Common use of Maintenance Charges Clause in Contracts

Maintenance Charges. 6.1 The maintenance services for the Said Plot / Said Complex/Said Building, as set out in Annexure T-IV to this Lease Deed, shall be provided by THE LESSOR or its nominees/ assigns, the estimated Maintenance Charges for which shall be calculated prorata of the super built up area of the Demised Premises to the total super built-up area of the Property. 6.2 The Maintenance Charges for such maintenance services shall be paid to THE LESSOR or its nominees/ assigns, in advance for each month, as per the xxxx(s)/ invoice(s) raised by THE LESSOR or its nominees/ assigns. 6.3 The Maintenance Charges shall be subject to deduction of Income Tax at source as applicable, from time to time. 6.4 Any other taxes/ duties/ charges/ cesses / levy(ies) etc. as applicable from time to time on Maintenance Charges including service tax shall be payable by THE LESSEE in addition to the Maintenance Charges mentioned hereinabove as and when demanded by THE LESSOR. 6.5 The Maintenance Charges shall be payable by the Due Date, in advance for each month in respect of which such Maintenance Charges would be payable. 6.6 The Maintenance Charges as specified in this Lease Deed are subject to increase of prices of diesel, gas, petroleum products and other consumables, electricity rates, taxes, wages and salaries, cost of annual maintenance contracts of lifts, DGs, HVAC supplies, transformers, panels etc. during the Lease Term and the Lease Renewal Term (if any). 6.7 After completion of a financial year (i.e. from 1st April of a calendar year to 31st March of the next calendar year), THE LESSOR or its nominees / assigns will provide THE LESSEE, within a reasonable time period, a third party auditor certificate of expenditure/ expenses towards maintenance charges incurred during such financial year. Any under-recovery by THE LESSOR or its nominees/assigns shall become payable by THE LESSEE to THE LESSOR or its nominees/assigns and any over-recovery by THE LESSOR or its nominees/assigns shall become refundable by THE LESSOR/ or its nominees/assigns to THE LESSEE. Any such payment by refund to THE LESSEE shall be without any interest and such payment shall be payable by either party within thirty (30) days of providing such third party auditor certificate and issuance of credit/ debit note (as applicable).

Appears in 3 contracts

Samples: Lease Deed, Lease Deed (WNS (Holdings) LTD), Lease Deed (WNS (Holdings) LTD)

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Maintenance Charges. 6.1 The That the Licensee herein shall bear and pay all the maintenance services for the Said Plot / Said Complex/Said Buildingcharges of Rs. [[Amount in Numbers]] towards maintenance of Generator & Elevator, as set out in Annexure T-IV to this Lease DeedSalaries towards guards, shall be provided by THE LESSOR or its nominees/ assigns, the estimated Maintenance Charges for which shall be calculated prorata Electricity Maintenance for Common Areas, Charges towards cleaning of Common Areas and towards maintaining the lawn, whichever applicable, in respect of the super built up area said Licensed Premises, and other outgoings including all rates, taxes, levies, assessment, non-occupancy charges, xxx.xx respect of the Demised Premises to the total super built-up area of the Property. 6.2 The Maintenance Charges for such maintenance services said premises shall be paid to THE LESSOR or its nominees/ assignsby the Licensor. ELECTRICITY CHARGES That during the Rent period, in advance for each month, as per the xxxx(s)/ invoice(s) raised by THE LESSOR or its nominees/ assigns. 6.3 The Maintenance Charges shall be subject to deduction of Income Tax at source as applicable, from time to time. 6.4 Any other taxes/ duties/ charges/ cesses / levy(ies) etc. as applicable from time to time on Maintenance Charges including service tax shall be payable by THE LESSEE in addition to the Maintenance Charges mentioned hereinabove rental amount payable to the Landlord, the Tenant shall pay for the use of electricity and water as per bills received from the authorities concerned directly. For all the dues of electricity bills and when demanded water bills till the date the possession of the premises is handed over by THE LESSOR. 6.5 The Maintenance Charges the Landlord to the Tenant it is the responsibility of the Landlord to pay and clear them according to the readings on the respective meters . At the time of handing over possession of the premises back to the Landlord by Xxxxxx, it is the responsibility of the Tenant to pay electricity & water bills, as presented by the Departments concerned according to the readings on the respective meters upto the date of vacation of the property. That all the sanitary, electrical and other fittings and fixtures and appliances in the premises shall be payable handed over from the Landlord to the Tenant in good working condition. There will be 3 weeks maintenance period after the possession of Name of tenant . If during these 3 weeks any defect is in electrical outlets/appliances, plumbing/ sanitary is identified & duly notified, the Landlord shall be responsible to repair/ replace the same at his own cost. Upon returning the premises, all the sanitary, electrical and other fittings and fixtures will be restored by the Due DateTenant in a good condition as they are at present, in advance for each month in respect of which such Maintenance Charges would be payable. 6.6 The Maintenance Charges as specified in this Lease Deed are subject to increase normal wear and tear and damage by act of prices God. The Lessee shall pay the actual electricity, shared maintenance, water bills for the period of dieselthe agreement directly to the authorities concerned. The relevant `start date` meter readings are [Starting Meter Reading]. NO TENANCY That the Tenant shall not sublet, gas, petroleum products and other consumables, electricity rates, taxes, wages and salaries, cost of annual maintenance contracts of lifts, DGs, HVAC supplies, transformers, panels etc. during assign or part with the Lease Term demised premises in whole or part thereof to any person in any circumstances whatsoever and the Lease Renewal Term (if any). 6.7 After completion of a financial year (i.e. from 1st April of a calendar year same shall be used for the bonafide residential purposes only. That the Lessee shall have no right to 31st March create any sub-lease or assign or transfer in any manner the lease or give to any one the possession of the next calendar year), THE LESSOR said premises or its nominees / assigns will provide THE LESSEE, within a reasonable time period, a third party auditor certificate of expenditure/ expenses towards maintenance charges incurred during such financial year. Any under-recovery by THE LESSOR or its nominees/assigns shall become payable by THE LESSEE to THE LESSOR or its nominees/assigns and any over-recovery by THE LESSOR or its nominees/assigns shall become refundable by THE LESSOR/ or its nominees/assigns to THE LESSEE. Any such payment by refund to THE LESSEE shall be without any interest and such payment shall be payable by either party within thirty (30) days of providing such third party auditor certificate and issuance of credit/ debit note (as applicable)part thereof.

