Examples of Renovation Deposit in a sentence
For avoidance of doubt, the Owner(s) hereby agrees that the mere acceptance or receipt of the Renovation Deposit by the Management shall not in any way operate as a waiver of the Owner’s obligations to comply and fulfil all the rules and regulations herein contained.
Unexpended monies from the Renovation Deposit will be returned free of interest within after completion of renovation.
The MC or Manager may deduct a sum from the Renovation Deposit as penalty for unacceptable conduct of the Occupant(s)’ contractors or agents, such deduction to be determined by the MC and/or Manager.
The Renovation Deposit is to ensure that the Occupant(s) makes good all damages to the Common Property, the Building and/or the Said Land or any part thereof caused in the course of completing renovations and/or ensures that the Occupant(s)' contractors / agents conduct themselves in a reasonable manner and do not cause nuisance or inconvenience to others.
Selected notes to the condensed interim consolidated financial statements 11 F.
The MC and/or Manager may at their absolute discretion retain part or all of the Renovation Deposit to pay any costs incurred to make good damage to Common Property or the adjoining Parcels or any part of the Said Land if it is not immediately made good to the satisfaction of the MC or the Manager.
In the event that the Owner(s) requires any extension of time in excess of the Renovation Period, the Owner(s) shall pay a further sum calculated at the rate of ten per centum (10%) of the Renovation Deposit for every extended one (1) month or part thereof and the further sum so paid shall form part of the Renovation Deposit and be dealt with in accordance with the provision herein.
For accounting purposes, any gains or loss on the deemed disposal of CIPHL as a result of this transaction will be recorded in capital and other reserves as an equity transaction, however, as the exercise of option shares was effected shortly before the date of approval of this interim financial information, the Group is not yet in a position to disclose the financial impact of the deemed disposal.
Renovation Deposit in the initial amount of $1,500 (certified check or money order) made payable to “Queensview, Inc.”, which will be refundable when renovations are completed.
The Renovation Deposit shall be refunded without interest after deducting for any of the abovementioned costs and expenses whatsoever and subject to the satisfaction of the Management upon joint inspection that all the Rules and Regulations for Renovation have been properly complied with by the Proprietor and his/her contractor including workmen and any damage howsoever to the Common Property has been properly made good.