Common use of CONTRIBUTION TO COSTS Clause in Contracts

CONTRIBUTION TO COSTS. 25.1 The Purchaser shall be liable for a monthly contribution to costs in an amount equal to the estimated levies, as recorded in clause 4.7.1 on Page 4 of the Sale Agreement, for the period from the Completion Date until the Transfer Date. This contribution shall be paid to the Seller upon demand. 25.2 It is recorded that the abovementioned contribution to costs shall be applied towards the operating costs of the Building and/or the Scheme for the period until the Transfer Date. 25.3 Any residual amounts (after the operating costs have been settled) on Transfer shall be paid to the Body Corporate

CONTRIBUTION TO COSTS. 25.1 The Purchaser shall be liable for a monthly contribution to costs in an amount equal to the estimated levies, as recorded in clause 4.7.1 on Page 4 of the Sale Agreement, for the period from the Completion Date until the Transfer Date. This contribution shall be paid to the Seller upon demand. 25.2 It is recorded that the abovementioned contribution to costs shall be applied towards the operating costs of the Building and/or the Scheme for the period until the Transfer Date. 25.3 Any residual amounts (after the operating costs have been settled) on Transfer shall be paid to the Body Corporate