Electricity to the Premises Clause Samples

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Electricity to the Premises. The Base Rent payable by Tenant under this Lease is “net of electricity”. Landlord shall contract directly with the utility provider from and after the Delivery Date for the Premises, and after the Fifth Floor Premises Delivery Date for the Fifth Floor Premises, and will invoice Tenant on a monthly basis for the cost of electricity provided to the Premises as measured by submeters installed therein, without any mark-up, except for Landlord’s actual costs. ▇▇▇▇▇▇▇▇’s failure to invoice Tenant for such electricity usage shall not be deemed to be a waiver of Tenant’s obligation to pay to Landlord for the cost of electricity utilized in the Premises which shall be a continuing obligation of Tenant whether or not timely invoiced. Landlord will provide electrical capacity to the Premises of at least six (6) ▇▇▇▇▇ per rentable square foot of the Premises (inclusive of the HVAC system therein). Electricity for elevators is measured on a separate Building panel.
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Electricity to the Premises. All electricity directly serving the Premises shall be metered and Tenant shall pay, as monthly rental, the actual cost (without ▇▇▇▇ up by Landlord) of all such directly metered electricity to Landlord as a reimbursement, provided that at Landlord’s election, Tenant shall pay the electrical utility provider directly, except that Tenant shall remain obligated to pay Landlord as reimbursement Tenant’s Percentage Share of the cost of all other electricity utilized in the Facility outside of space demised to third party tenants of the Facility (specifically including the Common Area variable portion of the electricity which shall be grossed up to 95% occupancy). Such payments to Landlord shall be made within thirty (30) days of Landlord’s delivery of an invoice to Tenant therefor. Tenant acknowledges that its server room will use an amount of electricity equal to or greater than 4.0 ▇▇▇▇▇ per usable square foot, which usage Tenant shall meter separate and apart from all other usage in the Building.
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Electricity to the Premises. All electricity directly serving the Premises shall be metered, and Tenant shall pay to Landlord, as Rent at the same time and in the same manner as payment of Monthly Minimum Rent, Operating Expenses, Taxes and Assessments, an amount equal to Landlord’s estimate of the cost of all such directly metered electricity to Landlord as a reimbursement. Concurrently therewith, Tenant shall additionally pay Landlord Tenant’s Percentage Share of the estimated cost of all other electricity utilized in the Facility (specifically including, without limitation, the Common Area variable portion of the electricity which shall be grossed up to 95% occupancy) but not including space demised to third party tenants of the Building. One time per calendar year, ▇▇▇▇▇▇▇▇ shall perform a reconciliation between such estimates and the actual costs, and notify Tenant of any deficiency or overage. Payments to Landlord of any deficiency shall be made within thirty (30) days of Landlord’s delivery of an invoice to Tenant therefor. Subject to all of the terms, conditions and limitations pertaining to Tenant’s audit right in Section 6.8 herein, Tenant shall have the right to review the books and records of the Landlord in connection with the electricity costs billed to Tenant, and audit the same at Tenant’s election. If any audit reveals that Landlord overstated the electricity costs by more than five percent (5%), Landlord shall pay the cost of such audit. Landlord shall refund to Tenant any overage in Tenant’s estimated payments to Landlord pursuant hereto. Notwithstanding the foregoing, at Landlord’s election, Tenant shall pay the electrical utility provider directly with respect to electricity directly serving the Premises.
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Related to Electricity to the Premises

  • The Premises Landlord hereby leases to Tenant and Tenant hereby leases from Landlord the premises set forth in Section 2.2 of the Summary (the “Premises”). The outline of the Premises is set forth in Exhibit A attached hereto. The outline of the “Building” and the “Project,” as those terms are defined in Section 1.1.2 below, are further depicted on the Site Plan attached hereto as Exhibit A. The parties hereto agree that the lease of the Premises is upon and subject to the terms, covenants and conditions herein set forth, and Tenant covenants as a material part of the consideration for this Lease to keep and perform each and all of such terms, covenants and conditions by it to be kept and performed. The parties hereto hereby acknowledge that the purpose of Exhibit A is to show the approximate location of the Premises only, and such Exhibit is not meant to constitute an agreement, representation or warranty as to the construction of the Premises, the precise area thereof or the specific location of the “Common Areas,” as that term is defined in Section 1.1.3, below, or the elements thereof or of the accessways to the Premises or the “Project,” as that term is defined in Section 1.1.2, below, and that the square footage of the Premises shall be as set forth in Section 2.1 of the Summary of Basic Lease Information. Except as specifically set forth in this Lease and in the Tenant Work Letter attached hereto as Exhibit B (the “Tenant Work Letter”), Landlord shall not be obligated to provide or pay for any improvement work or services related to the improvement of the Premises. ▇▇▇▇▇▇ also acknowledges that neither Landlord nor any agent of Landlord has made any representation or warranty regarding the condition of the Premises, the Building or the Project or with respect to the suitability of any of the foregoing for the conduct of ▇▇▇▇▇▇’s business, except as specifically set forth in this Lease and the Tenant Work Letter. For purposes of Section 1938 of the California Civil Code, Landlord hereby discloses to Tenant, and Tenant hereby acknowledges, that the Building and Premises have not undergone inspection by a Certified Access Specialist (CASp). Landlord shall deliver the Premises to Tenant in good, vacant, broom clean condition, in compliance with all laws, with the roof water-tight and shall cause the plumbing, electrical systems, fire sprinkler system, lighting, and all other building systems serving the Premises in good operating condition and repair on or before the Lease Commencement Date, or such earlier date as Landlord and Tenant mutually agree. Landlord will be responsible for causing the exterior of the Building, the existing Building entrances, and all exterior Common Areas (including required striping and handicapped spaces in the parking areas) to be in compliance with ADA and parking requirements, to the extent required to allow the legal occupancy of the Premises or completion of the Tenant Improvements.

  • Leased Premises Lessor hereby leases to Lessee, and Lessee leases and takes from Lessor, the Leased Premises subject to the conditions of this Lease.