Common Costs definition
Examples of Common Costs in a sentence
The costs of the MCSC Secretary are Common Costs and shall be shared as set forth in Article 15 of the Agreement.
The Sublessee will pay its Proportionate Share of the estimated Common Costs for each Lease Year on a monthly basis in advance during each Lease Year.
To the extent that the New Railway Operator’s average contribution to Common Costs per train kilometre for its relevant Train services is less than the Operator’s average contribution to Common Costs per train kilometre for its relevant Train Services, the Reduction Factor will be decreased in proportion to the relative contribution.
In the event that the actual Common Costs for such Lease Year are less than the Common Costs that had been estimated by the Homeowners Corporation or the Sublessor, the overpayment by the Sublessee shall be applied to the Common Costs payable to the Homeowners Corporation or the Sublessor, as the case may be, for the next Lease Year.
The Tenant shall pay to the Landlord as additional rent the Tenant's Proportionate Share of Common Costs in addition to the Basic Rent hereinbefore provided.