Electricity Rent Inclusion Factor definition

Electricity Rent Inclusion Factor. (hereinafter defined and sometimes called the "ERIF") to compensate Owner for the electrical wiring and other installations necessary for, and for its obtaining and making available to Tenant the redistribution of electric current to the demised premises as additional service, and (ii) the ERIF shall be subject to periodic adjustments as hereinafter provided. The Electricity Rent Inclusion Factor shall mean (x) the amount determined by multiplying Owner's Cost by Tenant's average kilowatt hour and average kilowatt demand usage (determined by the most recent survey under this subdivision (2), or (y) if no such survey has yet been made, the average on a per rentable square foot basis of the charges for electric current to the demised premises pursuant to subdivision (1) of this Section B (exclusive of the Overhead Charge) for the twelve (12) full calendar months preceding the month in which the provisions of this subdivision (2) shall become effective, multiplied by number of square feet of rentable area of the demised premises, plus twelve (12%) percent of the resulting total. If the provisions of this subdivision (2) shall be effective prior to the expiration of a period of twelve (12) full consecutive months during which Tenant is paying for electric energy to the demised premises pursuant to said subdivision (1) of this Article (and no survey has yet been made under this subdivision (2)), so that the ERIF cannot be determined in the manner described in the preceding sentence, then the Electricity Rent Inclusion Factor shall mean the amount determined by multiplying Owner's Cost by Tenant's average kilowatt hour and average kilowatt demand usage determined by the estimate of an electrical consultant selected by Owner, plus twelve (12%) percent of the resulting total. When a survey has been made by the electrical consultant selected by Owner (the "Consultant"), the parties shall make adjustment for any deficiency owed by Tenant or any overage paid by Tenant. If after the first day of any relevant period for which either of the aforesaid computations is made there is an increase or decrease in Owner's Cost then, the ERIF for such relevant period shall be recomputed, effective on and after the change in Owner's Cost, by applying such changed rate and/or charges to the aforedescribed consumption and demand. Notwithstanding the foregoing, on the Commencement Date, the ERIF shall be $2.50 per square foot of rentable area in the demised premises. The parties agr...
Sample 1
Electricity Rent Inclusion Factor. (hereinafter defined and sometimes called the "ERIF") to compensate Landlord for the electrical wiring and other installations necessary for, and for its obtaining and making available to Tenant the redistribution of electric current to the demised premises as additional service, and (ii) the ERIF shall be subject to periodic adjustments as hereinafter provided. The "Electricity Rent Inclusion Factor" shall mean (x) the average on a per rentable square foot basis of the charges for electric current to the demised premises pursuant to subdivision 1 of this Article 46 (exclusive of the Overhead Charge) for the twelve (12) full calendar months preceding the month in which the provisions of this subdivision 2 shall become effective, multiplied by 23,976 plus six (6%) percent of the resulting total, or (y), if a complete twelve (12) calendar month period of office occupancy which accurately reflects Tenant's electrical usage in the demised premises is not available, then the amount determined by multiplying Landlord's Cost by Tenant's average kilowatt hour and average kilowatt demand usage (determined by a survey under this subdivision 2). If the provisions of this subdivision 2 shall be effective prior to the expiration of a period of twelve (12) full consecutive months during which Tenant is paying for electric energy to the demised premises pursuant to said subdivision 1 of this Article 46 (and no survey has yet been
Sample 1
Electricity Rent Inclusion Factor means (x) the average on a per rentable square foot basis of the charges for electric current to the demised premises pursuant to subdivision 1 of this Article 46 (exclusive of the Overhead Charge) for the twelve (12) full calendar months preceding the month in which the provisions of this subdivision 2 shall become effective, multiplied by 23,976 plus six (6%) percent of the resulting total, or (y), if a complete twelve (12) calendar month period of office occupancy which accurately reflects Tenant's electrical usage in the demised premises is not available, then the amount determined by multiplying Landlord's Cost by Tenant's average kilowatt hour and average kilowatt demand usage (determined by a survey under this subdivision 2). If the provisions of this subdivision 2 shall be effective prior to the expiration of a period of twelve (12) full consecutive months during which Tenant is paying for electric energy to the demised premises pursuant to said subdivision 1 of this Article 46 (and no survey has yet been
Sample 1

Examples of Electricity Rent Inclusion Factor in a sentence

  • If and so long as Landlord provides electricity to the demised premises on a rent inclusion basis, Tenant agrees that the fixed annual rent shall be increased by the amount of the Electricity Rent Inclusion Factor ("ERIF"), as hereinafter defined.

  • If and so long as Lessor provides electricity to the demised premises on a rent inclusion basis, Lessee agrees that the fixed annual rent shall be increased by the amount of the Electricity Rent Inclusion Factor ("ERIF"), as hereinafter defined.

  • If and so long as Landlord provides electricity to the demised premises on a rent inclusion basis, Tenant agrees that the fixed annual rent shall be increased by the amount of the Electricity Rent Inclusion Factor ("ERIF), as hereinafter defined.

