Rent Inclusion. (i) If and so long as Landlord provides electricity to the demised premises on a rent inclusion basis, Section 3.C below shall not apply and Tenant agrees that the fixed annual rent shall be increased by the amount of the Electricity Rent Inclusion Factor (“ERIF”), as hereinafter defined, determined from time to time and by the amounts as hereinafter determined. Tenant acknowledges and agrees (a) that the fixed annual rent set forth in Article 2 of this lease does not yet, but, if Landlord is required to discontinuing the distribution of electricity on a “submetering” basis, is to, at such time, include initially an ERIF of $3.00 dollars per rentable square foot per annum to compensate Landlord for electrical wiring and other installations necessary for, and for its obtaining and making available to Tenant the redistribution of electric current as an additional service; and (b) that said ERIF, which shall be subject to periodic adjustments as hereinafter provided, has been partially based upon an estimate of Tenant’s connected electrical load, which shall be deemed to be the demand (KW), and hours of use thereof, which shall be deemed to be the energy (KWH) for ordinary lighting and light office equipment and the operation of typical small business machines, including copying machines, personal computers and peripheral equipment such as printers, telephone switching equipment and facsimile transmission machines (such lighting, machines and equipment are hereinafter called “Ordinary Equipment”) for forty-five (45) hours per week during the hours 8:00 a.m. to 5:00 p.m., Mondays through Fridays, including holidays (“ordinary business hours”), with Landlord providing an average connected load of six (6) xxxxx of electricity for all purposes per usable square foot, which shall be the maximum electric service Landlord shall be obligated to redistribute to the demised premises. Any installation and use of equipment other than Ordinary Equipment and/or any connected load and/or any energy usage by Tenant in excess of the foregoing shall result in adjustment of the ERIF as hereinafter provided.
(ii) If the cost to Landlord of electricity shall have been, or shall be, increased subsequent to April 30 of the year in which this lease is dated (whether such change occurs prior to or during the term of this lease), due to (a) any change in costs or fees paid by Landlord under any agreement for the supply and/or distribution of electricity to the Building or electric rat...
Rent Inclusion. Tenant acknowledges and agrees that if electric current is furnished to the demised premises on a rent-inclusion basis, then (i) the fixed rent set forth in this lease shall be increased by the "
Rent Inclusion. If and so long as Lessor provides electricity to the demised premises on a rent inclusion basis, Lessee agrees that the fixed annual rent shall be increased by the amount of the Electricity Rent Inclusion Factor ("ERIF"), as hereinafter defined. Lessee acknowledges and agrees (i) that the fixed annual rent hereinabove set forth in this lease does not yet, but is to include an ERIF of $2.75 per rentable square foot to compensate Lessor for electrical wiring and other installations necessary for, and for its obtaining and making available to Lessee the redistribution of, electric current as an additional service; and (ii) that said ERIF, which shall be subject to periodic adjustments as hereinafter provided, has been partially based upon an estimate of the Lessee's connected electrical load, which shall be deemed to be the demand (KW), and hours of use thereof, which shall be deemed to be the energy (KWH), for ordinary lighting and light office equipment and the operation of the usual small business machines, including Xerox or other copying machines (such lighting and equipment are hereinafter called "Ordinary Equipment") during ordinary business hours ("ordinary business hours" shall be deemed to be 50 hours per week), with Lessor providing an average connected load of 4 1/2 xxxxx of electricity for all purposes per
