HOLDING ORGANISATION definition

HOLDING ORGANISATION means the Association or the Holding Organization of all flat holders of the Building. The flat owners of all the flats of the building including the said purchaser as the Owner of the said flat hereby to be sold shall form and will join and be members of the said organization. The said Holding Organization/Association shall be formed by the said vendor herein upon sale and transfer of all the flats in all the buildings and on payment of all amounts due and payable by the flat purchasers in the respective buildings payable towards the price of the said flat and also other deposits and security in terms of this Agreement and also upon all flat purchasers in the building having taken possession of the respective flats and/or will be deemed to have taken possession of the said flats and the said Holding Organization/Association shall take over management and maintenance and administration and repairs of the common portions of the respective buildings and also of the common portions in the complex AND the Holding Organization/Association shall remain in control management maintenance and administration thereof. The purchaser shall pay proportionately to the said Association the proportionate share of the costs and expenses for the management, maintenance and administration, repairing and up-keeping of the common portion and other expenses necessary in respect of the said Building .
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HOLDING ORGANISATION means any person/ association or Society that may be formed by the Owners of several flats/units/car parking space for the common purposes in accordance with Law.
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HOLDING ORGANISATION means a trust to be created under the Indian Trust Act by the Promoter/Owner/Developer at a later date with the first trustees being nominated by the Promoter/Owner/Developer to take over the overall charge of the said Complex from the Promoter/Owner/Developer and inter-alia for the purpose of managing and controlling the maintenance of the Complex or any Association/Apex Body formed under the relevant Laws.
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Examples of HOLDING ORGANISATION in a sentence

  • The Unit Owners amongst themselves shall form a Holding Organization which may be a private limited company, limited liability partnership firm and/or Society or Syndicate and/or Association of Persons (hereinafter referred to as the HOLDING ORGANISATION).

  • Immediately after the completion of the said building and the possession is made over to the flat owners in the said building the Vendor shall form or cause to be formed an Association or a Society in the said building (hereinafter called the HOLDING ORGANISATION) with such rules and regulations as shall be determined by the Advocates and Solicitors of the Vendor.

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More Definitions of HOLDING ORGANISATION

HOLDING ORGANISATION means the Association or the Holding Organization of all flat holders of the New Building. The flat owners of all the flats of the building including the said Purchaser as the owner of the said Unithereby to be sold shall form and will join and be members of the said organization. The said Holding Organization/Association shall be formed by the said Vendors/Developer herein upon sale and transfer of all the flats in the New Building and on payment of all amounts due and payable by the flat purchasers ofthe New Building payable towards the price of the said Unit and also other deposits and security in terms of the Agreement and also upon all flatpurchasers in the New Building having taken possession of the respective flats and/or will be
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HOLDING ORGANISATION means the entity to be formed and/or caused to be formed inter alia for the Common Purposes and to assume and perform such other roles and obligations as may be determined by the Developer at its sole and absolute discretion, the nature, composition, constituents, structure, manner of governance, administration, functioning, management etc. of which entity shall be determined by the Developer at its sole and absolute discretion, without any objection being raised by the Purchaser and/or any of the Apartment Holders on any ground whatsoever or howsoever, wherein each Apartment shall represent 1 (one) share, irrespective of the number of Persons owning it, and irrespective of the same Person owning more that 1 (one) Apartment.
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HOLDING ORGANISATION means the Association or the Holding Organization of all Bunglow/ Unit holders of the Building. The Bunglow/ Unit owners of all the Bunglow/ Unit of the building including the said purchaser as the Owner of the said Bunglow/ Unit hereby to be sold shall form and will join and be members of the said organization. The said Holding Organization/Association shall be formed by the said vendor/ Developer herein upon sale and transfer of all the Bunglows / Units in all the buildings and on payment of all amounts due and payable by the Bunglows purchasers in the respective buildings payable towards the price of the said Bunglow/ Unit and also other deposits and security in terms of this Agreement and also upon all Bunglow/ Unit purchasers in the building having taken possession of the respective Bunglow/ Units and/or will be deemed to have taken possession of the said Bunglows/ Units and the said Holding Organization/Association shall take over management and maintenance and administration and repairs of the common portions of the respective buildings and also of the common portions in the complex AND the Holding Organization/Association shall remain in control management maintenance and administration thereof. The purchaser shall pay proportionately to the said Association the proportionate share of the costs and expenses for the management, maintenance and administration, repairing and up-keeping of the common portion and other expenses necessary in respect of the said Building .
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HOLDING ORGANISATION means the Association or the Holding Organization of all flat holders of the Building. The flat owners of all the flats of the building including the said purchaser as the Owner of the said flat hereby to be sold shall form and will join and be members of the said organization. The said Holding Organization/Association shall be formed by the said vendor/ developer and the confirming parties herein upon sale and transfer of all the flats in all the buildings and on payment of all amounts due and payable by the flat purchaser in the respective buildings payable towards the price of the said flat and also other deposits and security in terms of this Agreement and also upon all flat purchaser in the building having taken possession of the respective flats and/or will be deemed to have taken possession of the said flats and the said Holding Organization/Association shall take over management and maintenance and administration and repairs of the common portions of the respective buildings and also of the common portions in the complex AND the Holding Organization/Association shall remain in control management maintenance and administration thereof. The purchaser shall pay proportionately to the said Association the proportionate share of the costs and expenses for the management, maintenance and administration, repairing and up-keeping of the common portion and other expenses necessary in respect of the said Building .
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HOLDING ORGANISATION means and include an A sociation or syndicate or company, as may be constituted incorporated/form d by the Developer with the consent and concu rence ofthe Owner for the common purposes and alsomaintenanceofthecommonparts.
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Related to HOLDING ORGANISATION

