Direct Costs definition
Examples of Direct Costs in a sentence
If, however, the Statement indicates that amounts paid by Tenant on an estimated basis are greater than the actual amount of Tenant’s Proportionate Share of Direct Costs specified on the Statement, such overpayment shall be credited against ▇▇▇▇▇▇’s next installments of estimated payments, except that if such difference is determined after the end of the Term, Landlord shall refund such overpayment to Tenant within thirty (30) days after such determination.
During the Lease Term (as extended for the New Term), Tenant shall continue to pay all Additional Rent due under the Lease, including, without limitation, Tenant’s Proportionate Share of Direct Costs (which includes Tax Costs), and Tank Costs, electricity charges and all other utilities payable under Article 11 of the Lease, and all other Additional Rent and charges due under the Lease at the times and in the manner set forth in the Lease.
Even though the Term has expired and ▇▇▇▇▇▇ has vacated the Premises, when the final determination is made of Tenant’s Proportionate Share of the Direct Costs for the calendar year in which this Lease terminates, Tenant shall pay to Landlord an amount as calculated pursuant to the provisions of this Section 3(d) within thirty (30) days after ▇▇▇▇▇▇’s receipt of the Statement.
This abatement shall affect Basic Rental only and shall not affect Tenant’s obligation to pay Tenant’s Proportionate Share of Direct Costs, Tank Costs, electricity charges, and all other Additional Rent or any other charges payable by Tenant under the Lease during the Abatement Period.
Tenant agrees that this section shall be the sole method to be used by ▇▇▇▇▇▇ to dispute the amount of any Direct Costs payable by Tenant pursuant to the terms of this Lease, and Tenant hereby waives any other rights at law or in equity relating thereto.