Additional Services Charge definition
Examples of Additional Services Charge in a sentence
Following the close of each Calendar Year, Landlord shall cause the amount of the Additional Services Charge for such Calendar Year to be computed and Landlord shall deliver to Tenant a statement of such amount, whereupon Tenant shall pay any deficiency as shown by such statement to Landlord within 30 days after receipt of such statement.
The Additional Services Charge shall be paid in monthly installments, in arrears, on the first day of each calendar month during the course of such year, in amounts estimated from time to time by Landlord and communicated by written notice to Tenant.
After Landlord has balanced the air-conditioning system for Tenant, if Tenant installs partitions, equipment, or fixtures requiring rebalancing of the system, Landlord, at Tenant's request and at Tenant's expense (which shall be charged as an Additional Services Charge payable upon demand) shall endeavor to do such rebalancing.
In addition to paying the Base Rent specified in Paragraph 2 hereof, Tenant shall pay "Additional Rent," which is equal to the sum of the Expense Adjustment Amount, Tax Adjustment Amount, and Additional Services Charge (all as hereinafter defined) and any other charges noted in this Lease.
In the event that Landlord, in Landlord's sole discretion, determines that Tenant's use of electricity exceeds the service to be provided under subparagraph 7(a) above or goes materially beyond the hours specified in subparagraph 7(a), Tenant shall pay, as an Additional Services Charge, such amounts for such excess or other hours use with other Additional Services as shall be required under this subparagraph 7(b)(i).
In the event that Landlord, in Landlord's reasonable discretion, determines that Tenant's use of electricity exceeds the service to be provided under subparagraph 7(a) above or goes materially beyond Business Hours, Tenant shall pay, as an Additional Services Charge, such amounts for such excess or non-Business Hours use with other Additional Services as shall be required under this subparagraph 7(b)(i).
Delay in computation of the Expense Adjustment Amount, Tax Adjustment Amount, or Additional Services Charge shall not be deemed a default hereunder or a waiver of Landlord's right to collect any of such amounts.
If the total of the estimated monthly installments paid by Tenant during any Calendar Year exceeds the actual Additional Services Charge due from Tenant for such Calendar Year, then, at Landlord's option, such excess shall be either credited against payments next due hereunder, if any, or promptly refunded by Landlord, provided Tenant is not then in default hereunder.
After Landlord has balanced the air-conditioning system for Tenant, if Tenant installs partitions, equipment, or fixtures requiring rebalancing of the system, Landlord, at Tenant's request and at Tenant's expense (which shall be charged as an Additional Services Charge payable upon demand) shall endeavor to do such· rebalancing.
If the total of the estimated monthly installments paid by Tenant during any Calendar Year exceeds the actual Additional Services Charge due from Tenant for such Calendar Year, then, at Landlord's option, such excess shall be either credited against payments next due hereunder or refunded by Landlord, provided Tenant is not then in default hereunder.