Jointly Owned Property Law definition

Jointly Owned Property Law means Law No. (27) of 2007 On Ownership of Jointly Owned Property in the Emirate of Dubai and includes any regulations and decisions issued by the chairman of the Land Department from time to time pursuant to Article 32 of such Law; DRAFT
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Examples of Jointly Owned Property Law in a sentence

  • The Unit Entitlements have been calculated on the basis of area with the Unit Entitlement of each Unit calculated by dividing the Unit Area by the Total Unit Areas in accordance with the Jointly Owned Property Law.

  • The Unit Entitlements may be varied from time to time in accordance with the Jointly Owned Property Law.

  • The Seller shall act in compliance with its obligations relating to defects under the Jointly Owned Property Law and shall not have any further responsibility or liability whatsoever in respect of any defects and/or the manner or standard of construction and/or the design of the Unit, and/or the Building whatsoever.

  • Until such time as the Building Owners Association is legally formed and Registered in accordance with the Jointly Owned Property Law, and recognized by the Dubai Land Department and RERA, the Seller (or its nominee) shall undertake the functions (and have such rights and obligations) of the Building Owners Association in accordance with the provisions contained in the Building JOPD.

  • Management of Building It is intended by the Seller that, to the extent required by Applicable Law and the requirements of the Relevant Authorities (including the Dubai Land Department and RERA) a Building Owners Association shall be formed in accordance with the Jointly Owned Property Law and for a Building JOPD to be Registered that sets out the rights and obligations of all Unit Owners in the Building.

  • The Purchaser agrees that the Governance Documents may be varied by the Seller in accordance with the Agreement or as may be otherwise required to comply with any Applicable Law (including the Jointly Owned Property Law) or as may be required by the Dubai Land Department or RERA from time to time.

  • Owners Association Management Services Stratum provides Owners Associations with total asset management, including all technical, financial and operational support in compliance with the Dubai Jointly Owned Property Law.

  • The information handout distributed with this Agenda will go into further detail in relation to the Jointly Owned Property Law, Directions and Regulations, the formation of Owners Associations, and the role of the Developer and Owners.

  • The Purchaser acknowledges and agrees that if the Purchaser fails to pay the Building Service Charges, the Building Owners Association may, without prejudice to their respective rights under the Jointly Owned Property Law, withdraw certain services to the Building and restrict access to the Building Common Areas (including the Unit Leisure Facilities) until the Building Service Charges (and any charges and compensation imposed by the Building Owners Association) are paid in full.

  • The objective is to identify, understand and validate service charge components to form a common standard in line, and as defined, by the Jointly Owned Property Law (JOP) and Regulations and/or Directions.

Related to Jointly Owned Property Law

  • Company Owned Real Property shall have the meaning set forth in Section 3.15(a).

  • Owned Real Property has the meaning set forth in Section 4.10(a).

  • Owned Property has the meaning set forth in Section 4.10(a).

  • Owned Real Estate means all land, together with all buildings, structures, fixtures, and improvements located thereon and all easements, rights of way, and appurtenances relating thereto, owned by the Company or any of its Subsidiaries.

  • Owned Real Properties has the meaning set forth in Section 3.16(b).

  • Company Owned Intellectual Property means all Intellectual Property owned or purported to be owned by the Company, in whole or in part.

  • Owned Properties has the meaning set forth in Section 3.16.

  • Wholly-Owned Affiliate has the meaning specified in Rule 2 of Regulation RR.

  • Company-Owned IP Rights means Intellectual Property that is owned by the Company or any of its Subsidiaries.

  • Company Owned IP means all Intellectual Property rights owned or purported to be owned by the Company or any of the Company Subsidiaries.

  • Real Property Laws has the meaning set forth in Section 4(l) below.

  • Material Owned Real Property means any Real Property, or group of related tracts of Real Property, acquired (whether in a single transaction or a series of transactions) or owned in fee by any Loan Party, in each case, in respect of which the fair market value (including the fair market value of improvements owned or leased by such Loan Party and located thereon) on such date of determination exceeds $1,000,000.

  • Industrial Property Rights means all of the Company's patents, trademarks, trade names, inventions, copyrights, know-how or trade secrets, formulas and science, now in existence or hereafter developed or acquired by the Company or for its use, relating to any and all products and services which are developed, formulated and/or manufactured by the Company.

  • Women Owned Business Enterprise or "WBE" means a firm awarded certification as a women owned and controlled business in accordance with City Ordinances and Regulations as well as a firm awarded certification as a women owned business by Cook County, Illinois. However, it does not mean a firm that has been found ineligible or which has been decertified by the City or Cook County.

  • Owned Company Intellectual Property means all Intellectual Property owned by the Company or any Company Subsidiary, other than unregistered items of Intellectual Property.

  • Women-owned business means a business that is at least 51 percent owned by one or more women who are U.S. citizens or legal resident aliens, or in the case of a corporation, partnership, or limited liability company or other entity, at least 51 percent of the equity ownership interest is owned by one or more women who are U.S. citizens or legal resident aliens, and both the management and daily business operations are controlled by one or more women.

  • Real Property Rights means all rights in or to real property (such as leasehold or other rights to use or access the Project Site), leases, agreements, Permits, easements, including licenses, private rights-of-way, and utility and railroad crossing rights required to be obtained or maintained by Owner in connection with construction of the Project on the Project Site, transmission of electricity to the Grid, performance of the Work, or operation of the Project.

  • Company Intellectual Property Agreements means any Contract to which the Company or any Subsidiary is a party or is otherwise bound and (A) pursuant to which the Company or any Subsidiary has granted any rights with respect to any Company Intellectual Property or has been granted any rights with respect to any Third-Party Intellectual Property, or (B) that otherwise governs any Company Intellectual Property.

  • Excluded Affiliate means any portfolio company of the Servicer or the Transferor, as applicable, that is not consolidated on the financial statements of the Servicer or the Transferor, as applicable.

  • Minority or Women-Owned Business Enterprise means a business enterprise, including a sole proprietorship, partnership or corporation that is:

  • After-Acquired Intellectual Property has the meaning assigned to such term in Section 4.02(d).

  • Specified Affiliate is any Person (a) more than ten percent (10.0%) of whose aggregate issued and outstanding equity or ownership securities or interests, voting, non-voting or both, are owned or held directly or indirectly, beneficially or of record, by Borrower, and/or (b) whose equity or ownership securities or interests representing more than ten percent (10.0%) of such Person’s total outstanding combined voting power are owned or held directly or indirectly, beneficially or of record, by Borrower.

  • Wholly Owned Domestic Subsidiary means a Wholly Owned Subsidiary that is also a Domestic Subsidiary.

  • Non-owned auto means: 1. Any private passenger auto, pickup, van or "trailer" not owned by or furnished or available for the regular use of you or any "family member" while in the custody of or being operated by you or any "family member"; 2. Any auto or "trailer" you do not own while used as a temporary substitute for "your covered auto" which is out of normal use because of its:

  • Women-owned business concern means a concern which is at least 51 percent owned by one or more women; or in the case of any publicly owned business, at least 51 percent of its stock is owned by one or more women; and whose management and daily business operations are controlled by one or more women.

  • Owned Intellectual Property means all Intellectual Property owned or purported to be owned by the Company or any of its Subsidiaries.