First Owner Clause Samples

First Owner. The rights set out in Schedule 6 are excepted and reserved to the First Owner so long as it remains the beneficial owner of any part of the Land and may be exercised by the First Owner without the concurrence of any other Owner, the Manager, the Owners’ Corporation or any other person. For the avoidance of doubt, such rights may be exercised by the First Owner together with any other rights which the First Owner may also be entitled to exercise under Clause 5.2 and Schedule 7 as Owner of a Shop.

First Owner. The rights set out in Schedule 5 are excepted and reserved to the First Owner so long as it remains the beneficial owner of any part of the Land.

First Owner. The First Owner shall at all times hereafter subject to and with the benefit of the Government Lease and this Deed have the sole and exclusive right and privilege to hold, use, occupy and enjoy to the exclusion of the First Assignee the whole of the Lot and the Development together with the appurtenances thereto and the entire rents and profits thereof SAVE AND EXCEPT the First Assignee's Unit assigned to the First Assignee as aforesaid and SUBJECT TO the rights and privileges granted to the First Assignee by the Assignment to the First Assignee AND SUBJECT TO the provisions of this Deed so far as they are still subsisting.