Metered Costs definition

Metered Costs means the actual cost of such usage. If such meters are installed, Tenant shall pay Landlord monthly, as Additional Rent, the estimated costs of such metered electrical and ventilation/air conditioning usage. If the costs of ventilation/air conditioning usage are not separately metered for tenants in the Building said costs shall be considered Direct Costs and shall be calculated as set forth in 3.03(a).
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Metered Costs has the meaning set forth in Section 5.2(c).
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Examples of Metered Costs in a sentence

  • Upon the commencement of any tenant build out work on any portion of the 3rd or 4th floors comprising in the aggregate, no less than 28,175 RSF, Tenant shall no longer be required to pay the Temporary Usage Charge notwithstanding if, at some later date, Tenant is then again the sole tenant of the Building (but Tenant will still be required to pay Tenant’s Proportionate Share of such Metered Costs included in Operating Expenses).

  • Said operating expenses include Basic Costs, Direct Costs and Metered Costs as defined in Section 3.03 and are currently estimated to be $4.50 per square foot or $2,259.75 monthly.

  • Said operating expenses include Basic Costs, Direct Costs, and Metered Costs as define in Section 3.03 and are currently estimated to be $5.25 per square foot or $ 5,483.19 monthly.

  • Said operating expenses include Basic Costs, Direct Costs, and Metered Costs as defined in Section 3.03 and are currently estimated to be $5.50 per square foot or $2,381.95 monthly.

  • Furthermore, Excess Consumption by Tenant is a default under this Lease, and payment of Metered Costs for Excess Consumption will not constitute a cure of such default.

  • If Landlord elects to install Submeters, then Landlord will periodically read the Submeters, Tenant will reimburse Landlord for Submeter installation and monitoring costs, and Tenant will pay Metered Costs within ten days after receipt of an invoice from Landlord.

  • Direct Costs, and Metered Costs as defined in Section 3.03 and are currently estimated to be $4.60 per square foot or $4,797.80 monthly.