Appears in 2 contracts

Samples: Leave and License Agreement, Commercial Property Rental Agreement

Maintenance Charges. 6.1 The maintenance services for (a) Tenant shall pay as additional rent Tenant's Proportionate Share of the Said Plot / Said Complex/Said Building, Common Area Maintenance Costs (as set out in Annexure T-IV to this Lease Deed, hereinafter defined). Such payments shall be provided by THE LESSOR or its nominees/ assignsbased on Landlord's reasonable estimates, the estimated Maintenance Charges for which shall be calculated prorata of the super built up area of the Demised Premises to the total super built-up area of the Property. 6.2 The Maintenance Charges for such maintenance services shall be paid to THE LESSOR or its nominees/ assigns, in advance for each month, as per the xxxx(s)/ invoice(s) raised by THE LESSOR or its nominees/ assigns. 6.3 The Maintenance Charges shall be subject to deduction of Income Tax at source as applicable, from time to time. 6.4 Any other taxes/ duties/ charges/ cesses / levy(ies) etc. as applicable adjustment from time to time on determination of the actual amount of the Common Area Maintenance Charges including service tax Costs, and shall be payable by THE LESSEE in addition equal monthly installments in advance on the first day of each month. Within one hundred twenty (120) days (or such additional time as is reasonable under the circumstances) after the end of each "CAM Year" (as hereinafter defined), Landlord shall deliver to Tenant a statement of the Common Area Maintenance Charges mentioned hereinabove as Costs for the most recent CAM Year, and when demanded by THE LESSOR. 6.5 The Maintenance Charges the monthly installments paid or payable shall be payable by adjusted between Landlord and Tenant, the Due Dateparties hereby agreeing that Tenant shall pay Landlord or Landlord shall credit Tenant's account, in advance for each month in respect of which such Maintenance Charges would be payable. 6.6 The Maintenance Charges as specified in this Lease Deed are subject to increase of prices of diesel, gas, petroleum products and other consumables, electricity rates, taxes, wages and salaries, cost of annual maintenance contracts of lifts, DGs, HVAC supplies, transformers, panels etc. during the Lease Term and the Lease Renewal Term or (if any). 6.7 After completion of a financial year (i.e. from 1st April of a calendar year to 31st March such adjustment is at the end of the next calendar year)Term) pay Tenant, THE LESSOR or its nominees / assigns will provide THE LESSEEas the case may be, within a reasonable time period, a third party auditor certificate of expenditure/ expenses towards maintenance charges incurred during such financial year. Any under-recovery by THE LESSOR or its nominees/assigns shall become payable by THE LESSEE to THE LESSOR or its nominees/assigns and any over-recovery by THE LESSOR or its nominees/assigns shall become refundable by THE LESSOR/ or its nominees/assigns to THE LESSEE. Any such payment by refund to THE LESSEE shall be without any interest and such payment shall be payable by either party within thirty (30) days after receipt of providing such third party auditor certificate statement, such amounts as may be necessary to effect adjustment to the agreed proportionate share for such CAM Year. "CAM Year," for purposes hereof, shall mean each twelve (12) month period corresponding to Landlord's fiscal year, which is currently the twelve (12) month period ending on March 31. (b) Common Area Maintenance Costs" shall be the total of all items of cost and issuance expense incurred in operating, managing, equipping, protecting, policing, securing, lighting, repairing, replacing and maintaining the Common Areas and their facilities, less contributions for particular items allocated and paid separately by any ground tenants in the Shopping Center. Common Area Maintenance Costs shall include, without limitation, all costs and expenses of credit/ debit note (1) maintaining, repairing and replacing the Common Areas as applicableshall be required in Landlord's judgment; (2) security, fire detection and protection and traffic direction and control; (3) cleaning and removing of rubbish, dirt, debris, water, snow and ice from the Common Areas (including removal of water, snow and ice from rooftops).; (4) planting, landscaping, re-planting and replacing flowers and landscaping; (5) water, drainage and sewage; (6) wages, health and welfare benefits, pension benefits, union dues, vacations, unemployment taxes and social security taxes; (7) personal property taxes; (8) permits and licenses; (9) supplies; (10) the operation of loud speakers and any other equipment supplying music; (11) utility services and lighting (including the cost of light bulbs and electric current); (12) patching, repairing, resurfacing, topping and marking of all parking and drive areas; (13) filling, sealing and supporting of sink holes; (14) depreciation of machinery and equipment used in the operation of the Common Areas (but not including depreciation of the original cost of acquiring the Common Areas of the Shopping Center); (15) all amounts payable by Landlord under any reciprocal easement agreement, covenant or easement binding upon the Shopping Center; (16) the charges of any independent contractor who, under contract with Landlord or its representatives, performs any work in connection with or relating to the operation, maintenance, repair or replacement of any part of the Common Areas; (17) any other expense or charge, whether or not hereinbefore mentioned, which, in accordance with generally accepted accounting and management principles, would be considered as an expense of managing, operating, maintaining or repairing the Common Areas, provided, however, that any capital expenditures shall, in accordance with generally accepted accounting principles, be amortized over the useful life of such asset; and (18) administrative charges in the amount of fifteen percent (15%) of the Common Area Maintenance Costs (exclusive of such administrative charges). ARTICLE 11 Fixtures/Building, Signs and Alterations