Rent Inclusion. If electric current be supplied by Landlord, at Landlord's option, pursuant to this clause, Tenant covenants and agrees to have it supplied to Tenant a the demised premises based on the method of including the use thereof within the annual rent and the annual rent reserved herein shall be increased as hereinafter set forth, in consideration of Landlord supplying electric current as an additional service as hereinafter provided. At any time after Tenant is in possession of the demised premises, a reputable electrical consultant selected by Landlord shall (but, if this lease be a renewal or shall subsequently be extended, or if an electric rent inclusion modification agreement is being executed in connection with this lease. Landlord shall have the option, but not the obligation to) make a survey of the electrical equipment, usage and powerload to ascertain the electric current consumption and demand in the demised premises on an annual basis, and calculate the annual rent increase resulting therefrom utilizing charges, taxes, term and rates as set by Landlord from time to time, but, except as hereinafter set forth not more than those specified in the Service Classification No. 2 on September 7, 1970, that being the date immediately prior to which the rates of Consolidated Edison Company of New York, Inc. were adjusted and consolidated with respect to redistribution of electric current to commercial buildings. Such charges, taxes, terms and rates may be revised by Landlord, at its option, from time to time, in the same proportion as any increases after the aforesaid date in the charges, taxes, terms or rates to Landlord in connection with the supply of electric current to the building. Following the making of any such survey, the parties shall execute an agreement prepared by Landlord amending this lease and setting forth the increase in annual rent calculated as aforesaid, as of the date of the commencement of the furnishing of electric current to the demised premises pursuant to this clause B, but such increase shall be effective from that date even if such agreement is not executed. Landlord, its agent or consultant, is given the right to make surveys, from time to time, in the demised premises covering the electric equipment and use of electric current. If, after the date of such initial survey (or if subdivision "(i)" or "
Rent Inclusion. (i) Unless Owner elects to supply electricity to the Demised Premises in accordance with subsection (c) or to have Tenant obtain electricity from the public utility furnishing electricity to the Building pursuant to the provisions of subsection (d) hereof, Owner shall furnish electric current to the Demised Premises for the use of Tenant for the operation of the lighting fixtures and the electrical receptacles for ordinary office equipment in the Demised Premises on a “rent inclusion” basis, that is, there shall be no separate charge to Tenant for such electric current by way of measuring such electricity service on any meter. The Base Rent set forth in this Lease includes an annual charge in the amount of $13,200.00 (the “Electricity Inclusion Factor”).
(ii) The Electricity Inclusion Factor shall be collectible by Owner in the same manner as annual Base Rent.
(iii) If Owner discontinues furnishing electricity to Tenant in accordance with this Article, the annual Base Rent shall be decreased by the annual Electricity Inclusion Factor.
Rent Inclusion. If and so long as Sublessor provides electricity to Subleased Premises on a rent inclusion basis, Sublessee agrees:
Rent Inclusion. For the purposes of SUBSECTION 49.2.2, Landlord and Tenant agree that:
Rent Inclusion. For the purposes of this Section 44.2.2, Landlord and Tenant agree that:
Rent Inclusion. 29 21.03. Submetering ............................................ 30 21.04. Direct Meter ........................................... 31 21.05. Landlord's Statements and Bills ........................ 31 21.06. Change of Service ...................................... 31 21.07. Additional Installations ............................... 32
Rent Inclusion. Landlord shall redistribute or furnish electricity to the Demised Premises on a "rent inclusion" basis in such reasonable quantities as may be required by Tenant to service Tenant's ordinary office equipment installed in the Demised Premises as of the Commencement Date. Tenant shall pay to Landlord, on account, the annual sum of $1.50 per square foot of Rentable Area, which sum is included in the fixed rent as set forth in Article 3.01(a) ("Electric Rent"). At any time during the term, Landlord, at Tenant's sole cost and expense, may cause an independent electrical engineer or electrical consulting firm selected by Landlord (hereinafter referred to as the "Engineer") to make a survey of Tenant's electrical equipment located in the Demised Premises, and the use thereof, to determine if the full value of electricity furnished to the Demised Premises exceeds the Electric Rent. If the value of such electricity (applying the Electric Rate to Tenant's usage) exceeds the Electric Rent, Landlord shall furnish a copy of said survey to Tenant and Landlord shall adjust the Electric Rent and fixed rent in accordance with the survey and the Electric Rate, or Cost per Kilowatt and cost per Kilowatt Hour in effect on the date hereof, as adjusted in accordance with Section 21.02 (iii) below.
