Undivided Shares definition

Undivided Shares means those equal undivided parts or shares of and in the Lot and of and in the Development allocated in accordance with the provisions of these presents or in accordance with any Sub-Deed;

Undivided Shares means that or those equal undivided part(s) or share(s) of and in the said land and the Estate allocated in accordance with the provisions of this Deed or in accordance with any Sub-Deed (if any);

Undivided Shares. All or any of the 3,781 equal undivided parts or shares into which the Land and the Estate are notionally divided. "Works and Installation" The major works and installations in the Estate (whether forming part of the Estate Common Areas and Estate Common Facilities or not) as set out in the Third Schedule hereto which require regular maintenance on a recurrent basis.

Examples of Undivided Shares in a sentence

• For the avoidance of doubt, the Undivided Shares in respect of the Common Areas and Facilities shall carry no right to vote and shall not be taken into account in determining the quorum for the meeting.

• The Undivided Shares allocated to the Common Areas and Facilities acquired by the Manager as trustee for all the Owners pursuant to the provisions of this Deed shall be exempted from contribution to the Management Expenses as provided in this Deed and shall carry no right to vote nor be taken into account for the purpose of calculating the quorum of any meeting.

• A resolution in writing signed by Owners who in the aggregate have vested in them for the time being more than 50% of the total number of Undivided Shares in the said land and the Estate shall be as valid and effectual as if it had been passed at a duly convened meeting of the Owners.

• A meeting may be convened by the Manager or the Owners' Committee or by an Owner appointed to convene such a meeting by the Owners of not less than 5% of the total number of Undivided Shares in aggregate.

• No business shall be transacted at any meeting of the Owners unless a quorum is present when the meeting proceeds to business and the Owners present in person or by proxy who in the aggregate constitute not less than 10% of the number of persons who are Owners (without regard to their ownership of any particular percentage of the total number of Undivided Shares and shall not be construed as the Owners of 10% of the Undivided Shares in aggregate) shall be a quorum.

More Definitions of Undivided Shares

Undivided Shares. All those 4,952,850 equal undivided parts or shares of and in the Land and the Development as set out in Part I of the First Schedule hereto.

Undivided Shares. All or any of the 23,988 equal undivided parts or shares into which the Land and the Estate are notionally divided.

Undivided Shares means those Shares as to which no Effective Estate Freeze Election has been made and is in effect and those Shares resulting from the automatic conversion of Preferred Shares and Common Shares.

Undivided Shares means all those equal undivided parts or shares of and in the Lot and the Development as set out in the First Schedule hereto.

Undivided Shares. All those 5,530 equal undivided parts or shares of and in the Lot and the Development allocated to the Units and the Common Areas and Common Facilities as set out in the First Schedule hereto; and each equal undivided part or share of and in the Lot and the Development allocated in accordance with the provisions of this Deed or a sub-deed of mutual covenant (if any) an “Undivided Share”.

Undivided Shares means that or those equal undivided part(s) or share(s) of and in the said land and the Estate allocated in accordance with the provisions of this Deed or in accordance with any Sub-Deed (if any); "Unit(s)" shall mean any Residential Unit or the Car Park and after the execution of any Sub-Deed in respect of the Car Park, any Parking Space in the Car Park or any part of the said land or the Estate the exclusive right to the use possession occupation and enjoyment of which is held together with Undivided Shares in the said land and the Estate and is capable of being assigned to an Owner;

Undivided Shares. All those 7,276 equal undivided 7,785th parts or shares of and in the Lot and the Building allocated to the Residential Units, the Car Parks, the Tutorial School and the Common Areas of the Phase and Common Facilities of the Phase as set out in the First Schedule hereto.