  • Our choice was also conditioned by the type of available data (precipitation, potential evapotranspiration and streamflow), a minimum time series length of 30 years and the degree of preprocessing (especially spatial aggregation to catchment area) to allow for a multi-catchment approach.

  • If and so long as Owner provides electricity to the demised premises on a rent inclusion basis, Tenant agrees that the fixed annual rent shall be increased by the amount of the Electricity Rent Inclusion Factor ("ERIF"), as hereinafter defined.

  • Lessee agrees that the fixed annual rent shall be increased by the amount of the Electricity Rent Inclusion Factor ("ERIF"), as hereinafter defined.

  • Parents and students shall be notified through the student handbook that cameras may be in use in school buildings, on school grounds, and in school vehicles.

  • We find that if the local surface brightness is .0.1× than the fake, the pipeline finds it ≈95% of the time.

  • The "Electricity Rent Inclusion Factor" shall mean the amount determined by applying the estimated connected electrical load and usage thereof in the demised premises (as determined by the electrical consultant as hereinafter provided) to the rate charged for such load and usage in the service classification in effect on January 1, 1998, pursuant to which Landlord then purchased electric current for the entire Building from the public utility corporation.


More Definitions of Electricity Rent Inclusion Factor

Electricity Rent Inclusion Factor means the amount determined by applying the estimated connected electrical load and usage thereof in the Demised Premises (as determined by the electrical consultant as hereinafter provided) to the rate charged for such load and usage in the service classification in effect on September 1, 1991 pursuant to which Landlord then purchased electric current for the entire Building from the public utility corporation, which, as set forth in this Section 17.02, Landlord and Tenant initially agree is $9,240.00. If the cost to Landlord of electricity shall have been, or shall be, increased subsequent to September 1, 1991 (whether such increase occurs prior to or during the term of this Lease), by change in Landlord's electric rates, charges, fuel adjustment, or service classifications, or by taxes or charges of any kind imposed thereon, or for any other such reason, then the aforesaid ERIF portion of the Fixed Rent shall be increased in the same percentage.
Sample 1
Electricity Rent Inclusion Factor means the amount determined by applying the estimated connected electrical load and usage thereof in the demised premises (as determined by the electrical consultant as hereinafter provided) to the rate charged for such load and usage in the service classification in effect on January 1, 1998, pursuant to which Landlord then purchased electric current for the entire Building from the public utility corporation. If the cost to Landlord of electricity shall have been, or shall be, increased subsequent to January 1, 1998 (whether such increase occurs prior to or during the term of this Lease), by change in Landlord's electric rates, charges, fuel adjustment, or service classifications, or by taxes or charges of any kind imposed thereon, or for any other such reason, then the aforesaid ERIF portion of the fixed annual rent shall be increased in the same percentage and the fixed annual rent provided herein shall be increased accordingly.
Sample 1
Electricity Rent Inclusion Factor means the amount determined by applying the estimated connected electrical load and usage thereof in the Demised Premises (as the same may hereafter from time to time be determined by Landlord’s electrical consultant as hereinafter provided) to the rate charged for such load and usage in the service classification in effect on January 1, 1995 pursuant to which Landlord then purchased electric current for the entire Building from the public utility corporation. If the cost to Landlord of electricity shall have been, or shall be, increased subsequent to January 1, 1995 (whether such increase occurs prior to or during the Term of this Lease), by change in Landlord’s electric rates, charges, fuel adjustment, or service classifications, or by taxes or charges of any kind imposed thereon, or for any other such reason, then the aforesaid ERIF portion of the fixed rent shall be increased in the same percentage and the fixed rent shall be increased accordingly.
Sample 1
Electricity Rent Inclusion Factor means the amount determined by applying the estimated connected electrical load and usage thereof in the demised premises (as the same
Sample 1

Related to Electricity Rent Inclusion Factor

  • Expansion Factor has the meaning ascribed thereto in Section 2.3(a);

  • Limited Indexation Factor means, in respect of a Limited Indexation Month or Limited Indexation Date, as the case may be, the ratio of the Index Figure applicable to that month or date, as the case may be, divided by the Index Figure applicable to the month or date, as the case may be, twelve months prior thereto, provided that (a) if such ratio is greater than the Maximum Indexation Factor specified in the relevant Final Terms, it shall be deemed to be equal to such Maximum Indexation Factor and (b) if such ratio is less than the Minimum Indexation Factor specified in the relevant Final Terms, it shall be deemed to be equal to such Minimum Indexation Factor;

  • Real-time System Energy Price means the System Energy Price resulting from the Office of the Interconnection’s dispatch of the PJM Interchange Energy Market in the Operating Day.

  • Inflation Factor means a number determined for each tax year by dividing the consumer price index for June of the tax year by the consumer price index for June 2005.

