Membership Transfer Agreement by cgb20456

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									                  INDIVIDUAL DEBENTURE MEMBERSHIP BUYING AGREEMENT




I __________________________________________________________ wish to apply for an Individual
                            (name)

Debenture Membership from an existing Royal Hong Kong Yacht Club member and understand the
terms and conditions as stated in Article 3.11 of the Club’s Articles of Association in relation to the
transfer of Individual Debenture Memberships.


I will accept an offer at a price *including* / *excluding* a transfer fee equal to an Ordinary married
membership at the time of successful of transfer of HK$ ______________________. *Furthermore, I
wish to set the following conditions for purchasing this membership:


___________________________________________________________________________________


___________________________________________________________________________________


___________________________________________________________________________________


I understand that I will be required to attend an interview with the Membership Committee and, if I am
elected by the Membership Committee, the transfer procedures will then be completed in accordance
with the regulations of the Club and I will pay the Club the above amount. I further understand that I
need to attend one of the three briefing sessions for new members held immediately after my election to
the Club.




Signature: _______________________________                        Date: ____________________________________

Phone Number: ___________________________                         Email Address: ____________________________

* delete whichever is inappropriate




                                   ROYAL HONG KONG YACHT CLUB                香港遊艇會
                                         Kellett Island, Causeway Bay, Hong Kong
                       Tel: (852) 2239-0372 Fax: (852) 2239-0399 email: membership@rhkyc.org.hk

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Article 3.11

3.11     Individual Debenture Members
         (A)    Any person who meets the admission requirements set out in Article 4.7 and the
                following provisions of this Article may be admitted as an Individual Debenture
                Member of the Club on payment of such sum as may from time to time be determined
                by the General Committee.
         (B)    The maximum number of Individual Debenture Members shall be 200 or such number
                as may from time to time be determined by ordinary resolution of the Club.
         (C)    An Individual Debenture Member who is married shall have the right to nominate his
                spouse and children under the age of 20 to use the facilities of the Club. In the event
                of a married Individual Debenture Member divorcing and re-marrying, he shall have
                the right to nominate his new spouse and children under the age of 20 to use the
                facilities of the Club in place of his previous spouse and children, subject to
                compliance with the regulations of the Club and payment of such fee as shall from
                time to time be determined by the General Committee. If an Individual Debenture
                Member is not married, he shall have the right to nominate a partner who is not
                married to use the facilities of the Club and to change such nomination from time to
                time, subject to compliance with the regulations of the Club and payment of such fee
                as shall from time to time be determined by the General Committee provided that the
                Membership Committee may in its sole discretion by written notice to the Individual
                Debenture Member require any person nominated as a nominated partner to attend
                an interview with the Membership Committee to consider whether he is a fit and
                proper person before allowing that person to use the facilities of the Club as a
                nominated partner of that Individual Debenture Member. All regulations of the Club
                shall apply to an Individual Debenture Member, his spouse and children and to any
                nominated partner of such Individual Debenture Member except as stated otherwise
                in these Articles or other regulations of the Club.
         (D)    An Individual Debenture Member shall pay the same monthly subscription, building
                levy and minimum food and beverage charges as a married Ordinary Member.
                Individual Debenture Members shall not be entitled to vote at any General Meeting.
                Individual Debenture Members shall be eligible to join any appointed Committee of
                the Club but shall not be eligible for election to the General, Membership, Rowing or
                Sailing Committee nor to any office of the Club. Individual Debenture Members shall
                not be entitled to propose or second applications for membership of the Club.
                Individual Debenture Members may volunteer to participate in the organization of
                sailing or rowing events but shall not be required to do so.
         (E)    At any time after 3 years of becoming an Individual Debenture Member, an Individual
                Debenture Member may transfer his membership to another person who meets the
                admission requirements set out in Article 4.7, subject to the following provisions of
                this Article and upon payment to the Club of a transfer fee equivalent to the then
                current entrance fee for a married Ordinary Member. Unless from time to time
                determine otherwise by the General Committee, the following provisions shall apply in
                relation to transfers of Individual Debenture Memberships:-
                (i)      the Club shall act as the sole clearing house for the transfer of Individual
                         Debenture Memberships and no transfers through agents will be permitted;
                (ii)     any Individual Debenture Member who has been an Individual Debenture
                         Member for at least 3 years wishing to transfer his membership shall apply in
                         writing to the Club setting out his offer price and any other transfer terms;
                (iii)    the Club shall publish on its web site the terms of all offers to buy and sell
                         Individual Debenture Memberships but shall not publish the names of the
                         proposed transferors and transferees;
                (iv) upon an offer to buy and sell being matched, the proposed transferor and
                         transferee will be notified by the Club and the proposed transferee will be
                         invited to submit a written application for membership and attend an interview
                         with the Membership Committee;
                (v)      if the proposed transferee is elected by the Membership Committee, the
                         transfer procedures shall then be completed in accordance with the regulations
                         of the Club;