  • Motorcycling Organisation means and includes MA, and the MA members (including the SCBs and affiliated clubs) and where the context so permits, their respective directors, officers, members, servants or agents.

  • international organisation means an organisation and its subordinate bodies governed by public international law, or any other body which is set up by, or on the basis of, an agreement between two or more countries.

  • voluntary organisation means a body, other than a public or local authority, the activities of which are carried on otherwise than for profit;

  • Organisation means a legal body which exists separately and distinctly from its members and includes companies, building societies, community benefit societies, local authorities and so on and also for the purposes of these Rules includes unincorporated organisations such as social clubs, branches of political parties or trade unions and other voluntary bodies.

  • research organisation means a legal entity established as a non-profit organisation which carries out research or technological development as one of its main objectives;

  • Banking organization means a bank, trust company, savings bank, industrial bank, land bank, safe deposit company, private banker, or any organization defined by law as a bank or banking organization.

  • recognised organisation means an organisation recognised in accordance with Regulation (EC) No 391/2009 of the European Parliament and of the Council (1);

  • Clearing Organization means The Depository Trust Company, or, if agreed to by Borrower and Lender, such other clearing agency at which Borrower (or Borrower's agent) and Lender (or Lender's agent) maintain accounts, or a book-entry system maintained by a Federal Reserve Bank.

  • Sponsoring organization means any organization that establishes,

  • Participating Organization means an organization which elects to offer coverage under a Policy by completing a participation agreement that has been accepted by the Company.

  • Competing Organization means any person or organization engaged in, or with definitive plans to become engaged in, research or development, production, distribution, marketing or selling of a Competing Product.

  • international organization shall have the meanings set forth in Section 7701 of the Code or successor provisions.

  • Fraternal organization means an organization, except a school fraternity, which is a

  • Educational organization means a nonprofit public or private elementary or

  • Tribal organization means the elected governing body of any Indian tribe or any legally established organization of Indians that is controlled by one or more such bodies or by a board of directors elected or selected by one or more such bodies (or elected by the Indian population to be served by such organization) and that includes the maximum participation of Indians in all phases of its activities; and

  • Political organization means a party, committee, association, fund, or other organization (whether or not incorporated) that is required to file a statement of organization with the State Board of Elections or a county clerk under Section 9-3 of the Election Code (10 ILCS 5/9-3), but only with regard to those activities that require filing with the State Board of Elections or a county clerk.

  • Member organization means any individual, corporation, limited liability company, partnership, or association that belongs to an association.

  • ADR Organization means The American Arbitration Association or, if The American Arbitration Association no longer exists or if its ADR Rules would no longer permit mediation or arbitration, as applicable, of the dispute, another nationally recognized mediation or arbitration organization selected by the Sponsor.

  • Converting organization means an organization that

  • Supervised financial organization means a person, other than an insurance company or other organization primarily engaged in an insurance business:

  • Financial organization means any bank, trust company, savings bank, industrial bank, land bank, safe deposit company, private banker, savings and loan association, credit union, cooperative bank, small loan company, sales finance company, investment company, or any type of insurance company.

  • Metropolitan planning organization means the same as that term is defined in Section 72-1-208.5.

  • Indian organization means the governing body of any Indian tribe or entity established or recognized by the governing body of an Indian tribe for the purposes of 25 U.S.C., chapter 17.

  • Surviving organization means the organization resulting from a merger which:

  • Foreign organization means an organization created under laws other than the laws of this state for a purpose for which an organization may be created under the laws of this state.

  • Religious organization means a church, ecclesiastical corporation, or group, not organized for pecuniary profit, that gathers for mutual support and edification in piety or worship of a supreme deity.