Common use of Electricity Charges Clause in Contracts

Electricity Charges. Landlord shall not be liable for any interruption any utility service for any reason unless caused by the gross negligence or willful misconduct of Landlord. Tenant shall pay to Landlord, as Additional Rent, within fifteen (15) business days of receipt of Landlord’s billing statement therefor, all charges incurred by Landlord for electricity, such charges to be based upon Tenant’s consumption, as measured by Landlord’s submeter for the Premises.

Appears in 2 contracts

Samples: Lease (TMS International Corp.), Lease (Tube City IMS CORP)

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Electricity Charges. Landlord shall not be liable for any interruption to any utility service for any reason unless caused by the gross negligence or willful misconduct of Landlord. Tenant shall contract with and pay directly to Landlord, as Additional Rent, within fifteen (15) business days of receipt of Landlord’s billing statement therefor, all charges incurred by Landlord the energy provider for electricity, such charges to be based upon Tenant’s consumption, as measured by Landlord’s submeter for its electrical consumption in the Premises. In the event Tenant fails to pay the provider, Landlord may, but shall not be required to, pay such provider and be reimbursed by Tenant with interest charged at a rate of 12%.

Appears in 1 contract

Samples: Lease (Cadista Holdings Inc.)

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Electricity Charges. Landlord shall not be liable for any interruption any utility service for any reason unless caused by the gross negligence or willful misconduct of Landlord. (a) Tenant shall pay to Landlord, as Additional Rent, within fifteen (15) business days of receipt of Landlord’s billing statement therefor, all charges incurred billed by Landlord Landlord, or its agent, for electricity, such charges to be based upon Tenant’s consumption, as measured by Landlord’s submeter for the Premises. Landlord shall not be liable for any interruption or delay in electric or any other utility service for any reason.

Appears in 1 contract

Samples: Lease (Ameriquest, Inc.)

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