Examples of Undivided Share in a sentence
Each Undivided Share together with the sole and exclusive right and privilege to hold, use, occupy and enjoy any part of the Development and to receive rents and profits therefrom shall be held by the Owners from time to time entitled thereto subject to and with the benefit of the rights, privileges, easements and obligations provided in the SECOND SCHEDULE hereto and the express covenants and provisions herein contained.
Subject to Clause 10.1 above, no person shall, after ceasing to be the Owner of any Undivided Share, be liable for any debt liability or obligation under the covenants, terms and conditions of this Deed in respect of such Undivided Share and the Unit held therewith save and except in respect of any breach, non-observance or non-performance by such person of any such covenant or term and condition prior to his ceasing to be the Owner thereof.
The consideration of the Apartment along with corresponding Undivided Share in the land is Rs. 10523125/-(Rupees One Crore Five Lakh Twenty Three Thousand One Hundred Twenty Five ).
The covenants and provisions of this Deed shall be binding on the parties hereto and their respective executors, administrators, successors in title and assigns and the benefit and burden thereof shall be annexed to and run with the Land and the Development and each and every of the Units and Common Areas and Facilities and to the Undivided Share or Shares held therewith.
Each Owner shall on ceasing to be the Owner of any Undivided Share and the Unit enjoyed therewith notify the Manager of such cessation and of the name and address of the new Owner within one (1) month from the date of the relevant assignment and such Owner shall remain liable for all such sums and for the observance and performance of such terms and conditions up to the date on which he ceases to be the Owner.