Tenant’s Utility Payment definition

Tenant’s Utility Payment means and refer to each Tenant’s Shared Mechanical Payment and each Tenant’s Separately Metered Utility Payment.
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Tenant’s Utility Payment means and refer to the actual cost of utilities (including electricity) serving, the Premises, including, but not limited to, (a) the actual cost of utilities provided to and/or used in, or for, spaces that support the Premises (e.g., utility costs related to the UPS room(s) supporting the Premises), and (b) any “commitment charges”, “capacity charges”, “feeder charges”, “utility taxes” or other similar utility charges. “Term”; “Term of this Lease”; and “Term of the Lease” shall mean and refer to the period described in Item 5 of the Basic Lease Information, subject to the terms of such Item 5.
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Tenant’s Utility Payment shall (a) as it relates to the Datacenter-A Period, mean and refer to the cost of all utilities (including electricity) serving, provided to and/or used in a Datacenter, including but not limited to (a) the cost of utilities provided to and/or used in, or for, spaces that support the Datacenter (e.g., utility costs related to the UPS room(s) supporting a Datacenter), (b) the cost of power loss that occurs prior to the Metering Equipment - Tenant Space for such Datacenter, and (c) “commitment charges”, “capacity charges”, “feeder charges”, “utility taxes” and all other similar utility charges with respect to utilities serving, provided to and/or used in the Datacenter, whether or not such charges are determined upon actual utility usage, dedicated capacity or any other manner of allocation reasonably determined by Landlord. For avoidance of doubt, Tenant shall not be responsible or liable to pay for the cost, charges or taxes of, or with respect to, any utilities which are not provided to Tenant, but which are provided solely to other tenants or occupants of the Building.
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Examples of Tenant’s Utility Payment in a sentence

  • Tenant shall pay each Tenant’s Utility Payment to Landlord, as Additional Rent, within thirty (30) days of receipt of each Tenant’s Utility Payment invoice.

  • In such event, Tenant’s Utility Payment related to the newly metered Shared Mechanical Equipment shall thereafter be the separately metered cost of the shared utilities provided to, serving and/or used in, the Tenant Space by such equipment based upon the Shared Mechanical Metering Equipment (i.e., such payment would then be a Tenant’s Separately Metered Utility Payment).

  • For the avoidance of doubt, it is the intent of the parties that this Section 3.5 represents a mechanism only for Landlord’s cost recovery with regard to utilities (including electrical power) serving, provided to and/or used in or for the Tenant Space, and that there is no intent for Tenant’s Utility Payment to include any element of profit to Landlord in connection therewith.

  • As such, Section 3.5.2 above notwithstanding, Landlord and Tenant hereby agree that, during Periods of Premises Underutilization, Tenant’s Utility Payment shall be determined by virtue of a reasonable proration of the Shared Infrastructure Costs (based on power capacity).

  • Landlord hereby represents to Tenant that Tenant’s Utility Payment is based upon the actual cost to Landlord of the utilities in question and does not include any profit or xxxx-up to Landlord.

  • Tenant’s 6A Early Access shall be subject to (and, during such period, Tenant must comply with) all of the terms and provisions of the Lease, excepting only the payment of Base Rent, provided, however, Tenant shall be responsible for Tenant’s Utility Payment (as hereinafter defined), if any, incurred during the 6A Early Access Period.

  • For the avoidance of doubt, Texxxx xcknowledges that, during the Utility Default Period, Tenant shall pay Tenant’s Utility Payment (Default), subject to the terms and conditions of the following Sections 3.5.2.3 and 3.5.2.4. [***] Information has been omitted and filed separately with the Securities and Exchange Commission.

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  • Landlord and Tenant agree that, each month, Tenant’s Utility Payment shall be a sum equal to (a) Tenant’s actual metered utility costs for the month in question, based on the Metering Equipment – Utility, plus (b) [***] percent ([***]%) of Tenant’s actual metered utility costs for such month to account for those portions of such utility costs that are not metered directly to the Premises (i.e., a total of [***] ([***]%) of Tenant’s actual metered utility costs).

  • For the avoidance of doubt, Tenant acknowledges that, during the Utility Default Period, Tenant shall pay Tenant’s Utility Payment (Default), subject to the terms and conditions of the following Sections 3.5.2.3 and 3.5.4.


