Renovation Deposit definition

Renovation Deposit means the renovation deposit (if any) referred to in the Offer Letter or the Side Letter(s), if any.

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.

Related to Renovation Deposit

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Reserve Fund Initial Deposit means the initial deposit of cash in the amount of $3,846,153.85 made by or on behalf of the Seller into the Reserve Fund on the Closing Date.

  • Initial Deposit shall have the meaning set forth in Section 2.5(a).

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Earnest Money Deposit (EMD) means Bid Security/ monetary or financial guarantee to be furnished by a tenderer along with its tender.

  • Escrow Deposit shall have the meaning set forth in Section 2.2(a).

  • Earnest Money Deposit (EMD) means the refundable amount to be submitted by the Bidder along with RFP documents to NMRC

  • Initial Deposit Amount means the Issuing Entity’s deposit to the Reserve Account, on or before the Closing Date, of $[•].

  • Replacement Reserve Monthly Deposit shall have the meaning set forth in Section 7.3.1 hereof.

  • Full Deposit will consist of data that reflects the state of the registry as of 00:00:00 UTC (Coordinated Universal Time) on the day that such Full Deposit is submitted to Escrow Agent.

  • Term deposit means a deposit received by the bank for a fixed period withdrawable only after the expiry of the fixed period and includes deposits such as Recurring / Double Benefit Deposits / Short Deposits / Fixed Deposits /Monthly Income Certificate / Quarterly Income Certificate etc.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Imposition Deposits are defined in Section 7(a).

  • Additional Deposit shall have the meaning set forth in Section 2.2.2.

  • Spread Account Initial Deposit means an amount equal to 2.0% of the aggregate Principal Balance of the Receivables on the Cutoff Date (which is equal to $21,505,439.97).

  • Security Deposit means the deposit to be held by the owner as security for the due performance of the contractual obligations.

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $3,807,950.53.

  • Adjustment Escrow Account means the escrow account established pursuant to the Escrow Agreement in respect of the Adjustment Escrow Amount.

  • Cash Deposit means a cash security deposit in U.S. dollars held by AT&T-21STATE.

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • Direct Deposit Disbursement Requests for the Closing Disbursement(s) to be deposited into an account at Xxxxx Fargo Bank, N.A. must specify the amount and applicable account. Each account included in any such Disbursement Request must be listed below. Name on Deposit Account: Xxxxx Fargo Bank, N.A. Deposit Account Number: Further Credit Information/Instructions: Disbursements of Loan Proceeds Subsequent to Loan Closing/Origination Subsequent Disbursement Authorizers: Administrative Agent is authorized to accept one or more Disbursement Requests from any of the individuals named below (each, a “Subsequent Disbursement Authorizer”) to disburse Loan proceeds after the date of the Loan origination/closing and to initiate Disbursements in connection therewith (each, a “Subsequent Disbursement”): Individual’s Name Title 1.

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Required Repair Account shall have the meaning set forth in Section 7.1.1 hereof.

  • Initial Reserve Account Deposit Amount means an amount equal to $29,411,740.05.