Appears in 2 contracts

Samples: Shopping Center Lease (Carrollton Bancorp), Shopping Center Lease (Carrollton Bancorp)

Maintenance Charges. 6.1 The At present various maintenance services for services, facilities and amenities within the Said said Plot / Said Complexsaid Building/Said Building, Demised Premises and civic amenities in the said Complex where the Demised Premises/said Building are located are being maintained by THE LESSOR. Maintenance services are as set out in Annexure T-IV - VI to this Lease Deed, shall be provided by THE LESSOR or its nominees/ assigns, the estimated Maintenance Charges for charges of which shall be calculated prorata of the super built up area of the Demised Premises to the total super built-up area of the Property. 6.2 The Maintenance Charges for such maintenance services shall be paid are payable to THE LESSOR or its nominees/ assigns, in advance for each month, nominees / assigns of THE LESSOR by THE LESSEE as per the xxxx(s)/ invoice(s) bills raised by THE LESSOR or its nominees/ nominees/assigns. 6.3 . The maintenance charges for office hours / 24*7 operations shall be calculated at 1.2 times the actual expenditure being incurred payable from the Lease Commencement Date. The maintenance charges will be as per Annexure X (b). Maintenance Charges services on National Holidays can only be provided if THE LESSEE gets the requisite approval for their operations in Demised premises from the local administration/ competent authority(ies) and not otherwise. The maintenance charges shall be subject to deduction of Income Tax at source as applicable, from time to time. 6.4 Any . Additional charges towards Service Tax (es) and other taxes/ duties/ charges/ cesses / levy(ies) etc. taxes as applicable from time to time on Maintenance Charges including service tax maintenance charges, shall also be payable by THE LESSEE in addition to LESSEE. On completion of the Maintenance Charges mentioned hereinabove as and when demanded by financial year, THE LESSOR. 6.5 The Maintenance Charges shall be payable by the Due Date, in advance for each month in respect of which such Maintenance Charges would be payable. 6.6 The Maintenance Charges as specified in this Lease Deed are subject to increase of prices of diesel, gas, petroleum products and other consumables, electricity rates, taxes, wages and salaries, cost of annual maintenance contracts of lifts, DGs, HVAC supplies, transformers, panels etc. during the Lease Term and the Lease Renewal Term (if any). 6.7 After completion of a financial year (i.e. from 1st April of a calendar year to 31st March of the next calendar year), THE LESSOR or /its nominees / assigns will provide THE LESSEE, within a reasonable time period, a third party auditor certificate LESSEE audited statement of expenditure/ expenses expenditure towards maintenance charges Maintenance Charges incurred during such the said financial year. Any under-recovery by THE LESSOR or LESSOR/its nominees/assigns nominees shall become payable by THE LESSEE to THE the LESSOR or its nominees/assigns /its nominees and any over-recovery by THE LESSOR or LESSOR/its nominees/assigns nominees shall become refundable by THE LESSOR/ or LESSOR/its nominees/assigns nominees to THE LESSEE. Any such payment by refund to THE LESSEE shall be without any interest and such payment shall be payable by either party within thirty (30) days of providing such third party auditor certificate and issuance of credit/ debit note (as applicable).

