Corpus Fund Deposit Sample Clauses

Corpus Fund Deposit. The Allottee shall be required to pay to a sum of Rs«Corpus_Deposit25»/- (Rupees«Corpus_in_words» only) towards Maintenance Corpus Deposit which will be created for replacement, refurbishing, major repairs of the plants and equipments, and painting of external facade of the building at periodical intervals and also towards any unforeseen contingency in future. The said Maintenance Corpus Deposit after adjustment of dues, if any, will be transferred to the Apartment Owners’ Association/body after its formation without any interest. The Corpus Deposit Amount which will be available with JSHPL will subsequently be handed over to the Association to be formed and will be deposited in a Term Deposit Account with State Bank of India (SBI) or any other Nationalised /Scheduled Bank and the interest so received against the same may be utilized for part financing/maintenance of the common areas in the Joyville Phase 1A.
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Corpus Fund Deposit. The Allottee shall be required to pay to a sum of Rs«Corpus_Deposit25»/- (Rupees«Corpus_in_words» only) towards Maintenance Corpus Deposit which will be created for replacement, refurbishing, major repairs of the plants and equipments, and painting of external facade of the building at periodical intervals and also towards any unforeseen contingency in future. The said Maintenance Corpus Deposit after adjustment of dues, if any, will be transferred to the Apartment Owners’ Association/body after its formation without any interest. The Corpus Deposit Amount which will be available with JSHPL will subsequently be handed over to the Association to be formed and will be deposited in a Term Deposit Account with State Bank of India (SBI) or any other Nationalised /Scheduled Bank and the interest so received against the same may be utilized for part financing/maintenance of the common areas in the Xxxxxxxx Xxxxx 0X.
Sample 1Sample 2Sample 3
Corpus Fund Deposit. The Allottee shall be required to pay to a sum of Rs. /- (Rupees Only) towards Maintenance Corpus Deposit which will be created for replacement, refurbishing, major repairs of the plants and equipment, and painting of external facade of the building at periodical intervals and also towards any unforeseen contingency in future. The said Maintenance Corpus Deposit after adjustment of dues towards the promoter or its nominated agency, if any, will be transferred to the Apartment Owners’ Association/body after its formation without any interest. The Corpus Deposit Amount which will be available with JSHPL will subsequently be handed over to the Association to be formed, which will be utilized for maintenance of the common areas for Tower B5 and/or Joyville Phase 1B.
Sample 1
Corpus Fund Deposit. The Allottee shall be required to pay to a sum of Rs. /- (Rupees only) towards Maintenance Corpus Deposit which will be created for replacement, refurbishing, major repairs of the plants and equipments, and painting of external facade of the building at periodical intervals and also towards any unforeseen contingency in future. The said Maintenance Corpus Deposit after adjustment of dues, if any, will be transferred to the Apartment Owners’ Association/body after its formation without any interest. The Corpus Deposit Amount which will be available with JSHPL will subsequently be handed over to the Association to be formed and will be deposited in a Term Deposit Account with State Bank of India (SBI) or any other Nationalised /Scheduled Bank and the interest so received against the same may be utilized for part financing/maintenance of the common areas in the Joyville Phase 1B.
Sample 1

Related to Corpus Fund Deposit

  • Custodial Account Funds in any custodial accounts established by the Servicer and maintained in respect of the REMIC may be invested and, if invested, shall be invested in Eligible Investments selected by the Servicer which shall mature not later than the Business Day immediately preceding the next Remittance Date, and any such Eligible Investment shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the REMIC or its nominee. All income and gain realized from any such investment shall be, as long as the Servicer is servicing the Mortgage Loans held by the REMIC, for the benefit of the Servicer as additional compensation and shall be subject to its withdrawal or order from time to time. The amount of any losses incurred in respect of any such investments shall be deposited in the relevant account by the Servicer out of its own funds immediately as realized. The foregoing requirements for deposit in such account are exclusive, it being understood and agreed that, without limiting the generality of the foregoing, payments of interest on funds in such account and, as long as the Servicer is servicing the Mortgage Loans held by the REMIC, payments in the nature of prepayment fees, late payment charges, assumption fees or any similar fees customarily associated with the servicing mortgage loans paid by any mortgagor need not be deposited by the Servicer in such account and may be retained by the Servicer as additional servicing compensation. If the Servicer deposits in such account any amount not required to be deposited therein, it may at any time withdraw such amount, any provision herein to the contrary notwithstanding.

  • Certificate Accounts Any time deposit, term share, share certificate, or certificate of deposit account allowed by state law (certificate account), whichever we offer, is subject to the terms of this Agreement, the Truth-in-Savings Disclosure, and the Account Receipt for each account, the terms of which are incorporated herein by reference.

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