Costs for Residents Club Sample Clauses

Costs for Residents Club. The costs for such management and maintenance shall be paid out of the charges collected for the Residents Club by the Vendor/Facility Manager/Association (upon formation), as the case may be. In case of any deficit, the same shall be payable by all the flat owners of the said Complex proportionately. Such deficit may be either recovered separately and/or be included in the Maintenance Charges at the option of Vendor/Facility Manager/Association (upon formation). The Vendor shall not be required under any circumstance to make any contribution towards the charges to be incurred for the management and/or maintenance of the Residents Club.
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