Appears in 1 contract

Samples: Lease Deed (WNS (Holdings) LTD)

Maintenance Charges. 6.1 The maintenance services for the Said Plot / Said Complex/Said Building, as set out in Annexure T-IV to this Lease Deed, shall be provided by THE LESSOR or its nominees/ assigns, the estimated Maintenance Charges for which shall be calculated prorata of the super built up area of the Demised Premises to the total super built-up area of the Property. 6.2 The Maintenance Charges for such maintenance services shall be paid to THE LESSOR or its nominees/ assigns, in advance for each month, as per the xxxx(s)/ invoice(s) raised by THE LESSOR or its nominees/ assigns. 6.3 The Maintenance Charges shall be subject to deduction of Income Tax at source as applicableTDS, from time to time. 6.4 Any other taxes/ duties/ charges/ cesses / levy(ies) etc. as applicable from time to time on Maintenance Charges including service tax shall be payable by THE LESSEE in addition to the Maintenance Charges mentioned hereinabove as and when demanded by THE LESSOR. 6.5 The Maintenance Charges shall be payable by the Due Date, in advance for each month in respect of which such Maintenance Charges would be payable. 6.6 The Maintenance Charges as specified in this Lease Deed are subject to increase of prices of diesel, gas, petroleum products and other consumables, electricity rates, taxes, wages and salaries, cost of annual maintenance contracts of lifts, DGs, HVAC supplies, transformers, panels etc. , during the Lease Term and the Lease Renewal Term (if any).. THE LESSOR will notify THE LESSEE in writing, within reasonable time, upon any such increase in the Maintenance Charges 6.7 After completion of a financial year (i.e. from 1st April of a calendar year to 31st March of the next calendar year), THE LESSOR or its nominees / assigns will provide THE LESSEE, within a reasonable time period, a third party auditor certificate of expenditure/ expenses towards maintenance charges incurred during such financial year. Any under-recovery by THE LESSOR or its nominees/assigns shall become payable by THE LESSEE to THE LESSOR or its nominees/assigns and any over-recovery by THE LESSOR or its nominees/assigns shall become refundable by THE LESSOR/ or its nominees/assigns to THE LESSEE. Any such payment by refund to THE LESSEE shall be without any interest and such payment shall be payable by either party within thirty (30) days of providing such third party auditor certificate and issuance of credit/ debit note (as applicable).

Appears in 1 contract

Samples: Lease Deed (Cvent Inc)

Maintenance Charges. 6.1 The maintenance services for the Said Plot / Said Complex/Said Building, as set out in Annexure T-IV to this Lease Deed, shall be provided by THE LESSOR or its nominees/ assigns, the estimated Maintenance Charges for which shall be calculated prorata of the super built up area of the Demised Premises to the total super built-up area of the Property. 6.2 The Maintenance Charges for such maintenance services shall be paid to THE LESSOR or its nominees/ assigns, in advance for each month, as per the xxxx(s)/ invoice(s) raised by THE LESSOR or its nominees/ assigns. 6.3 The Maintenance Charges shall be subject to deduction of Income Tax at source as applicableTDS, from time to time. 6.4 Any other taxes/ duties/ charges/ cesses / levy(ies) etc. as applicable from time to time on Maintenance Charges including service tax shall be payable by THE LESSEE in addition to the Maintenance Charges mentioned hereinabove as and when demanded by THE LESSOR. 6.5 The Maintenance Charges shall be payable by the Due Date, in advance for each month in respect of which such Maintenance Charges would be payable. 6.6 The Maintenance Charges as specified in this Lease Deed are subject to increase of prices of diesel, gas, petroleum products and other consumables, electricity rates, taxes, wages and salaries, cost of annual maintenance contracts of lifts, DGs, HVAC supplies, transformers, panels etc. during the Lease Term and the Lease Renewal Term (if any).. THE LESSOR will notify THE LESSEE in writing, within reasonable time, upon any such increase in the Maintenance Charges 6.7 After completion of a financial year (i.e. from 1st April of a calendar year to 31st March of the next calendar year), THE LESSOR or its nominees / assigns will provide THE LESSEE, within a reasonable time period, a third party auditor certificate of expenditure/ expenses towards maintenance charges incurred during such financial year. Any under-recovery by THE LESSOR or its nominees/assigns shall become payable by THE LESSEE to THE LESSOR or its nominees/assigns and any over-recovery by THE LESSOR or its nominees/assigns shall become refundable by THE LESSOR/ or its nominees/assigns to THE LESSEE. Any such payment by refund to THE LESSEE shall be without any interest and such payment shall be payable by either party within thirty (30) days of providing such third party auditor certificate and issuance of credit/ debit note (as applicable).

Appears in 1 contract

Samples: Lease Deed (Cvent Inc)

