Interim Maintenance Period definition
Examples of Interim Maintenance Period in a sentence
During the Interim Maintenance Period, the maintenance and management of the Pond and the facilities thereat shall be done in the manner as shall be suitably devised by the Promoter.
The Sub Lessee, will be liable to bear and pay necessary maintenance charges inclusive of applicable taxes for the aforementioned Interim Maintenance Period for the maintenance of both the Common Areas ("Interim Maintenance Charges") and the Shared Common Facilities/ Township Level common Facilities ("Interim Shared Common Facilities Maintenance Charges"), which amounts are separately included in the Total Price/Lease Premium and shall be collectively referred to as the "Maintenance Charges".
The Allottee, will pay Maintenance Charges inclusive of applicable taxes for the aforementioned Interim Maintenance Period, based on the bills to be raised by the Promoter (“Interim Maintenance Charge”).
It is further clarified herein that, if required, a separate agreement/s will be entered into by and between the Parties containing the exhaustive terms and conditions to regulate the upkeep, security, maintenance and management of Common Areas, if any, and/or the Shared Common Facilities/Township Level Common Facilities for any period beyond the Interim Maintenance Period, if applicable.
The Rules/ Bye Laws to regulate the use and maintenance of the Common Areas and common facilities of the Project, including that of the RAC shall during the Interim Maintenance Period, be framed by the “Promoter".
It is hereby clarified that in case the Association is not formed even after the Interim Maintenance Period without any fault on the part of the Promoter and despite its repeated persuasion for the formation of the Association, then, there shall be separate agreement between the Promoter and the allottee(s) containing the exhaustive terms and conditions to regulate the upkeep, security, maintenance and management of Common Areas beyond the Interim Maintenance Period.
During the Interim Maintenance Period, ( i.e. the period prior to formation of the Association of Allottes and handing over of maintenance of Common Areas and Facilities of the Project, the Promoter shall run, operate, manage and maintain the Common Areas & Facilities.
The RAC shall be managed by the Promoter either by itself or through its nominee, during the Interim Maintenance Period.
During the Interim Maintenance Period, the Club as well as the Terrace Lounge shall be managed by the Promoter either by itself or through its nominee.
The Rules/ Bye Laws to regulate the use and maintenance of the Common Areas and common facilities of the Project, including that of the RAC shall during the Interim Maintenance Period, be framed by the Promoter.