Maintenance Fund. Each purchaser/ flat owner shall make a payment of the advance maintenance fund (i.e., an amount equivalent to 24 (twenty-four) months’ maintenance charges) at the time of purchasing a flat in the Project (which is included in the total amount payable by each purchaser/ flat owner under this agreement. The Developer reserves the right to utilize the said advance maintenance fund in order to provide essential maintenance services in the Project till the time Association is formed. At the time of handover of the maintenance services to such Association by the Developer, the balance advance maintenance fund (if any) shall be transferred to the Association within 30 (thirty) days from the date of such handover.
Maintenance Fund. 1. The School District Board shall levy an additional tax of a minimum of one-half mill for each dollar of valuation for the maintenance of the Project, pursuant to, and in accordance with the requirements of Sections 3318.05 (B), 3318.06 (A)(2)(a) and (A)(3), and 3318.17, ORC.
2. In the alternative, the School District Board may elect, pursuant to Sections 3318.05 (C), and 3318.06 (A)(2)(b), ORC, to satisfy its local maintenance requirement by earmarking from the proceeds of an existing permanent improvement tax levied under Section 5705.21, ORC an amount equivalent to the amount of the additional tax described in Section IV (A)(1) above. The tax must be of at least two xxxxx for each dollar of valuation and eligible to be used for maintenance.
3. In the alternative, the School District Board may elect to satisfy its local maintenance requirement by applying the proceeds of a property tax or the proceeds of an income tax, or a combination thereof, pursuant to Section 3318.052, ORC.
4. In the alternative, the School District Board may, pursuant to Section 3318.061, ORC, extend a previously approved tax of one-half mill for each dollar of valuation levied as a condition of participating in a previous state school building assistance program by a number of years so that one-half mill will be collected for at least twenty-three years from the completion of this Agreement.
5. Pursuant to Section 3318.084, ORC, the School District Board may apply any local donated contribution as an offset of all or part of a district’s obligation to levy the tax described in Section IV (A)(1) above. The School District Board shall deposit in the maintenance fund any local donated contribution to serve as an offset of all or a portion of the amount that the Commission, in consultation with the Department of Taxation, determines is likely to be generated by a tax of one-half mill for each dollar of valuation over a period of twenty-three years. Pursuant to Sections 3318.08(E) and 3318.084(D)(2), ORC, the Commission may approve a stipulation by the School District Board that the Treasurer will have deposited the full amount of the maintenance fund requirement from local donated contributions by the anticipated completion date of the Project according to a schedule for deposit of such money approved by the Commission.
6. In the alternative, the School District Board may, pursuant to Section 3318.36 (D) (3), ORC, elect to delay levying the maintenance fund tax, or alternatively, ea...
Maintenance Fund. In order to maintain and improve the Lake Templene area, commencing May 1, 1973, and on May 1st of each year thereafter, the purchaser of each lot (or title holder, if title has been conveyed) shall pay forty-eight dollars ($48.00) to Lake Templene Maintenance Company, its successors or assigns. Funds so collected shall be used at the discretion of the Lake Templene Maintenance Company to maintain all dams, parks, bridle paths, beaches, regulate the lake level, pay salaries, and administrative costs and general beautification and betterment of Lake Templene. Annual payments shall be a lien on each lot; and, if not paid by July 15th of each year, may be noted by affidavit recorded with the Register of Deeds.
Maintenance Fund. Upon the execution of the Agreement the Owner agrees to contribute and maintain a Three Hundred Dollar ($300.00) expense fund to cover miscellaneous items for repair, maintenance, advertising, cleaning, or any function as needed. The fund is to be maintained by the Broker and will be automatically replenished from either the rent received or from a direct contribution from the Owner.
Maintenance Fund. The Grantor intends to set up a maintenance fund for the Mill Lane. Should the Grantee, or its successors in title, wish to join a communal lane maintenance fund (where available), intended to spread any maintenance payments in respect of Mill Lane, then they should contact the Grantor to agree the amount and regularity of the payments save that the Grantor shall not use any funds listed in Paragraph 5, Schedule 2 of this deed for any such fund without the consent of the Grantee or its successors in title.
Maintenance Fund. In order to provide a permanent fund to maintain, landscape and repair private streets (except those located on a privately owned lot), walkways, and like community areas in a clean and orderly fashion; provide for pest control when needed, and in general provide those services important to the development and preservation of an attractive community appearance, and further maintain the privacy and general safety of all waterfront or woodland areas, each owner of a lot in such waterfront or woodland areas shall pay annually to the Company the sum of one hundred (100) dollars, with said payment to be placed in an account for the use exclusively for the purposes hereinabove noted.
Maintenance Fund. 3.01 All land included and shown on the plats of Crested Butte South (except land reserved for community uses and purposes), whether owned by the Company or by others, shall be subject to an annual maintenance charge as set forth below. A purchaser of any lot within Crested Butte South who has not received a deed, but who has the right to receive one under a contract, shall be deemed an owner for the purposes of this section only.
