Common use of Fuel, Utilities and Electric Cost Escalation Clause in Contracts

Fuel, Utilities and Electric Cost Escalation. If utility and energy costs, including any fuel surcharges or adjustments with respect thereto, incurred for water, sewer, gas, electric, other utilities and heating, ventilating and air conditioning for the Building, including all leased and leasable areas (not separately billed or metered within the Building), and Common Facilities electric, lighting, water, sewer and other utilities for the Building and other portions of the Real Property (collectively referred to in this Lease as “Utility and Energy Costs”), for any Lease Year or Partial Lease Year during the Term will be greater than the Base Utility and Energy Costs (reduced proportionately to correspond to the duration of periods less than a Lease Year), then Tenant will pay to Landlord as Additional Rent, Tenant’s Percentage of all such excess Utility and Energy Costs.

Appears in 5 contracts

Samples: Shared Services Agreement (Mack Cali Realty L P), Lease Agreement (Rosetta Genomics Ltd.), Short Form Lease (Ophthotech Corp.)

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Fuel, Utilities and Electric Cost Escalation. If utility and energy costs, including any fuel surcharges or adjustments with respect thereto, incurred for water, sewer, gas, electric, other utilities and heating, ventilating and air conditioning for the Building, including all leased and leasable areas (not separately billed or metered within the Building), and Common Facilities electric, lighting, water, sewer and other utilities for the Building and other portions of the Real Property (collectively referred to in this Lease as "Utility and Energy Costs"), for any Lease Year or Partial Lease Year during the Term will be greater than the Base Utility and Energy Costs (reduced proportionately to correspond to the duration of periods less than a Lease Year), then Tenant will pay to Landlord as Additional Rent, Tenant’s 's Percentage of all such excess Utility and Energy Costs.

Appears in 1 contract

Samples: Short Form Lease (Ivivi Technologies, Inc.)

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