Maintenance Charges. 6.1 The maintenance services for the Said Plot / Said Complex/Said BuildingPromoter or its nominees, as set out in Annexure T-IV to this Lease Deedthe case may be, shall be provided by THE LESSOR or its nominees/ assigns, raise bills on the estimated Maintenance Charges for which shall be calculated prorata Allottee in respect of the super built up area maintenance of the Demised Premises Mall Common Portions, land Common Portions and the Limited Common Areas and Facilities which the Allottee shall pay within the due dates. The Allottee shall also be liable to the total super built-up area of the Property. 6.2 The Maintenance Charges for such maintenance services shall be paid to THE LESSOR pay GST and/or other applicable taxes which are now payable or its nominees/ assigns, which may become applicable and payable in advance for each month, as per the xxxx(s)/ invoice(s) raised by THE LESSOR or its nominees/ assigns. 6.3 The Maintenance Charges shall be subject to deduction of Income Tax at source as applicable, from time to time. 6.4 Any other taxes/ duties/ charges/ cesses / levy(ies) etcfuture (collectively "MAINTENANCE CHARGES"). as applicable from time to time on Maintenance Charges including service tax shall be payable by THE LESSEE in addition to the Maintenance Charges mentioned hereinabove as and when demanded by THE LESSOR. 6.5 The Maintenance Charges shall be payable on and from the date of the Allottee taking possession of the Designated Unit. The Promoter and/ or its nominated agency, as the case may be, shall raise, every month, the bills on the Allottee for the Maintenance Charges, which will be payable by the Due DateAllottee to the Promoter or to its nominees within seven days from the date of the Allottee receiving the same. The Promoter or its nominated agency, as the case may be, in advance due course of time, may also decide to issue quarterly bills for each month in respect of which such Maintenance Charges would be payable. 6.6 The Maintenance Charges as specified and in this Lease Deed case such bills are subject to increase of prices of dieselraised, gas, petroleum products and other consumables, electricity rates, taxes, wages and salaries, cost of annual maintenance contracts of lifts, DGs, HVAC supplies, transformers, panels etc. during the Lease Term and the Lease Renewal Term (if any). 6.7 After completion of a financial year (i.e. from 1st April of a calendar year to 31st March of the next calendar year), THE LESSOR or its nominees / assigns will provide THE LESSEE, within a reasonable time period, a third party auditor certificate of expenditure/ expenses towards maintenance charges incurred during such financial year. Any under-recovery by THE LESSOR or its nominees/assigns shall become payable by THE LESSEE to THE LESSOR or its nominees/assigns and any over-recovery by THE LESSOR or its nominees/assigns shall become refundable by THE LESSOR/ or its nominees/assigns to THE LESSEE. Any such payment by refund to THE LESSEE shall be without any interest and such payment same shall be payable by either party the Allottee to the Promoter or to its nominated agency, within thirty the due dates as would be specified in the said quarterly bills irrespective of whether the Designated Unit is being utilized or not. Maintenance Charges shall be fixed and shall be non-escalable for a period of 24 months from the date of Possession of the Designated Unit. However, in the event there is an increase in the power tariff by the concerned authorities during this period of 24 (30twenty four) days months, then the Maintenance Charges will be increased suitably to cover up the increase in such costs due to increase of providing such third party auditor certificate and issuance the power tariff. After the completion of credit/ debit note (as applicable)the said period of 24 months the Promoter or its nominated agency shall be entitled to increase the Maintenance Charges. The Maintenance activities will be operated by the Promoter or its nominated agency or agencies on commercial basis to ensure a reasonable return for the effort being made in respect of the maintenance by the Promoter or its nominee/nominated agency or agencies.

Appears in 1 contract

Samples: Agreement for Sale

Maintenance Charges. 6.1 The At present various maintenance services for services, facilities and amenities within the Said said Plot / Said Complexsaid Building/Said BuildingDemised Premises and civic amenities in the said Complex where the Demised Premises/said Building are located are being maintained by THE LESSOR or DUL, or any of the nominees/ assigns of THE LESSOR. Maintenance services are as set out in Annexure T-IV – VI to this Lease Deed, shall be provided by THE LESSOR or its nominees/ assigns, the estimated Maintenance Charges for charges of which shall be calculated prorata of the super built up area of the Demised Premises to the total super built-up area of the Property. 6.2 The Maintenance Charges for such maintenance services shall be paid are payable to THE LESSOR or its nominees/ assigns, in advance for each month, DUL or any other nominees / assigns of THE LESSOR by THE LESSEE as per the xxxx(s)/ invoice(s) bills raised by THE LESSOR or DUL or any of its nominees/ nominees/assigns. 6.3 . The maintenance charges for normal office hours/extra office hours/ 24*7 operations excluding Public and National Holidays shall be calculated at 1.2 times the actual expenditure being incurred payable from the Lease Commencement Date/Date of Occupation, whichever is earlier. The maintenance charges will be as per Annexure X (b). Maintenance Charges services on Public and National Holidays can only be provided if THE LESSEE gets the requisite approval from the local administration/ competent authority(ies) and not otherwise. The maintenance charges shall be subject to deduction of Income Tax at source as applicable, from time to time. 6.4 Any . Additional charges towards Service Tax (es) and other taxes/ duties/ charges/ cesses / levy(ies) etc. taxes as applicable from time to time on Maintenance Charges including service tax maintenance charges, shall also be payable by THE LESSEE in addition to LESSEE. On completion of the Maintenance Charges mentioned hereinabove as and when demanded by financial year, THE LESSOR. 6.5 The Maintenance Charges shall be payable by the Due Date, in advance for each month in respect of which such Maintenance Charges would be payable. 6.6 The Maintenance Charges as specified in this Lease Deed are subject to increase of prices of diesel, gas, petroleum products and other consumables, electricity rates, taxes, wages and salaries, cost of annual maintenance contracts of lifts, DGs, HVAC supplies, transformers, panels etc. during the Lease Term and the Lease Renewal Term (if any). 6.7 After completion of a financial year (i.e. from 1st April of a calendar year to 31st March of the next calendar year), THE LESSOR or /its nominees / assigns will provide THE LESSEE, within a reasonable time period, a third party auditor LESSEE audited certificate of expenditure/ expenses expenditure towards maintenance charges Maintenance Charges incurred during such the said financial year. Any under-recovery by THE LESSOR or LESSOR/its nominees/assigns nominees shall become payable by THE LESSEE to THE LESSOR or its nominees/assigns /its nominees and any over-recovery by THE LESSOR or LESSOR/its nominees/assigns nominees shall become refundable by THE LESSOR/ or LESSOR/its nominees/assigns nominees to THE LESSEE. Any such payment by refund to THE LESSEE shall be without any interest and such payment shall be payable by either party within thirty (30) days of providing such third party auditor certificate and issuance of credit/ debit note (as applicable).