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                 (vi)   the General Committee shall have discretion to waive the requirement to have
                        been an Individual Debenture Member for at least 3 years before transferring
                        an Individual Debenture Membership in exceptional circumstances such as
                        death.
         (F)     An Individual Debenture Member who has been an Individual Debenture Member for
                 at least 3 years may apply to become an Ordinary Member in his own right and, if
                 elected as an Ordinary Member, shall apply to transfer his membership in accordance
                 with Article 3.11(E). All the provisions of these Articles relating to an application for
                 Ordinary Membership of the Club shall apply, save that the entrance fee, monthly
                 subscription and other payments due in his capacity as an Ordinary Member shall
                 only become payable and his rights and obligations as an Ordinary Member shall only
                 have effect once his Individual Debenture Membership has been transferred.
         (G)     The spouse, child or nominated partner of an Individual Debenture Member may
                 apply to become a Member in another category of membership at any time. Subject
                 to the provisions of Article 4.2, a child of any Individual Debenture Member who
                                                                                  th
                 wishes to continue using the facilities of the Club after his 20 birthday may only do
                 so if he is admitted as a Member in his own right.
         (H)     All rights and privileges of an Individual Debenture Member, his spouse, children
                 and/or nominated partner (except for those of any of them who by then have become
                 Members in their own right) including the right of the Individual Debenture Member to
                 transfer his Individual Debenture Membership shall cease upon such Individual
                 Debenture Member becoming bankrupt.
         (I)     For the avoidance of doubt, all the provisions of these Articles in relation to the
                 suspension and expulsion of Members shall apply to an Individual Debenture
                 Member and for these purposes the acts and behaviour of an Individual Debenture
                 Member’s spouse, children and/or nominated partner shall be attributed to that
                 Individual Debenture Member.
         (J)     Following the death of an Individual Debenture Member, the Individual Debenture
                 Membership shall pass to the beneficiary named in the Individual Debenture
                 Member’s will or the person entitled under the intestacy laws, subject to such person
                 meeting the admission requirements set out in Article 4.7 and, in the case of death of
                 the original Individual Debenture Member, upon payment to the Club of an
                 administration fee in such amount as the General Committee shall determine from
                 time to time. Following the death of a subsequent Individual Debenture Member, the
                 transfer to the beneficiary will be subject to payment of a transfer fee equivalent to the
                 then current entrance fee for a married Ordinary Member.
         (K)     In the event of an Individual Debenture Member losing his certificate of membership,
                 he may obtain a replacement certificate by applying in writing to the Membership
                 Manager and upon payment of an administration fee as the General Committee shall
                 determine from time to time.




June 2010




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GUIDANCE NOTES FOR INDIVIDUAL DEBENTURE MEMBERSHIP APPLICANTS
**Currently closed. If you would like to place your name on the waiting list, please contact the Membership Office
on 2239 0372 or email to membership@rhkyc.org.hk**

Definition

Any candidate who is aged over 18 is welcome to apply for Individual Debenture Membership:

       Married / Family Membership
        Only couples who are legally married may apply for a married membership. Family membership includes
        the candidate’s children up to the age of 20.

       Single Membership
        An unmarried candidate may nominate a partner and change his/her nomination from time to time to use
        the Club’s facilities subject to:
         registration with the Membership Manager, and
         he or she may be required to attend an interview with the Membership Committee, and
         approval by the Membership Committee, and
         payment of a fee as determined by the General Committee

All rights and privileges of an Individual Debenture Member, his/her spouse, child(ren) and/or nominated partner
including the right of the Individual Debenture Member to transfer his/her Individual Debenture Membership shall
cease upon an Individual Debenture Member becoming bankrupt.

Entrance Fee

   HK$600,000 (last price)

Monthly Charges

Individual Debenture Member (including spouse or nominated partner):

Subscription                          Building Levy                     Minimum F&B Charge
HK$1,060                              HK$110                            HK$330
                                                                                st
New Members elected during the course of a month is payable from the 1 day of the month in which he/she is
admitted as a Member.

Individual Debenture Member’s Children:

Cadet (aged over 12 but less than 20)                        HK$125 per month
Child (aged over 5 but less than 12)                         Nil

A Nominated Partner’s children (aged over 9 but less than 20) can only join as Cadet Members sponsored by a
Member. There is no entrance fee required but a monthly subscription of HK$125 per child is payable.

