Common use of Rights and Obligations of Owners Clause in Contracts

Rights and Obligations of Owners. 1. The First Owner shall at all times hereafter subject to and with the benefit of the Government Lease have the sole and exclusive right and privilege to hold, use, occupy and enjoy to the exclusion of the First Assignee the whole of the Lot and the Development together with the appurtenances thereto and the entire rents and profits thereof SAVE AND EXCEPT the First Assignee’s Unit assigned to the First Assignee as aforesaid and SUBJECT TO the rights and privileges granted to the First Assignee by the Assignment referred to in paragraph (E) of the Recitals above and SUBJECT TO the provisions of this Deed.

Appears in 6 contracts

Samples: www.28aberdeenst.hk, www.28aberdeenst.hk, 42tungst.hk

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