Fixed Charge definition

Fixed Charge. , in relation to a tenancy, means—

Fixed Charge means any fixed customer charge, basic service fee, demand differentiated basic service fee, demand charge, or other charge not based upon the volume of electricity consumed.

Fixed Charge means any rentcharge as defined by the [Finance (1909-10) Act, 1910], and any burden or charge (other than rates or taxes) arising by operation of law or imposed by any Act [ ], or imposed in pursuance of the exercise of any powers or the performance of any duties under any such Act, otherwise than by a person interested in the land or in consideration of any advance to any person interested in the land. “rentcharge” means tithe or tithe rentcharge, or other periodical payment or rendering in lieu of or in the nature of tithe, or any fee farm rent, rent seck, quit rent, chief rent, rent of assize, or any other perpetual rent or annuity granted out of land.

Examples of Fixed Charge in a sentence

• The Supplier shall procure the Availability of the Power Station during peak hours of the day comprising 00:00 to 02:00 hrs and 18:00 to 24:00 hrs, at the timing to be specified by the Utility with a notice of 30 (thirty) days to the Supplier (the “Peak Hours”), and shall be entitled to payment of Fixed Charge for such Availability.

• Provided that a penalty at the rate of upto 1 % (one per cent) of annual Fixed Charge shall be applicable in case of failure to achieve ramp rate of 1% per minute as per methodology described in Schedule-G.

• In such an event, the Availability for the relevant month shall, for the purposes of payment of Fixed Charge, be deemed to be reduced by the same proportion that Availability bears to Mis- declaration, as if the Mis-declaration had occurred for a period of one month.

• Commencing on the first Testing Date after the occurrence of a Financial Covenant Trigger Event and on each Testing Date thereafter during a Financial Covenant Testing Period, Credit Parties will not permit the Fixed Charge Coverage Ratio for any Defined Period, as tested monthly, to be less than 1.00 to 1.00.

• For the avoidance of doubt, the Parties agree that the Base Fixed Charge and the Base Variable Charge shall be revised in accordance with the provisions of Clauses 11.3 and 12.3.2 respectively.

More Definitions of Fixed Charge

Fixed Charge means the Borrow Cost.

Fixed Charge shall have the meaning as set forth in Clause 11.1.2;

Fixed Charge means the annual fixed charge which Customers in respect of unmetered Non-Domestic Connections are liable to pay.

Fixed Charge means the amount of a fixed charge prescribed under

Fixed Charge has the meaning set forth in the preamble above.

Fixed Charge means a Method Related Charge which is not a Time Related Charge.

Fixed Charge means cash interest plus scheduled principal payments plus income taxes paid in cash plus dividends and distributions.