Electricity Rent Inclusion Factor definition

Electricity Rent Inclusion Factor. (hereinafter defined and sometimes called the "ERIF") to compensate Owner for the electrical wiring and other installations necessary for, and for its obtaining and making available to Tenant the redistribution of electric current to the demised premises as additional service, and (ii) the ERIF shall be subject to periodic adjustments as hereinafter provided. The Electricity Rent Inclusion Factor shall mean (x) the amount determined by multiplying Owner's Cost by Tenant's average kilowatt hour and average kilowatt demand usage (determined by the most recent survey under this subdivision (2), or (y) if no such survey has yet been made, the average on a per rentable square foot basis of the charges for electric current to the demised premises pursuant to subdivision (1) of this Section B (exclusive of the Overhead Charge) for the twelve (12) full calendar months preceding the month in which the provisions of this subdivision (2) shall become effective, multiplied by number of square feet of rentable area of the demised premises, plus twelve (12%) percent of the resulting total. If the provisions of this subdivision (2) shall be effective prior to the expiration of a period of twelve (12) full consecutive months during which Tenant is paying for electric energy to the demised premises pursuant to said subdivision (1) of this Article (and no survey has yet been made under this subdivision (2)), so that the ERIF cannot be determined in the manner described in the preceding sentence, then the Electricity Rent Inclusion Factor shall mean the amount determined by multiplying Owner's Cost by Tenant's average kilowatt hour and average kilowatt demand usage determined by the estimate of an electrical consultant selected by Owner, plus twelve (12%) percent of the resulting total. When a survey has been made by the electrical consultant selected by Owner (the "Consultant"), the parties shall make adjustment for any deficiency owed by Tenant or any overage paid by Tenant. If after the first day of any relevant period for which either of the aforesaid computations is made there is an increase or decrease in Owner's Cost then, the ERIF for such relevant period shall be recomputed, effective on and after the change in Owner's Cost, by applying such changed rate and/or charges to the aforedescribed consumption and demand. Notwithstanding the foregoing, on the Commencement Date, the ERIF shall be $2.50 per square foot of rentable area in the demised premises. The parties agr...
Electricity Rent Inclusion Factor means the amount determined by applying the estimated connected electrical load and usage thereof in the Demised Premises (as the same may hereafter from time to time be determined by Landlord’s electrical consultant as hereinafter provided) to the rate charged for such load and usage in the service classification in effect on January 1, 1995 pursuant to which Landlord then purchased electric current for the entire Building from the public utility corporation. If the cost to Landlord of electricity shall have been, or shall be, increased subsequent to January 1, 1995 (whether such increase occurs prior to or during the Term of this Lease), by change in Landlord’s electric rates, charges, fuel adjustment, or service classifications, or by taxes or charges of any kind imposed thereon, or for any other such reason, then the aforesaid ERIF portion of the fixed rent shall be increased in the same percentage and the fixed rent shall be increased accordingly.
Electricity Rent Inclusion Factor means the amount determined by applying the estimated connected electrical load and usage thereof in the demised premises (as determined by the electrical consultant as hereinafter provided) to the rate charged for such load and usage in the service classification in effect on January 1, 1998, pursuant to which Landlord then purchased electric current for the entire Building from the public utility corporation. If the cost to Landlord of electricity shall have been, or shall be, increased subsequent to January 1, 1998 (whether such increase occurs prior to or during the term of this Lease), by change in Landlord's electric rates, charges, fuel adjustment, or service classifications, or by taxes or charges of any kind imposed thereon, or for any other such reason, then the aforesaid ERIF portion of the fixed annual rent shall be increased in the same percentage and the fixed annual rent provided herein shall be increased accordingly.

Examples of Electricity Rent Inclusion Factor in a sentence

  • If and so long as Landlord provides electricity to the demised premises on a rent inclusion basis, Tenant agrees that the fixed annual rent shall be increased by the amount of the Electricity Rent Inclusion Factor ("ERIF"), as hereinafter defined.

  • If and so long as Lessor provides electricity to the demised premises on a rent inclusion basis, Lessee agrees that the fixed annual rent shall be increased by the amount of the Electricity Rent Inclusion Factor ("ERIF"), as hereinafter defined.

  • If and so long as Landlord provides electricity to the demised premises on a rent inclusion basis, Tenant agrees that the fixed annual rent shall be increased by the amount of the Electricity Rent Inclusion Factor ("ERIF), as hereinafter defined.