More Definitions of Tenant’s Utility Payment

Tenant’s Utility Payment means and refer to the Tenant’s Utility Payment (Default) (subject to the terms of Sections 3.5.2.3 and 3.5.2.4 of the Standard Lease Provisions), during the Utility Default Period.
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Tenant’s Utility Payment means and refer to the actual cost of utilities (including electricity) serving, the Premises, including, but not limited to, (a) the actual cost of utilities provided to and/or used in, or for, spaces that support the Premises (e.g., utility costs related to the UPS room(s) supporting the Premises), and (b) any “commitment charges”, “capacity charges”, “feeder charges”, “utility taxes” or other similar utility charges.
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Tenant’s Utility Payment means Tenant’s Share of the excess (if any) of the Utility Expenses payable for any Comparison Year over the Base Utility Expense.
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Tenant’s Utility Payment means and refer to (a) the Tenant’s Initial Uplift Factor Utility Payment (as defined in Section 3.5.2.1), during the period commencing on the Commencement Date and expiring at the end of the 9th full calendar month of the Term; and (b) the Tenant’s Utility Payment (Default) (subject to the terms of Sections 3.5.2.3 and 3.5.2.4 of the Standard Lease Provisions), during the Utility Default Period.
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Related to Tenant’s Utility Payment

  • Ground Rent means any rent, additional rent or other charge payable by the tenant under the Ground Lease.

  • Tenant’s Taxes means (a) all taxes, assessments, license fees and other governmental charges or impositions levied or assessed against or with respect to Tenant's personal property or Trade Fixtures in the Premises, whether any such imposition is levied directly against Tenant or levied against Landlord or the Property, (b) all rental, excise, sales or transaction privilege taxes arising out of this Lease (excluding, however, state and federal personal or corporate income taxes measured by the income of Landlord from all sources) imposed by any taxing authority upon Landlord or upon Landlord's receipt of any rent payable by Tenant pursuant to the terms of this Lease ("Rental Tax"), and (c) any increase in Taxes attributable to inclusion of a value placed on Tenant's personal property, Trade Fixtures or Alterations. Tenant shall pay any Rental Tax to Landlord in addition to and at the same time as Base Rent is payable under this Lease, and shall pay all other Tenant's Taxes before delinquency (and, at Landlord's request, shall furnish Landlord satisfactory evidence thereof). If Landlord pays Tenant's Taxes or any portion thereof, Tenant shall reimburse Landlord upon demand for the amount of such payment, together with interest at the Interest Rate from the date of Landlord's payment to the date of Tenant's reimbursement.

  • Utility Charges means water, sewer, electricity, gas and other utility charges, if any, applicable to the Real Property or the Leased Real Property;

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

  • Insurance Rent the sums described in paragraph 1.1 of Schedule 4; “Insured Risks” the risks of fire (including subterranean fire), lightning, explosion, storm, flood, subsidence, landslip, heave, earthquake, burst or overflowing water pipes, tanks or apparatus, impact by aircraft or other aerial devices and any articles dropped from them, impact by vehicles, terrorism, riot, civil commotion and malicious damage to the extent, in each case, that cover is generally available on normal commercial terms in the UK insurance market at the time the insurance is taken out, and any other risks against which the Landlord reasonably insures from time to time, subject in all cases to any excesses, limitations and exclusions imposed by the insurers;20

  • Renewal Rent for the Aircraft means the rent payable therefor in respect of a Renewal Lease Term determined pursuant to Section 17.2.2 of the Lease.

  • Additional Rent means all amounts, other than Basic Rent and any Security Deposit, required to be paid by the Tenant to the Landlord in accordance with this Agreement.

  • Base Rent $ 25,024 per month ("Base Rent"), payable on the 1st day of each month commencing on the Commencement Date (Also see Paragraph 4.) [ ] If this box is checked, this Lease provides for the Base Rent to be adjusted per Addendum ___, attached hereto.

  • Basic Rent means Basic Rent as defined in Paragraph 6.

  • Additional Rent(s) means amounts payable under any Lease for (i) the payment of additional rent based upon a percentage of the Tenant’s business during a specified annual or other period (sometimes referred to as “percentage rent”), (ii) so-called common area maintenance or “CAM” charges, and (iii) so called “escalation rent” or additional rent based upon such tenant’s allocable share of insurance, real estate taxes or operating expenses or labor costs or cost of living or xxxxxx’x wages or otherwise.

  • Lease Rentals means, for any period, the aggregate amount of fixed rental or operating lease expense payable by the Company and its Subsidiaries with respect to leases of real and personal property (excluding Capital Lease Obligations) determined in accordance with GAAP.

