HVAC Cost definition

HVAC Cost means that portion of all costs in the Fiscal Year for the operation, repair, replacement and maintenance of the systems for heating, ventilating, and air-conditioning the Building as established by Landlord from time to time on a fair and equitable basis which reflects load and hours of operation, (and includes depreciation at reasonable rates on such systems) as allocated by Landlord to the Building on such basis as Landlord may, from time to time, determine equitable.
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HVAC Cost means a percentage of the costs in the Fiscal Year for the operation, repair and maintenance of the system for heating, ventilating and cooling the Project as established by Landlord from time to time on a fair and equitable basis which reflects load and hours of operation. (d) "Common Areas Costs" means all net costs, charges and expenses in respect of a Fiscal Year which are directly attributable to the operation, repair and maintenance of the Common Areas, including without limitation HVAC Cost. (e) "Project Costs" means all net costs, charges and expenses in respect of a Fiscal Year which are directly attributable to the operation, repair and maintenance of the Project, but which are not attributable solely to the operation, repair or maintenance of the Common Areas, Parking Facilities, or any Rentable Component. (f) "Square Feet in the Premises" means the number of square feet set out in Article 1.01(l) or 1.01(n) of the Lease, which for office tenants includes the number of square feet of unallocated space in the Building set out in Article 1.01(l) of the Lease. (g) "Square Feet in the Building" means 307,245 square feet, being the aggregate of the rentable areas of office space (on a single-tenancy floor basis) and retail and service store space in the Building. If from time to time there is a material change in the rentable areas of the Building, Square Feet in the Building shall (until any further change) mean the number of square feet in the Building determined on completion of such change on the basis set out in Sections 3.01 and 3.03.
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HVAC Cost means all costs of operating, maintaining, repairing and replacing any HVAC Facility, excluding the initial construction costs and the expenses of restoring any damage caused by casualty. All HVAC Costs for an HVAC Facility which serves only a single Unit shall be allocated solely to such Unit. All HVAC Costs for an HVAC Facility which serves more than one Unit shall be allocated among the Units served by such HVAC Facility based on relative HVAC load.
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Examples of HVAC Cost in a sentence

  • Finally, the investigation must respect a number of fundamental due process guarantees.

  • Landlord shall notify Tenant of such estimate, and provide Tenant with reasonable documentation in support of the Excess HVAC Cost.

  • The HVAC Cost shall be calculated by amortizing the total cost to replace the air conditioning unit(s) over a five (5) year period (i.e., the HVAC Cost shall be divided by 60 months to determine the monthly HVAC Cost, and Tenant shall pay Landlord each month during the Term (as may be extended) 100% of such monthly HVAC Cost).

  • Tenant shall be responsible to pay to Landlord each month Tenant’s HVAC Cost Share, during the remaining Term (as may be extended).

  • Tenant shall pay charges (the "After Hours HVAC Charges") for such heating, ventilating and air conditioning which is being provided at any time other than the hours and days above specified (the "After Hours HVAC Usage"), which After Hours HVAC Charges shall be calculated in accordance with the schedule that is attached to and made a part of this Lease as Exhibit "I" (the "HVAC Cost Schedule").

  • Tenant shall pay Landlord each month its monthly installment of Tenant’s HVAC Cost Share together with Tenant’s payment of Monthly Rent.

  • This cost will not be applicable to the $1,500.00 Existing HVAC Cost Cap.

  • The Tenant shall pay to the Landlord as Additional Rent, within ten (10) days after Landlord's delivery of an invoice therefor, Tenant's Proportionate Share of the HVAC Cost at the actual rates (including taxes and associated charges) charged by the public utility serving the Building.

  • If during the Term the HVAC units that supply air conditioning to the Premises need to be replaced in Landlord’s sole but reasonable opinion, the costs to replace the HVAC units (the “HVAC Cost”) shall be shared between Tenant and Landlord such that Tenant shall be responsible to pay one hundred percent (100%) of the HVAC Cost (“Tenant’s HVAC Cost Share”) applicable to the remaining Term.

  • Provided all Existing HVAC Cap Requirements have been met, Tenant shall reimburse Landlord up to the Existing HVAC Cost Cap within thirty (30) days of Landlord’s invoice for any repairs or replacements made to any Existing HVAC.

Related to HVAC Cost

  • Operating Cost means the total cost and expense incurred in operating, managing, insuring, equipping, lighting, repairing, maintaining and policing the Real Property, including the exterior of the Real Property and the common areas, and specifically including, without limitation, items of expense for or related to: insurance premiums and deductibles, management, bookkeeping.

  • Construction Cost means and includes the cost of the entire construction of the Project, including all supervision, materials, supplies, labor, tools, equipment, transportation and/or other facilities furnished, used or consumed, without deduction on account of penalties, liquidated damages or other amounts withheld from payment to the contractor or contractors, but such cost shall not include the Consulting Engineer/Architect's fee, or other payments to the Consulting Engineer/Architect and shall not include cost of land or Rights-of-Way and Easement acquisition.

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.

  • Equipment Cost means, for each Unit, the purchase price therefor paid by the Owner Trustee to the Lessee pursuant to Section 2 of the Participation Agreement and as set forth in Schedule 1 to the Participation Agreement with respect to such Unit. Notwithstanding anything to the contrary contained in the Operative Agreements, the Equipment Cost for any Replacement Unit shall be deemed to be the Equipment Cost or deemed Equipment Cost of the Unit replaced by such Replacement Unit.

  • Net cost means the Contractor’s actual cost after deducting all permitted cash and trade discounts, rebates, allowances, credits, sales taxes, commissions, and refunds (whether or not any or all of the same shall have been taken by the Contractor) of all parts and materials purchased by the Contractor solely for the use in performing its obligation hereunder provided, where such purchase has received the prior written approval of the Manager as required herein. The Contractor shall promptly furnish to the Manager such bills of sale and other instruments as the Manger may require, executed, acknowledged and delivered, assuring to the Manager title to such materials, supplies, equipment, parts, and tools free of encumbrances.