ELECTRICAL SERVICE AND ELECTRICAL CHARGE Sample Clauses

ELECTRICAL SERVICE AND ELECTRICAL CHARGE. 7.3.1 It is understood that the electrical service for the Premises (for lights and convenience outlets) is not currently separately metered from service provided to other rentable spaces and common areas of the Building, and so long the Premises (or any portion thereof, including the Basement Space) is not separately metered, Tenant shall pay to Landlord, as additional rent hereunder, within 10 days of being billed therefor, the Electrical Charge (as defined in Section 1.2). Landlord and Tenant each reserves the right, at any time during the Term, to install a monitor or check meter to measure Tenant’s consumption of electricity, in which event Landlord shall calculate the Electrical Charge based on Tenant’s actual usage of electricity, rather than as provided in the previous sentence. 7.3.2 Landlord may elect to collect the Electrical Charge in monthly estimated payments (as reasonably estimated by Landlord from time to time), due on the same date as monthly Fixed Rent installment payments are due hereunder. 7.3.3 At any time during the Term, either party may elect, at such electing party’s cost and expense, to cause electrical service to the Premises to be separately metered and provided directly to the Tenant by the utility supplier, in which event (i) Tenant shall make arrangements for such electrical service directly with the utility supplier, and the provisions of subsection 7.2.1 shall be applicable, (ii) Landlord shall permit the Building’s wires, risers, conduits and other electrical equipment of Landlord to be used to supply electricity to the Premises (pursuant to Section 4.2 and the other applicable terms and conditions of this Lease), (iii) Landlord shall have no further obligations to Tenant with respect to electrical service to the Premises, and (iv) the Electrical Charge shall no longer be due and payable.

ELECTRICAL SERVICE AND ELECTRICAL CHARGE. 7.3.1. It is understood that the electrical service for the Premises (for lights and convenience outlets) is separately metered from service provided to other rentable spaces and common areas of the Building, and Tenant shall pay to utility supplier directly. In the event the Premises shall not be separately metered, then Tenant shall pay to Landlord, as additional rent hereunder, within thirty (30) days of being billed therefor, the Electrical Charge at a rate of $1.75 per rsf or, if Landlord elects, the Tenant Exhibit 10.8 shall pay the Electrical Charge at a rate of $1.75 per rsf in monthly installments due on the same date as monthly Fixed Rent installment payments are due hereunder (regardless of any waiver, deferral or abatement of any Fixed Rent). Landlord reserves the right, at any time during the Term, to install a monitor or check meter to measure Tenant’s consumption of electricity, in which event Landlord shall calculate the Electrical Charge based on Tenant’s actual usage of electricity, rather than as provided in the previous sentence. 7.3.2. Landlord may elect to collect the Electrical Charge in monthly estimated payments (as reasonably estimated by Landlord from time to time), due on the same date as monthly Fixed Rent installment payments are due hereunder.