MANAGER AND MANAGEMENT CHARGES Sample Clauses
MANAGER AND MANAGEMENT CHARGES. (a) Subject to the provisions of the Building Management Ordinance (Cap.344), the parties hereto have agreed with the DMC Manager for the DMC Manager to undertake the management, operation, servicing, maintenance, repair, renovation, improvement, replacement, security and insurance of the Lot and the Development and the Common Areas and Facilities therein (all or any of which activities are where not inapplicable herein included under the word “management”) from the date of this Deed for an initial term of two (2) years from the date of this Deed and such appointment shall continue until terminated as provided in this Clause 10.
(b) The appointment of the Manager may be terminated as follows:-
(i) the appointment is terminated by the Manager by giving not less than three (3) calendar months’ notice of termination in writing:-
(1) by sending such notice to the Owners’ Committee; or
(2) where there is no Owners’ Committee, by giving such a notice to each of the Owners and by displaying such a notice in a prominent place in the Development.
(ii) The notice referred to in this Clause 10(b)(i)(2) may be given:-
(1) by delivering it personally to the Owner; or
(2) by sending it by post to the Owner at his last known address; or
(3) by leaving it at the Owner’s Unit or depositing it in the letter box for that Unit; or
(iii) prior to the formation of the Owners’ Corporation, by a resolution passed by a majority of the votes of the Owner voting either personally or by proxy and supported by the Owners of not less than fifty per cent (50%) of the Undivided Shares in aggregate (excluding those Undivided Shares allocated to the Common Areas and Facilities) at a general meeting convened for the purpose to remove the Manager without compensation and by the Owners’ Committee giving to the Manager not less than three (3) calendar months’ notice of termination in writing; or
(iv) in the event that the Manager is wound up or has a receiving order made against it.
(i) Subject to Clause 10(c)(viii), at a general meeting convened for the purpose, the Owners’ Corporation may, by a resolution passed by a majority of the votes of the Owners voting either personally or by proxy and supported by the Owners of not less than 50% of the Undivided Shares in aggregate (excluding those allocated to the Common Areas and Facilities), terminate by notice the DMC Manager’s appointment without compensation.
(ii) A resolution under Clause 10(c)(i) shall have effect only if :-
(A) the notice of...
MANAGER AND MANAGEMENT CHARGES. The parties hereto have agreed with the Manager for the Manager to undertake the management, operation, servicing, cleansing, maintenance, repair, renovation, improvement, replacement, security and insurance of the Lot and the Development (all or any of which activities where not inapplicable herein shall be included under the word "management") from the date of this Deed for an initial term of two (2) years after the date of this Deed, and such appointment shall continue thereafter unless and until :-
MANAGER AND MANAGEMENT CHARGES. (a) Subject to the provisions of the BMO and Sub-clause (c) of this Clause 10, the parties hereto have agreed with the Manager for the Manager to undertake the management and maintenance of the Lot and the Estate for an initial term of two (2) years from the date of appointment under this Deed and to be continued thereafter until the termination of the Manager’s appointment in the manner hereinafter provided Provided That nothing herein shall restrict or prohibit the termination of the appointment of the Manager during such initial term or at any time thereafter under the following circumstances :-
(i) the appointment is terminated by the Manager by giving not less than three
MANAGER AND MANAGEMENT CHARGES. The parties hereto have agreed with the Manager for the Manager to undertake the management, operation, servicing, maintenance, repair, renovation, improvement, replacement, security and insurance of the Lot and the Estate and the Common Areas and Facilities (all or any of which activities where not inapplicable herein is/are included under the word “management”) from the date of this Deed for an initial term of two (2) years and such appointment shall continue until terminated by the Manager giving to the Owners’ Committee (or where there is no Owners’ Committee to each of the Owners and by displaying the same in a prominent place in the Estate) not less than three (3) calendar months’ notice in writing to terminate the same in accordance with Clause 19 hereof or by the Owners’ Committee acting upon a resolution passed by the Owners at a meeting in accordance with Clause 61(i) hereof to terminate the Manager’s appointment without compensation at any time (whether during or after the initial term of 2 years) upon giving to the Manager not less than three (3) months’ notice in writing in the manner as hereinafter provided or until the occurrence of the event that the Manager is being wound up or has a receiving order made against it.
MANAGER AND MANAGEMENT CHARGES. Subject to the provisions of the Building Management Ordinance (Cap.344), the parties hereto have agreed with the Manager for the Manager to undertake the management, operation, servicing, maintenance, repair, renovation, replacement, security and insurance of the Lot and the Estate and the Common Areas and Facilities therein (all or any of which activities where not inapplicable herein included under the word “management”) from the date of this Deed for an initial term of two (2) years and such appointment shall continue until terminated by the Manager giving to the Owners' Committee (or where there is no Owners’ Committee to each of the Owners and by displaying the same in a prominent place in the Estate) not less than three (3) calendar months' notice in writing to terminate the same in accordance with Clause 19 hereof or by the Owners' Committee without compensation acting upon a resolution passed by the Owners at a meeting in accordance with Clause 62(i) hereof giving to the Manager not less than three months' notice in writing in the manner as hereinafter provided or in the event that the Manager is being wound up or has a receiving order made against it.
MANAGER AND MANAGEMENT CHARGES. (a) Subject to the provisions of the BMO, the parties hereto have agreed with the Manager for the Manager to undertake the management and maintenance of the Lot and the Estate for an initial term of two (2) years from the date of this Deed and to be continued thereafter Provided That nothing herein shall restrict or prohibit the termination of the appointment of the Manager during such initial term or at any time thereafter under the following circumstances :-
(i) resignation of the Manager in accordance with paragraph 6 of Schedule 7 to the BMO; or
(ii) prior to the formation of the Owners' Corporation, upon the passing of a resolution by a majority of votes of Owners voting either personally or by proxy and supported by Owners of not less than 50% of the Undivided Shares in aggregate (excluding the Undivided Shares allocated to the Common Areas) at an Owners' meeting convened for the purpose to remove the Manager without compensation by the Owners' Committee giving to the Manager not less than three (3) calendar months' notice of termination in writing; or
(iii) in the event that the Manager is wound up or has a receiving order made against it; or
(iv) the termination of the Manager's appointment by the Owners' Corporation in accordance with paragraph 7 of Schedule 7 to the BMO.
(b) If the Manager's appointment ends for any reason, the Manager shall comply with the obligations as set out in paragraph 8 of Schedule 7 to the BMO.