Common use of Maintenance Charges Clause in Contracts

Maintenance Charges. At present various maintenance services, facilities and amenities within the said Plot / 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, or the nominees/ assigns of THE LESSOR. Maintenance services are as set out in Annexure — VI to this Lease Deed, charges of which are payable to THE LESSOR or nominees / assigns of THE LESSOR by THE LESSEE as per bills raised by THE LESSOR or its nominees/assigns. 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 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. Additional charges towards Service Tax (es) and other taxes as applicable on maintenance charges, shall also be payable by THE LESSEE. On completion of the financial year, THE LESSOR/its nominees will provide THE LESSEE audited certificate of expenditure towards Maintenance Charges incurred during the said financial year. Any under-recovery by THE LESSOR/its nominees shall become payable by THE LESSEE to the LESSOR /its nominees and any overrecovery by THE LESSOR/its nominees shall become refundable by LESSOR/its nominees to THE LESSEE.

Appears in 1 contract

Samples: Lease Deed (Virtusa Corp)

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Maintenance Charges. At present various maintenance services, facilities and amenities within the said Plot / said Building/Demised Premises and civic amenities in the said Complex where the Demised Premises/said Building are located are being maintained by THE LESSORLESSOR or DUL, or any of the nominees/ assigns of THE LESSOR. Maintenance services are as set out in Annexure VI to this Lease Deed, charges of which are payable to THE LESSOR or DUL or any other nominees / assigns of THE LESSOR by THE LESSEE as per bills raised by THE LESSOR or DUL or any of its nominees/assigns. 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 Commencement Date/Date of Occupation, whichever is earlier. The maintenance charges will be as per Annexure XI X (b). Maintenance 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. Additional charges towards Service Tax (es) and other taxes as applicable on maintenance charges, shall also be payable by THE LESSEE. On completion of the financial year, THE LESSOR/its nominees will provide THE LESSEE audited certificate of expenditure towards Maintenance Charges incurred during the said financial year. Any under-recovery by THE LESSOR/its nominees shall become payable by THE LESSEE to the THE LESSOR /its nominees and any overrecovery over-recovery by THE LESSOR/its nominees shall become refundable by THE LESSOR/its nominees to THE LESSEE.

Appears in 1 contract

Samples: Lease Deed (Cvent Inc)

Maintenance Charges. At present various maintenance servicesmaintenance, facilities and amenities within the said Plot / said Building/Demised Premises and civic amenities in the said Complex where the Demised Premises/said Building are located are being maintained by THE LESSORLESSOR or DLF Utilities Limited (“DUL”), or any of the nominees/ assigns of THE LESSOR. Maintenance services are as set out in Annexure VI to this Lease Deed, charges of which are payable to THE LESSOR or DUL or any other nominees / assigns of THE LESSOR by THE LESSEE as per bills raised by THE LESSOR or DUL or any of its nominees/assigns. The maintenance charges for normal 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 Commencement Date/Date of Occupation. The maintenance charges will be as per Annexure XI (b). Maintenance 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. Additional charges towards Service Tax (es) and other taxes as applicable on maintenance charges, shall also be payable by THE LESSEE. LESSEE On completion of the financial year, THE LESSOR/its nominees will provide THE LESSEE audited certificate of expenditure towards Maintenance Charges incurred during the said financial year. Any under-recovery by THE LESSOR/its nominees shall become payable by THE LESSEE to the THE LESSOR /its nominees and any overrecovery over-recovery by THE LESSOR/its nominees shall become refundable by THE LESSOR/its nominees to THE LESSEE. In the event the building is already operational and THE LESSEE 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 charged at 50% of the normal maintenance charges as mentioned above.

Appears in 1 contract

Samples: Lease Deed (Cvent Inc)

Maintenance Charges. At present various maintenance services, facilities and amenities within the said Plot / 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, or the nominees/ assigns of THE LESSOR. Maintenance services are as set out in Annexure - VI to this Lease Deed, charges of which are payable to THE LESSOR or nominees / assigns of THE LESSOR by THE LESSEE as per bills raised by THE LESSOR or its nominees/assigns. The maintenance charges for normal office hours/extra office hours/ 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 Commencement Date. The maintenance charges will be as per Annexure XI X (b). Maintenance 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. Additional charges towards Service Tax (es) and other taxes as applicable on maintenance charges, shall also be payable by THE LESSEE. On completion of the financial year, THE LESSOR/its nominees will provide THE LESSEE audited certificate statement of expenditure towards Maintenance Charges incurred during the said financial year. Any under-recovery by THE LESSOR/its nominees shall become payable by THE LESSEE to the LESSOR /its nominees and any overrecovery over-recovery by THE LESSOR/its nominees shall become refundable by LESSOR/its nominees to THE LESSEE.

Appears in 1 contract

Samples: Lease Deed (WNS (Holdings) LTD)

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Maintenance Charges. At present various maintenance services, facilities and amenities within the said Plot / 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, or the nominees/ assigns of THE LESSOR. Maintenance services are as set out in Annexure — VI to this Lease Deed, charges of which are payable to THE LESSOR or nominees / assigns of THE LESSOR by THE LESSEE as per bills raised by THE LESSOR or its nominees/assignsassigns 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 DateCommencement Date of the respective phases. The maintenance charges will be as per Annexure XI (b). Maintenance 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. Additional charges towards Service Tax (es) and other taxes as applicable on maintenance charges, shall also be payable by THE LESSEE. On completion of the financial year, THE LESSOR/its nominees will provide THE LESSEE audited certificate of expenditure towards Maintenance Charges incurred during the said financial year. Any under-recovery by THE LESSOR/its nominees shall become payable by THE LESSEE to the LESSOR /its nominees and any overrecovery over-recovery by THE LESSOR/its nominees shall become refundable by LESSOR/its nominees to THE LESSEE.

Appears in 1 contract

Samples: Lease Deed (Virtusa Corp)

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