Project Maintenance Charges definition

Project Maintenance Charges shall, including but not limited to the charges and expenses listed out hereinbelow, mean the following:
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Project Maintenance Charges. The Allottee shall pay in advance to the Promoter (including any agency nominated by it) or the Project Association, as the case may be, such charges at such rate as may be decided by the Promoter/Project Association from time to time by the 7th (seventh) of each month in advance without any abatement ("Project Maintenance Charges") for the maintenance of the Project Common Areas. The Project Maintenance Charges shall remain liable to increase from time to time by the Promoter/Project Association. So long as the maintenance of the Project Common Areas are not handed over to the Project Association, the maintenance activities will be operated by the Promoter or its nominated agency on a "cost plus" basis to ensure a reasonable return for the effort to be made in respect of the maintenance. The Project Maintenance Charges for a period of 2 (Two) year [“the Project Maintenance Deposit”] from the deemed date of possession of the Apartment in terms of the Allotment Letter is included in the Total Price of the Apartment/Retail Unit/Office Unit. After the expiry of the said 2 (Two) years period, the Allottee shall be entitled to refund of the the Project Maintenance Deposit. The Allottee shall pay the monthly Project Maintenance Charges to the Promoter or it's nominated agency (ies) or to the Project Association, as the case may be, on and from the date of possession/the date of deemed possession by the seventh day of each month in advance without any demur and delay. The Association, when formed, shall be owned and controlled by the owners/occupiers of the Residential Block and the Commercial Block proportionately and all its decisions shall be by majority of votes according to proportionate interest/share, and not number of members. The owners/occupiers (including the Purchaser) may amend and/or modify the rules and regulations of the Association by three-fourths majority subject to the condition that no amendment or modification shall be valid if it is contrary to or in violation of any of the terms and conditions contained in these presents and the Deeds of Conveyance executed by the Transferors in favour of the Unit Owners. It may be clarified that the billing for the maintenance of the Commercial Block and the Residential Block shall be done separately by the maintenance agency since both the blocks are independent and autonomous of each other. Notwithstanding anything mentioned herein, it may be clarified that during emergency no restriction of use of the ...
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Examples of Project Maintenance Charges in a sentence

  • The Project Maintenance Charges shall remain liable to increase from time to time by the Developer/Project Association.

  • Since the 25(OH)D levels will not be affected by a pseudo-randomization and non-blinding strategy, it has been chosen to secure privacy of the participants and prioritize a sufficient sample size, and blinding is compromised.

  • Before taking over the possession of the Apartment, the Allottee will pay to the Promoter an interest-free security deposit amount towards the Project Maintenance Charges and Shared Common Areas Maintenance Charges calculated on the basis of 2 (two) year’s maintenance charges and have been included in the Total Price of the Apartment herein (“Maintenance Security Deposit”).

  • After the expiry of the said 2 (two) year period, the Allottee shall be liable to pay the monthly Project Maintenance Charges to the Promoter or it’s nominated agency (ies) or to the Project Association, as the case may be.

  • The Project Maintenance Charges for a period of 1 (one)year from the Deemed Date of Possession of the Apartment in terms of the Agreement will be collected by the Developer, which is included in the Total Price of the Apartment.

  • As I mentioned at the Council meeting, we also have design guidelines to help influence the design of new buildings in the downtown core.

  • After the expiry of the said 1 (one) year period, the Allottee shall be liable to pay the monthly or Quarterly Project Maintenance Charges to the Developer or it’s nominated agency (ies) or to the Project Association, as the case may be.

  • The Project Maintenance Charges shall remain liable to increase from time to time by the Promoter/ Project Association.

Related to Project Maintenance Charges

  • Maintenance Charges means the charges payable by the applicant to the Maintenance Agency in accordance with the demand raised by the Maintenance Agency for the maintenance and up keep of the said building/ said complex, including common areas and facilities but does not include; (a) the charges for actual consumption of utilities in the Dwelling Unit including but not limited to electricity, water, which shall be charged based on actual consumption on monthly basis and (b) any statutory payments, taxes, with regard to the Dwelling Unit/ said building/said complex.

  • Maintenance Costs means parts and materials, sublet and labour costs of a qualified licensed mechanic for the maintenance of the Revenue Service Vehicles, but shall not include costs associated with interior and exterior transit advertising signs and non-mechanical servicing of Revenue Service Vehicles such as fuelling, clearing fareboxes, cleaning and painting wheel rims, vehicle washing and other work performed by a serviceman; and,

  • Yield Maintenance Charge With respect to any Mortgage Loan or Serviced Companion Loan, the yield maintenance charge or prepayment premium, if any, payable under the related Note in connection with certain prepayments.

