Fair Proportion definition

Fair Proportion means a fair and reasonable proportion appropriate to the Property or its use to be determined from time to time by the Surveyor (acting reasonably);

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Fair Proportion shall where the Landlord does not provide or procure the Services but pays the Landlord under the Head Lease to do so [***] per cent but where the Landlord does provide or procure the Services and in the absence of any other factors which the Landlord considers relevant acting reasonably shall mean such proportion of the Service Charge (as defined in clause 1) as shall be calculated by application of the formula [*** ------ ***] when [***] equals the [***] of the Premises

Fair Proportion the fair proportion reasonably determined from time to time by the Landlord’s Surveyor

Examples of Fair Proportion in a sentence

• If any sums payable by the Tenant relate to both the Property and other property, the Tenant shall pay a Fair Proportion of those sums.

• Under this clause, the Lender shall also be entitled to be compensated not only for an increased cost, reduction, payment or forgone interest or other return directly attributable to any Finance Document but also for a Fair Proportion of any increased cost, reduction, payment or forgone interest or other return directly or indirectly resulting from any Capital Adequacy Requirement.

• The cost of physical alterations required and any consents relating thereto to ensure the separation and the security of the relevant parties confidential information shall be shared between the parties based on a Fair Proportion with such works being carried out by contractors instructed by the Seller and the process of obtaining all such consents being handled by the Seller.

• Fair Proportion means a fair proportion appropriate to the Property or its use to be conclusively decided from time to time by the Landlord's surveyor acting in good faith as an expert.

• To pay, within twenty one (21 ) days after a written demand, a Fair Proportion of the expense of repairing, maintaining, renewing and cleaning all mutual or party walls, roads, yards, fences, Conducting Media and structures used or enjoyed by the Property in common with other premises.

More Definitions of Fair Proportion

Fair Proportion means a fair proportion as determined by the Landlord which determination shall be final and conclusive

Fair Proportion means such proportion as the lessor's surveyor may reasonably decide as being reasonably and properly attributable to the demised premises as opposed to the other Units provided always that in no event shall the Lessee's proportion of the Service Charge be increased or altered by reason that at any relevant time any Unit may be vacant or occupied by the Lessor or any person or company associated with the Lessor or that any tenant or other occupier of a Unit may default in payment of its due proportion of the Service Charge or that at any relevant time any Unit may be damaged or destroyed;

Fair Proportion of any amount means that proportion of that amount which the Lender determines to be fairly allocable to this Agreement, the Facility and/or all or any part of any Advance or any overdue sum;

Fair Proportion the fair proportion reasonably determined from time to time by the Landlord's Surveyor. "first rent payment date" the date specified in clause 1.6:3.

Fair Proportion means a fair proportion appropriate to the Property or its use to be conclusively decided from time to time by the Landlord's surveyor acting in good faith as an expert. Group Company means a company that is from time to time a member of the same Group within the meaning of section 42 of the 1954 Act. Incumbrances means the matters affecting the Property referred to in Schedule 1 so far as they are still subsisting and capable of taking effect and relate to the Property. Installations means plant, machinery or equipment of any kind, including aerials, satellite dishes, electronic communications apparatus (as defined in section 151 of the Communications Act 2003) or any other communications apparatus. Insured Risks means loss or damage by fire, explosion, lightning, earthquake, impact by vehicles, flooding, ▇▇▇▇▇, ▇▇▇▇▇▇▇, aircraft and articles dropped from them in peacetime, riot, civil commotion, terrorist activities, malicious damage, burst pipes, overflows from water tanks, subsidence and heave and such other risks as the Landlord may in good faith decide (but excluding any risks which are not insurable on terms which the Landlord in good faith considers reasonable and subject to any excesses, exclusions or limitations imposed by the insurers in accordance with normal practice). Landlord includes the person for the time being entitled to the immediate reversion to the Term.