Transfer to the Nominee Clause Samples

Transfer to the Nominee. 6.1. Prior to the execution and registration of the Deed of Sub-Lease/ Assignment and/or Under Lease, as the case may be, (as mentioned herein) in favour of the Allottee in respect of the said Apartment/Residential Apartment, the Allottee shall not be entitled to transfer/nominate/assign his/her/its rights under this Agreement in favour of any third party except with the prior written consent of the Promoter. The Promoter may allow the Allottee to transfer nominate/assign his/her/its rights under this Agreement in respect of the said Apartment/Residential Apartment only if all the following conditions are complied with: - (a) There has been no default whatsoever by or on behalf of the Allottee in compliance with and/or performance of any of the covenants, undertakings and obligations more fully described hereunder as also in the Fifth Schedule hereunder written; (b) A period of 18 months should have been completed from the date of execution of this Agreement. (c) The Allottee shall make payment to the Promoter towards Transfer Charges/Nomination Fees to be calculated @1% of the Consideration Amount along with applicable taxes, of the Residential Apartment Cost as stipulated in Clause no. 2 and 3. (d) Prior consent in writing is obtained from the Promoter for the proposed transfer/nomination/assignment or alienation of the said Residential Apartment or any part thereof. (e) The Stamp Duty, Registration Fees and all other expenses payable for execution and registration of such Transfer and/or Deed of Assignment shall be borne and paid by the Allottee and/or his/her nominee subject however to the consent of the Promoter. For the purposes of this clause the term “Family Member/s” includes husband, wife, minor son and unmarried daughter wholly dependent on a person. 6.2. The Promoter in its absolute discretion be entitled to refuse consent to nomination/transfer/disposal etc. of the said Apartment/Residential Apartment to any person not being the Family member of the Allottee if the Allottee intends to make such nomination/transfer/disposal etc. within a period of 1 (one) year from the date of this Agreement and any nomination/transfer/disposal made in contravention/violation of such refusal to give consent shall be void ab initio. 6.3. In addition to the covenants and obligations hereinbefore contained, the Allottee shall also discharge certain additional obligations towards the Promoter and other Allottees of Joyville Phase 1A or the entire Project more fully...
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Related to Transfer to the Nominee

  • Deemed Resignation Upon termination of Executive’s employment for any reason, Executive shall be deemed to have resigned from all offices and directorships, if any, then held with the Company or any of its subsidiaries.

  • Director/Secretary The Corporate Seal of the Secretary of State for Education, hereunto affixed is authenticated by:

  • Deemed Resignations Any termination of Executive’s employment shall constitute an automatic resignation of Executive as an officer of Company and each affiliate of Company, an automatic resignation of Executive from the Board and from the board of directors or similar governing body of any affiliate of Company, and an automatic resignation from the board of directors or similar governing body of any corporation, limited liability company or other entity in which Company or any affiliate holds an equity interest and with respect to which board or similar governing body Executive serves as Company’s or such affiliate’s designee or other representative.

  • Shareholder Account Maintenance (a) Maintain all shareholder records for each account in the Company. (b) Issue customer statements on scheduled cycle, providing duplicate second and third party copies if required. (c) Record shareholder account information changes. (d) Maintain account documentation files for each shareholder.

  • Director Resignations The Company shall use its reasonable best efforts to cause to be delivered to Parent resignations executed by each director of the Company in office as of immediately prior to the Effective Time and effective upon the Effective Time.