Common use of ELECTRICAL CONSUMPTION Clause in Contracts

ELECTRICAL CONSUMPTION. If Tenant’s use of the Premises results in consumption of electricity in excess of Landlord’s estimate of normal usage by an office tenant, as may be adjusted from time to time by Landlord, Landlord may install a separate meter or submeter at Tenant’s cost to measure Tenant’s electrical consumption and ▇▇▇▇ Tenant for Landlord’s estimate of the cost of Tenant’s electrical consumption in excess of Landlord’s estimate of normal office usage. Landlord’s estimate of the cost of Tenant’s excess electricity consumption shall be computed by using the average rate per applicable period being charged by Landlord’s electricity provider.

Appears in 2 contracts

Sources: Office Lease (Eidos Therapeutics, Inc.), Office Lease (Eidos Therapeutics, Inc.)