Formation of the Association Sample Clauses

Formation of the Association. The Second Party shall become and remain a member of the Apartment Owners’ Association to be established by the First Party on or before completion of one year from the Completion Date. The Second Party hereby authorizes the First Party to form the Apartment Owners’ Association and on formation of the same, the Association shall henceforth be responsible for maintenance and all aspects and issues relating to the Apartment Complex and shall comply with requisite Statutory requirements. The said apartment owners’ association shall be called “Project Name Apartment Owner’s Association”, herein after referred to as Apartment Owners’ Association.
Sample 1
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Formation of the Association. The Association was formed in 1991 to represent Crown Counsel regarding remuneration, benefits, employment conditions, other terms and conditions of employment or services, and in all matters of professional interest.2 It represents approximately 400 Crown Counsel throughout British Columbia.
Sample 1
Formation of the Association. The Developer shall look after and maintain the common parts and portions of the project till its completion or part thereof. However, from the time the purchaser becomes liable for payment of the maintenance charges and till the formation of an Association/Society/LLP (hereinafter referred to as the ASSOCIATION) under the West Bengal Apartment Ownership Act, 1972 the Maintenance of the common parts and portions and rendition of common services shall be rendered by the Owner No.1 i.e. Xxxxxx Xxxxx Xxxxxx through his Facility Management Company (hereinafter referred to as the FMC) and the Purchaser shall be liable to make payment of such maintenance charges to such FMC. On formation of the Association, the Purchaser/s shall become a member of the Association if formed or to be formed. The Purchaser/s shall acquire and hold shares with proportionate voting rights and in this regard the Purchaser/s shall sign, execute and deliver necessary applications and all other papers, declarations and documents as may be required for formation of the Association. Until formation of the Association, the FMC shall look after the Common Purposes including the management and maintenance of the Premises and the Building. Upon formation of the Association, all rights and obligations with regard to the Common Purposes and the residue then remaining of the security deposit and other deposits, if any, made by the Purchaser/s for the Common Purposes, after adjustment all amounts then remaining due and payable, shall be transferred to the Association. The amounts aforesaid shall be held by the Association in the account of the Purchaser/s respectively, for the purposes thereof.
Sample 1
Formation of the Association. Till the completion of the Project or part thereof, the Developer shall look after and maintain of the common parts and portions of the complex. However, upon completion of the Project and till formation of an Association/Society/LLP/Maintenance Company (hereinafter referred to as the ASSOCIATION). On formation of the Association the Purchaser/s shall become a member of the Association if formed or to be formed. The Purchaser/s shall bear and pay the proportionate costs of formation and the expenses of the Association and shall pay for, acquire and hold shares with proportionate voting rights and in this regard the Purchaser/s shall sign, execute and deliver necessary applications and all other papers, declarations and documents as may be required for formation of the Association.
Sample 1

Related to Formation of the Association

  • RIGHTS OF THE ASSOCIATION Section 4.1 The Association has the right and responsibility to represent the interests of all employees in the unit; to present its views to the District on matters of concern, either orally or in writing as requested by the District up to and including negotiating the collective bargaining agreement.

  • The Association 1. Upon a request in writing made to the President of a University, the Association or any Chapter thereof shall have the right to meet at such University if appropriate facilities are available. All requests must be received at least twenty-four (24) hours prior to the time requested for the meeting. The parties agree not to schedule meetings involving members of the bargaining unit which would conflict with any previously scheduled meetings or regularly scheduled classes. The parties intend that this provision shall not be deemed to prevent the reasonable scheduling of Association meetings or to permit interference with the normal conduct of University affairs.

  • Organization of the Trust AUTHORITY TO EXECUTE AND PERFORM VARIOUS DOCUMENTS; DECLARATION OF TRUST BY DELAWARE TRUSTEE

  • Formation of the Company The Company was formed as a limited liability company under the Act on April 24, 2008. The Member hereby agrees that the person executing and filing the Certificate of Formation of the Company was and is an “authorized person” within the meaning of the Act, and that the Certificate of Formation filed by such authorized person is the Certificate of Formation of the Company.

  • Remedies of the Association Section 5.01. Pursuant to Section 6.02 (h) of the General Conditions, the following additional events are specified:

  • Formation of the Partnership The Partnership was formed as a limited partnership pursuant to the provisions of the Act and the Original Agreement and continued upon the terms and subject to the conditions set forth in this Agreement. Except as expressly provided herein to the contrary, the rights and obligations of the Partners and administration and termination of the Partnership shall be governed by the Act. The Partnership Interest of each Partner shall be personal property for all purposes.

  • FORMATION OF ASSOCIATION 12.2.1 The Promoter shall, in accordance with Applicable Laws, call upon the respective apartment owners to form an association (“ASSOCIATION”), and it shall be incumbent upon the Allottee to join the Association as a member and for this purpose also from time to time sign and execute the application for registration and/or membership and the other papers and documents necessary for the same. The Allottee shall pay the necessary subscription and/or membership amounts, together with the proportionate costs and expenses for (i) formation of the Association, and (ii) transfer of the Common Areas to the Association, including but not limited to stamp duty and registration costs, if any. The Allottee hereby authorizes the Promoter to take all necessary steps in this connection on his/her/their/its behalf, and further the Allottee shall comply with and/or adhere to all the Applicable Laws and all the rules, regulations, guidelines, etc. formulated from time to time by the Association.

  • Incorporation of the Plan All terms, conditions and restrictions of the Plan are incorporated herein and made part hereof as if stated herein. If there is any conflict between the terms and conditions of the Plan and this Agreement, the terms and conditions of the Plan shall govern. Unless otherwise indicated herein, all capitalized terms used herein shall have the meanings given to such terms in the Plan.

  • Organization of the Company The Company is a corporation duly organized and validly existing and in good standing under the laws of the State of Nevada.

  • Organization of the Buyer The Buyer is a corporation duly organized, validly existing, and in good standing under the laws of the jurisdiction of its incorporation.

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