Re-Nominated Partner Fee

   HK$15,000

Payment

A successful candidate shall pay the entrance fee prior to attending the New Members’ Briefing/cocktail and
collecting the membership card and membership certificate.

Requirement for Autopay

The Club requires all new Members to pay their monthly accounts by means of an autopay arrangement with their
bank. A direct debit authorisation must accompany an application for membership. The direct debit authorisation
will be processed upon an application for membership being approved by the Membership Committee. In the
event that an application for membership is withdrawn or not approved by the Membership Committee, the direct
debit authorisation will be returned to the candidate.


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Waiting Time

Candidates for new Individual Debenture Membership can expect to have their application processed within 2-8
weeks after all requirements have been submitted.

Membership Committee

 Upon receipt of an application, the candidate will be invited to attend a Membership Committee Meeting.

 The Membership Committee meets monthly to consider applications for membership. Copies of candidates'
  application forms are circulated to the Committee before the meeting and candidates' details are posted in the
  Club for the information of the general membership.

 After each meeting, the candidates considered at the meeting are informed by post of the Committee's
  decision. Successful candidates are required to attend one of the next three briefing sessions for new
  Members held immediately after his/her election to be a Member, to collect his/her membership card and
  membership certificate and are charged membership subscription from the beginning of the same month.
  Failure to attend one of the three briefing sessions would result in his/her membership being withdrawn.

 The candidate's details will remain posted at the Club for one full month after the Membership Committee
  meeting which dealt with the application. If at any time it appears that a candidate was admitted under any
  misrepresentation or that material information was withheld, the Membership Committee may take steps to
  nullify the membership concerned.

 A candidate has no right to apply for temporary membership or use the Club moorings, hard standing or
  boatyard or car park facilities between the time that he/she has applied for membership and the date of
  his/her admission as a Member.

 A Nominated Partner, who either applies at the same time as the Individual Debenture Member or after the
  Individual Debenture Member has been admitted as an Individual Debenture Member, may be required to
  attend a Membership Committee meeting once he/she is registered with the Membership Office.

Transfer

 The Club acts as the sole clearing house. Any existing Individual Debenture Member who wishes to sell
                                       rd
  his/her membership after his/her 3 membership anniversary may contact the Membership Office by giving
  his/her offer price and any other transfer terms.

 The Club will then publish such offer on the Club’s web site for interested parties to respond to.

 When bid and offer terms are matched, the interested transferee will be invited to attend a Membership
  Committee meeting.

 A sale and purchase agreement in the approved form must be completed.

 The transferee approved by the Membership Committee is required to attend one of the next three briefing
  sessions for new Members held immediately after his/her election to be a Member, to collect his/her
  membership card and membership certificate and is charged membership subscription from the beginning of
  the same month. Failure to attend one of the three briefing sessions would result in his/her membership
  being withdrawn.

 The transferor will also be advised of the result of the application and once payment is received from the
  transferee and after deducting the transfer fee (equivalent to an entrance fee for a married Ordinary Member),
  the transferor’s rights as an Individual Debenture Member will cease and the Individual Debenture
  membership certificate should be returned to the Club.

Ordinary Membership

 An Individual Debenture Member who has been an Individual Debenture Member for more than 3 years, may
  apply to be elected as an Ordinary Member of the Club at any time. When applying for Ordinary Membership,
  all the normal application procedures and entry criteria for Ordinary Membership shall apply and the normal
  Ordinary Membership entrance fee shall be paid. If elected as an Ordinary Member, an Individual Debenture
  Member shall apply to transfer his Individual Debenture Membership. All the entrance fee, monthly
  subscription and other payments due as an Ordinary Member shall only become payable and rights and
  obligations as an Ordinary Member shall only have effect once the Individual Debenture Membership has
  been transferred.

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                  INDIVIDUAL DEBENTURE MEMBERSHIP APPLICATION CHECK LIST:




Dear Applicant

Thank you for your application for Membership of the Royal Hong Kong Yacht Club. To ensure that we
can process your application in as timely manner as possible, please check that you have enclosed the
following documents with your application which can be submitted either by post or in person to:

Membership Manager
Royal Hong Kong Yacht Club
Kellett Island
Causeway Bay
Hong Kong

Check List:

   A completed application form
   Signature(s) on the application form and specimen signature form
   Two photographs of each applicant, *spouse, *children, *nominated partner (*when appropriate)
   A direct debit authorisation form (countersigned on any alteration)
   A copy of principle applicant’s and spouse/nominated partner’s Hong Kong identity card
   A copy of marriage certificate for married couple applicants

Should you have any further queries regarding the progress of your application, please free feel to
contact the Membership Office by calling 2239-0372.




