Monthly Lease Charge Sample Clauses

Monthly Lease Charge. Beaumont shall make lease payments to SAWPA for the 0.030 MGD of Capacity Right being leased under this Lease Agreement in the amount of $2,399.88 per month. The lease payment is calculated as follows: Monthly Lease Charge = A X B X 365 / 12 Where A = Capacity Right quantity in gallons per day (gpd), 30,000 gpd B = Lease Rate per SAWPA Resolution 2023-5, $0.00263 / gallon 5. Lease Payment. SAWPA will invoice Beaumont on the Effective Date for the 1st month’s lease charge. Subsequently, SAWPA will invoice the monthly lease charge on the first day of each month. Payment shall be made by Xxxxxxxx upon receipt of an invoice from SAWPA.
Sample 1
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Monthly Lease Charge. Beginning with the Lease Commencement Date and continuing through the Lease Term, Transco shall pay to Xxxxx a monthly lease charge of $[*****] (“Monthly Lease Charge”) subject to renegotiation under Section 5.5 hereof and reduction under Section 3.2(b) of the Construction and Ownership Agreement, as appropriate. If the first day of the Lease Term occurs after the first day of a month, then the Monthly Lease Charge for such month shall be the Monthly Lease Charge multiplied by a fraction, the numerator of which is the number of days in such month that the Lease was in effect divided by the total number of days in such month. If the last day of the Lease Term occurs other than on the last day of a month, then the Monthly Lease Charge for the final month of the term of this Lease shall be likewise pro-rated for the number of days in the month that this Lease was in effect.
Sample 1
Monthly Lease Charge. The Monthly Lease Charge will apply the lease rate to the quantity leased or used, whichever is greater. The lease rate will be set by the lease agreement in accordance with the SAWPA resolution establishing Brine Line rates and charges that is effective at the time the lease is executed. The lease agreement will provide that the lease rate will escalate annually based on the Consumer Price Index All‐Urban (CPI‐U) for Los Angeles/Riverside/ Orange Counties. In the event the CPI‐U decreases, the lease rate will remain unchanged. If the discharge during any month exceeds the amount leased for flow, BOD, or TSS, a surcharge for the month will be applied based on the maximum daily use. If a surcharge is applied for three consecutive months, the lessee shall be required to modify the agreement increasing the capacity leased. The surcharge will be based on the unit lease prices (flow, BOD, TSS) applied for the entire month. Flow will be based on the actual daily flow information. BOD and TSS will be based on the average of samples taken during the previous 12 month period. In the event of missing data, an average value will be used as determined by SAWPA. Failure to pay the Monthly Lease Charge shall result in the termination of the lease agreement.
Sample 1

Related to Monthly Lease Charge

  • 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 Building. 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]31 the preparation and service of a schedule of dilapidations served no later than six months after the End Date. Third party indemnity32 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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