Utility Payment definition
Examples of Utility Payment in a sentence
Utilities that are separately stated amounts in the lease must be recorded separately on the Utility Payment Form.
For the avoidance of doubt, it is the intent of the parties that this Section 3.5 represents a mechanism only for Landlord’s cost recovery with regard to utilities (including electrical power) serving, provided to and/or used in or for the Tenant Space, and that there is no intent for Tenant’s Utility Payment to include any element of profit to Landlord in connection therewith.
In such event, Tenant’s Utility Payment related to the newly metered Shared Mechanical Equipment shall thereafter be the separately metered cost of the shared utilities provided to, serving and/or used in, the Tenant Space by such equipment based upon the Shared Mechanical Metering Equipment (i.e., such payment would then be a Tenant’s Separately Metered Utility Payment).
In such case, if the terminating Party is Utility, following such termination, Customer shall be liable for the Termination by Utility Payment.
Tenant shall pay each Tenant’s Utility Payment to Landlord, as Additional Rent, within thirty (30) days of receipt of each Tenant’s Utility Payment invoice.
Any such Utility Payment will be made as a separate payment, and will not be deemed to be Rent.
As such, Section 3.5.2 above notwithstanding, Landlord and Tenant hereby agree that, during Periods of Premises Underutilization, Tenant’s Utility Payment shall be determined by virtue of a reasonable proration of the Shared Infrastructure Costs (based on power capacity).
End Users having provided consent to the Customer Utility Payment Information Collection of payment information for the purpose of managing end user utility accounts and arrears management.
Grantee shall pay all portions of Grantee’s Utility Payments to Grantor, as Additional Colocation Fees, within thirty (30) days of receipt of each such Grantee’s Utility Payment invoice.
In such case, if the terminating Party is the Utility, following such termination, Biogas Producer shall be liable for the Termination by Utility Payment.