FACILITY MANAGEMENT COMPANY Sample Clauses

FACILITY MANAGEMENT COMPANY i. By executing this Agreement, the Allottee/s agree/s and consent/s to the appointment by the Developer of any agency, firm, corporate body, organization or any other person (“Facility Management Company”) to manage, upkeep and maintain the project/phase together with other projects/phase and the subject Land, sewerage treatment plant, garbage, disposal system and such other facilities, that the Developer may require to install, operate and maintain Common Areas, amenities, common facilities, parking areas and open spaces. The Facility Management Company shall also be entitled, to collect the outgoings, provisional charges, taxes, levies and other amounts in respect of the Project/Phase. It is hereby clearly clarified, agreed and understood that the Facility Management Company shall also be entitled to exercise its rights for collecting the charges and expenses mentioned herein till the time formation of the Association/Apex Body. It is further agreed that the Association/Apex body may also appoint Facility Management company to manage, upkeep and maintain the Project/Phase and the Allottee/s hereby grants his/her/their/its consent confirming such agreement /contract/arrangement that the Developer/Association/Apex Body has or may have to enter into with the Facility Management Company. It is hereby clarified and the Allottee/s agrees and authorizes the Developer to appoint the first Facility Management Company in the Project/Phase and post formation of the Association / Apex Body, as the case may be, the Developer will novate the facility management agreement (“FM Agreement”) in favor of the Association / Apex Body, as the case may be and post expiry of the tenure of the FM Agreement, it shall have the option to either continue with the Facility Management Company appointed by the Developer or appoint a new facility management company as it may deem fit. It is further expressly understood that the Developer shall not in any manner be accountable, liable or responsible to any person including the Allottee/s and/or Association / Apex Body for any act, deed, matter or thing committed or omitted to be done by the Facility Management Company in the due course of such maintenance, management and control of the Building and/or Common Areas, amenities and facilities thereto.
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FACILITY MANAGEMENT COMPANY. For the purpose of looking after the common parts and portions and for rendition of common services the Vendor shall be entitled to appoint a Facility Management Company (hereinafter referred to as the FMC) on such terms and conditions as the Vendor in its absolute discretion may deem fit and proper and in addition to the payment of CAM Charges the Purchasers shall be liable to make payment of the said Management Fee (being 15% of the CAM Charges payable by the Purchaser)
FACILITY MANAGEMENT COMPANY. 18.1 By executing this Agreement, the Purchaser(s) agree/s and consent/s to the appointment by the Owner/Developer of any agency, firm, corporate body, organization or any other person (“Facility Management Company”) to manage, upkeep and maintain the Building (i.e. the said Project) together with other buildings and the Layout Property, sewerage treatment plant, garbage, disposal system and such other facilities, that the Owner/Developer may require to install, operate and maintain common areas, amenities, common facilities, car parking areas and open spaces. The Facility Management Company shall also be entitled, to collect the outgoings, provisional charges, taxes, levies and other amounts in respect of the Building (i.e. the said Project) (including the Purchaser’s proportionate share of the outgoings as provided under Clause 16 above). It is hereby clearly clarified, agreed and understood that the Facility Management Company shall also be entitled to exercise its rights for collecting the charges and expenses mentioned herein, even after formation of the association/ apex body / apex bodies. The Purchaser(s) hereby grants his/her/their/its consent confirming such agreement /contract/arrangement that the Owner/Developer has or may have to enter into with the Facility Management Company. It is further expressly understood that the Owner/Developer shall not in any manner be accountable, liable or responsible to any person including the Purchaser(s) and/or association / apex body / apex bodies for any act, deed, matter or thing committed or omitted to be done by the Facility Management Company in the due course of such maintenance, management and control of the Building (i.e. the said Project) and/or common areas, amenities and facilities thereto.
FACILITY MANAGEMENT COMPANY. (i) By executing this Agreement, the Purchaser(s) / Allottee(s) agree/s and consent/s to the appointment of an agency, firm, corporate body, organization, or any other person, if any, as nominated by the Developer (“Facility Management Company”) to manage, upkeep, and maintain the Project together with other building/s (if applicable) and the Project Land and such other facilities, that the Developer may require to install, operate and to maintain common areas, common amenities, and common facilities.
FACILITY MANAGEMENT COMPANY. I. The Purchaser/s agree/s and consent/s to the appointment of any agency, firm, corporate body, organization or any other person nominated by the Developer (“Facility Management Company”) to manage, upkeep and maintain the Project together with other building/s (if applicable) and the Project Land, that the Developer may require to operate and to maintain common areas, common amenities and common facilities and the Purchaser shall execute all such additional agreements as may be required for the purpose. The Developer hereby reserves its right to remove, nominate and appoint new Facility Management Company for maintenance, upkeep, management and control of the Project, at its sole discretion, and without any concurrence from Purchaser/s / association / apex bodies/common organization. It is hereby clearly clarified, agreed and understood that the Facility Management Company shall also be entitled to exercise its rights for collecting the charges and expenses mentioned herein, even after formation of the association/ society / apex bodies / limited company/ common organization
FACILITY MANAGEMENT COMPANY. 22.1 By executing this Agreement, the Purchaser/s agree/s and consent/s to the appointment by the Developer/Owner of any agency, firm, corporate body, organization or any other person (“Facility Management Company”) to manage, upkeep and maintain the Building together with other buildings and the Land, sewerage treatment plant, garbage, disposal system and such other facilities, that the Developer/Owner may require to install, operate and maintain common areas, amenities, common facilities, car parking areas and open spaces. The Facility Management Company shall also be entitled, to collect the outgoings, provisional charges, taxes, levies and other amounts in respect of the Building (including the Purchaser’s proportionate share of the outgoings as provided under Clause above). It is hereby clearly clarified, agreed and understood that the Facility Management Company shall also be entitled to exercise its rights for collecting the charges and expenses mentioned herein, even after formation of the association/ apex body / apex bodies. The Purchaser/s hereby grants his/her/their/its consent confirming such agreement /contract/arrangement that the Developer/Owner has or may have to enter into with the Facility Management Company. It is further expressly understood that the Developer/Owner shall not in any manner be accountable, liable or responsible to any person including the Purchaser/s and/or association / apex body / apex bodies for any act, deed, matter or thing committed or omitted to be done by the Facility Management Company in the due course of such maintenance, management and control of the Building and/or common areas, amenities and facilities thereto.

Related to FACILITY MANAGEMENT COMPANY

  • Investment Management If and to the extent requested by the Advisor, the Sub-Advisor shall, subject to the supervision of the Advisor, manage all or a portion of the investments of the Portfolio in accordance with the investment objective, policies and limitations provided in the Portfolio's Prospectus or other governing instruments, as amended from time to time, the Investment Company Act of 1940 (the "1940 Act") and rules thereunder, as amended from time to time, and such other limitations as the Trust or Advisor may impose with respect to the Portfolio by notice to the Sub-Advisor. With respect to the portion of the investments of the Portfolio under its management, the Sub-Advisor is authorized to make investment decisions on behalf of the Portfolio with regard to any stock, bond, other security or investment instrument, and to place orders for the purchase and sale of such securities through such broker-dealers as the Sub-Advisor may select. The Sub-Advisor may also be authorized, but only to the extent such duties are delegated in writing by the Advisor, to provide additional investment management services to the Portfolio, including but not limited to services such as managing foreign currency investments, purchasing and selling or writing futures and options contracts, borrowing money or lending securities on behalf of the Portfolio. All investment management and any other activities of the Sub-Advisor shall at all times be subject to the control and direction of the Advisor and the Trust's Board of Trustees.

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