Examples of Utility Services Charges in a sentence
The Utility Services Charges provided on the statement shall be an amount equal to the rate per unit applicable to the calendar year including the month with respect to which the statement relates multiplied by the number of units actually consumed by Tenant at the Building during such month or, where such actual consumption cannot be measured, Landlord’s reasonable estimate of the number of units actually consumed by Tenant at the Building during such month.
Tenant agrees to pay Landlord, as Additional Rent, for the Utility Services, the amounts of Utility Services Charges (as defined in paragraph 2 of EXHIBIT D attached hereto and made a part hereof) computed in accordance with the provisions of such EXHIBIT D, which is entitled “Utility Services Charges”.
Landlord shall deliver to Tenant electronic or other form of statements of charges for Utility Services Charges on or after the last day of each month during the Lease Term for Utility Services provided by Landlord or made available to Tenant during such month.
Tenant’s payments of estimated Utility Services Charges due hereunder on a monthly basis during such succeeding year shall be computed using such estimated Utility Services Charges rates.
Once such reconciliation has been accomplished, Landlord shall give Tenant a statement comparing Tenant’s Utility Services Charges computed using such actual Fully Burdened Charge Rates to the amounts paid by Tenant as estimated Utility Services Charges during the prior calendar year.
If the estimated Utility Services Charges paid by Tenant are less than Tenant’s Utility Services Charges computed using actual Fully Burdened Charge Rates as reported in accordance with the preceding sentence, Tenant shall pay any such shortfall within twenty (20) days after receipt of an invoice from Landlord for same.
If such estimated Utility Services Charges paid by Tenant are more than Tenant’s Utility Services Charges computed using actual Fully Burdened Charge Rates, Landlord shall credit Tenant with any such overpayments against Utility Services Charges thereafter becoming due during the next calendar year of the Lease Term or, if such reconciliation is made after the expiration hereof, Landlord shall refund any such overage to Tenant within twenty (20) days after determination of same.
Landlord’s computation of Fully Burdened Charge Rates for purposes of computing Utility Services Charges (as defined below) hereunder shall be performed consistently from year to year, but allowing reasonable modifications to the method of cost allocations based upon usage.
For each billing month, the Utility Services Charges shall be equal to the Tenant Base Amount for such billing month, the Overhead Charge for such billing month and the Sanitary Sewer Charges for such billing month.