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.

  • 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 design can be modified and the objective function recomputed in an iterative process to find a design that minimises the objective function output.

  • 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.

  • The Project Maintenance Charges for a period of 2 (two) year from the deemed date of possession of the Apartment has already been collected by the Promoter, which is included in the Total Price of the Apartment.

  • 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.

  • 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;

  • 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:

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

  • 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.

  • 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.

  • 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.

  • 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.