Amenities Contribution Sample Clauses

Amenities Contribution. The Amenities Contribution will continue to accrue on the same terms as prior to termination until the date on which the Resident either vacates the Unit or dies and all the Resident's Possessions are removed from the Unit.
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Amenities Contribution. This fee is payable in terms of clause 8.3 and is an amount equal to 5% per annum of the Capital Sum accruing to the Operator each month (or part of the month) from the Commencement Date (see item 5.4 above) until the date the Resident vacates the Unit or dies and all the Resident's possessions are removed from the Unit but subject to a maximum charge of 25% of the Capital Sum.
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Amenities Contribution. 8.3.1 The Licensee agrees to pay to the Operator an Amenities Contribution 5 working days after the date on which the Operator shall settle payments for the licensing of the Unit to a new resident in accordance with the provisions of clause 21. 8.3.2 The Amenities Contribution shall be an amount equal to 5% per annum of the Capital Sum and shall accrue to the Operator each month (where only part of the month elapses, a full month's accrual will occur except for the last month when the accrual shall be on a daily basis) from the Commencement Date until the Last Accrual Date provided however that the maximum sum payable by the Licensee as an Amenities Contribution in terms of this licence shall be an amount equal to 25% of the Capital Sum. 8.3.3 The expression 'Last Accrual Date" shall mean the earlier of: (a) The date on which the Resident vacates the Unit and removes all the Resident's Possessions; or (b) Following the death of the Resident (and if more than one Resident, the last surviving resident), the date on which all of the deceased Resident's Possessions are removed from the Unit. 8.3.4 Notwithstanding anything in this clause 8.3 to the contrary if the Unit is rendered uninhabitable as a result of damage or destruction through no fault of the Licensee or the Resident and the Operator has not provided the Resident with temporary accommodation the Amenities Contribution shall cease to accrue to the Operator from the date of the damage or destruction. The accrual of the Amenities Contribution will resume from the date the Unit has been reinstated and made available to the Resident for occupation.
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Amenities Contribution. I/We acknowledge that the Amenities Contribution accrues to the Operator each month (or part of a month) from the earlier date of occupation or settlement of the Unit at 5% per annum up to a maximum charge equal to 25% of the Capital Sum.
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Related to Amenities Contribution

  • Initial Contribution The member agrees to make an initial contribution to the Company of $____________.

  • Initial Contributions The Members initially shall contribute to the Company capital as described in Schedule 2 attached to this Agreement.

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

  • Retirement Contribution 1. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay its cost of the 6.5% or 7.5% retirement contribution for employees in the bargaining unit who are covered under special Law Enforcement retirement plans. 2. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications.

  • Political Contributions Neither the Company nor any of its Subsidiaries has, directly or indirectly, at any time (x) made any contributions to any candidate for political office, or failed to disclose fully any such contribution, in violation of law; (y) made any payment to any state, federal or foreign governmental officer or official, or other person charged with similar public or quasi-public duties, other than payments required or allowed by all applicable laws; or (z) violated nor is it in violation of any provision of the Foreign Corrupt Practices Act of 1977, as amended.

  • Mutual Contribution The parties to this Agreement and their counsel have mutually contributed to its drafting. Consequently, no provision of this Agreement shall be construed against any party on the ground that a party drafted the provision or caused it to be drafted.

  • Initial Contribution of Trust Property; Organizational Expenses The Property Trustee acknowledges receipt in trust from the Depositor in connection with the Original Trust Agreement of the sum of $10, which constituted the initial Trust Property. The Depositor shall pay organizational expenses of the Trust as they arise or shall, upon request of any Trustee, promptly reimburse such Trustee for any such expenses paid by such Trustee. The Depositor shall make no claim upon the Trust Property for the payment of such expenses.

  • Additional Contributions The Member is not required to make any additional capital contribution to the Company. However, the Member may at any time make additional capital contributions to the Company in cash or other property.

  • Payment of Contributions The College and eligible academic staff members of the plan shall each contribute one-half of the contributions to the Academic and Administrative Pension Plan.

  • Investment of Contributions At the direction of the Depositor (or the direction of the beneficiary upon the Depositor's death), the Custodian shall invest all contributions to the account and earnings thereon in investments acceptable to the Custodian, which may include marketable securities traded on a recognized exchange or "over the counter" (excluding any securities issued by the Custodian), covered call options, certificates of deposit, and other investments to which the Custodian consents, in such amounts as are specifically selected and specified by the Depositor in orders to the Custodian in such form as may be acceptable to the Custodian, without any duty to diversify and without regard to whether such property is authorized by the laws of any jurisdiction as a trust investment. The Custodian shall be responsible for the execution of such orders and for maintaining adequate records thereof. However, if any such orders are not received as required, or, if received, are unclear in the opinion of the Custodian, all or a portion of the contribution may be held uninvested without liability for loss of income or appreciation, and without liability for interest pending receipt of such orders or clarification, or the contribution may be returned. The Custodian may, but need not, establish programs under which cash deposits in excess of a minimum set by it will be periodically and automatically invested in interest-bearing investment funds. The Custodian shall have no duty other than to follow the written investment directions of the Depositor, and shall be under no duty to question said instructions and shall not be liable for any investment losses sustained by the Depositor.

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