Cost of Electricity. Tenant shall pay to Landlord on each Basic Rent Payment Date, in advance, the Minimum Electric Energy Charge. The Minimum Electric Energy Charge represents Landlord’s estimate of the annual cost of providing electric current to the Premises. If Landlord’s electric rates increase, the Minimum Electric Energy Charge will be proportionately increased. In addition, the Minimum Electric Energy Charge will be increased if based upon a survey of the electrical current and power load requirements in the Premises, Landlord’s electrical consultant determines that the actual cost of the electric current used in the Premises exceeds the Minimum Electric Energy Charge. Landlord’s consultant shall determine the proper cost of electricity consumed in the Premises based upon the costs and charges Tenant would pay to the utility company as a direct consumer. The Minimum Electric Energy Charge will be adjusted retroactively to the date of the survey. Landlord shall deliver a copy of the survey to Tenant, together with a statement setting forth the new Minimum Electric Energy Charge and the Survey Adjustment Amount. The “Survey Adjustment Amount” means (i) the new Minimum Electric Energy Charge applicable to the period from the date of the survey until the next Basic Rent Payment Date, less (ii) the total Minimum Electric Energy Charge actually paid by Tenant for the same period. Tenant shall pay the Survey Adjustment Amount to Landlord on the next Basic Rent Payment Date. Notwithstanding anything to the contrary contained herein, in no event will Tenant be entitled to a refund or credit of any kind against the Minimum Electric Charge paid or payable by Tenant, it being understood and agreed that the Minimum Electric Energy Charge is a minimum charge. If Tenant installs any high electrical usage equipment, Landlord reserves the right to place an electrical check meter on such equipment, as well as any other equipment used in conjunction therewith, at Tenant’s sole cost and expense. Tenant shall pay the charges for electrical energy consumed by such high electrical usage equipment in addition to all other sums due under this Lease. At the option of Landlord, Tenant agrees to purchase from Landlord, at commercially reasonable rates, all light bulbs, fluorescent lighting fixtures, starters, ballasts, lenses and grills used in the Premises as and when same require replacement, and to pay to Landlord the commercially reasonable costs of installing the same.
Cost of Electricity. The electricity consumed in the Premises will be measured by submeters, check meters or other measuring devices, which may be installed by Landlord in Landlord’s sole discretion. If direct meters are installed, Tenant shall be responsible for payment of all charges directly to the utility company, such charges to include, without limitation, usage charges, installation charges, meter reading charges and demand factors. From and after the Commencement Date, Tenant shall pay Landlord, within ten (10) days after delivery of a xxxx therefor, all charges, including, without limitation, usage charges, demand factors and all other charges calculated at the rate structure then existing of the utility company supplying electrical energy to the Building for Tenant’s consumption as determined by such meter. Landlord shall include in Landlord’s CAM Expenses the cost to read the submeter or check meter.
Cost of Electricity. The electricity consumed in the Premises will be measured by submeters, check meters or other measuring devices. From and after the Commencement Date, Tenant shall pay Landlord, within ten (10) days after delivery of a xxxx therefor, all charges, including, without limitation, usage charges, demand factors and all other charges calculated at the rate structure then existing of the utility company supplying electrical energy to the Building for Tenant’s consumption as determined by such meter.
Cost of Electricity. The Tenant shall pay to the Landlord, upon invoice by the Landlord, as Additional Rent a charge for supplying electricity to the Premises as determined by the Landlord on the basis of the Tenant's consumption in a manner generally applicable to Concession Tenants (provided that the Tenant shall not be required to pay more for such electricity than if the Premises were a separate, free standing building and such electricity were supplied directly to the Tenant and the Tenant's consumption thereof were separately metered).
Cost of Electricity. From and after the Commencement Date, Tenant shall be responsible for all costs of electricity provided to the Property, which shall be measured by direct meters installed or to be installed at the Property, at Landlord's expense. Tenant shall be responsible for payment of all fees, charges and costs directly to the utility company providing the electricity to the Property, such charges to include, without limitation, usage charges, installation charges, meter reading charges and demand factors.
Cost of Electricity. Tenant shall pay to Landlord from and after the date that Tenant takes possession of the Leased Premises, but not later than the Commencement Date, as Additional Rent for Tenant Electric Service, in the amount set forth in subparagraph (g) of Section 1.1 (the “Tenant Electric Amount”), payable in equal monthly installments in advance on the first business day of each month. In the event the Commencement Date is other than the first day of the month, the Tenant Electric Amount shall be pro rated on a per diem basis for any partial month. The Tenant Electric Amount shall, however, be subject to adjustment from time to time during the Term, as provided in Sections 13.5 and 13.6 below. In the event that Tenant installs any high electrical usage equipment, Landlord reserves the right to place an electrical check meter on said equipment as well as any other equipment used in conjunction therewith at Tenant’s sole cost and expense. The charges for electrical energy consumed by such equipment shall be paid by Tenant as Additional Rent in addition to all other sums due under this Agreement, the cost thereof to be at the established rate charged by the utility company supplying electrical service to the Leased Premises.