                                   ROYAL HONG KONG YACHT CLUB                香港遊艇會
                                         Kellett Island, Causeway Bay, Hong Kong
                       Tel: (852) 2239-0372 Fax: (852) 2239-0399 email: membership@rhkyc.org.hk




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ROYAL HONG KONG YACHT CLUB
Kellett Island, Causeway Bay, Hong Kong, SAR
Tel: (852) 2239-0372 Fax: 2239-0399 email: membership@rhkyc.org.hk



APPLICATION FOR INDIVIDUAL DEBENTURE MEMBERSHIP
 PLEASE COMPLETE IN BLOCK LETTERS OR TYPE
 (All questions must be completed, * delete whichever is inappropriate)


 Marital Status: *Single / Married                                                                1 photograph              1 photograph
 Single:    An Individual Debenture Member who is not married has the right to nominate
            a partner to use the facilities of the Club                                          (Passport size)           (Passport size)
 Married:   Only a couple who are legally married may apply for a married membership




                                                                                                    Applicant              Applicant’s *Spouse/
 A. PRINCIPAL MEMBER                                                                                                       Nominated Partner



 Applicant’s Name: (Full name, surname first) ___________________________________________________

 Please place a ‘✓’ in the appropriate box:                         Mr                     Mrs                  Miss          Ms

 Nationality

 Date of Birth                                                                            (dd/mm/yy)     Place of Birth:

 *HKID No/*Passport No



 Office Address:
 Name of Company/Employer:

 Address:




 Occupation/Business Title:                                                               Nature of Business:

 Office Telephone Number:                                Office Fax:                               Email Address:




 Residential Address:




 Home Telephone Number:                                                                   Home Fax:
 Mobile Phone:                                                                            Email Address:




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Address for Mailing:


Club Correspondence / Magazine Ahoy! / Club Social Activities Information             *Office / Residential

Club Statement          By post to * Office / Residential, or by email only to * Office / Residential, or
                        By post and email to *Office / Residential email

List all other Clubs/Associations, either in Hong Kong or overseas, of which you either are or have been a
member. (Separate sheet may be required.)


NAME OF CLUB               ADDRESS                       DATE JOINED         DATE LEFT        OFFICIAL POSITION (if any)




Give date of any previous application(s) to join the Royal Hong Kong Yacht Club
Have you been advised of this membership by a Member of the Club, and/or do you know any Member of this
Club? If so, please provide the name(s) of Member(s): ______________________________________________
___________________________________________________________________________________________




B. *SPOUSE / NOMINATED PARTNER
Applicant’s Name: (Full name, surname first)

_________________________________________________________________
Please place a ‘’ in the appropriate box: Mr       Mrs          Miss                                       Ms

Nationality

Date of Birth                                                        (dd/mm/yy)    Place of Birth:

*HKID No/*Passport No


Office Address:
Name of Company/Employer:

Address:



Occupation/Business Title:                                          Nature of Business:
Office Telephone Number:                     Fax:                            Email Address:




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Residential Address: (only for Nominated Partner)




Home Telephone Number:                                                Home Fax:
Mobile Phone:                                                         Email Address:



C. PRINCIPAL MEMBER’S CHILD(REN) DETAILS: (Full name, Surname first)


    st
1 Child’s Name:                                                      *M / F   Date of Birth:                   (dd/mm/yy)

    nd
2        Child’s Name:                                               *M / F   Date of Birth:                   (dd/mm/yy)

    rd
3 Child’s Name:                                                      *M / F   Date of Birth:                   (dd/mm/yy)

    th
4 Child’s Name:                                                      *M / F   Date of Birth:                   (dd/mm/yy)




DECLARATION:
I wish to become an Individual Debenture Member of the Royal Hong Kong Yacht Club and declare that the above
information is true; and if accepted, I and my *family/Nominated Partner agree to be bound by the Club’s
Memorandum and Articles and Bye Laws.




Signed by:
                         Applicant                                              Applicant’s *Spouse/Nominated Partner


                         Date




RHKYC’S POLICY ON PERSONAL DATA (PRIVACY)
The Royal Hong Kong Yacht Club hold names, addresses, contact data and historical information relating to
membership, billing and other information necessary for the management of the Club. Our purpose in collecting
and holding such data is to facilitate the efficient management of Royal Hong Kong Yacht Club to the best interest
of the membership as a whole. Subject to the requirements of the Hong Kong Personal Data (Privacy) Ordinance,
we may from time to time use personal data for direct promotion and/or marketing of products, facilities, services
and activities of the Club. Personal data will not be disclosed to any person or company outside the Royal Hong
Kong Yacht Club.

