Common use of Financial Year Clause in Contracts

Financial Year. The first financial year for the purpose of management of the Land and the Building or any part or parts thereof shall commence on the date hereof and shall terminate on the 31st day of December of the following year and subsequent financial years shall commence on the 1st day of January and shall terminate on the 31st day of December of that year. The financial year may be changed but only once in every five (5) years except with the prior approval of a resolutions of the Owners’ Committee (if formed) upon giving notice published in the public notice boards of the Building.

Appears in 5 contracts

Samples: Management Agreement, And Management Agreement, And Management Agreement

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Financial Year. The first financial year for the purpose of management of the Land and the Building Development or any part or parts thereof shall commence on from the date hereof of this Deed and shall terminate on the following 31st day of December of but thereafter the following financial year and subsequent financial years shall commence on the 1st day of January and shall terminate on the 31st day of December of that year. The the same year PROVIDED THAT the Manager shall have the right to change the financial year may be changed but only once in every five (5) years except with the prior approval of a resolutions of the Owners’ Committee (if formed) at any time upon giving notice published in the public notice boards of the BuildingDevelopment but the financial year may not be changed more than once in every five (5) years unless that change is previously approved by a resolution of the Owners’ Committee (if any).

Appears in 3 contracts

Samples: 852images.oss-cn-hongkong.aliyuncs.com, www.grandjete.hk, 852images.oss-cn-hongkong.aliyuncs.com

Financial Year. The first financial year for the purpose of management of the Land and the Building Development or any part or parts thereof shall commence on from the date hereof of this Deed and shall terminate on the following 31st day of December of but thereafter the following financial year and subsequent financial years shall commence on the 1st day of January and shall terminate on the 31st day of December of that year. The the same year PROVIDED THAT the Manager shall have the right to change the financial year may be changed but only once in every five (5) years except with the prior approval of a resolutions of the Owners’ Committee (if formed) at any time upon giving notice published in the public notice boards of the Building.Development but the financial year may not be changed more than once in every five

Appears in 2 contracts

Samples: cooresidence.com.hk, www.eightregency.com.hk

Financial Year. The first financial year for the purpose of management of the Land and the Building Development or any part or parts thereof shall commence on the date hereof and shall terminate on the 31st day of December of the following same year and subsequent financial years shall commence on the 1st day of January and shall terminate on the 31st day of December of that year. The financial year may not be changed but only more than once in every five (5) years except with the prior approval of years, unless that change is previously approved by a resolutions resolution of the Owners’ Committee (if formed) upon giving notice published in the public notice boards of the Building).

Appears in 1 contract

Samples: www.gardencrescent.hk

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Financial Year. The first financial year for the purpose of management of the Land and the Building or any part or parts thereof shall commence on the date hereof and shall terminate on the 31st day of December of the [same / following ] year and subsequent financial years shall commence on the 1st day of January and shall terminate on the 31st day of December of that year. The financial year may be changed but only once in every five (5) years except with the prior approval of a resolutions of the Owners' Committee (if formed) upon giving notice published in on the public notice boards of the Building.

Appears in 1 contract

Samples: Covenant and Management Agreement

Financial Year. The first financial year for the purpose of management of the Land and the Building Development or any part or parts thereof shall commence on from the date hereof of this Deed and shall terminate on the following 31st day of December of but thereafter the following financial year and subsequent financial years shall commence on the 1st day of January and shall terminate on the 31st day of December of that year. The the same year PROVIDED THAT the Manager shall have the right to change the financial year may be changed but only once in every five (5) years except with the prior approval of a resolutions of the Owners’ Committee (if formed) at any time upon giving notice published in the public notice boards of the BuildingDevelopment but the financial year may not be changed more than once in every five (5) years unless that change is previously approved by a resolution of the Owners' Committee (if established).

Appears in 1 contract

Samples: s3-ap-southeast-1.amazonaws.com

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