Electric Charges definition
Examples of Electric Charges in a sentence
Tenant shall pay as Tenant Electric Tenant’s Proportionate Share of Landlord’s Estimated Electric Charges in equal monthly installments on the first day of each month during the Term, together with the Base Rent, in advance, without notice or demand, subject to apportionment if applicable pursuant to Section 1.3(ii).
Tenant’s monthly obligations for Annual Base Rent, Increases in Real Estate Taxes, Increases in Operating Costs, and Electric Charges for January of 2024 shall be due and payable in accordance with and at the times required in the Lease.
The engineer’s estimate, and shall remain in effect until the Landlord furnishes the Tenant with a subsequent revised notice setting forth a new estimate of Tenant Electric Charges per month, based upon changes in tenancies, changes in consumption or changes in utilities expense during the same period.
Tenant shall be entitled to the benefit of any discounts or bulk rates actually received by Landlord for the electrical service constituting Tenant Electric Charges.
Additional Rent includes, without limitation, Tenant’s payment of Tenant’s Proportionate Share of Electric Charges in accordance with this Section 1.4.
Customs Duty not only limited to Import Duty, Import Value-added Tax, Import Consumption Tax, Anti-dumping Duty, Anti-subsidy Duty, Waste Electric Charges, Delayed Tax Interest.
If Tenant invokes the Electric Survey procedure set forth above for any given calendar year, Tenant shall pay all electric charges set forth in the Actual Electric Charges Statement as a condition precedent to dispute the same.
For the purposes of calculating Landlord’s Estimated Electric Charges and Electric Charges for the Initial Period, in the event that the Initial Period is less than one (1) calendar year, Landlord’s Estimated Electric Charges and the Electric Charges shall be calculated for the entire calendar year in which the Initial Period occurs and said amount shall be multiplied by a fraction, the numerator of which is the number of days in the Initial Period and the denominator of which is 365 days.
If, for any calendar year (or portion thereof in the case of the initial period) Tenant’s payment based on the Estimated Electric Charges, is in excess of the Actual Electric Charges, then Landlord shall refund to Tenant any overpayment due hereunder within thirty (30) days of Landlord’s determination of the amount of such refund.
During the Rent Concession Period, Tenant shall be responsible for the payment of janitorial charges at the rate of $1.35 per square foot per annum and Tenant Electric Charges.