Common use of Capital Maintenance Charges- Clause in Contracts

Capital Maintenance Charges-. (i) 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). The Capital Charges so arrived at will be distributed between the Allottees based on their Usable Area.

Appears in 2 contracts

Samples: Draft Maintenance Agreement, Draft Maintenance Agreement

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Capital Maintenance Charges-. (i) Amount 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)Allottee(s)s. The Capital Charges so arrived at will be distributed between the Allottees allottees based on their Usable AreaCarpet Areas.

Appears in 1 contract

Samples: Draft Maintenance Agreement

Capital Maintenance Charges-. (i) Amount A sum 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). The Capital Charges so arrived at will be distributed between the Allottees based on their Usable Super Area.

Appears in 1 contract

Samples: Draft Maintenance Agreement

Capital Maintenance Charges-. (i) Amount A sum 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). The Capital Charges so arrived at will be distributed between the Allottees based on their Usable Super Area.

Appears in 1 contract

Samples: Maintenance Agreement

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Capital Maintenance Charges-. (i) Amount 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). The Capital Charges so arrived at will be distributed between the Allottees allottees based on their Usable AreaSuper Areas.

Appears in 1 contract

Samples: Maintenance Agreement

Capital Maintenance Charges-. (i) Amount 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)Allottee(s)s. The Capital Charges so arrived at will be distributed between the Allottees allottees based on their Usable AreaAreas.

Appears in 1 contract

Samples: Maintenance Agreement

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