Escalation Charges Clause Samples

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 O▇▇▇▇▇▇▇▇, 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 “O▇▇▇▇▇▇▇▇ 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 O▇▇▇▇▇▇▇▇ 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 O▇▇▇▇▇▇▇▇ Escalation Charges are calculated as the applicable portion paid by Sublandlord pursuant to the O▇▇▇▇▇▇▇▇ 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. 5.2 With respect to Tax Rent, in the event a refund of Tax Rent (for a Tax Year in which Sublandlord has previously paid O▇▇▇▇▇▇▇▇ Escalation Charges) is actually received by Sublandlord (whether in cash or by way of a credit against Fixed Rent payable by Sublandlord under the O▇▇▇▇▇▇▇▇) due to a reduction in Taxes for a Tax Year with respect to which Sublandlord has previously paid O▇▇▇▇▇▇▇▇ Escalation Charges to Overlandlord and Subtenant has previously paid Escalation Charges, Sublandlord shall refund to Subtenant the corresponding Escalation Charges including interest on the refund to the extent received by Sublandlor...
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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. 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. 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 1. 0925% (which is based on the Expansion Premises Rentable Area divided by the Building Rentable Area). All such Escalation Charges shall be payable in accordance with the terms of the Lease.
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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.

  • Electricity Charges The licensee herein shall pay the electricity bills directly for energy consumed on the licensed premises and should submit original receipts to Licensor indicating that the electricity bills are paid.

  • TRANSACTION CHARGES 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.

  • User Charges 1. User charges that may be imposed by the competent charging authorities or bodies of each Party on the airlines of the other Party shall be just, reasonable, not unjustly discriminatory, and equitably apportioned among categories of users. In any event, any such user charges shall be assessed on the airlines of the other Party on terms not less favorable than the most favorable terms available to any other airline at the time the charges are assessed. 2. User charges imposed on the airlines of the other Party may reflect, but shall not exceed, the full cost to the competent charging authorities or bodies of providing the appropriate airport, airport environmental, air navigation, and aviation security facilities and services at the airport or within the airport system. Such charges may include a reasonable return on assets, after depreciation. Facilities and services for which charges are made shall be provided on an efficient and economic basis. 3. Each Party shall encourage consultations between the competent charging authorities or bodies in its territory and the airlines using the services and facilities, and shall encourage the competent charging authorities or bodies and the airlines to exchange such information as may be necessary to permit an accurate review of the reasonableness of the charges in accordance with the principles of paragraphs 1 and 2 of this Article. Each Party shall encourage the competent charging authorities to provide users with reasonable notice of any proposal for changes in user charges to enable users to express their views before changes are made. 4. Neither Party shall be held, in dispute resolution procedures pursuant to Article 14, to be in breach of a provision of this Article, unless (a) it fails to undertake a review of the charge or practice that is the subject of complaint by the other Party within a reasonable amount of time; or (b) following such a review it fails to take all steps within its power to remedy any charge or practice that is inconsistent with this Article.

  • 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.