Billbacks definition

Billbacks shall have the meaning assigned thereto in Section 5.4(b)(vi).
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Billbacks means, with respect to each Lease, a reimbursement from the Tenant to Seller paid for electricity charges, after-hours HVAC charges and other work order income which are paid or incurred by the landlord under the Lease and to which the landlord is entitled to reimbursement from the Tenant; provided, however, that Billbacks do not include expenses included in “Annual Rental Adjustment” (as defined in the Leases). Billbacks are invoiced to Tenant by Seller on a trailing basis; e.g., amounts paid or incurred by the landlord relating to the month of January are billed to Tenant in mid- or late-February and are due and payable from Tenant immediately
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Examples of Billbacks in a sentence

  • All amounts payable by the Supplier to the Distributor in respect of Billbacks (as defined in Exhibit C) shall be paid by separate check and shall not be credited or deducted from Supplier’s invoices without the Supplier’s prior written consent in the event that the billback is not disputed and a payment has not been made then the Distributor has the right to apply the billback to the oldest outstanding amount due.

  • Effective Bill-backs and e-Commerce Systems We have the ability to provide bill-back facilities for all segments of travel.

  • Purchaser shall promptly provide Seller any information in Purchaser’s possession that is reasonably necessary for Seller to invoice Tenants for Billbacks for electricity and after-hours HVAC.

  • Therefore, CT may receive Billbacks up to 12 (twelve) months after services were rendered.