Common use of Utility Area Charges Clause in Contracts

Utility Area Charges. a. Apart from the area mentioned, the additional area on terrace and the ground floor or elsewhere (to the extent available and provided subject to technical feasibility) for the installation of utilities and services such as water tanks, AC plants, Generators, etc. shall be charged additionally, on annual basis. The Licensee shall accept the area made available for utilities and services by the MAHA-METRO against written request from the Licensee. No part payment or instalments will be allowed in this regard. b. The area provided to licensee, for installation of utilities, shall be charged on half-yearly basis and shall be as follows – License Fees for Utility Area = 50% of Prevailing License Fee per Xx.xx. per month, computed after considering applicable escalation X Actual Utility area being handed over to Licensee for installation of utilities. X 06 months

Utility Area Charges. a. Apart from the area mentioned, the additional area on terrace and the ground floor or elsewhere (to the extent available and provided subject to technical feasibility) for the installation of utilities and services such as water tanks, AC plants, Generators, etc. shall be charged additionally, on annual basis. The Licensee shall accept the area made available for utilities and services by the MAHA-METRO against written request from the Licensee. No part payment or instalments will be allowed in this regard. b. The area provided to licensee, for installation of utilities, shall be charged on half-yearly basis and shall be as follows – Annual License Fees for Utility Area = 50% of Prevailing License Fee per Xx.xxSqft. per month, computed after considering applicable escalation X * Actual Utility area being handed over to Licensee for installation of utilities. X 06 * 12 months