Estimated Expenditure definition

Estimated Expenditure means, for any Financial Year during the Term, such sum as the Landlord may, from time to time, specify as being a fair and reasonable estimate of the Expenditure for the current Financial Year based on a budget prepared by the Landlord and submitted to the Tenant, and includes, for the Financial Year in question, any revised budget of the Landlord’s estimate of the Expenditure for that Financial Year;
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Estimated Expenditure means such sum as the Landlord may from time to time specify as being a fair and reasonable estimate of the Service Charge for the current Financial Year based on a budget prepared by the Landlord and submitted to the Tenant and includes any revised budget of the Landlord’s estimate of the Service Charge for that Financial Year;
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Estimated Expenditure means for any Financial Year during the Term, such sum as the Landlord shall, from time to time, specify as being, in its absolute discretion, a fair and reasonable estimate of the Expenditure for the current Financial Year based upon a budget prepared by the Landlord and submitted to the Tenant Provided That the Landlord may from time to time during any Financial Year, as appropriate, submit to Tenant revised budgets with respect to its estimate of the Expenditure for that Financial Year whereupon appropriate adjustments shall be made to such sum to reflect the revised budget(s);
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Examples of Estimated Expenditure in a sentence

  • The Advance Payment shall be paid by equal monthly instalments in advance and is subject to adjustment if the Estimated Expenditure is revised as contemplated by its definition, the first instalment, being a proportion of the monthly Advance Payment for the period beginning on the Service Charge Commencement Date and ending on the day before the next monthly payment date following the Service Charge Commencement Date, to be made on the date of this Sub-Underlease.

  • Revenue Sources: CIP Budget Expenditure Accounts: WT1802 Budgeted Fiscal Year(s): FY2020 Budgeted Expenditure: Estimated Expenditure: $121,875 Basic Services and a Budget Allowance of up to $40,000 for Additional Services Over/Under Projection By: Other Comments: Additional Services shall be on an as needed basis, not to exceed $40,000.

  • For a quick reference to the meaning of each letter you may consult the overview tables Estimated Expenditure and Estimated Income on the top of the sheet.

  • The Advance Payment shall be paid by equal monthly instalments in advance and is subject to adjustment if the Estimated Expenditure is revised as contemplated by its definition, the first instalment, being a proportion of the monthly Advance Payment for the period beginning on the Service Charge Commencement Date and ending on the day before the next monthly payment date following the Service Charge Commencement Date, to be made on the date of this Lease.

  • Note that the "Annual Lump Sum Payment" is similar to the Indexed Lump Sum "Estimated Expenditure", but is not an estimate.

  • If any dispute arises in relation to the amount of the Estimated Expenditure or the Expenditure or the Service Charge the Tenant shall be required to pay the amounts requested by the Landlord.


More Definitions of Estimated Expenditure

Estimated Expenditure the estimated expenditure for each Development
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Estimated Expenditure means, for any Financial Year during the Term, such sum as the Landlord acting properly may, from time to time, specify as being a fair and reasonable estimate of the Expenditure for the current Financial Year based on a budget prepared by the Landlord and submitted to the Tenant, and includes, for the Financial Year in question, any revised budget of the Landlord’s estimate of the Expenditure for that Financial
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