Expenses Component definition
Examples of Expenses Component in a sentence
In the absence of manifest error or written dispute by Party A or FSA within ten Local Business Days of receipt, such revised Expenses Component Table shall be binding on the parties, and the Calculation Agent shall provide written notice thereof to the Valuation Agent.
The Calculation Agent shall provide a draft of the revised Expenses Component Table, together with reasonable evidence to support its calculations, to Party A and FSA.
The resulting amounts shall be added to, or subtracted from, the amounts in the Expenses Component Table for all purposes going forward from the time such calculation is agreed or deemed applicable.
The revised Expenses Component Table shall be a calculation of the present value of the Budgeted Expenses as amended from time to time pursuant to paragraph I.2(a), or pursuant to paragraph I.3 below, and assuming inflation at 3% per annum, and a discount rate of 2.8% per annum.
In the event that the Rent Commencement Date and the Expiration Date are other than the first day of a Calendar Year then the Operating Expenses Component shall be adjusted to reflect the actual period of occupancy during the Calendar Year.