Participating Owner definition
Examples of Participating Owner in a sentence
They also agree that in the event of the 1992 Fund bringing proceedings to enforce a claim against a Club in respect of an Entered Ship, the Club may require the Participating Owner to be joined in such proceedings.
Such proceedings may include an action brought by the Supplementary Fund against a Participating Owner to determine any issue relating to the construction, validity and/or performance of this Agreement.
Such proceedings may include an action brought by the 1992 Fund against a Participating Owner to determine any issue relating to the construction, validity and/or performance of this Agreement.
Participating Owner is responsible for issuing Recreation Plus Passes to each bona fide rental guest.
The Participating Owner and his Club agree to grant to the 1992 Fund any extension of time which the 1992 Fund may reasonably require in respect of the commencement or conduct of such proceedings in circumstances where recourse action is ongoing and/or no notice of final conclusion has been given in accordance with Paragraph (B) above.
Under Clause X a Participating Owner may withdraw from the Scheme, and the terms on which he may do so are set out.
Participating Owner agrees to pay the applicable annual fee set forth in the schedule below (the “Recreation Plus Fee”).
If Recreation Plus Passes are lost, stolen, or misplaced it is the responsibility of Participating Owner or Participating Owner’s Property Representative to notify SROA immediately.
Two Recreation Plus Passes per bedroom, plus two additional Recreation Plus Passes, will be issued to the Participating Owner or authorized Property Representative.
Temporary passes are issued and must be picked up by the Participating Owner / Property Representative at the SROA Member Services office during regular business hours.