Example ContractsClauseselectricityVariants
Electricity
Electricity contract clause examples

Electricity. As soon as reasonably practical following the execution and delivery of this Amendment by Landlord and Tenant, Tenant shall install, at Tenant’s sole cost and expense, a submeter or submeters, for the purposes of measuring Tenant’s consumption of electricity at the Premises. The installation of the submeter shall be performed in accordance with the provisions of the Lease, including, without limitation, Article 11 thereof. Commencing on the later to occur of # the Additional Premises Commencement Date and # the date on which the installation of the submeter(s) is completed (the “Submeter Date”), Tenant shall pay for electricity in the manner set forth in Section 14.01 of the Lease; provided, however, that, from and after the Submeter Date to and including the date of the expiration or earlier termination of the Lease, Tenant shall pay to Landlord, with payments of the monthly installments of annual fixed rent, an amount equal to five percent (5%) of the cost of the electricity consumed at the Additional Premises during the immediately prior month (or portion thereof if the Submeter Date occurs on a date other than the first day of any calendar month or if the term of the Lease expires on a date other than the last day of any calendar month) for each month of the term of the Lease. So long as Tenant is diligently prosecuting the installation of the submeter(s), Tenant shall not be obligated to pay for electricity consumed at the Additional Premises prior to the Submeter Date.

Electricity. As provided in Paragraph 2.b.i. above. Landlord is performing the work required to cause the electricity consumed in the Additional Fourteenth Floor Premises to be measured by the existing sub-meter that was installed by Tenant on the fourteenth (14th) floor pursuant to Paragraph 4 of the Fourth Amendment. Accordingly, Tenant shall reimburse Landlord for the actual cost to Landlord of the electricity, as shown on the sub-meter, plus five percent (5%) for Landlord’s overhead in monitoring the same.

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