  • Base Monthly Rent means the fixed monthly rent payable by Tenant pursuant to Section 3.1 which is specified in Section K of the Summary.

  • Building Operating Expenses means the portion of “Operating Expenses,” as that term is defined in Section 4.2.7 below, allocated to the tenants of the Building pursuant to the terms of Section 4.3.1 below.

  • Landlord Delay means any actual delay in the completion of the Improvements as a result of Landlord’s breach or material default under this Third Amendment (including, without limitation, any breach of representation or warranty); any delays relating to any of the matters specified in Section 5.3 of Exhibit B; any failure to respond to any items required to be furnished or approved by Landlord within a time period expressly set forth in this Third Amendment or the Lease (unless a deemed approval is specified, in which case no Landlord Delay shall be assessed); Landlord’s failure to allow contractors access to the Building or Premises as scheduled in advance with the Building’s property manager or Landlord’s request for material changes in the fmal Plans and Specifications after Landlord’s approval thereof (unless such request was caused by an error or omission by Tenant), provided, however, that notwithstanding the foregoing, no Landlord Delay shall be deemed to have occurred unless and until Tenant has delivered to Landlord a factually correct written notice (the “Landlord Delay Notice”), specifying the bona fide action or inaction which Tenant contends constitutes the Landlord Delay. If such action or inaction is not cured by Landlord within two (2) business days of Landlord’s receipt of such Landlord Delay Notice, then the Landlord Delay shall be deemed to have occurred as of the expiration of such two (2) business day period. A delay in construction of the Improvements due to a Tenant Delay (as defined in Exhibit B, attached to and part of the Original Lease), any Force Majeure event or a delay by any governmental authority (including but not limited to the City of Los Angeles) shall not be deemed a Landlord Delay. Any Landlord Delay Notice shall be sent to the notice address set forth in the Lease with copies to (a) to the property manager at the management office of the Building; and to (b) Xxxxxxx Xxxxxx Management LLC, 000 Xxxxxxxx Xxxxxxxxx, Xxxxx 000, Xxxxx Xxxxxx, Xxxxxxxxxx 00000, Attention: Leasing Legal Department Manager.

  • Fixed Rent shall have the meaning set forth in Section 1.1 hereof.

  • Sublease Payment means any payment required to be made by the District pursuant to Section 7 of the Sublease.

  • Additional Rental has the meaning set forth in Section 4.03.

  • Rent as used in this Section 21 shall be deemed to be and to mean all sums of every nature required to be paid by Tenant pursuant to the terms of this Lease, whether to Landlord or to others. As used in Sections 21(c)(ii)(A) and (B), above, the “worth at the time of award” shall be computed by allowing interest at the Default Rate. As used in Section 21(c)(ii)(C) above, the “worth at the time of award” shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus 1%.

  • Landlord Work means the work, if any, that Landlord is obligated to perform in the Premises pursuant to a separate agreement (the “Work Letter”), if any, attached to this Lease as Exhibit C.

  • Minimum Rent means Fifty Million Thirty-Three Thousand Nine Hundred Seventy-Six and 00/100ths Dollars ($50,033,976.00), subject to adjustment as provided in Section 3.1.1(b).

  • Rent Payment means the amount payable by Lessee for the Assets as specified in the applicable Schedule.

  • Initial Rent means [ ] (£[ ]) STERLING yearly (exclusive of any VAT);

  • Lease Term means the term of this Lease which shall commence on the Commencement Date and continue for the period specified in Section J of the Summary.

  • Annual Fixed Rent See Exhibit A, and Section 3.1.

  • Insurance Cost Increase shall not, however, include any premium increases resulting from the nature of the occupancy of any other lessee of the Building. If the parties insert a dollar amount in Paragraph 1.9, such amount shall be considered the "BASE PREMIUM." If a dollar amount has not been inserted in Paragraph 1.9 and if the Building has been previously occupied during the twelve (12) month period immediately preceding the Commencement Date, the "Base Premium" shall be the annual premium applicable to such twelve (12) month period. If the Building was not fully occupied during such twelve (12) month period, the "Base Premium" shall be the lowest annual premium reasonably obtainable for the Required Insurance as of the Commencement Date, assuming the most nominal use possible of the Building. In no event, however, shall Lessee be responsible for any portion of the premium cost attributable to liability insurance coverage in excess of $1,000,000 procured under Paragraph 8.2(b).

  • Tenant Delay Any event or occurrence that delays the completion of the Landlord Work which is caused by or is described as follows: