Common use of Membership Fee, Security Deposit and Monthly Subscription Clause in Contracts

Membership Fee, Security Deposit and Monthly Subscription. The Buyer understands and accepts that (1) the Buyer does not have to pay any membership fee for membership of the Said Club as the Total Price includes the membership fee but future transferees of the Buyer may have to pay membership fee (2) the Buyer may have to pay a one-time interest free security deposit for use of credit facilities at the Said Club and (3) the Buyer will have to pay a fixed monthly subscription for membership of the Said Club, irrespective of whether the Buyer resides at the Said Flat, which shall be determined at the time of opening of the Said Club, at the sole discretion of the Developer and this shall be in addition to the Common Expenses/Maintenance Charges.

Appears in 3 contracts

Samples: Partnership Agreement, Property Transfer Agreement, Property Management & Real Estate

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Membership Fee, Security Deposit and Monthly Subscription. The Buyer Purchaser understands and accepts that (1) the Buyer Purchaser does not have to pay any separate membership fee for membership of the Said Club save and except the charges as the Total Price includes the membership fee mentioned in Clause 25.4 but future transferees of the Buyer purchasers may have to pay membership fee (2) the Buyer Purchaser may have to pay a at one-time interest free security deposit for use of credit facilities at the Said Club and (3) the Buyer will Purchaser shall have to pay a fixed monthly subscription for membership of the Said Club, irrespective of whether the Buyer Purchaser resides at the Said FlatUnit, which shall be determined at the time of opening of the Said Club, at the sole discretion of the Developer and this shall be in addition to the Common Expenses/Maintenance Charges.

Appears in 1 contract

Samples: Sale Agreement

Membership Fee, Security Deposit and Monthly Subscription. The Buyer understands and accepts that (1) the Buyer does not have to pay any membership fee for membership of the Said Club as the Total Price includes the membership fee but future transferees of the Buyer may have to pay separate amount towards membership fee (2) the Buyer may have to pay a one-time interest free security deposit for use of credit facilities at the Said Club and (3) the Buyer will have to pay a fixed monthly subscription for membership of the Said Club, irrespective of whether the Buyer resides at the Said Flat, which shall be determined at the time of opening of the Said Club, at the sole discretion of the Developer and this shall be in addition to the Common Expenses/Maintenance Charges.

Appears in 1 contract

Samples: Partnership Agreements

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Membership Fee, Security Deposit and Monthly Subscription. The Buyer understands and accepts that (1) the Buyer does not have to pay any membership fee for membership of the Said Club as the Total Price includes the membership fee but future transferees of the Buyer may have to pay separate amounts towards membership fee (2) the Buyer may have to pay a one-time interest free security deposit for use of credit facilities at the Said Club and (3) the Buyer will have to pay a fixed monthly subscription for membership of the Said Club, irrespective of whether the Buyer resides at the Said Flat, which shall be determined at the time of opening of the Said Club, at the sole discretion of the Developer and this shall be in addition to the Common Expenses/Maintenance Charges.

Appears in 1 contract

Samples: Transfer Agreement

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