Common use of Electricity Usage Clause in Contracts

Electricity Usage. Throughout the Sublease Term, including without limitation the Free Rent Period, Subtenant will pay for all electricity used by Subtenant in the Subleased Premises during the Sublease Term for lights and plugs, as measured by a submeter, at the rates charged for such services by the local public utility. As payment for such electricity, Subtenant will pay to Sublandlord estimated electricity usage charges (the “Estimated Electricity Usage Charges”) equal to $1.50 per rentable square foot of the Subleased Premises per annum, as such amount may be increased from time to time by notice from Sublandlord to Subtenant. Such notice may be given if Sublandlord receives a notice of increase in the estimated electricity usage charges owed by Sublandlord under Section 13.1.1 of the Master Lease, and Sublandlord’s notice shall in such event include a copy of such Master Landlord notice. Such Estimated Electricity Usage Charges hereunder shall be payable to Sublandlord in equal monthly installments (prorated for a partial calendar month on the basis of the actual number of days in such month) concurrently with Subtenant’s payment of monthly Base Rent to Sublandlord hereunder. Notwithstanding the foregoing, during the Early Access Period, such Estimated Electricity Usage Charges shall be due and owing from Subtenant, but will be calculated on the rentable square footage of the Early Access Area rather than the total rentable area of the Subleased Premises.

Appears in 2 contracts

Sources: Sublease (ConforMIS Inc), Sublease (ConforMIS Inc)