Escalation Charges Sample Clauses

Escalation Charges. The Vendee agrees and understands that the Total Price of the Unit is escalation free save and except imposition(s)/increases/other levies/costs and charges specifically provided to in this Agreement and /or any other increases in charges/statutory levies, Cess which may be levied or imposed by the Government Authorities from time to time or as stated in this Agreement.
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Escalation Charges. The Vendee agrees and understands that the price of the Unit is based on the price of materials and labour charges pertaining thereto on and around January, 2016. If, however, during the progress of construction up to the date of application of occupation certificate by the Vendor or the expiry of five years from the above mentioned date, whichever is earlier, there is an increase /decrease in the price of the materials used in the construction work and /or labour charges (hereinafter referred to as Escalation Charges), the same shall be recoverable/payable respectively by/to the Vendee. In order to ensure a fair and transparent methodology for computation of Escalation Charges, the Vendor shall take the respective Wholesale Price Index Indexes as published in the Reserve Bank of India (RBI) Monthly Bulletin for steel, cement, fuel & power, other building construction material; and labour Index published as Consumer Price Index Numbers in the State of Haryana as the basis of such computation and the Vendee agrees and accepts, that by choosing these independent RBI Indexes and Consumer Price Index Numbers in the State of Haryana, the Vendor is ensuring the highest level of fairness and transparency. The respective RBI Index and Consumer Price Index Numbers in the State of Haryana for the computation of the Escalation Charges in the cost of construction and labour cost as below:- • Steel- Index published as Steel –Long in the category of Basic Metals, Alloys & Metal Products. • Cement - Index published as Cement & Lime in the category of Non –Metallic Mineral Products. • Fuel & Power –Index published as Fuel & Power. • Other Building Construction materials –Index published as All Commodities in the Index • Numbers of Wholesale price in India. • Labour-Index published as Consumer Price Index Numbers for Industrial Workers in the State of Haryana. It is mutually agreed and binding between the Vendee and the Vendor that Rs. 4500/- per sq. ft shall be treated as construction cost for purpose of computation of Escalation Charges. It is further mutually agreed that within the above stated construction cost, the components of (i) steel, (ii) cement, (iii) other construction materials, (iv) fuel and power and (v) labour shall be 15%, 10%, 40%, 5% and 30% respectively of the construction cost. Escalation Charges shall be computed till the date of application of Occupation Certificate to be filed by the Vendor or five years from the date of Agreement whichever is earl...
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Escalation Charges. 5.1 Pursuant to Article 6 of the Oxxxxxxxx, Sublandlord pays additional rent to Overlandlord for Taxes (as such term is defined in the Master Lease) and for Operating Expenses (as such term is defined in the Master Lease) which payments are hereinafter collectively referred to as “Oxxxxxxxx Escalation Charges”. Subtenant, throughout the Sublease Term, shall pay to Sublandlord (such amounts hereinafter referred to as, the “Escalation Charges”) with respect to each Operating Year and each Tax Year (as such terms are defined in the Master Lease), respectively (any part or all of which falls within the Sublease Term) Subtenant’s Proportionate Share of Oxxxxxxxx Escalation Charges (more particularly described below) for each such Operating Year or Tax Year above those for the 2005 Operating Year and for the 2005/2006 Tax Year; which Oxxxxxxxx Escalation Charges are calculated as the applicable portion paid by Sublandlord pursuant to the Oxxxxxxxx of the amount by which (x) the Operating Rent (as such term is defined in the Master Lease) payable by Overlandlord to Master Landlord exceeds the Operating Rent payable by Overlandlord to Master Landlord with respect to the Operating Year commencing January 1, 1997 and (y) the Tax Rent (as such term is defined in the Master Lease) payable by Overlandlord to Master Landlord exceeds the Tax Rent payable by Overlandlord to Master Landlord in fiscal tax year 1996/97. Except as otherwise provided in Section 5.3 below, Subtenant shall pay the Escalation Charges within five (5) business days following receipt of Sublandlord’s statement therefor, together with a copy of any materials furnished to Sublandlord by Overlandlord in connection therewith. Subtenant’s obligation to pay Escalation Charges shall survive the expiration or termination of this Sublease as and to the extent provided in Section 6.4 hereof.
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Escalation Charges. For the period commencing on the Extension Date and ending on the Extended Termination Date, Tenant shall pay the Escalation Charges for the Premises as set forth in the Lease.
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Escalation Charges. If the Premises shall be affected by any exercise of the power of eminent domain, Basic Rent and Escalation Charges payable by Tenant shall be justly and equitably abated and reduced according to the nature and extent of the loss of use thereof suffered by Tenant. In no event shall Landlord have any liability for damages to Tenant for inconvenience, annoyance, or interruption of business arising from any fire or other casualty or eminent domain.
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Escalation Charges. Tenant shall continue to pay Escalation Charges for the Original Premises in accordance with the terms of the Lease. In addition, from and after April 19, 2005 through the Termination Date, Tenant shall pay Escalation Charges for the Expansion Premises, and Tenant's Proportionate Share for the Expansion Premises shall be
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Escalation Charges 
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Related to Escalation Charges

