Common use of MANAGEMENT RULES Clause in Contracts

MANAGEMENT RULES. 17.1 Apart from the provisions of the ACT, the COMPANY'S Memorandum and the Articles of Association and of this agreement, the APARTMENT and the PROPERTY (including the use of the COMMON PROPERTY) shall be controlled and managed by way of rules. 17.2 The COMPANY'S directors shall make the said rules, which shall become binding as soon as they have been adopted by a resolution of the directors. Any rule made by the directors as set out above may be set aside (a) in writing by a majority in value of the shareholders of the COMPANY or (b) by a majority in value of the shareholders of the COMPANY in a general meeting of shareholders. 17.3 The COMPANY'S directors may from time to time revoke any rule or alter it or add to it; provided that any rule so revoked, altered or added to may be set aside (a) in writing by a majority in value of the COMPANY'S shareholders or (b) by a majority in value of the Company's Shareholders in a general meeting of shareholders. 17.4 The abovementioned rules may relate to the control, management, administration, use and enjoyment of the APARTMENTS and the COMMON PROPERTY. Without derogating from the generality of the aforegoing, the said rules may in particular relate to the following. 17.4.1 The level of noise caused by the use of radios, other sources of music, television and the playing of musical instruments: 17.4.2 The limitation and use of television aerials, air- conditioning and any other electrical equipment and of sun blinds; 17.4.3 The neatness and general appearance of the APARTMENTS and the COMMON PROPERTY. 17.4.4 The general behaviour of shareholders and other occupiers and users of APARTMENTS and the COMMON PROPERTY so as to ensure that no shareholder or other occupier shall create a nuisance in a APARTMENT or on the COMMON PROPERTY: 17.4.5 The use of any facilities of the hotel which may be available to shareholders; 17.4.6 Such other matters in the interest of the comfort and general well being of occupiers of APARTMENTS. 17.5 Should any rule made in terms of this paragraph (17) clash with any provision of this agreement; the provision of this agreement shall prevail.