PM Fee definition
Examples of PM Fee in a sentence
During the Decoration Period, Party B does not need to pay the rent specified in Article 4.1 above, but must pay the PM Fee and other related expenses.
Party B shall pay the PM Fee and the main maintenance fund in the form of cheque or bank transfer.
During the lease term, neither Party shall request an increase or decrease in the rent and the PM Fee based on any error in the construction area of the Property, nor shall it claim any liability for breach of contract against the other Party on this ground.
The current PM Fee shall be calculated based on the rented area (building area), at a rate of RMB20 per square meter per month, that is, the monthly PM Fee payable for the Property shall be RMB10,601; the current main maintenance fund is calculated based on the rented area (building area), at a rate of RMB0.35 per square meter per month, that is, the monthly main maintenance fund payable for the Property is RMB186.
If Party B delays to return the Property without the written consent of Party A or a written agreement with Party A on renewal or extension, the Lease Deposit and other advance payments (if any) shall be owned by Party A, and for each day overdue, Party B shall pay Party A a use fee, equal to double of the rent rate, namely RMB456 per square meter per month, the PM Fee and any other expenses of the Property during the occupation period of the Property.
The PM Fee shall be calculated and payable as set out in Part 1 of Schedule “B”.
If Party B chooses early termination of the Lease Agreement and the Agreement, Party A shall return the Lease Deposit and the prepaid rent and PM Fee (interest-free), which have been paid by Party B, to Party B within 20 days from the date when the Lease Agreement and the Agreement are terminated prematurely in accordance with this paragraph.
For the Services, the Owner shall pay the PM Fee to the Project Manager.
The Trustee’s governance rights should rarely be exercised, provided Aurizon Network performs its PM duties competently, and will facilitate Aurizon Network’s initial and subsequent projections of cost and time outcomes for the project, and with the PM Fee as an incentive, provide greater security of delivering against the target availability, completion dates and target costs specified in the PMA.
A Schedule (“Schedule A”) annexed to this Agreement will outline the roster for individual bases.