  • Termination Charges Any provision requiring the Agency to pay a fixed amount or liquidated damages upon termination of the agreement is hereby deleted. The Agency may only agree to reimburse a Vendor for actual costs incurred or losses sustained during the current fiscal year due to wrongful termination by the Agency prior to the end of any current agreement term.

  • Common Area Charges Tenant shall pay to Landlord, as additional rent, an amount equal to One Hundred percent (100.00%) of the total common area charges as defined below. Tenant’s percentage share of common area charges shall be paid as follows. Tenant’s estimated monthly payment of common area charges payable by Tenant during the calendar year in which the term commences is set forth in paragraph 4(b) of this lease. Prior to the commencement of each succeeding calendar year of the term (or as soon as practicable thereafter, Landlord shall deliver to Tenant a written estimate of Tenant’s monthly payment of common area charges. Tenant shall pay, as additional rent, on the first day of each month during the term in accordance with paragraph 4(b) of the lease, its monthly share of common area charges as estimated by Landlord. Within one hundred twenty (120) days of the end of each calendar year and of the termination of this lease (or as soon as practicable thereafter), Landlord shall deliver to Tenant a statement of actual common area charges incurred for the preceding year. If such statement shows that Tenant has paid for less than its actual percentage, then Tenant shall on demand pay to Landlord the amount of such deficiency. If Tenant fails to pay such deficiency due within ten (10) days after demand, Tenant shall pay an additional ten percent (10%) of the amount due as a penalty. If such statement shows that Tenant has paid more than its actual percentage share then Landlord shall, at its option, promptly refund such excess to Tenant or credit the amount thereof to the common area charge next becoming due from Tenant. Landlord reserves the right to revise any estimate of common area charges if actual or projected common area charges show an increase or decrease in excess of 10% from any earlier estimate for the same period. In such event, Landlord shall deliver the revised estimate to Tenant, together with an explanation of the reasons therefore, and Tenant shall revise its payments accordingly. Landlord’s and Tenant’s obligation with respect to adjustments at the end of the term or earlier expiration of this lease shall survive such termination or expiration. “Common area charges,” as used in this lease, shall include, but not be limited to, (i) all items identified in paragraphs 8, 9, 11, 12, 13 and 16 as being common area charges; (ii) amortization of such capital improvements having a useful life greater than one year as Landlord may have installed for the purpose of reducing operating costs and/or to comply with governmental rules and regulations promulgated after completion of the building (Tenant’s share of any such capital improvement shall equal Tenant’s proportionate share of the fraction of the cost of such capital improvement equal to the remaining term of the lease over the useful life of such capital improvement); (iii) salaries and employee benefits (including union benefits) of personnel engaged in the operation and maintenance of the Project (or the building in which the Premises are located) and payroll taxes applicable thereto; (iv) supplies, materials, equipment and tools used or required in connection with the operation and maintenance of the Project; (v) licenses, permits and inspection fees; (vi) a reasonable reserve for repairs and replacement of equipment used in the maintenance and operation of the Project; (vii) all other operating costs incurred by Landlord in maintaining and operating the Project; and (viii) an amount equal to five percent (5%) of the actual expenditures for the aggregate of all other common area charges as compensation for Landlord’s accounting and processing services.