  • For so long as Landlord elects to provide electricity to the Premises on a rent inclusion basis, Tenant agrees that the Minimum Rent shall be increased by the amount of the Electricity Rent Inclusion Factor (" ERIF"), which is currently One and 75/100 Dollars ($1.75) per square foot of the Rentable Area per annum.

  • An amount per annum, payable in equal monthly installments, equal to the product of (a) Subtenant’s Contribution Share times (b) the Electricity Rent Inclusion Factor (“ERIF”) in force from time to time under the Overlease.

  • Lessee agrees that the fixed annual rent shall be increased by the amount of the Electricity Rent Inclusion Factor ("ERIF"), as hereinafter defined.

  • Our choice was also conditioned by the type of available data (precipitation, potential evapotranspiration and streamflow), a minimum time series length of 30 years and the degree of preprocessing (especially spatial aggregation to catchment area) to allow for a multi-catchment approach.

  • Se entiende por «Unidad Básica de Envejecimiento» (UBE), la vejez devengada por un litro de alcohol absoluto después de permanecer en las correspondientes vasijas de envejecimiento durante un año.

  • Representing (i) 2,845,465 Class A ordinary shares held by Nine F Capital Limited; and (ii) 3,240,000 Class A ordinary shares that Nine F Capital Limited may purchase upon exercise of options within 60 days as of December 31, 2021.


More Definitions of Electricity Rent Inclusion Factor

Electricity Rent Inclusion Factor means the amount determined by applying the estimated connected electrical load and usage thereof in the Demised Premises (as determined by the electrical consultant as hereinafter provided) to the rate charged for such load and usage in the service classification in effect on September 1, 1991 pursuant to which Landlord then purchased electric current for the entire Building from the public utility corporation, which, as set forth in this Section 17.02, Landlord and Tenant initially agree is $9,240.00. If the cost to Landlord of electricity shall have been, or shall be, increased subsequent to September 1, 1991 (whether such increase occurs prior to or during the term of this Lease), by change in Landlord's electric rates, charges, fuel adjustment, or service classifications, or by taxes or charges of any kind imposed thereon, or for any other such reason, then the aforesaid ERIF portion of the Fixed Rent shall be increased in the same percentage.
Electricity Rent Inclusion Factor. (hereinafter defined and sometimes called the "ERIF") to compensate Landlord for the electrical wiring and other installations necessary for, and for its obtaining and making available to Tenant the redistribution of electric current to the demised premises as additional service, and (ii) the ERIF shall be subject to periodic adjustments as hereinafter provided. The "Electricity Rent Inclusion Factor" shall mean (x) the average on a per rentable square foot basis of the charges for electric current to the demised premises pursuant to subdivision 1 of this Article 46 (exclusive of the Overhead Charge) for the twelve (12) full calendar months preceding the month in which the provisions of this subdivision 2 shall become effective, multiplied by 23,976 plus six (6%) percent of the resulting total, or (y), if a complete twelve (12) calendar month period of office occupancy which accurately reflects Tenant's electrical usage in the demised premises is not available, then the amount determined by multiplying Landlord's Cost by Tenant's average kilowatt hour and average kilowatt demand usage (determined by a survey under this subdivision 2). If the provisions of this subdivision 2 shall be effective prior to the expiration of a period of twelve (12) full consecutive months during which Tenant is paying for electric energy to the demised premises pursuant to said subdivision 1 of this Article 46 (and no survey has yet been
Electricity Rent Inclusion Factor means (x) the average on a per rentable square foot basis of the charges for electric current to the demised premises pursuant to subdivision 1 of this Article 46 (exclusive of the Overhead Charge) for the twelve (12) full calendar months preceding the month in which the provisions of this subdivision 2 shall become effective, multiplied by 23,976 plus six (6%) percent of the resulting total, or (y), if a complete twelve (12) calendar month period of office occupancy which accurately reflects Tenant's electrical usage in the demised premises is not available, then the amount determined by multiplying Landlord's Cost by Tenant's average kilowatt hour and average kilowatt demand usage (determined by a survey under this subdivision 2). If the provisions of this subdivision 2 shall be effective prior to the expiration of a period of twelve (12) full consecutive months during which Tenant is paying for electric energy to the demised premises pursuant to said subdivision 1 of this Article 46 (and no survey has yet been
Electricity Rent Inclusion Factor means the amount determined by applying the estimated connected electrical load and usage thereof in the demised premises (as the same

Related to Electricity Rent Inclusion Factor

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