Electrical Charge Clause Samples
The Electrical Charge clause defines the terms under which costs for electricity usage are calculated and billed between parties, typically in a lease or service agreement. It outlines how electrical consumption will be measured, who is responsible for payment, and may specify the method of metering or allocation of charges, such as submetering or pro-rata distribution. This clause ensures that there is a clear and fair process for allocating electricity expenses, preventing disputes over utility costs and clarifying financial responsibilities.
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Electrical Charge. Building-standard electricity for Tenant’s current normal office uses is included as an Operating Expense. Electricity for above-standard uses and times are subject to additional Building-standard charges.
Electrical Charge. From and after the Commencement Date, Tenant shall pay to Landlord the cost for the actual electricity charges incurred in the operation of the Premises based on the submeter for the Premises or other building management system’s calculation of electrical consumption within the Premises. Tenant shall pay for the first month of the Term, an estimated amount equal to $1.50 per rentable square foot, per annum, and for each month thereafter during the Term, Tenant shall pay the actual charges associated with Tenant’s use of electricity within the Premises upon receipt of an invoice from Landlord. As soon as practicable after each Lease Year or Partial Lease Year, Landlord will give Tenant a statement (the “Electric Statement”) showing the actual amounts payable by Tenant under this Rider during such Lease Year. If the Electric Statement shows that the actual amount Tenant owes for such Lease Year or Partial Lease Year is less than the estimated amount paid by Tenant during such Lease Year or Partial Lease Year, Landlord, at its option, will either return the difference or credit the difference against the next succeeding payment(s) of the monthly electric charge, provided a sufficient number of months remain in the term to exhaust the amount owed. If the Electric Statement shows that the actual amount Tenant owes is more than the estimated electrical charge paid by Tenant during such Lease Year or Partial Lease Year, Tenant will pay the difference after the following month from when the Electric Statement is delivered to Tenant. Upon request, the Landlord will provide the Tenant copies of its electrical bills.
Electrical Charge. Subtenant shall pay directly to OMV the ----------------- "Electricity Cost" for the Premises in accordance with Section 7 of the ▇▇▇▇▇▇▇▇▇.
Electrical Charge. Effective as of June 17, 1999, the Tenant's Electrical Charge described in Article I and Section 3.1 of the Lease shall be the sum of One Thousand Seven Hundred Fourteen and 96/100 Dollars ($1,714.42) per month (which is $0.95 per rentable square foot per annum).
Electrical Charge. 3.1.1 Customer and Operating Partner have agreed on a rate card for Operating Partner’s procurement of electricity (the “Approved Rate Card”), which is attached as Exhibit D. The Approved Rate Card includes (a) rates for electricity and (b) planned curtailment during selected peak demand periods (the “Planned Curtailment”).
3.1.2 Operating Partner may invoice Customer on a monthly basis for, and Customer shall pay in the manner set forth below, the Customer Electricity Charge (as hereinafter defined). The “Customer Electricity Charge” shall be one hundred percent (100%) of the costs of electricity (including required deposits used by the Customer Mining Equipment as determined by separate meter(s) plus the pro rata share (in the proportion that the Customer Mining Equipment’s electrical consumption bears to the electrical consumption of all Mining equipment at the Premises) of the electrical power bill (including any deposits and adjustments to such deposits) attributable to the balance of the Premises (excluding, for avoidance of doubt, Customer Mining Equipment electrical consumption) as determined by the actual amounts paid by Operating Partner to its electricity provider for the Premises, without premium or markup. Any deposits returned to Operating Partner from power providers that were included as part of the Customer Electricity Charges described above shall be returned to Customer within ten (10) days of receipt by Operating Partner; however, if for any reason other than a default by Customer in paying the Customer Electricity Charge the deposit paid by Customer has not been returned to Operating Partner within sixty (60) days following the end of the Term or earlier termination of this Agreement, Operating Partner shall reimburse Customer for such deposit and thereafter be permitted to retain the deposit when recovered from its electricity provider. Notwithstanding any provision of this Agreement to the contrary, Customer shall have no responsibility to pay for any electricity costs that exceed the corresponding charges reflected in the Approved Rate Card. Customer shall pay the Customer Electricity Charge no later than the date that is the later of (i) the fourteenth (14th) day of each month during the Term and (ii) the ten (10) days following Customer’s receipt from Operating Partner of an invoice for such month. Such invoices shall include a copy of the electricity invoices that Operating Partner received, reflecting the actual electricity cost...
Electrical Charge. Tenant shall pay for all electrical charges used in the Premises, which charges are not subject to any base year or abatement. Tenant shall pay for all electricity used in the Premises, which charges are not subject to any base year or abatement. Building-standard HVAC service is included in the Operating Expenses and is not payable separately by Tenant except as otherwise provided herein.