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.