Right to Occupy definition

Right to Occupy means the exclusive right and privilege of an Owner, vis-à-vis the other Owners, and the Manager or (as the case may be) the Owners’ Corporation as owner of the Common Parts Shares, to hold, use, occupy and enjoy a Unit attached to any Share owned by him and to receive the rents and profits arising from the Unit;

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Right to Occupy means the right to occupy a unit granted to you by the Trust on the terms and conditions in this agreement.

Right to Occupy means the exclusive right and privilege of an Owner, vis-a-vis the other Owners, and the Manager or (as the case may be) the Owners’ Corporation as owner of the Common Parts Shares, to hold, use, occupy and enjoy a Unit attached to any Share owned by him and to receive the rents and profits arising from the Unit;

Examples of Right to Occupy in a sentence

• The First Assignee shall, subject to and with the benefit of this Deed, have the Right to Occupy the First Assignee’s Unit to the exclusion of the First Owner.

• Subject to the Land Grant and this Deed, every Owner shall have the right without reference to the other Owners or the Manager to sell, assign, charge, mortgage, lease, licence or otherwise dispose of or deal with his Shares together with the attached Right to Occupy if such transaction is expressly made subject to and with the benefit of this Deed.

• The Right to Occupy any Unit shall not be sold, assigned, charged, mortgaged, leased, licensed or otherwise disposed of or dealt with separately from the Shares to which it is attached other than by a lease or tenancy or a contractual licence.

• Each Owner shall hold his Share(s) and the attached Right to Occupy subject to and with the benefit of this Deed and the rights contained in Schedule 3.

• The Agent shall remit to each applicable Lender its allocable share of any recovery from Borrower or another Loan Party of amounts previously paid by such Lender.

• Each Owner shall be responsible for and shall indemnify the Manager and the other Owners and occupiers of the Land and their licensees against all losses incurred by it or them as the direct or indirect result of the act or omission of himself or any occupier of the Unit which he has the Right to Occupy or their respective licensees or invitees or in any way owing to the overflow of water or escape of fire, smoke or fumes or any other emission therefrom.

• The First Owner shall have the Right to Occupy the entire Land (other than the First Assignee’s Unit and the Common Parts) subject to and with the benefit of this Deed.

• Subject to the approval by a resolution passed at an Owners’ meeting, the right to designate on such terms as it considers fit any part of the Land which it has the Right to Occupy to be additional Common Parts and, after such designation, the expense of maintaining such additional Common Parts shall be included in the Management Expenses Provided That such designation shall not adversely affect any Owner’s Right to Occupy his Unit(s).

• The right to surrender or assign any part of the Land which the First Owner has the Right to Occupy which is required to be surrendered or assigned to the Government.

• Any charge registered under Clause 10.14(b) shall be enforceable as an equitable charge by action at the suit of the Manager for an order for sale of the Share of the defaulting Owner together with the attached Right to Occupy and Clause 10.13 shall apply equally to any such action.

More Definitions of Right to Occupy

Right to Occupy means the right to occupy the Unit granted to you by the Trust on the terms and conditions in this Agreement. Rules means the rules attached to this agreement in the Fifth Schedule, as may be amended from time to time.