Appears in 1 contract

Samples: Lease Deed (Cvent Inc)

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Maintenance Charges. 6.1 The maintenance services for At present various maintenance, facilities and amenities within the Said said Plot / Said Complexsaid Building/Said BuildingDemised Premises and civic amenities in the said Complex where the Demised Premises/said Building are located are being maintained by THE LESSOR or DLF Utilities Limited (“DUL”), or any of the nominees/ assigns of THE LESSOR. Maintenance services are as set out in Annexure T-IV – VI to this Lease Deed, shall be provided by THE LESSOR or its nominees/ assigns, the estimated Maintenance Charges for charges of which shall be calculated prorata of the super built up area of the Demised Premises to the total super built-up area of the Property. 6.2 The Maintenance Charges for such maintenance services shall be paid are payable to THE LESSOR or its nominees/ assigns, in advance for each month, DUL or any other nominees / assigns of THE LESSOR by THE LESSEE as per the xxxx(s)/ invoice(s) bills raised by THE LESSOR or DUL or any of its nominees/ nominees/assigns. 6.3 . The maintenance charges for THE LESSEE’s office hours/extra office hours/ 24*7 operations excluding Public and National Holidays shall be calculated at 1.2 times the actual expenditure being incurred payable from the Lease Commencement Date/Date of Occupation. The maintenance charges will be as per Annexure XI (b). Maintenance Charges services on National Holidays can only be provided if THE LESSEE gets the requisite approval from the local administration/ competent authority(ies) and not otherwise. The maintenance charges shall be subject to deduction of Income Tax at source as applicable, from time to time. 6.4 Any . Additional charges towards Service Tax (es) and other taxes/ duties/ charges/ cesses / levy(ies) etc. taxes as applicable from time to time on Maintenance Charges including service tax maintenance charges, shall also be payable by THE LESSEE in addition to On completion of the Maintenance Charges mentioned hereinabove as and when demanded by financial year, THE LESSOR. 6.5 The Maintenance Charges shall be payable by the Due Date, in advance for each month in respect of which such Maintenance Charges would be payable. 6.6 The Maintenance Charges as specified in this Lease Deed are subject to increase of prices of diesel, gas, petroleum products and other consumables, electricity rates, taxes, wages and salaries, cost of annual maintenance contracts of lifts, DGs, HVAC supplies, transformers, panels etc. during the Lease Term and the Lease Renewal Term (if any). 6.7 After completion of a financial year (i.e. from 1st April of a calendar year to 31st March of the next calendar year), THE LESSOR or /its nominees / assigns will provide THE LESSEE, within a reasonable time period, a third party auditor LESSEE audited certificate of expenditure/ expenses expenditure towards maintenance charges Maintenance Charges incurred during such the said financial year. Any under-recovery by THE LESSOR or LESSOR/its nominees/assigns nominees shall become payable by THE LESSEE to THE LESSOR or its nominees/assigns /its nominees and any over-recovery by THE LESSOR or LESSOR/its nominees/assigns nominees shall become refundable by THE LESSOR/ or LESSOR/its nominees/assigns nominees to THE LESSEE. Any such payment by refund to In the event the building is already operational and THE LESSEE shall is carrying out the fit out works but does not utilize the central air conditioning for the Demised Premises during the fitout period; maintenance will be without any interest and such payment shall be payable by either party within thirty (30) days charged at 50% of providing such third party auditor certificate and issuance of credit/ debit note (the normal maintenance charges as applicable)mentioned above.

Appears in 1 contract

Samples: Lease Deed (Cvent Inc)

