Interim Sum definition
Interim Sum means the yearly sum assessed or caused to be assessed by the Landlord as an estimate of and on account of the Service Rent
Interim Sum means a yearly sum assessed by the Management Company acting reasonably on account of the Service Charge for each Accounting Period being a fair and reasonable estimate of the Service Charge payable by the Tenant in respect of that Accounting Period
Interim Sum means a provisional amount on account of the Service Rent for the relevant Financial Year calculated by the Managing Agent (acting as an expert) based on the Managing Agent's reasonable estimate of the likely amount of the Service Rent for the Financial Year in question
More Definitions of Interim Sum
Interim Sum means the yearly sum reasonably assessed by or on behalf of the Superior Landlord as an estimate of the Service Rent;
Interim Sum means a yearly sum assessed by the Landlord or the Landlord's Surveyor (acting reasonably) on account of the Service Charge for each Accounting Period being a fair and reasonable estimate of the Service Charge payable by the Tenant in respect of that Accounting Period RPI means the Retail Prices Index (all items) published monthly in the United Kingdom by the Office for National Statistics or any official publication substituted for it Service Charge means for any Accounting Period: (a) the Capped Element (b) a fair and reasonable proportion of the Estate Service Cost for that Accounting Period which the Landlord reasonably determines is fairly and reasonably attributable to the Premises (c) a fair and reasonable proportion of the Utility Costs for that Accounting Period as reasonably determined by the Landlord (d) a proportion of the Incidental Service Cost for that Accounting Period which the Landlord reasonably determines is fairly and reasonably attributable to the Premises (e) (to the extent the Tenant does not pay it directly to the relevant supplier) the total cost of all utilities separately metered and exclusively supplied to the Premises PROVIDED ALWAYS THAT all interest earned on all Interim Sums and any other service charge monies held by the Landlord whether in anticipation of future expenditure or otherwise shall be credited against Service Costs 11/46486557_5 54UKMATTERS:45919740.1