                                                          FOR OFFICE USE ONLY
Cheque No:                                       Bank:                                         Date:



07.2010

                                         ROYAL HONG KONG YACHT CLUB                香港遊艇會
                                               Kellett Island, Causeway Bay, Hong Kong
                             Tel: (852) 2239-0372 Fax: (852) 2239-0399 email: membership@rhkyc.org.hk


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                                  Application for Membership - Photograph (s) and Specimen Signature (s)
                                                      For Membership Card Purpose

        * Note: Please stick your recent photograph (s) by glue onto each designated box. (NO STAPLES)


        fp[
          Principal
         Member’s
           Photo
       (Passport Size)
                                                                Principal Member’s Specimen Signature
                                                Please use BLACK pen and sign INSIDE the signature box.



                                                                                                          Spouse
                                                                                                        /Nominated
                                                                                                         Partner’s
                                                                                                          Photo
      Spouse/Nominated Partner’s Specimen Signature                                                   (Passport Size)
                   Please use BLACK pen and sign INSIDE the signature box.

*******************************************************************************************************************
   Children: Children aged over 5 and less than 12 will be registered as a Child Member once application is approved.
             Only Children aged over 12 and less than 20 shall provide specimen signature.


                                    1st Child Name:

          1st child’s
            Photo
        (Passport Size)                                                                                 2nd child’s
                                                         Specimen Signature                               Photo
                                              2nd Child Name:                                         (Passport Size)



                                                                Specimen Signature
                                    3rd Child Name:

          3rd child’s
            Photo                                                                                       4th child’s
        (Passport Size)                               Specimen Signature                                  Photo
                                              4th Child Name:                                         (Passport Size)



                                                                Specimen Signature
                                           ROYAL HONG KONG YACHT CLUB                  香港遊艇會
                                                   Kellett Island, Causeway Bay, Hong Kong
                                  Tel: (852) 2239-0372 Fax: (852) 2239-0399 email: membership@rhkyc.org.hk


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IMPORTANT: Please complete and return this form to the RHKYC, Accounts Dept., Kellett Island, Causeway Bay, HK.
           It takes approximately 3 - 4 weeks to process this application. Please keep on paying your monthly
           bills by CHEQUES until you receive a written confirmation from RHKYC.




                                                          DIRECT DEBIT AUTHORIZATION

Name of party to be Credited (The Beneficiary)                                                   Bank No.             Branch No.         Account No. to be Credited
ROYAL HONG KONG YACHT CLUB                                                                           0      0     4      0     0     2      2     4        1   3      6    2        0   0   1
I/We hereby authorize my/our below named Bank to effect transfers from my/our account to that of the above named beneficiary in accordance with such instructions as
my/our Bank may receive from the beneficiary from time to time.


I/We agree that my/our Bank shall not be obliged to ascertain whether or not notice of any such transfer has been given to me/us.


I/We jointly and severally accept full responsibility for any overdraft (or increase in existing overdraft) on my/our account which may arise as a result of any such transfer(s).


I/We agree that should there be insufficient funds in my/our account to meet any transfer hereby authorized, my/our Bank shall be entitled, in its discretion, not to effect such
transfer in which event the Bank may make the usual charge and that it may cancel this authorization at any time on one week's written notice.


This authorization shall have effect until further notice.


I/We agree that any notice of cancellation or variation of this authorization which I/we may give to my/our Bank shall be given at least seven working days prior to the date
on which such cancellation/variation is to take effect.

My/Our Bank Name and Branch                                                                      Bank No.             Branch No.         My/Our Account No.



* My/Our name(s) as recorded on Statement/Passbook                                               Date                                    Contact Tel No.



* My/Our Signature(s)                                                                            My/Our Address as recorded on Statement/Passbook




* Name of Debtor (if other than Account Holder)                                                  Debtor's Reference (For Office Use Only)



For Bank      Remarks                                                                                                                    Signature Verified
Use Only




NOTES
:     *           Please ensure that you sign the form in the usual way that you would sign on your Bank Account.
      *           Please delete whichever is not appropriate.
      *           Please write in block letters.
      *           Please countersign any alternation.




                                               ROYAL HONG KONG YACHT CLUB            香港遊艇會
                                                   Kellett Island, Causeway Bay, Hong Kong
                                 Tel: (852) 2239-0372 Fax: (852) 2239-0399 email: membership@rhkyc.org.hk


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