Maintenance Charges. 6.1 The At present various maintenance services for services, facilities and amenities within the Said said Plot / Said Complexsaid Building/Said BuildingDemised Premises and civic amenities in the said Complex where the Demised Premises/said Building are located are being maintained by THE LESSOR, or the nominees/ assigns of THE LESSOR. Maintenance services are as set out in Annexure T-IV — VI to this Lease Deed, shall be provided by THE LESSOR or its nominees/ assigns, the estimated Maintenance Charges for charges of which shall be calculated prorata of the super built up area of the Demised Premises to the total super built-up area of the Property. 6.2 The Maintenance Charges for such maintenance services shall be paid are payable to THE LESSOR or its nominees/ assigns, in advance for each month, nominees / assigns of THE LESSOR by THE LESSEE as per the xxxx(s)/ invoice(s) bills raised by THE LESSOR or its nominees/ nominees/assigns. 6.3 . The maintenance charges for normal office hours/extra office hours/ 24*7 operations excluding Public and National Holidays shall be calculated at 1.2 times the actual expenditure being incurred payable from the Lease commencement Date. The maintenance charges will be as per Annexure XI (b). Maintenance Charges services on National Holidays can only be provided if THE LESSEE gets the requisite approval from the local administration/ competent authority(ies) and not otherwise. The maintenance charges shall be subject to deduction of Income Tax at source as applicable, from time to time. 6.4 Any . Additional charges towards Service Tax (es) and other taxes/ duties/ charges/ cesses / levy(ies) etc. taxes as applicable from time to time on Maintenance Charges including service tax maintenance charges, shall also be payable by THE LESSEE in addition to LESSEE. On completion of the Maintenance Charges mentioned hereinabove as and when demanded by financial year, THE LESSOR. 6.5 The Maintenance Charges shall be payable by the Due Date, in advance for each month in respect of which such Maintenance Charges would be payable. 6.6 The Maintenance Charges as specified in this Lease Deed are subject to increase of prices of diesel, gas, petroleum products and other consumables, electricity rates, taxes, wages and salaries, cost of annual maintenance contracts of lifts, DGs, HVAC supplies, transformers, panels etc. during the Lease Term and the Lease Renewal Term (if any). 6.7 After completion of a financial year (i.e. from 1st April of a calendar year to 31st March of the next calendar year), THE LESSOR or /its nominees / assigns will provide THE LESSEE, within a reasonable time period, a third party auditor LESSEE audited certificate of expenditure/ expenses expenditure towards maintenance charges Maintenance Charges incurred during such the said financial year. Any under-recovery by THE LESSOR or LESSOR/its nominees/assigns nominees shall become payable by THE LESSEE to THE the LESSOR or its nominees/assigns /its nominees and any over-recovery overrecovery by THE LESSOR or LESSOR/its nominees/assigns nominees shall become refundable by THE LESSOR/ or LESSOR/its nominees/assigns nominees to THE LESSEE. Any such payment by refund to THE LESSEE shall be without any interest and such payment shall be payable by either party within thirty (30) days of providing such third party auditor certificate and issuance of credit/ debit note (as applicable).

Appears in 1 contract

Samples: Lease Deed (Virtusa Corp)

Maintenance Charges. 6.1 The At present various maintenance services for services, facilities and amenities within the Said said Plot / Said Complexsaid Building/Said BuildingDemised Premises and civic amenities in the said Complex where the Demised Premises/said Building are located are being maintained by THE LESSOR, or the nominees/ assigns of THE LESSOR. Maintenance services are as set out in Annexure T-IV — VI to this Lease Deed, shall be provided by THE LESSOR or its nominees/ assigns, the estimated Maintenance Charges for charges of which shall be calculated prorata of the super built up area of the Demised Premises to the total super built-up area of the Property. 6.2 The Maintenance Charges for such maintenance services shall be paid are payable to THE LESSOR or its nominees/ assigns, in advance for each month, nominees / assigns of THE LESSOR by THE LESSEE as per the xxxx(s)/ invoice(s) bills raised by THE LESSOR or its nominees/ assigns. 6.3 nominees/assigns for the respective phases. The maintenance charges for normal office hours/extra office hours/ 24*7 operations excluding Public and National Holidays shall be calculated at 1.2 times the actual expenditure being incurred payable from the Lease Commencement Date of the respective phases. The maintenance charges will be as per Annexure XI (b). Maintenance Charges services on Public & National Holidays can only be provided if THE LESSEE gets the requisite approval from the local administration/ competent authority(ies) and not otherwise. The maintenance charges shall be subject to deduction of Income Tax at source as applicable, from time to time. 6.4 Any . Additional charges towards Service Tax (es) and other taxes/ duties/ charges/ cesses / levy(ies) etc. taxes as applicable from time to time on Maintenance Charges including service tax maintenance charges, shall also be payable by THE LESSEE in addition to LESSEE. On completion of the Maintenance Charges mentioned hereinabove as and when demanded by financial year, THE LESSOR. 6.5 The Maintenance Charges shall be payable by the Due Date, in advance for each month in respect of which such Maintenance Charges would be payable. 6.6 The Maintenance Charges as specified in this Lease Deed are subject to increase of prices of diesel, gas, petroleum products and other consumables, electricity rates, taxes, wages and salaries, cost of annual maintenance contracts of lifts, DGs, HVAC supplies, transformers, panels etc. during the Lease Term and the Lease Renewal Term (if any). 6.7 After completion of a financial year (i.e. from 1st April of a calendar year to 31st March of the next calendar year), THE LESSOR or /its nominees / assigns will provide THE LESSEE, within a reasonable time period, a third party auditor LESSEE audited certificate of expenditure/ expenses expenditure towards maintenance charges Maintenance Charges incurred during such the said financial year. Any under-recovery by THE LESSOR or LESSOR/its nominees/assigns nominees shall become payable by THE LESSEE to THE the LESSOR or its nominees/assigns /its nominees and any over-recovery by THE LESSOR or LESSOR/its nominees/assigns nominees shall become refundable by THE LESSOR/ or LESSOR/its nominees/assigns nominees to THE LESSEE. Any such payment by refund to THE LESSEE shall be without any interest and such payment shall be payable by either party within thirty (30) days of providing such third party auditor certificate and issuance of credit/ debit note (as applicable).