  • emission factor means the average emission rate of a greenhouse gas relative to the activity data of a source stream assuming complete oxidation for combustion and complete conversion for all other chemical reactions;

  • Built-Up Area and/or “Covered Area” in relation to a Flat shall mean the floor area of that Flat including the area of balconies and terraces, if any attached thereto, and also the thickness of the walls (external or internal) and the columns and pillars therein Provided That if any wall, column or pillar be common between two Flats, then one-half of the area under such wall column or pillar shall be included in the built-up area of each such Flat.

  • Baseline area means any intra- state area (and every part thereof) des- ignated as attainment or unclassifiable under section 107(d)(1)(A)(ii) or (iii) of the Act in which the major source or major modification establishing the minor source baseline date would con- struct or would have an air quality im- pact for the pollutant for which the baseline date is established, as follows: equal to or greater than 1 μg/m3 (an- nual average) for SO2, NO2, or PM10; or equal or greater than 0.3 μg/m3 (annual average) for PM2.5.(ii) Area redesignations under section 107(d)(1)(A)(ii) or (iii) of the Act cannot intersect or be smaller than the area of impact of any major stationary source or major modification which:

  • Day-ahead System Energy Price means the System Energy Price resulting from the Day- ahead Energy Market.

  • Water Surface Elevation (WSE means the height, in relation to NAVD 1988, of floods of various magnitudes and frequencies in the floodplains of riverine areas.

  • Building Square Footage or "BSF" means the square footage of assessable internal living space of a Unit, exclusive of any carports, walkways, garages, overhangs, patios, enclosed patios, detached accessory structure, other structures not used as living space, or any other square footage excluded under Government Code Section 65995 as determined by reference to the Building Permit for such Unit.

  • CPI Daily Inflation Reference Index means (A) in relation to the first day of any given month, the CPI Monthly Reference Index of the third month preceding such month, and (B) in relation to a day (D) (other than the first day) in any given month (M), the linear interpolation of the CPI Monthly Reference Index pertaining respectively to the third month preceding such month (M - 3) and the second month preceding such month (M - 2) calculated in accordance with the following formula:

  • Rentable Area of the Premises The amount of square footage set forth in Section 1.01(10).

  • Load Factor means the percentage of aircraft seats actually occupied on a flight (RPMs divided by ASMs). “NMB” means the National Mediation Board.

  • Building Area means the greatest horizontal area of a building within the outside surface of the exterior walls.

  • Water surface elevation means the height, in relation to the National Geodetic Vertical Datum (NGVD) of 1929, the North American Vertical Datum (NAVD) of 1988, or other datum, where specified, of floods of various magnitudes and frequencies in the floodplains of riverine areas.

  • AMPS Basic Maintenance Amount, as of any Valuation Date, means the dollar amount equal to (i) the sum of (A) the product of the number of shares of AMPS and Other AMPS Outstanding on such Valuation Date multiplied by the sum of (a) $25,000 and (b) any applicable redemption premium attributable to the designation of a Premium Call Period; (B) the aggregate amount of cash dividends (whether or not earned or declared) that will have accumulated for each share of AMPS and Other AMPS Outstanding, in each case, to (but not including) the end of the current Dividend Period that follows such Valuation Date in the event the then current Dividend Period will end within 49 calendar days of such Valuation Date or

  • Sewage sludge weight means the weight of sewage sludge, in dry U.S. tons, including admixtures such as liming materials or bulking agents. Monitoring frequencies for sewage sludge parameters are based on the reported sludge weight generated in a calendar year (use the most recent calendar year data when the NPDES permit is up for renewal).

  • Drainage area means a geographic area within which stormwater, sediments, or dissolved materials drain to a particular receiving waterbody or to a particular point along a receiving waterbody.

  • public open space means the securing of an area of a site at grade or street level which is acceptable to the City and is appropriately landscaped for the use and enjoyment of the public during reasonable hours.

  • HICP Daily Inflation Reference Index means (A) in relation to the first day of any given month, the HICP Monthly Reference Index of the third month preceding such month, and (B) in relation to a day (D) (other than the first day) in any given month (M), the linear interpolation of the HICP Monthly Reference Index pertaining respectively to the third month preceding such month (M - 3) and the second month preceding such month (M - 2) calculated in accordance with the following formula:

  • Net Rentable Area means with respect to any Project, the floor area of any buildings, structures or improvements available for leasing to tenants (excluding storage lockers and parking spaces), as reasonably determined by the Administrative Agent, the manner of such determination to be consistent for all Projects unless otherwise approved by the Administrative Agent.

  • Day-ahead Congestion Price means the Congestion Price resulting from the Day-ahead Energy Market.

  • Impact surface means an interior or exterior surface that is subject to damage by repeated sudden force such as certain parts of door frames.

  • Modular building manufacturer means a person or corporation who owns or operates a

  • Rentable Area when applied to the Premises, is that area equal to the usable area of the Premises, plus an equitable allocation of Rentable Area within the Building that is not then utilized or expected to be utilized as usable area, including that portion of the Building devoted to corridors, equipment rooms, restrooms, elevator lobby, atrium and mailroom.

  • Base Year means the period set forth in Section 5 of the Summary.