Common use of Capital Maintenance Charges- Clause in Contracts

Capital Maintenance Charges-. (i) An amount, as determined by the Maintenance Agency, in the beginning of every financial year shall be payable towards costs of capital repairs/replacement in terms of Paragraph B of Schedule I attached hereto. It is agreed between the parties that the Maintenance Agency shall review the basis of calculation of Capital Maintenance Charges every financial year and determine the revised Capital Maintenance Charges which shall be borne by the Allottee(s)s. The Capital Charges so arrived at will be distributed between the allottees based on their Carpet Areas.

Appears in 2 contracts

Samples: Maintenance Agreement, Maintenance Agreement

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Capital Maintenance Charges-. (i) An amountA monthly sum, based on the super area of the Unit, and as determined by the Maintenance Agency, Agency in the beginning of every financial year shall be payable towards costs of capital repairs/replacement in terms of Paragraph B of Schedule I attached hereto. It is agreed between the parties that the Maintenance Agency shall review the basis of calculation of Capital Maintenance Charges capital charges every financial year and determine the revised Capital Maintenance Charges capital charges which shall be borne by the Allottee(s)s. The Capital Charges so arrived at will be distributed between the allottees based on their Carpet Areas.Allottee/s.

Appears in 1 contract

Samples: Maintenance Agreement

Capital Maintenance Charges-. (i) An amount, as determined by the Maintenance Agency, in the beginning of every financial year shall be payable towards costs of capital repairs/replacement in terms of Paragraph B of Schedule I attached hereto. It is agreed between the parties Parties that the Maintenance Agency shall review the basis of calculation of Capital Maintenance Charges every financial year and determine the revised Capital Maintenance Charges which shall be borne by the Allottee(s)sAllottee(s). The Capital Charges so arrived at will be distributed between the allottees Allottee(s) based on their Carpet Super Areas.

Appears in 1 contract

Samples: Maintenance Agreement

Capital Maintenance Charges-. (i) An amount, as determined by the Maintenance Agency, in the beginning of every financial year shall be payable towards costs of capital repairs/replacement in terms of Paragraph B of Schedule I attached hereto. It is agreed between the parties Parties that the Maintenance Agency shall review the basis of calculation of Capital Maintenance Charges every financial year and determine the revised Capital Maintenance Charges which shall be borne by the Allottee(s)sAllottee(s). The Capital Charges so arrived at will be distributed between the allottees based on their Carpet Super Areas.

Appears in 1 contract

Samples: Maintenance Agreement

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Capital Maintenance Charges-. (i) An amount, as determined by the Maintenance Agency, in the beginning of every financial year shall be payable towards costs of capital repairs/replacement in terms of Paragraph B of Schedule I attached hereto. It is agreed between the parties that the Maintenance Agency shall review the basis of calculation of Capital Maintenance Charges every financial year and determine the revised Capital Maintenance Charges which shall be borne by the Allottee(s)s. The Capital Charges so arrived at will be distributed between the allottees based on their Carpet Usable Areas.

Appears in 1 contract

Samples: Maintenance Agreement

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