Generator Costs definition

Generator Costs means the costs incurred in the supply, operation, maintenance and/or repair of the stand-by electricity (generators) and such other costs arising from or associated therewith.
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Generator Costs means the reasonable costs of Tenant’s replacement of the Generator (as defined in Section 26.4 of the Original Lease) serving the Premises. If (w) there then-exists no Event of Default by Tenant under the Lease, as amended hereby, (x) there then-exists no event or circumstance which, but for the passage of time or giving of notice, or both, could constitute an Event of Default by Tenant under the Lease, as amended hereby, (y) there are no Excess Costs, and (z) there remains an unused portion of the Construction Allowance after payment of all Construction Costs, then the amount of said unused portion (but not more than an amount equal to FORTY-ONE THOUSAND FOUR HUNDRED FIFTY-SIX AND NO/100 DOLLARS [$41,456.00], the “Unused Allowance”) shall, upon Tenant’s specific written request given to Landlord no later than December 31, 2020, be paid by Landlord to Tenant to reimburse Tenant for Generator Costs. To any extent that Tenant elects to receive any Unused Allowance in reimbursement of Generator Costs, then not later than December 31, 2020, Tenant shall submit to Landlord one (1) written request for reimbursement of Generator Costs, such to be accompanied by invoices reflecting such Generator Costs, and evidence of payment. Landlord shall reimburse Tenant for such Generator Costs up to the amount of the Unused Allowance within thirty (30) days after receipt of such written request. In addition, if (i) there then-exists no Event of Default by Tenant under the Lease, as amended hereby, (ii) there then-exists no event or circumstance which, but for the passage of time or giving of notice, or both, could constitute an Event of Default by Tenant under the Lease, as amended hereby, (iii) there are no Excess Costs, and (iv) there remains an unused portion of the Construction Allowance after payment of all Construction Costs and any Generator Costs, then the amount of said unused portion (but not more than an amount equal to FORTY-ONE THOUSAND FOUR HUNDRED FIFTY-SIX AND NO/100 DOLLARS [$41,456.00]) shall, upon Tenant’s specific written request given to Landlord no later than December 31, 2020, be applied by Landlord against Basic Rent (but not any other Rent) next coming due under the Lease, as amended hereby.
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Generator Costs means the purchase price of the Generator, the cost of installing the same into the Base Building Improvements, and any sales tax or other expenses related thereto.
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Examples of Generator Costs in a sentence

  • As part of the Improvement Allowance, Service Provider shall provide Customer with an allowance equal to the lesser of (i) the actual amount of the Generator Costs incurred by Service Provider, or (ii) Forty Thousand Dollars ($40,000.00) (such lesser amount being referred to herein as the “Generator Allowance”), which Service Provider shall apply directly toward the Generator Costs.

  • Tenant shall pay Tenant’s Generator Costs to Landlord as Additional Rent during the Term within thirty (30) days after Landlord renders an invoice therefor, which invoices may be rendered by Landlord from time to time during the Term.

  • Tenant’s obligation to pay the Existing Generator Costs or Monthly Existing Gen Replacement Amortization will not be terminated, diminished, or affected in the event that Tenant elects to diminish or discontinue its use of the Existing Generator or its replacement.

  • This is Dow ▇▇▇▇▇' cost for providing their technical personnel when the sound attenuator issue was being 7) Generator Costs 17,040.00 17,040.00 17,040.00 addressed.

  • To any extent that Tenant elects to receive any Unused Allowance in reimbursement of Generator Costs, then not later than December 31, 2020, Tenant shall submit to Landlord one (1) written request for reimbursement of Generator Costs, such to be accompanied by invoices reflecting such Generator Costs, and evidence of payment.

  • In accordance with Section 32.11 of the Lease, Tenant shall reimburse Landlord $210,015.00 of the Generator Costs within thirty (30) days of Tenant’s receipt of a proper invoice from Landlord for such amount.

  • The Generator Allowance shall be applied directly to the Generator Costs incurred by Service Provider.

  • Landlord shall reimburse Tenant for such Generator Costs up to the amount of the Unused Allowance within thirty (30) days after receipt of such written request.

  • Upon failure of the User to properly correct any such violation, VCTC reserves the right to correct such violation at the sole expense of the User.