Provisional Service Charge definition

Provisional Service Charge the amount which in the reasonable opinion of the Landlord’s surveyor or its managing agents or accountants represents a fair estimate of the Service Charge for the Service Year in question
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Provisional Service Charge means an advance payable by the Tenant in relation to the Service Charge (i.e. which is payable by the Tenant in the Tenant’s Proportion) which the Landlord is entitled to fix unilaterally with respect to the relevant year until 31 January of each calendar year taking into consideration of the amount of anticipated costs in accordance with Section 12.4 hereof;
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Provisional Service Charge means the sum paid on account of Service
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Examples of Provisional Service Charge in a sentence

  • Service Charges Provisional Service Charge of AED [14] fourteen per square feet of unit area to be paid as per this Agreement.

  • Service Charges Provisional Service Charge of AED [14] fourteen to be paid as per this Agreement.

  • Without respect to the foregoing, the first invoice in respect to the Provisional Service Charge payable for the Premises other than those located on the 2nd floor (which invoice shall include, in the case of a fraction of a calendar month the Fees payable for such fraction of a calendar month) shall be issued by the Landlord on the Hand-over Date and the Tenant shall pay the invoice within 15 (fifteen) days of the receipt of the same.

  • On or before 31 January of each calendar year the Landlord is entitled to determine the Provisional Service Charge with respect to the relevant calendar year based on the scope of services, activities and costs influencing the Service Charge.

  • Interest accruing under Clause 19.6 shall be credited to the Retention Account but shall not be released to the Borrower until the end of the Security Period.

  • Service Charges Provisional Service Charge of AED [14] fourteen per square feet of the unit area to be paid as per this Agreement.

  • It is hereby agreed that the aggregate total amount of the the Service Charge and the Provisional Service Charge which are controlled by the Landlord cannot increase by more than 10% on a year-to-year basis.

  • For the purposes of clarification the Parties each acknowledge and agree that if additional categories of services and activities are added as contemplated by Appendix No. 6/b to this Lease, then as a result neither the Provisional Service Charge nor the Service Charge shall be increased by more than 10% in the aggregate on a year-to-year basis.

  • The Purchaser further acknowledges and accepts that as at the Completion Date, there may be changes to the amounts payable by the Purchaser in respect of the Initial Provisional Service Charge and the Initial Service Charge Deposit to cater for any increases in the costs necessary for the provision of the Services.

  • The Purchaser shall pay the First Provisional Service Charge to the Seller in full and in advance on the Completion Date or if later, within ten (10) days of demand.


More Definitions of Provisional Service Charge

Provisional Service Charge means the Initial Provisional Service Charge or for subsequent years such sum as may be fixed for each year by the Landlord's Surveyor as a reasonable estimate of the Tenant's Share of the Net Expenditure for that year
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Provisional Service Charge the amount which in the reasonable opinion of the Landlord shall represent a fair estimate of the Service Charge for the Service Year in question provided that if it should appear necessary or appropriate to adjust the Provisional Service Charge during the Service Year the Provisional Service Charge may be increased or decreased as the case may be at any time
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