Common use of After the Commencement Date Clause in Contracts

After the Commencement Date. Landlord’s Consultant (as such term is defined in Section 16.06 of this Article) shall have the right to make a survey (hereinafter called the Initial Survey) of the Demised Premises, indicating the lighting load, office equipment and electrical usage of Tenant as of the date of the Initial Survey. Based upon the Initial Survey, Landlord’s Consultant shall compute the value to Tenant of the estimated electrical service to be furnished to Tenant for the succeeding twelve (12) month period (hereinafter called the Initial Electrical Value), which computation shall be made utilizing the higher of (i) the service classification under which Landlord is billed by the utility company for such electrical service or (ii) the service classification under which Tenant would be billed by the utility company if Tenant purchased such electrical service directly from such utility company. Landlord’s Consultant shall notify Landlord and Tenant of his computation of the Initial Electrical Value (which shall be binding upon both parties). In the event that the Initial Electrical Value shall be greater than the Initial Electricity Factor, then the fixed rent herein reserved and the Electricity Factor shall each be adjusted, retroactive to the Commencement Date, by adding thereto an amount equal the amount by which the Initial Electrical Value exceeds the Initial Electrical Factor.

After the Commencement Date. Landlord’s 's Consultant (as such term is defined in Section 16.06 of this Article) shall have the right to make a survey (hereinafter called the Initial SurveyELECTRICAL SURVEY) of the Demised Premises, indicating the lighting load, office equipment and electrical usage of Tenant as of the date of the Initial Electrical Survey. Based upon the Initial Electrical Survey, Landlord’s 's Consultant shall compute the value to Tenant of the estimated electrical service to be furnished to Tenant for the succeeding twelve (12) month period (hereinafter called the Initial Electrical ValueELECTRICAL VALUE), which computation shall be made utilizing the higher of (i) the service classification under which Landlord is billed by the utility company for such electrical service or (ii) the service classification under which Tenant would be billed by the utility company if Tenant purchased such electrical service directly from such utility company. Landlord’s 's Consultant shall notify Landlord and Tenant of his computation of the Initial Electrical Value (which shall be binding upon both parties). In the event that the Initial Electrical Value shall be greater than the Initial then current Electricity Factor, then the fixed rent herein reserved and Initial Electricity Factor (or if any such adjustment shall have been made previously, the Electricity Factor Factor) shall each be adjusted, retroactive to the Commencement DateDate (or, if any such adjustment shall have been made previously, the effective date of such adjustment), by adding thereto an amount equal the amount by which the Initial current Electrical Value exceeds the Initial Electrical Factor.