Common use of Assignment of Common Parts Shares Clause in Contracts

Assignment of Common Parts Shares. Immediately after the execution of this Deed, the First Owner shall assign to and vest in the Company all Common Parts Shares and Common Parts as trustee for all Owners free of costs or consideration. θ [To enable such an assignment to be effected, the Mortgagee shall execute a partial release of the Common Parts from the Mortgage immediately upon the execution of this Deed and, immediately after such partial release, the First Owner shall assign the Common Parts and the Common Parts Shares to the Manager which shall be held on trust by the Manager in accordance with the provisions of this Deed.]

Assignment of Common Parts Shares. Immediately after the execution of this Deed, the First Owner shall assign to and vest in the Company as trustee for all Owners all Common Parts Shares and Common Parts as trustee for all Owners free of costs or consideration. θ [To θ[To enable such an assignment to be effected, the Mortgagee shall execute a partial release of the Common Parts from the Mortgage immediately upon the execution of this Deed and, immediately after such partial release, the First Owner shall assign the Common Parts and the Common Parts Shares to the Manager Company which shall be held on trust by the Manager Company as trustee for all Owners in accordance with the provisions of this Deed.]

Assignment of Common Parts Shares. Immediately after the execution of this Deed, the First Owner shall assign to and vest in the Company as trustee for all Owners all Common Parts Shares and Common Parts as trustee for all Owners free of costs or consideration. θ [To θ[To enable such an assignment to be effected, the Mortgagee shall execute a partial release of the Common Parts from the Mortgage immediately upon the execution of this Deed and, immediately after such partial release, the First Owner shall assign the Common Parts and the Common Parts Shares to the Manager which shall be held on trust by the Manager in accordance with the provisions of this Deed.]

Assignment of Common Parts Shares. Immediately after the execution of this Deed, the First Owner shall assign to and vest in the Company as trustee for all Owners all Common Parts Shares and Common Parts as trustee for all Owners free of costs or consideration. θ [To θ[To enable such an assignment to be effected, the Mortgagee shall execute a partial release of the Common Parts from the Mortgage immediately upon the execution of this Deed and, immediately after such partial release, the First Owner shall assign the Common Parts and the Common Parts Shares to the Manager Company which shall be held on trust by the Manager Company as trustee for all Owners free of costs or consideration in accordance with the provisions of this Deed.]