Appears in 1 contract

Samples: Lease Deed (Virtusa Corp)

Maintenance Charges. 6.1 The maintenance services 5.1 In consideration of the Services provided by the Maintenance Agency and its appointed Property Manager in terms of the Article 4, the Occupant shall be liable to pay the Maintenance Agency for common area pertaining to the Premises, being used on 24 x 7 x 365 basis, the monthly Maintenance Charges calculated @ Rs. 21/- per sq ft. per month, for the Said Plot / Said Complex/Said Buildingperiod of one year from the date hereof, as set out subject however to any increase in Annexure T-IV to this Lease Deedthe cost of Diesel and electricity, which increase shall be provided borne solely by THE LESSOR or its nominees/ assignsthe Occupant, on pro-rata basis. However upon expiry of one year from the date hereof, the estimated Maintenance Charges for which shall be calculated prorata of the super built up area of the Demised Premises to the total super built-up area of the Property. 6.2 The Maintenance Charges for such maintenance services shall be paid to THE LESSOR or its nominees/ assigns, in advance for each month, as per the xxxx(s)/ invoice(s) raised by THE LESSOR or its nominees/ assigns. 6.3 The Maintenance Charges shall be subject to deduction calculated in accordance with Article 5.4 hereof. The aforesaid maintenance charges shall commence from 1st May 2004 or from date of Income Tax commencement of operations by the Occupant whichever is earlier("maintenance commencement date"). Maintenance for the first year of the Agreement is capped at source as applicable@ Rs. 21/- per sq ft. per month, from time to timebut may be lower in accordance with the calculation contained in Article 4. 6.4 Any other taxes/ duties/ charges/ cesses / levy(ies) etc. as applicable from time 5.2 That thereafter Maintenance Agency in order to time on Maintenance Charges including service tax ensure the quality of the Services and to meet the increased cost shall be payable by THE LESSEE in addition have the right to increase or revise the Maintenance Charges mentioned hereinabove as and when demanded by THE LESSORafter informing the occupant. The calculation of the billing shall be done on the basis of actual cost +20%. 6.5 5.3 The Maintenance Charges shall be payable by the Due DateOccupant shall include all the charges in providing Services to the Occupant but not limited to the following: (a) Open Area Maintenance Charges: These charges relate to maintenance of compound wall, in advance for each month in respect landscaping, electrification, water supply, tube well, sewerage, roads, paths and other services etc. within the Complex. (b) Common Areas Maintenance Charges: These charges relate to maintenance of which such Common Areas, basement, parking, terraces, refuge areas, lifts, fire fighting equipment and other services etc. inside the Complex. (c) Maintenance Charges would be payableof Basement and Services in the Basement: These charges shall relate to maintenance of basement which include electric sub-station, pumps, fire-fighting rooms, transformer, DG sets, water tanks and other services. 6.6 (d) Charges for security services. (e) Charges for operation and maintenance of all Common Equipment including electro-mechanical equipment and /or any other equipment installed for rendering Services which shall include central air conditioning plants / equipment, generators, lifts etc. in the Complex. (f) Charges of electricity for the parking area and external Common Areas etc. (g) Meter hire charges and a minimum demand charge if the consumption falls below the minimum demand as per the applicable schedule tariff. (h) Charges of maintenance for landscaping of open areas in the Complex. (i) Charges for cleaning, painting and replacement in Common Areas. (j) Charges for administrative staff and the maintenance staff in the Complex. (k) Charges for diesel and lubricants for DG sets for common areas. (l) Charges for replacements / refurbishing. (m) Charges for insuring the Complex, building shell & Common Equipment. (n) Sinking fund. (o) Other necessary / ancillary expenses incurred in providing the Services. 5.4 The calculation of maintenance charges to be billed to the Occupant shall be done in the following manner: A) Cost of entire maintenance services provided by the Maintenance Charges as specified in this Lease Deed are subject to increase of prices of diesel, gas, petroleum products and other consumables, electricity rates, taxes, wages and salaries, Agency per month; B) Total cost of annual electrical energy for the Complex as per the bill paid to Dakshin Haryana Bijli Vitran Nigam (DHBVN) by the Maintenance Agency and the coxx xx operation and maintenance contracts of liftsDG Set(s) including fuel, DGs, HVAC supplies, transformers, panels etc. during the Lease Term and the Lease Renewal Term (if any). 6.7 After completion of a financial year (i.e. from 1st April of a calendar year to 31st March of the next calendar year), THE LESSOR or its nominees / assigns will provide THE LESSEE, within a reasonable time period, a third party auditor certificate of expenditure/ expenses towards maintenance charges incurred during such financial year. Any under-recovery by THE LESSOR or its nominees/assigns shall become payable by THE LESSEE to THE LESSOR or its nominees/assigns and any over-recovery by THE LESSOR or its nominees/assigns shall become refundable by THE LESSOR/ or its nominees/assigns to THE LESSEE. Any such payment by refund to THE LESSEE shall be without any interest and such payment shall be payable by either party within thirty (30) days of providing such third party auditor certificate and issuance of credit/ debit note (as applicable).per month;

Appears in 1 contract

Samples: Lease Agreement (Greenfield Online Inc)

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