Resident Member Sample Clauses

Resident Member. These are members who become member by virtue of owning a property at Ganga Kutir Residency Limited Edition. They remain Resident Member so long as they own the property. Each Resident Member is entitled for One Nominee. The admission fee for the nominee is waived. However, for Additional Nominees applicable admission fee needs to be paid as decided by the management of The Ffort Raichak.. The original buyer of the property from GGL Hotel And Resort Company Limited gets to become a Resident Member without paying the admission fee. However, should he transfer the property to somebody else, then the new member will be required to pay admission fee at the then applicable rates to become Resident Member. The Resident Members including additional nominees are required to pay the annual subscription charges (ASC).

Resident Member. A Resident Member is defined as a resident property owner of a unit in the HOA or resident tenant of an owner of a unit in the HOA andother persons, age eighteen (18) or older, in permanent residence with the resident property owner or r es i dent tenant.