3.02 Such annual maintenance charge shall be at the rate of $40.00 per year for each single family dwelling; $50.00 per year for each residential unit in a multi-family dwelling; $8.00 per year for each unimproved lot; and $100.00 per year for each commercial lot with a structure on it. Block 6 shall be considered to have 20 lots upon it for the purpose of this section.
3.03 The annual maintenance charge shall be payable each year hereafter commencing January 1, 1971, annually in advance, for the purpose of creating and maintaining a fund to be known as the Maintenance Fund. Such annual charge may be adjusted from year to year by the Committee in its absolute discretion as the needs of the Committee may require; but in no event shall any increase exceed 10% in any year without the affirmative vote of a majority of the then owners of lots, each owner being entitled to cast one vote for each lot owned by him.
3.04 The Committee shall apply the funds thus received, so far as the same may be adequate, to its costs and expenses in performing its duties. The Committee need not duplicate any service available from any governmental agency, public authority or improvement district.
3.05 The annual charge for maintenance shall be a lien or encumbrance on the land against which assessed, and the purchase of any such land shall be construed as a covenant to pay such charges. The Committee shall have the right and power to enforce the lien hereby imposed in its favor, to the same extent (including foreclosure and sale) and subject to the same procedure, as in the case of a mortgage under the applicable law; and may recover costs and attorney fees, as well as interest at the rate of 8% per annum from March 1 of the year in which due. The Committee shall send a written statement each year as soon as practicable stating the amount of the annual charge and unless the purchaser or owner shall pay the same by March 1, it shall be deemed delinquent. The lien reserved hereunder shall be subordinate to any trust deed, mortgage or mechanic's lien insof...
Maintenance Fund. Effective November 25, 1996 all employers signatory to this labor agreement with the Northern Indiana Chapter, NECA designated as their collective bargaining agent shall contribute effective May 31, 2021, $.18 per hour for each hour worked by each employee covered by this labor agreement to the Administrative Maintenance Fund. The monies are for the purpose of administration of the collective bargaining agreement, grievance handling and all other management duties and responsibilities in this agreement, the fund will be administered solely by the employers. The enforcement for delinquent payments to the fund is the sole responsibility of the Fund and not the Local Union. The Fund shall not be used in any manner detrimental to the Local Union or the IBEW.
Maintenance Fund each of the Existing Transactions and Future Transactions relating to a Delivery Vehicle calls for, or will call for, payments by Independent Contractors into a maintenance fund held by a Sponsor which is established solely in regard to such Delivery Vehicle, which payments are based on the total number of miles the Delivery Vehicle is driven per month by such Independent Contractor (each said fund is referred to a “Maintenance Fund” and the aforesaid payment contributions are referred to, collectively, as “Maintenance Contributions”).
Maintenance Fund. The Trustee shall establish and maintain a fund containing, in Pesos, the amounts described below (the “Maintenance Fund”). The Maintenance Fund shall be replenished with the funds from the sources and in accordance with the mechanism specified below:
(i) the amount corresponding to the Trustee’s fees for the provision of its services as established herein. For this purpose, the Trustee shall separate out, from the resources obtained as a result of the collection of the Collection Rights that are deposited in the Collection Account or from contributions made by the Trustor, the amounts necessary to pay the Trustee’s fees under the terms established herein. The respective retention shall be carried out by the Trustee with funds deposited during the month immediately preceding the date on which the respective payment must be made, on the understanding that if the amounts deposited in the Collection Account on that date are insufficient to pay the Trustee’s fees, the Trustee shall notify the Trustor and the Credit Agent, and the Trustor shall contribute the funds necessary to make said payment within no more than two Business Days of the date of said notification;
(ii) the amount corresponding to the fees payable to the Outside Auditor for the provision of his or her services as established herein, which shall be reasonable and in accordance with market terms. For this purpose, the Trustee shall separate out, from the resources obtained as a result of the collection of the Collection Rights that are deposited in the Collection Account or from contributions made by the Trustor, the amounts necessary to pay the Outside Auditor’s fees. The respective retention shall be carried out by the Trustee with funds deposited during the month immediately preceding the date on which the respective payment must be made, on the understanding that if the amounts deposited in the Collection Account on that date are insufficient to pay said fees, the Trustee shall notify the Trustor and the Credit Agent, and the Trustor shall contribute the funds necessary to make said payment within no more than two Business Days of the date of said notification. The Outside Auditor’s fees shall be paid by the Trustee for and by order of the Trustor and on the understanding that said fees must be reasonable and in accordance with market terms; [stamp:] LIC. G. XXXXXXXX XXXX XXXX UNITED MEXICAN STATES NOTARY’S OFFICE NO. 000 XXXXXXX XXXXXXXX, XXXXXX XXXXXXX XXXXXXXX XXXX XXXX NOTARY 131 OF THE ...