SERVICE CHARGE CAP Sample Clauses

SERVICE CHARGE CAP. 2.1 For the purposes of this paragraph the following definitions apply: A the last monthly figure shown in the last edition of the Index published before the start of the service charge period (as defined in paragraph 4.5 below) immediately preceding the relevant review date (or in respect of the first review date , the monthly figure shown in the edition of the Index for November 2012); B the last monthly figure shown in the last edition of the Index published by the Office for National Statistics as at the relevant review date; relevant review date means 1 January 2013 and thereafter the day after the date of expiry of each consecutive service charge period; S the Service Charge Cap payable under this Lease immediately preceding the relevant review date; and Service Charge Cap £73,772.50 (subject to review in accordance with the provisions of paragraph 2.3 (Review of Service Charge Cap) below).
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SERVICE CHARGE CAP. The Service Charge and any interim payments payable by the Tenant during the any Service Charge Period shall not exceed the Service Charge Cap as applicable to that Service Charge Period
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SERVICE CHARGE CAP. 2.3.1 The Service Charge Cap for the Affordable Private Rented Units will be subject to indexation based on increases in the Index and calculated using the following formula: C = £Y x (B / A) Where: A is the value of the Index for September 2018 B is the value of the Index for September of the financial year preceding the Initial Letting of an Affordable Private Rented Unit £Y is the Service Charge Cap in respect of the Affordable Private Rented Units C is the level of Service Charge Cap in respect of the Affordable Private Rented Units after application of the Indexation formula EXECUTED as a DEED by affixing THE COMMON SEAL of THE CITY COUNCIL OF BRISTOL in the presence of: Authorised signatory EXECUTED as a DEED by [ ] acting by two Directors or one Director and its Company Secretary: Director Director/Company Secretary ANNEXURE 1 (The Plan) ANNEXURE [2]
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SERVICE CHARGE CAP. The Tenant’s Proportion of the Service Charge shall not exceed the sum of €44,792.50 (being €9.50 per square foot of the floor area of the Demised Premises) up to 5 December 2015. For the avoidance of doubt, the Tenant’s obligation to discharge the Service Charge shall be in accordance with the Lease as and from the first day of the fourth year of the Term. The terms of this side letter are personal to Hubspot Ireland Limited and may not be assigned, transferred or otherwise disposed of. This side letter is submitted in duplicate. Please countersign the duplicate to signify agreement with its terms. Yours faithfully, for and on behalf of AIG PROPERTY COMPANY LIMITED We hereby accept the terms of the foregoing side letter. for and on behalf of HUBSPOT IRELAND LIMITED CIVIL LAW (MISCELLANEOUS PROVISIONS) ACT, 2008 RENUNCIATION OF RIGHTS TO A NEW TENANCY THIS RENUNCIATION made the 31st day of January 2014
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SERVICE CHARGE CAP. The Tenant’s Proportion of the Service Charge shall not exceed the sum of €65,649.01 (being €9.50 per square foot of the floor area of the Demised Premises) for each of the first three years of the Term only. For the avoidance of doubt, the Tenant’s obligation to discharge the Service Charge shall be in accordance with the Lease as and from the first day of the fourth year of the Term. The terms of this side letter are personal to Hubspot Ireland Limited and may not be assigned, transferred or otherwise disposed of. This side letter is submitted in duplicate. Please countersign the duplicate to signify agreement with its terms. Yours faithfully, /s/ Illegible for and on behalf of AIG PROPERTY COMPANY LIMITED We hereby accept the terms of the foregoing side letter. /s/ Illegible for and on behalf of HUBSPOT IRELAND LIMITED Dated 11th December 2012
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SERVICE CHARGE CAP. 7.1 In the event that the Landlord (here meaning Learning Tree International Limited only) vacates the Building and becomes an absentee landlord, the Service Charge payable by the Tenant during each Service Charge Period shall not exceed £10.50 per square foot (Cap) (plus Value Added Tax) per annum and pro-rata part thereof for the Service Charge Period current as at the date the Landlord (here meaning Learning Tree International Limited only) vacates the Building (but for the avoidance of doubt the Cap shall not apply to the costs of any electricity or gas incurred in relation to the Services) and for each subsequent Service Charge Period or pro-rata part thereof shall not exceed the sum produced by the following formula: x Cap (plus Value Added Tax) Where A is the Retail Price Index published in the month immediately preceding the Landlord vacating and B is the Retail Price Index published in the month in which this Lease was granted provided that the maximum liability of the Tenant for the Service Charge in any Service Charge Period shall never be less than the Cap (plus Value Added Tax) (apportioned pro-rata in respect of the Service Charge Period current at the date of this Lease and for the Service Charge Period in which the Landlord vacates). If the Retail Price Index shall cease to be published or its base shall be changed or for any reason it is impossible or impracticable to implement the provisions of paragraph 7.1 there shall be substituted such other provisions for limiting any increase in the Service Charge for such years (being as equivalent as may be to the provisions of paragraph 7.1) as shall be agreed and in default of agreement shall be determined by an arbitrator to be appointed by the President.
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SERVICE CHARGE CAP. The Service Charge payable by the Tenant during the first three years of the Term only (but not thereafter) for each square foot of net internal area of the Premises in respect of each Service Charge Period (and in respect to the periods from the Term Commencement Date to 31 December 2008 and from 1 January 2011 to [ ] 2011 the proportion of the figure produced by the calculation below which is the same proportion as the number of days in the relevant period bears to 365) shall not exceed the sum which equals the product to the following formula:- £X x A - B Where:- X = £4.85 per square foot provided that in any period where the Landlord is providing concierge services this figure shall be increased to £6.60 per square foot; A = the amount of the Index for the month immediately preceding the commencement of the relevant Service Charge Period; and B = the amount of the Index last published before the date of this Lease (being [ ]) And the following provisions shall apply:
Sample 1
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SERVICE CHARGE CAP. The Service Charge payable by the Tenant during the first three years of the Term only (but not thereafter) for each square foot of net internal area of the Premises in respect of each Service Charge Period (and in respect to the periods from the Term Commencement Date to 31 December 2008 and from 1 January 2011 to [ ] 2011 the proportion of the figure produced by the calculation below which is the same proportion as the number of days in the relevant period bears to 365) shall not exceed the sum which equals the product to the following formula:-
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SERVICE CHARGE CAP. 11.1 The Service Charge payable under this Part 2 by the Tenant for each Service Charge Year shall not be in excess of the Service Charge Cap for that Service Charge Year.
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Related to SERVICE CHARGE CAP

