MANAGEMENT RULES. 16.1 Apart from the provisions of the Act, the Company’s Memorandum and 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. 16.2 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: 16.2.1 in writing by a majority in value of the shareholders of the Company; or 16.2.2 by a majority in value of the shareholders of the Company in a general meeting of shareholders. 16.3 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 may be set aside: 16.3.1 in writing by a majority in value of the Company’s shareholders; or 16.3.2 by a majority in value of the Company’s shareholders in a general meeting of shareholders. 16.4 The above-mentioned rules may relate to the control, management, administration, use and enjoyment of the Apartment and the Common Property. Without derogating from the generality of the aforegoing, the said rules may in particular relate to the following: 16.4.1 the level of noise caused by the use of radios, other sources of music, television and the playing of musical instruments; 16.4.2 the limitation and use of television aerials, air-conditioning and any other electrical equipment and of sun blinds; 16.4.3 the neatness and general appearance of the Apartment and the Common Property; 16.4.4 the general behaviour of the Shareholder and other occupiers and users of the Apartment and the Common Property so as to ensure that no shareholder or other occupier creates a nuisance in an apartment or on the Common Property; 16.4.5 the use of any facilities of the Apartment and the Common Property which may be available to the Shareholder; 16.4.6 such other matters in the interest of the comfort and general well-being of occupiers of apartments. 16.5 Should any rule made in terms of this clause 16 clash with any provision of this agreement, the provision of this agreement shall prevail.
Appears in 1 contract
Sources: Use and Occupation Agreement
MANAGEMENT RULES. 16.1 17.1 Apart from the provisions of the Act, the Company’s Memorandum and Articles of Association and of this agreement, the Apartment Unit and the Property (including the use of the Common Property) shall be controlled and managed by way of rules.
16.2 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:
16.2.1 17.2.1 in writing by a majority in value of the shareholders of the Company; or
16.2.2 17.2.2 by a majority in value of the shareholders of the Company in a general meeting of shareholders.
16.3 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 may be set aside:
16.3.1 17.3.1 in writing by a majority in value of the Company’s shareholders; or
16.3.2 17.3.2 by a majority in value of the Company’s shareholders in a general meeting of shareholders.
16.4 17.4 The above-mentioned rules may relate to the control, management, administration, use and enjoyment of the Apartment Unit and the Common Property. Without derogating from the generality of the aforegoing, the said rules may in particular relate to the following:
16.4.1 17.4.1 the level of noise caused by the use of radios, other sources of music, television and the playing of musical instruments;
16.4.2 17.4.2 the limitation and use of television aerials, air-conditioning and any other electrical equipment and of sun blinds;
16.4.3 17.4.3 the neatness and general appearance of the Apartment Unit and the Common Property;
16.4.4 17.4.4 the general behaviour of the Shareholder and other occupiers and users of the Apartment Unit and the Common Property so as to ensure that no shareholder or other occupier creates a nuisance in an apartment unit or on the Common Property;
16.4.5 17.4.5 the right to traverse or be in the town or the game farm belonging to the Developer;
17.4.6 the use of any facilities of the Apartment Unit and the Common Property which may be available to the Shareholder;
16.4.6 17.4.7 such other matters in the interest of the comfort and general well-well- being of occupiers of apartmentsunits.
16.5 17.5 Should any rule made in terms of this clause 16 (17) clash with any provision of this agreement, the provision of this agreement shall prevail.
Appears in 1 contract
Sources: Agreement of Sale