Increase In Cost of Services Sample Clauses

Increase In Cost of Services. For purposes of this and other covenants requiring similar proration, it is agreed that the Premises contains 4,484 rentable square feet and total rentable area belonging to Landlord is 178,082 rentable square feet. Tenant’s prorata share is 2.52 %. As used herein, Base Year shall be defined as July 1, 2005 and June 30, 2006 and Comparison Year shall be defined as each year of the lease term after the Base Year. Direct Expenses are defined as those expenses reasonably incurred by Landlord with respect to the maintenance and operation (excluding capital expenses) of the Building, including water and sewer, heating, lighting, power, fuel, labor, supplies, janitor service, insurance and all other items properly constituting direct operating costs according to standard accounting practices published by the American Institute of Certified Public Accountants. If the Direct Expenses for any Comparison Year are in excess of the Direct Expenses for the for the Base Year, Tenant shall pay Tenant’s prorata share of such excess as additional rent to Landlord. As soon as possible after the end of the Base Year, Landlord shall provide Tenant with a written statement via ordinary mail of the estimated Direct Expenses for the Comparison Year. Beginning in the thirteenth (13th) month of the lease term after the commencement of the Base Year, Tenant shall pay as additional monthly rent an amount equal to one-twelfth (1/12) of Tenant’s prorata share of the estimated increase in Direct Expenses for the Comparison Year. As soon as possible after the end of the Comparison Year, Landlord shall provide Tenant by ordinary mail with a written statement of actual Direct Expenses. Any overpayments shall be credited against subsequent rent payments and any underpayments shall be paid by Tenant in a lump sum within thirty (30) days of receipt of said statement. The schedule set forth herein shall be maintained throughout the term of the lease. Tenant maintains the right to audit Landlord’s records in order to verify the accuracy of Direct Expenses. Unless Tenant shall take exception to any items of such Direct Expenses within thirty (30) days after delivery of the foregoing statement by providing written notice to Landlord, such statement shall be considered as final and accepted by Tenant.
Sample 1Sample 2
AutoNDA by SimpleDocs
Increase In Cost of Services. N/A 8. PAYMENT OF TAXES, INSURANCE, AND OTHER ASSESSMENTS. Landlord shall pay annually all real estate taxes and insurance on the described premises. Tenant at all times shall be responsible for and shall pay, before delinquency, all municipal, county, state or federal taxes assessed against any leasehold interest or any fixtures, equipment, stock-in-trade, or other personal property of any kind, installed or used in or on the premises.
Sample 1

Related to Increase In Cost of Services

  • Cost of Services Political Subdivision shall share some expenses for the above services, supplies and equipment. Additional elections may lower costs for each entity, and election cancellations may raise costs for each entity. It is understood that other political entities may wish to participate in the use of the County’s electronic voting equipment and polling locations, and it is agreed that Contracting Officer may enter into other contracts with entities for those purposes on terms and conditions generally similar to those set forth in this Agreement. Only the actual expenses directly attributable to this Agreement and any prorated shared expenses may be charged to Political Subdivision, plus a 10% administrative fee.

  • Additional Compensation Notwithstanding anything in this Memorandum of Understanding to the contrary when in the judgment of the Board, it becomes necessary or desirable to utilize the services of County employees in capacities other than those for which they are regularly employed, the Board may authorize and, if appropriate, fix an additional rate of compensation for such employees.

  • Increase in Hours 6.4.1 For unit - 1 When additional hours are available to a part-time position on a regular basis, the hours shall be offered to the employee in the unassigned time with the greatest bargaining unit seniority. If the senior employee declines the assignment, it shall be offered to the remaining employees in the class in descending order of bargaining unit seniority until the assignment is made.

  • No Additional Compensation Notwithstanding any other provision of this Agreement, the obligation of Agency to return Referred Accounts, provide current status reports of all such accounts or information reasonably required by Client shall be without right to any additional Contingent Fee, administrative fees or other compensation of any kind or type whatsoever after such termination date, including, without limitation, in quantum meruit, for any Services rendered prior to termination (except on recoveries received and remitted to Client pursuant to this Agreement prior to termination) whether or not said Services result in or contribute to recoveries received after termination.

  • Term of Services The term of this Agreement shall begin on the Effective Date and shall end on , the date of completion specified in Exhibit A, and Consultant shall complete the work described in Exhibit A on or before that date, unless the term of the Agreement is otherwise terminated or extended, as provided for in Section 8. The time provided to Consultant to complete the services required by this Agreement shall not affect the City’s right to terminate the Agreement, as referenced in Section 8.

  • Annual Compensation The Executive’s “Annual Compensation” for purposes of determining severance payable under this Agreement shall be deemed to mean the sum of (i) the annual rate of Base Salary as of the Date of Termination, and (ii) the cash bonus, if any, earned by the Executive for the calendar year immediately preceding the year in which the Date of Termination occurs.

  • Intent to Limit Charges to Maximum Lawful Rate In no event shall the interest rate or rates payable under this Agreement, plus any other amounts paid in connection herewith, exceed the highest rate permissible under any law that a court of competent jurisdiction shall, in a final determination, deem applicable. Borrower and the Lender Group, in executing and delivering this Agreement, intend legally to agree upon the rate or rates of interest and manner of payment stated within it; provided, however, that, anything contained herein to the contrary notwithstanding, if said rate or rates of interest or manner of payment exceeds the maximum allowable under applicable law, then, ipso facto, as of the date of this Agreement, Borrower is and shall be liable only for the payment of such maximum as allowed by law, and payment received from Borrower in excess of such legal maximum, whenever received, shall be applied to reduce the principal balance of the Obligations to the extent of such excess.

  • Maximum Compensation There is a maximum compensation for this Agreement and a separate maximum compensation for each Approved Service Order.

  • Fee Increases S&P reserves the right to increase its fees under this Order Schedule effective on the anniversary of the Commencement Date by providing at least sixty (60) days advance written notice to Licensee prior to the expiration of the Term then in effect.

  • Minimum Monthly Rent 3.1.1 Tenant agrees to pay to Landlord a Minimum Monthly Rent, initially in the amount set forth in the Basic Provisions, during each month of the Term of this Lease. Minimum Monthly Rent for a period constituting less than a full month shall be prorated on the basis of a thirty (30)-day month.

Time is Money Join Law Insider Premium to draft better contracts faster.