Examples of Corpus Deposit in a sentence
The unused portion of the Corpus Deposit shall be transferred to the Association without interest when incorporated.
The amount of such Corpus Deposit payable shall be intimated by the Promoter/Transferor on or before possession date.
The Corpus Deposit shall be used by the Promoter/Transferor /Maintenance Company/Association for repair of the Project provided therein.
The said Maintenance Corpus Deposit after adjustment of dues, if any, will be transferred to the Apartment Owners’ Association/body after its formation without any interest.
The Allottee shall be required to pay to a sum of Rs«Corpus_Deposit25»/- (Rupees«Corpus_in_words» only) towards Maintenance Corpus Deposit which will be created for replacement, refurbishing, major repairs of the plants and equipments, and painting of external facade of the building at periodical intervals and also towards any unforeseen contingency in future.
The amount of such Corpus Deposit payable shall be intimated by the Promoter on or before possession date.
The cost of such maintenance has been included in the Total Price of the Apartment(in the form of Corpus Deposit) .
The Corpus Deposit shall be used by the Promoter /Association for repair of the Project or equipments provided therein.
The Corpus Deposit Amount which will be available with JSHPL will subsequently be handed over to the Association to be formed and will be deposited in a Term Deposit Account with State Bank of India (SBI) or any other Nationalised /Scheduled Bank and the interest so received against the same may be utilized for part financing/maintenance of the common areas in the Joyville Phase 1A.
The Corpus Deposit Amount which will be available with JSHPL will subsequently be handed over to the Association to be formed and will be deposited in a Term Deposit Account with State Bank of India (SBI) or any other Nationalised /Scheduled Bank and the interest so received against the same may be utilized for part financing/maintenance of the common areas in the Xxxxxxxx Xxxxx 0X.