Examples of Sinking Fund in a sentence
The Total Price includes an amount of Rs. /- for creation of Maintenance Corpus/ Sinking Fund towards creation of a maintenance corpus / sinking fund for major repairs, renovation and/or reconstruction of the Common Areas and Facilities of the Luxury Zone and Luxury portion of the Future Development and/or for similar other eventualities.
Notwithstanding the above, in the event the 2024 through 2026 Sinking Fund Projects extend beyond the term of this First Amendment, PMR shall provide its Services to LPS without any additional compensation in order to complete the Sinking Fund Projects, unless otherwise agreed to by the Parties in writing.
Property purchased that exceeds the sinking fund will be depreciated at the amount of purchase price plus interest less amount from the Sinking Fund.
The Parties shall periodically memorialize in writing the projects and Cost Of Work comprising the Sinking Fund Program for which PMR is providing Owner’s Representation Services.
For Owner’s Representative Services for LPS’ Sinking Fund Program, LPS shall pay PMR a Fixed Fee of Five Hundred and Forty Thousand and 00/100 Dollars ($540,000.00) due in Thirty Six (36) equal monthly installments of Fifteen Thousand and 00/100 Dollars ($15,000.00), plus actual Reimbursable Expenses, if any, invoiced at actual cost.