Variation of Share on Further Construction Clause Samples

The 'Variation of Share on Further Construction' clause defines how ownership shares or interests in a property or project are adjusted if additional construction or development occurs after the initial agreement. Typically, this clause outlines the process for recalculating each party's share based on their contributions to the new construction, such as financial investment or provision of resources. Its core function is to ensure that the distribution of ownership remains fair and accurately reflects the parties' respective inputs, thereby preventing disputes and maintaining clarity as the project evolves.
Variation of Share on Further Construction. The Purchaser admits and accepts that in the event of such further construction, the Land Share and the proportionate share of the Unit shall stand altered and/or modified accordingly.
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Variation of Share on Further Construction. The Allottee admits and accepts that in the event of such further construction, the proportionate right In the Common Areas and Installations shall stand altered and/or modified accordingly.
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Related to Variation of Share on Further Construction

  • Waiver of Rule of Construction Each Party has had the opportunity to consult with counsel in connection with the review, drafting and negotiation of this Agreement. Accordingly, the rule of construction that any ambiguity in this Agreement shall be construed against the drafting Party shall not apply.

  • No Rule of Construction This Agreement shall be construed to be neither against nor in favor of any party hereto based upon any party’s role in drafting this Agreement, but rather in accordance with the fair meaning hereof.

  • General Rules of Construction Except as expressly stated otherwise, all references to “Paragraph(s)” or “Section(s)” in this Contract are references to Paragraphs and Sections of this Contract or the Exhibits attached to this Contract; and all references to Exhibit(s) are references to the Exhibits attached hereto. The table of contents and headings used in this Contract are for reference and convenience only, do not in any way define, limit, describe, or amplify the provisions of this Contract or the scope or intent of its provisions, are not a part of this Contract, and will not enter into the interpretation of this Contract. All references to “days” in this Contract mean calendar days unless otherwise stated. The term “business day” means Monday through Friday, excluding holidays observed by the School District.

  • Rights and Remedies are Cumulative Except with respect to rights and remedies expressly declared to be exclusive in this Agreement, the rights and remedies of the parties are cumulative and the exercise by either party of one or more of such rights or remedies shall not preclude the exercise by it, at the same or different times, of any other rights or remedies for the same default or any other default by the other party.

  • Rule of Construction No rule of construction requiring interpretation against the drafting Party hereof shall apply in the interpretation of this Agreement.