  • TRANSACTION CHARGES A charge will be charged for each transaction recorded on the shareholder accounting system, including, but not limited to, the following transactions: · Share purchases; · Share redemptions; · Fund liquidations; · Dividends; · Wire order purchases and redemptions (placement and confirmations); · Exchanges; · Account maintenance such as address changes; · Transfers; and · Account opening. For transactions within the 529 portfolios, FTIS will allocate the transaction fee on a pro-rata basis to the underlying Funds based on the 529 portfolio's holdings in such Funds. SCHEDULE B

  • Utility Charges Tenant shall pay or cause to be paid all charges for electricity, power, gas, oil, water and other utilities used in connection with the Leased Property.

  • TAX ESCALATION 32.01 Tenant shall pay to Landlord, as Additional Rent, tax escalation in accordance with this Article:

  • Service Charges No service charge shall be made for any exchange or registration of transfer of Warrants.

  • DIRECT CHARGES To the extent Cash-based Expenses are incurred by the Contractor, the Contractor shall be reimbursed for reasonable and necessary actual direct costs incurred (e.g., equipment, supplies, travel and other costs directly associated with the performance of the Agreement) to the extent required in the performance of the Work and to the extent such costs are anticipated in the Budget. Travel, lodging, meals and incidental expenses shall be reimbursed for reasonable and necessary costs incurred. Costs shall not exceed the daily per diem rates published in the Federal Travel Regulations. Reimbursement for the use of personal vehicles shall be limited to the Internal Revenue Service business standard mileage rate in effect at the time the expense was incurred.

  • Taxes; Charges Each Borrower shall pay before any fine, penalty, interest or cost may be added thereto, and shall not enter into any agreement to defer, any real estate taxes and assessments, franchise taxes and charges, and other governmental charges that may become a Lien upon any Individual Property or become payable during the term of the Loans (the “Taxes”), and will promptly furnish the Administrative Agent with evidence of such payment; however, each Borrower’s compliance with Sections 5.8(1) and 5.9(2) of this Agreement relating to impounds for taxes and assessments shall, with respect to payment of such taxes and assessments, be deemed compliance with this Section 8.2. No Borrower shall suffer or permit the joint assessment of any Individual Property with any other real property constituting a separate tax lot or with any other real or personal property. Each Borrower shall pay when due all claims and demands of mechanics, materialmen, laborers and others which, if unpaid, might result in a Lien on any Individual Property; however, so long as no Event of Default (following any required notice from the Administrative Agent to the Borrowers and following the expiration of any applicable cure period) shall exist, a Borrower may contest the validity of such claims and demands or Taxes so long as (a) such Borrower notifies the Administrative Agent that it intends to contest such claim or demand or Taxes, (b) such Borrower provides the Administrative Agent with cash or an irrevocable letter of credit issued by a financial institution satisfactory to the Administrative Agent in an amount equal to 110% of the contested amount or such other security satisfactory to the Administrative Agent in its reasonable discretion (including an endorsement to the Administrative Agent’s title insurance policy insuring against such claim or demand) assuring the discharge of such Borrower’s obligations for such claims and demands or payment of Taxes, including interest and penalties, and (c) such Borrower is diligently contesting the same by appropriate legal proceedings in good faith and at its own expense and concludes such contest or obtains a stay thereof prior to the thirtieth (30th) day preceding the date on which any Individual Property is scheduled to be sold for non-payment. In the event that any Borrower is contesting any Taxes in accordance with this Section 8.2, the Administrative Agent shall not pay such Taxes as required pursuant to Section 5.9(2) hereof provided that such Borrower provides the Administrative Agent with (i) a written request to cease payment of Taxes and (ii) evidence reasonably satisfactory to the Administrative Agent that the Taxes are being contested in accordance with this Section 8.2.

