Fixed Charge definition

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

Examples of Fixed Charge in a sentence

  • Maintain a Fixed Charge Coverage Ratio for each 12-month period of at least 1.0 to 1.0, while a Trigger Period is in effect, measured for the most recent period for which financial statements were delivered hereunder prior to the Trigger Period and each period ending thereafter until the Trigger Period is no longer in effect.


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.