Undivided Shares definition

Undivided Shares means those equal undivided parts or shares of and in the Lot and of and in the Development allocated in accordance with the provisions of these presents or in accordance with any Sub-Deed;

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Undivided Shares. All those 120,792 equal undivided parts or shares of and in the Lot and the Development allocated to the Units and the Common Areas and Common Facilities as set out in the First Schedule hereto.

Undivided Shares. All or any of the 3,781 equal undivided parts or shares into which the Land and the Estate are notionally divided. "Works and Installation" The major works and installations in the Estate (whether forming part of the Estate Common Areas and Estate Common Facilities or not) as set out in the Third Schedule hereto which require regular maintenance on a recurrent basis.

Examples of Undivided Shares in a sentence

• The Manager shall hold the Undivided Shares allocated to the Common Areas and Facilities together with the Common Areas and Facilities on trust for the benefit of all Owners.

• Any charge registered in accordance with Clause 5.13(c) hereof shall be enforceable as an equitable charge by action at the suit of the Manager for an order for sale of the Undivided Shares of the defaulting Owner together with the right to the exclusive use, occupation and enjoyment of the part of the Land and the Building held therewith and the provisions of Clause 5.13(b) of this Deed shall apply equally to any such action.

• The full and unrestricted right without interference by the other Owners to designate or re-designate the floor numbering and allocate or re-allocate an appropriate number of Undivided Shares to such areas in the Building which are owned by the First Owner.

• Such distributions shall be made to the Shareholders pro rata in proportion to the number of Undivided Shares and Paired Share Units then outstanding.

• The covenants and provisions of this Deed are binding on all Owners and the benefit and burden thereof are annexed to the Land and the Development and to the Undivided Share(s) in respect thereof.

More Definitions of Undivided Shares

Undivided Shares. All or any of the [ ] equal undivided parts or shares into which the Land and the Estate are notionally divided.

Undivided Shares. All those 4,952,850 equal undivided parts or shares of and in the Land and the Development as set out in Part I of the First Schedule hereto.

Undivided Shares means those Shares as to which no Effective Estate Freeze Election has been made and is in effect and those Shares resulting from the automatic conversion of Preferred Shares and Common Shares.

Undivided Shares means those equal undivided parts or shares of and in the Lot and of and in the Development allocated as set out in Part A of the First Schedule hereto or in accordance with any Sub- Deed;

Undivided Shares means all those equal undivided parts or shares of and in the Lot and the Development as set out in the First Schedule hereto.

Undivided Shares means the equal undivided parts or shares of and in the Land and of and in the Development allocated in accordance with provisions of this Deed, each a “Share” or an “Undivided Share”; “Slope and Retaining Structures” All slopes, slope treatment works, retaining walls and other structures (if any) within or outside the Land, the maintenance of which is the liability of the Owners under the Government Grant or this Deed;

Undivided Shares means those Shares as to which no Estate Freeze Election has been made and is in effect and those Shares resulting from the automatic conversion of Preferred Shares and Common Shares.