Escalation Charge definition

Escalation Charge means a sum equal to 1/12th of the product of (a) ----------------- Tenant's Share, and (b) the difference between (x) the Base Operating Expenses and (y) Landlord's good faith estimate of Operating
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Examples of Escalation Charge in a sentence

  • If Tenant shall fail to pay when due any sums under this Lease designated as an Escalation Charge or other Additional Rent, Landlord shall have the same rights and remedies as Landlord has hereunder for failure to pay Basic Rent.

  • If Tenant shall fail to pay when due any sums under this Lease designated as an Escalation Charge or additional charge, Landlord shall have the same rights and remedies as Landlord has hereunder for failure to pay Basic Rent.

  • If Tenant shall fail to pay when due any sums under this Lease designated as an Escalation Charge, additional rent or additional charge, Landlord shall have the same rights and remedies as Landlord has hereunder for failure to pay Basic Rent.

  • If Tenant shall fail to pay when due any sums under this Lease designated as an additional charge, additional rent or Escalation Charge or any other charge hereunder, Landlord shall have the same rights and remedies as Landlord has hereunder for failure to pay Basic Rent.

  • If Subtenant shall fail to pay when due any sums under this Sublease designated as an Escalation Charge, additional rent or additional charge, Sublandlord shall have the same rights and remedies as Sublandlord has hereunder for failure to pay Basic Rent.

  • If Sublessee fails to pay any Fixed Rent or Additional ------------ Charges (including the Tax Escalation Charge) within three (3) days of the date due, Sublessee shall pay interest on such amount at the Default Interest Rate, as that term is defined in Section 9.6 of the Main Lease, from the date on which such amount was due, and shall also pay a late charge of 3 % of the amount overdue, as provided in Section 9.6 of the Main Lease.

  • If Tenant shall fail to pay when due any sums under --------------- this Lease designated as an Escalation Charge or other Additional Rent, Landlord shall have the same rights and remedies as Landlord has hereunder for failure to pay Basic Rent.

  • In the event that for any reason, Operating Expenses during any Operating Year shall exceed Base Operating Expenses, Tenant shall pay to Landlord as an Escalation Charge: (a) an amount equal to (I) the excess of Operating Expenses over Base Operating Expenses multiplied by (II) the Escalation Factor, such amount to be apportioned for any fraction of an Operating Year in which the Operating Year for the Base Operating Expenses changes as provided for herein or the Term of the Lease commences or ends.

  • Fixed Rent, the Operating Expense Escalation Charge, as defined in Section 3.3 of the Main Lease, and all other amounts ("Additional Charges") payable by Sublessee to Sublessor under the provisions of this Sublease or the provisions of the Main Lease shall be paid promptly when due, without notice or demand therefor (unless Sublessor receives notice or demand therefor from the landlord under the Main Lease), and without deduction, abatement, counterclaim or set off of any amount for any reason whatsoever.

  • Provided that no Default of Tenant shall have occurred (and be continuing) under the Lease nor shall there be outstanding any failure of Tenant to make any payment of any Basic Rent, Escalation Charge or other sum or charge due under the Lease on December 15, 2008 or on the date when the reduction in the First Expansion Space Security Deposit Increase Amount from in fact occurs, then Tenant shall have the right to receive a reduction in the First Expansion Space Security Deposit Increase Amount from to .

Related to Escalation Charge

  • Termination Charge means a charge levied when an unamortized balance remains and the Jurisdiction requests termination of Street Lighting Service. The charge is determined by costs of equipment, installation, removal, disposal, Capital Recovery Period, and Utility Financing Cost minus payments made to date for the specific fixtures.

  • Transition charge means a nonbypassable rate or charge to be imposed on a customer to pay the customer's share of transition costs.

  • Connection Charge is the sum payable by the Communications Provider in accordance with the Openreach Price List for provisioning of the Service;

  • Service Charge means the amount charged for making a service available on line and is in addition to the actual fee for a service itself. For example, one who renews a license on line will pay the license renewal fee and a service charge.

  • transaction charge means any amount charged to a client by a registered firm in respect of a purchase or sale of a security and includes any federal, provincial or territorial sales taxes paid on that amount;