Common use of Notional credits Clause in Contracts

Notional credits. Unless otherwise provided by this Deed, any income or receipt of whatever nature arising or which may arise from or is (in the Manager’s opinion) attributable to the Common Parts shall, in so far as it arises or will (as estimated by the Manager) arise from or is (in the Manager’s opinion) attributable to: (a) the Development Common Parts, be notionally credited to all the Units and be taken into account when preparing the section of future Budget(s) dealing with Development Management Expenses or used for covering Development Management Expenses or Estimated Development Management Expenses; (b) the Residential Common Parts, be notionally credited to all the Flats and be taken into account when preparing the section of future Budget(s) dealing with Residential Management Expenses or used for covering Residential Management Expenses or Estimated Residential Management Expenses; (c) the Upper Floors Common Parts, be notionally credited to all the Flats and Upper Floor Shops and be taken into account when preparing the section of future Budget(s) dealing with Upper Floors Management Expenses or used for covering Upper Floors Management Expenses or Estimated Upper Floors Management Expenses; or (d) the Shops Common Parts, be notionally credited to all the Shops and be taken into account when preparing the section of future Budget(s) dealing with Shops Management Expenses or used for covering Shops Management Expenses or Estimated Shops Management Expenses.

Notional credits. Unless otherwise provided by this Deed, if in the Manager’s opinion acting reasonably there is any income or receipt receivable of whatever nature arising or which may arise from or is (attributable to the Common Parts, such income or receivable shall in so far as in the Manager’s opinion) attributable to the Common Parts shall, in so far as it opinion acting reasonably arises or will (as estimated by the Manager) arise from or is (in the Manager’s opinion) attributable to: (a) the Development Common Parts, be notionally credited to all the Units and be taken into account when preparing the section of future Budget(s) dealing with Development Management Expenses or used for covering Development Management Expenses or Estimated Development Management Expenses; (b) the Residential Common Parts, be notionally credited to all the Flats Residential Units and be taken into account when preparing the section of future Budget(s) dealing with Residential Management Expenses or used for covering Residential Management Expenses or Estimated Residential Management Expenses; (c) the Upper Floors Parking Common Parts, be notionally credited to all the Flats Parking Spaces, and Upper Floor Shops all the Residential Units and be taken into account when preparing the section of future Budget(s) dealing with Upper Floors Parking Management Expenses or used for covering Upper Floors Parking Management Expenses or Estimated Upper Floors Parking Management Expenses; or (d) the Shops Commercial Common Parts, be notionally credited to all the Shops Commercial Accommodation and be taken into account when preparing the section of future Budget(s) dealing with Shops Commercial Management Expenses or used for covering Shops Commercial Management Expenses or Estimated Shops Commercial Management Expenses.

Notional credits. Unless otherwise provided by this Deed, any income or receipt of whatever nature arising or which may arise from or is (in the Manager’s opinion) attributable to the Common Parts shall, in so far as it arises or will (as estimated by the Manager) arise from or is (in the Manager’s opinion) attributable to: (a) the Development Common Parts, be notionally credited to all the Units and be taken into account when preparing the section of future Budget(s) dealing with Development Management Expenses or used for covering Development Management Expenses or Estimated Development Management Expenses; (b) the Residential Common Parts, be notionally credited to all the Flats Residential Units and be taken into account when preparing the section of future Budget(s) dealing with Residential Management Expenses or used for covering Residential Management Expenses or Estimated Residential Management Expenses; (c) the Upper Floors Platform 1 Towers Common Parts, be notionally credited to all the Flats and Upper Floor Shops Platform 1 Residential Units and be taken into account when preparing the section of future Budget(s) dealing with Upper Floors Platform 1 Towers Management Expenses or used for covering Upper Floors Platform 1 Towers Management Expenses or Estimated Upper Floors Platform 1 Towers Management Expenses; or; (d) the Shops Platform 1 Parking Common Parts, be notionally credited to all the Shops Platform 1 Parking Spaces, those Visitors’ Parking Spaces in Platform 1, bicycle parking spaces in the Development and those loading and unloading spaces in Platform 1 of the Development and be taken into account when preparing the section of future Budget(s) dealing with Shops Platform 1 Parking Management Expenses or used for covering Shops Platform 1 Parking Management Expenses or Estimated Shops Platform 1 Parking Management Expenses; (e) the Platform 2 Towers Common Parts, be notionally credited to all the Platform 2 Flats and be taken into account when preparing the section of future Budget(s) dealing with Platform 2 Towers Management Expenses or used for covering Platform 2 Towers Management Expenses or Estimated Platform 2 Towers Management Expenses; (f) the Platform 2 Parking Common Parts, be notionally credited to all the Platform 2 Parking Spaces, those Visitors’ Parking Spaces in Platform 2, Platform 2 Houses and those loading and unloading spaces in Platform 2 of the Development and be taken into account when preparing the section of future Budget(s) dealing with Platform 2 Parking Management Expenses or used for covering Platform 2 Parking Management Expenses or Estimated Platform 2 Parking Management Expenses; (g) the Platform 3 Houses Common Parts, be notionally credited to all the Platform 3 Houses and be taken into account when preparing the section of future Budget(s) dealing with Platform 3 Houses Management Expenses or used for covering Platform 3 Houses Management Expenses or Estimated Platform 3 Houses Management Expenses; and (h) the Platform 3 Parking Common Parts, be notionally credited to all the Platform 3 Houses and those Visitors’ Parking Spaces in Platform 3 and be taken into account when preparing the section of future Budget(s) dealing with Platform 3 Parking Management Expenses or used for covering Platform 3 Parking Management Expenses or Estimated Platform 3 Parking Management Expenses.

Notional credits. Unless otherwise provided by this Deed, any income or receipt of whatever nature arising or which may arise from or is (in the Manager’s opinion) attributable to the Common Parts shall, in so far as it arises or will (as estimated by the Manager) arise from or is (in the Manager’s opinion) attributable to: (a) the Development Common Parts, be notionally credited to all the Units and be taken into account when preparing the section of future Budget(s) dealing with Development Management Expenses or used for covering Development Management Expenses or Estimated Development Management Expenses; (b) the Residential Common Parts, be notionally credited to all the Flats and be taken into account when preparing the section of future Budget(s) dealing with Residential Management Expenses or used for covering Residential Management Expenses or Estimated Residential Management Expenses; (c) the Upper Floors Parking Common Parts, be notionally credited to all the Parking Spaces and all the Flats and Upper Floor Shops and be taken into account when preparing the section of future Budget(s) dealing with Upper Floors Parking Management Expenses or used for covering Upper Floors Parking Management Expenses or Estimated Upper Floors Parking Management Expenses; or (d) the Shops Common Parts, be notionally credited to all the Shops and be taken into account when preparing the section of future Budget(s) dealing with Shops Management Expenses or used for covering Shops Management Expenses or Estimated Shops Management Expenses.