Common Equipment definition
Examples of Common Equipment in a sentence
In the event of happening of eventuality contemplated above, the disruption of Common Area and Common Equipment including water, electricity etc., shall not absolve the Allottee(s)/Occupant of his/her/its liability to pay maintenance charges to the Promoter/Maintenance Society, as the case may be.
If no Parties desire to purchase the Common Equipment, it shall be sold by the Contract Manager in the open market.
If such negotiations are unsuccessful or if the sale is not approved by the SOG, then the Contract Manager shall sell the remaining Common Equipment at auction to the highest bidder.
The Contract Manager shall offer the Common Equipment to the Parties for purchase.
If one or more Parties to this Ancillary Agreement desire to purchase the Common Equipment, then the Contract Manager shall obtain an appraisal and shall negotiate a sale of part or all of the Common Equipment to one or more Parties, subject to approval by the SOG by Weighted Voting.