Examples of Service Agency Agreement in a sentence
The Trustee has entered into the Service Agency Agreement with the Service Agent as service agent of the Portfolio (as defined in the Service Agency Agreement).
The Service Charge Amount is also equivalent to the additional payment payable by the Sponsor to the Trustee (known as Supplementary Rental) under the Lease Agreement and the Service Agency Agreement.
The Trustee shall pay all payments incurred by the Sponsor in respect of the services performed in relation to the Lease Assets (known as Service Charge Amount) under the Service Agency Agreement.
The Supplementary Rental shall be payable annually in arrears at the anniversary of the Lease Term, but can be set-off against service charge for major maintenance and structural repairs rendered under the Service Agency Agreement (“Service Charge Amount”) payable by the Lessor under the Service Agency Agreement (as elaborated below).
The rental payable by the Sponsor comprises of the monthly rentals payable in respect of each of the Real Estate Assets (“Lease Rental”) together with any accrued service charge arising from the Service Agency Agreement referred to herein (“Supplementary Rental”).