance charges payable by the Purchaser to the Association/Vendor shall be Rs. 2/- per sft from the deemed date of completion of the Scheduled Flat. The rate shall be subject to change and periodic upward revision. 13.3 If the Purchaser ever fails to pay maintenance charges, corpus fund or other charges related to the Scheduled Flat, the Association shall be entitled to disconnect and stop providing all or any services to the Scheduled Flat including water, electricity, etc. Further, the Purchaser may be barred from using common amenities like clubhouse, swimming pool, parks, open areas, generator backup, etc., till such time all arrears are cleared. 13.4 The Purchaser shall pay corpus fund to the Association at the time of taking possession of the completed flat. The details of corpus fund payable are given in Annexure – A. The details of the initial monthly maintenance charges payable by the Purchaser to the Association/Vendor, from the deemed date of completion of the Scheduled Flat is given in Annexure -A. 13.5 The Vendor has proposed to deliver the common amenities in phases on or before completion of the last block of flats. The monthly maintenance charges payable by the Purchaser to the Association shall not be linked to provision/completion of common amenities. The Purchaser shall not raise any objection on this count. 13.6 The monthly maintenance charges payable to the Association are proposed to be increased from time to time and the Purchaser shall be liable to pay such increased charges. 13.7 The Purchaser agrees not to withhold or delay payment of monthly maintenance charges to the Association for any defects in construction. Repairs/correction of defects in construction, if any, is the responsibility of the Vendor and the Purchaser agrees to not withhold payment of monthly maintenance charges. 13.8 The Vendor shall be entitled to form the Owners Association and draft its bye-laws as he deems fit and proper. The Vendor and its nominees shall be the founding members of the Association. The Association shall be handed over to the members of the Association (i.e., prospective purchasers) at the time of completion of the entire Housing Project, by calling for elections for its executive committee members. Till such time the Vendor and its nominees shall run the day today affairs of the Association. The Purchaser shall not raise any objection on this count.

  • HOMEOWNERS ASSOCIATION 9.1 The Purchaser acknowledges that the Property falls under the jurisdiction of the HOA, being a new Homeowners’ Association, which came into existence on registration of transfer of the first Erf in the Development from the Seller to a third party purchaser, it being recorded that the HOA is established for the benefit of, inter alia, all of owners of xxxxx in the Development and to control and maintain roads, services and amenities within, inter alia, the Development.

  • APARTMENT OWNERSHIP ACT (OF THE RELEVANT STATE The Promoter has assured the Allottees that the project in its entirety is in accordance with the provisions of the [Please insert the name of the state Apartment Ownership] Act). The Promoter showing compliance of various laws/regulations as applicable in .

  • Indigenous Peoples The Borrower shall, and shall cause MOT and ARS to, ensure that the Project does not cause any impact on indigenous people within the meaning of the SPS. In the event that the Project does have any such impact, the Borrower shall, and shall cause MOT and ARS to, take all steps required to ensure that the Project complies with the applicable laws and any other applicable regulations of the Borrower and the SPS.

  • Data Storage Where required by applicable law, Student Data shall be stored within the United States. Upon request of the LEA, Provider will provide a list of the locations where Student Data is stored.

  • Contract for Professional Services of Physicians Optometrists, and Registered Nurses

  • Operator The Optionee shall be the operator for purposes of developing and executing exploration programs.

  • Quality Management System Supplier hereby undertakes, warrants and confirms, and will ensue same for its subcontractors, to remain certified in accordance with ISO 9001 standard or equivalent. At any time during the term of this Agreement, the Supplier shall, if so instructed by ISR, provide evidence of such certifications. In any event, Supplier must notify ISR, in writing, in the event said certification is suspended and/or canceled and/or not continued.

  • Transfer of Ownership Trust..........................................................

  • Data Ownership BA acknowledges that BA has no ownership rights with respect to the Protected Information.

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