Common use of Facility Manager Clause in Contracts

Facility Manager. The Developer may hand over management and upkeep of all Common Portions to a professional facility management organization (Facility Manager). In this regard, it is clarified that (1) the Facility Manager shall operate, manage and render specified day to day services with regard to the Common Portions (2) the Facility Manager shall levy and collect the Common Expenses/Maintenance Charges (3) the Buyer shall be bound to pay the Common Expenses/Maintenance Charges to the Facility Manager (4) the Facility Manager, being a professional commercial organization, will not be required to render any accounts to the Buyer and it shall be deemed that the Facility Manager is rendering the specified services to the Buyer for commercial considerations (5) the Facility Manager shall merely be the service provider for rendition of specified services with regard to the Common Portions and (6) the Facility Manager may be replaced by consent of 80% (eighty percent) or more of the co-owners of the Said Complex.

Facility Manager. The Developer may shall hand over management and upkeep of all the Common Portions to a professional facility management organization (Facility Manager). In this regard, it is clarified that (1) the Facility Manager shall operate, manage and render specified day to day-to-day services with regard to the Common Portions (2) the Facility Manager shall levy and collect the Common Expenses/Maintenance Charges (3) the Buyer Buyers shall be bound to pay the Common Expenses/Maintenance Charges to the Facility Manager (4) the Facility Manager, being a professional commercial organization, will not be required to render any accounts to the Buyer Buyers and it shall be deemed that the Facility Manager is rendering the specified services to the Buyer Buyers for commercial considerations (5) the Facility Manager shall merely be the service provider for rendition of specified services with regard to the Common Portions and no superior rights with regard to the Common Portions shall vest in the Facility Manager and (6) the Facility Manager may be replaced replaced/removed by consent of 8075% (eighty Seventy five percent) or more of the coComplex Co-owners of the Said ComplexOwners.

Facility Manager. The Developer may shall hand over management and upkeep of all the Common Portions (excluding the Said Club) to a professional facility management organization (Facility Manager). In this regard, it is clarified that (1) the Facility Manager shall operate, manage and render specified day to day-to-day services with regard to the Common Portions (2) the Facility Manager shall levy and collect the Common Expenses/Maintenance Charges (3) the Buyer Transferee shall be bound to pay the Common Expenses/Maintenance Charges to the Facility Manager (4) the Facility Manager, being a professional commercial organization, will not be required to render any accounts to the Buyer Transferee and it shall be deemed that the Facility Manager is rendering the specified services to the Buyer Transferee for commercial considerations (5) the Facility Manager shall merely be the service provider for rendition of specified services with regard to the Common Portions and no superior rights with regard to the Common Portions shall vest in the Facility Manager and (6) the Facility Manager may be replaced by consent of 80% (eighty percentper cent) or more of the coComplex Co-owners of the Said ComplexOwners.