  • Allocations of Finance Charge Collections The Servicer shall allocate to the Series 1997-1 Certificateholders and retain in the Collection Account for application as provided herein an amount equal to the product of (A) the Floating Allocation Percentage and (B) the Series 1997-1 Allocation Percentage and (C) the aggregate amount of Collections of Finance Charge Receivables deposited in the Collection Account on such Deposit Date.

  • Investor Charge-Offs (a) O n or before each Transfer Date, the Servicer shall calculate the Class A Investor Default Amount. If on any Transfer Date, the Class A Investor Default Amount for the prior Monthly Period exceeds the sum of the amount allocated with respect thereto pursuant to subsection 4.09(a)(iv), subsection 4.11(a) and Section 4.12 with respect to such Monthly Period, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) will be reduced by the amount of such excess, but not by more than the lesser of the Class A Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero, and the Class B Investor Interest (after giving effect to reductions for any Class B Investor Charge-Offs and any Reallocated Class B Principal Collections on such Transfer Date) will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero. In the event that such reduction would cause the Class B Investor Interest to be a negative number, the Class B Investor Interest will be reduced to zero, and the Class A Investor Interest will be reduced by the amount by which the Class B Investor Interest would have been reduced below zero, but not by more than the Class A Investor Default Amount for such Transfer Date (a "Class A Investor Charge-Off"). If the Class A Investor Interest has been reduced by the amount of any Class A Investor Charge-Offs, it will be reimbursed on any Transfer Date (but not by an amount in excess of the aggregate Class A Investor Charge-Offs) by the amount of Excess Spread allocated and available for such purpose pursuant to subsection 4.11(b). (b) On or before each Transfer Date, the Servicer shall calculate the Class B Investor Default Amount. If on any Transfer Date, the Class B Investor Default Amount for the prior Monthly Period exceeds the amount of Excess Spread and Reallocated Collateral Principal Collections which are allocated and available to fund such amount pursuant to subsection 4.11(c) and Section 4.12, the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) will be reduced by the amount of such excess but not by more than the lesser of the Class B Investor Default Amount and the Collateral Interest Amount (after giving effect to reductions for any Collateral Charge-Offs and any Reallocated Principal Collections on such Transfer Date and any adjustments with respect thereto as described in subsection 4.10(a) above) for such Transfer Date. In the event that such reduction would cause the Collateral Interest Amount to be a negative number, the Collateral Interest Amount will be reduced to zero and the Class B Investor Interest will be reduced by the amount by which the Collateral Interest Amount would have been reduced below zero, but not by more than the Class B Investor Default Amount for such Transfer Date (a "Class B Investor Charge- Off"). The Class B Investor Interest will also be reduced by the amount of Reallocated Class B Principal Collections in excess of the Collateral Interest Amount pursuant to Section 4.12 and the amount of any portion of the Class B Investor Interest allocated to the Class A Certificates to avoid a reduction in the Class A Investor Interest pursuant to subsection 4.10(a) above. The Class B Investor Interest will thereafter be reimbursed (but not to an amount in excess of the unpaid principal balance of the Class B Certificates) on any Transfer Date by the amount of Excess Spread allocated and available for that purpose as described under subsection 4.11(d). (c) On or before each Transfer Date, the Servicer shall calculate the Collateral Default Amount. If on any Transfer Date, the Collateral Default Amount for the prior Monthly Period exceeds the amount of Excess Spread which is allocated and available to fund such amount pursuant to subsection 4.11(g), the Collateral Interest Amount will be reduced by the amount of such excess but not by more than the lesser of the Collateral Default Amount and the Collateral Interest Amount for such Transfer Date (a "Collateral Charge-Off"). The Collateral Interest Amount will also be reduced by the amount of Reallocated Principal Collections pursuant to Section 4.12 and the amount of any portion of the Collateral Interest Amount allocated to the Class A Certificates or the Class B Certificates to avoid a reduction in the Class A Investor Interest, pursuant to subsection 4.10(a), or the Class B Investor Interest, pursuant to subsection 4.10(b), respectively. The Collateral Interest Amount will thereafter be reimbursed on any Transfer Date by the amount of the Excess Spread allocated and available for that purpose as described under subsection 4.11(h). SECTION 4.11.

  • Monthly Debt Service Payments Borrower shall pay to Lender (a) on the Closing Date, an amount equal to interest only on the outstanding principal balance of the Loan for the initial Accrual Period and (b) on September 1, 2010, and on each Payment Date thereafter up to and including the Maturity Date, the Monthly Debt Service Payment Amount, which payments shall be applied first to accrued and unpaid interest and the balance to principal.

  • MINIMUM INTEREST CHARGE If the interest charge for all balances on your Credit Card account is less than $1.00, we will charge you the Minimum Interest Charge shown on page 1. This charge is in lieu of any interest charge.

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