  • Operation and Maintenance Costs means the costs of:

  • Operation and Maintenance Expenses or ‘O&M expenses' means the expenditure incurred on operation and maintenance of the project, or part thereof, and includes the expenditure on manpower, repairs, spares, consumables, insurance and overheads;

  • Scheduled Maintenance means any adjustment, repair, removal, disassembly, cleaning, or replacement of components or systems required by the manufacturer which is performed on a periodic basis to prevent part failure or equipment or engine malfunction, or anticipated as necessary to correct an overt indication of malfunction or failure for which periodic maintenance is not appropriate.

  • Maintenance Fees means the non-refundable fees payable annually by Licensee to OT for Support Services;

  • Routine maintenance means actions performed on a regular or controllable basis or in response to uncontrollable events upon a highway, road, street, or bridge. Routine maintenance includes, but is not limited to, 1 or more of the following:

  • Yield Maintenance Premium means the amount (if any) which, when added to the remaining principal amount of the Note or the principal amount of a Defeased Note, as applicable, will be sufficient to purchase U.S. Obligations providing the required Scheduled Defeasance Payments.

  • Spread Maintenance Premium means, with respect to any payment or prepayment, an amount equal to the product of the following: (i) the LIBOR Margin, the Alternate Rate Spread or the Base Rate Spread then applicable to each such future installment of interest, multiplied by (ii) the principal amount of the Loan so prepaid, and multiplied by (iii) a fraction, the numerator of which is the number of days following the date through which interest on the prepaid amount has been paid through and including December 14, 2019, and the denominator of which is 360.

  • Planned Maintenance means any Maintenance BT has planned to do in advance.

  • AMPS Basic Maintenance Amount, as of any Valuation Date, means the dollar amount equal to (i) the sum of (A) the product of the number of shares of AMPS and Other AMPS Outstanding on such Valuation Date multiplied by the sum of (a) $25,000 and (b) any applicable redemption premium attributable to the designation of a Premium Call Period; (B) the aggregate amount of cash dividends (whether or not earned or declared) that will have accumulated for each share of AMPS and Other AMPS Outstanding, in each case, to (but not including) the end of the current Dividend Period that follows such Valuation Date in the event the then current Dividend Period will end within 49 calendar days of such Valuation Date or through the 49th day after such Valuation Date in the event the then current Dividend Period will not end within 49

  • Monthly Maintenance Statement shall have the meaning set forth in Clause 19.6;

  • Maintenance area means any geographic region of the United States previously designated nonattainment pursuant to the CAA Amendments of 1990 and subsequently redesignated to attainment subject to the requirement to develop a maintenance plan under Section 175A of the CAA, as amended.

  • Deferred Maintenance means improvements necessary for continued operations, which do not improve productivity or alter the process technology.

  • Utility Charges means water, sewer, electricity, gas and other utility charges, if any, applicable to the Real Property or the Leased Real Property;

  • Software Maintenance means the process of modifying software after delivery to correct faults, improve performance or other attributes, or adapt to a changed environment. (Reference ISO/IEC 14764:2006, as amended or superseded.) Software maintenance does not include any customization or configuration.

  • Yield Maintenance Amount means, with respect to any Note, an amount equal to the excess, if any, of the Discounted Value of the Called Principal of such Note over the sum of (i) such Called Principal plus (ii) interest accrued thereon as of (including interest due on) the Settlement Date with respect to such Called Principal. The Yield-Maintenance Amount shall in no event be less than zero.

  • Service Charges means the fees levied by the municipality in terms of its tariff policy for any municipal services rendered in respect of an immovable property and includes any penalties, interest or surcharges levied or imposed in terms of this policy.

  • Yield Maintenance Period means the period from and including the date of this Note until but not including the Scheduled Initial Maturity Date.

  • Installation Charges means those Charges set out in the Order in relation to installation of the Service and/or any Purchased Equipment, Customer Equipment and/or BT Equipment as applicable.

  • Maintenance Fee means any fee, obligation, or

  • Maintenance work means the repair of existing facilities when the size, type or extent of such facilities is not thereby changed or increased. While “maintenance” includes painting and decorating and is covered under the law, it does not include work such as routine landscape maintenance or janitorial services.

  • Operation and Maintenance or “O&M” shall mean all activities required to operate, maintain, and monitor the effectiveness of the RA as specified in the SOW or any EPA-approved O&M Plan.

  • Generator Maintenance Outage means the scheduled removal from service, in whole or in part, of a generating unit in order to perform necessary repairs on specific components of the facility, if removal of the facility meets the guidelines specified in the PJM Manuals.

  • Electricity Charges means service charges in respect of the provision of electricity.