  • Loan Charges Neither this Note nor any of the other Loan Documents shall be construed to create a contract for the use, forbearance or detention of money requiring payment of interest at a rate greater than the Maximum Interest Rate. If any applicable law limiting the amount of interest or other charges permitted to be collected from Borrower in connection with the Loan is interpreted so that any interest or other charge provided for in any Loan Document, whether considered separately or together with other charges provided for in any other Loan Document, violates that law, and Xxxxxxxx is entitled to the benefit of that law, that interest or charge is hereby reduced to the extent necessary to eliminate that violation. The amounts, if any, previously paid to Lender in excess of the permitted amounts shall be applied by Lender to reduce the unpaid principal balance of this Note. For the purpose of determining whether any applicable law limiting the amount of interest or other charges permitted to be collected from Borrower has been violated, all Indebtedness that constitutes interest, as well as all other charges made in connection with the Indebtedness that constitute interest, shall be deemed to be allocated and spread ratably over the stated term of this Note. Unless otherwise required by applicable law, such allocation and spreading shall be effected in such a manner that the rate of interest so computed is uniform throughout the stated term of this Note.

  • Service Charge The Tenant must pay the Service Charge in accordance with Part 1 of Schedule 3. VAT The Tenant must pay: VAT on any consideration in respect of a VAT Supply to the Tenant by the Landlord at the same time as the consideration is paid; and on demand VAT (and interest, penalties and costs where these are incurred because of anything the Tenant does or fails to do) charged in respect of any VAT Supply to the Landlord in respect of the Premises where that VAT is not recoverable by the Landlord from HM Revenue & Customs. The Tenant must not do anything that would result in the disapplication of the option to tax in respect of the Landlord’s interest in the Estate. Interest on overdue payments The Tenant must pay interest on the Rents and on all other sums not paid on or by the due date (or, if no date is specified, not paid within 10 Business Days after the date of demand). Interest will be payable at the Interest Rate for the period starting on the due date (or date of demand) and ending on the date of payment. Reimburse costs incurred by the Landlord The Tenant must pay on demand the Landlord’s costs (including legal and surveyor’s charges and bailiff’s and enforcement agent’s fees) and disbursements in connection with: any breach of the Tenant’s obligations in this Lease, including the preparation and service of a notice under section 146 of the 1925 Act; any application by the Tenant for consent under this Lease, whether that application is withdrawn or consent is granted or lawfully refused, except in cases where the Landlord is required to act reasonably and the Landlord unreasonably refuses to give consent; [and] [carrying out works to the Premises to improve their Environmental Performance where the Tenant, in its absolute discretion, has consented to the Landlord doing so; and]44 the preparation and service of a schedule of dilapidations served no later than six months after the End Date. Third party indemnity45 The Tenant must indemnify the Landlord against all actions, claims, demands made by a third party, all costs, damages, expenses, charges and taxes payable to a third party and the Landlord’s own liabilities, costs and expenses incurred in defending or settling any action, claim or demand in respect of any personal injury or death, damage to any property and any infringement of any right, in each case arising from: the state and condition of the Premises or the Tenant’s use of them; the exercise of the Tenant’s rights; or the carrying out of any Permitted Works. In respect of any claim covered by the indemnity in clause 4.7.1, the Landlord must: give formal notice to the Tenant of the claim as soon as reasonably practicable after receiving notice of it; provide the Tenant with any information and assistance in relation to the claim that the Tenant may reasonably require and the Landlord is lawfully able to provide, subject to the Tenant paying to the Landlord all costs incurred by the Landlord in providing that information and assistance; and mitigate its loss (at the Tenant’s cost) where it is reasonable for the Landlord to do so.

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