Common use of Phone System Clause in Contracts

Phone System. Subtenant currently utilizes Sublessor's telephone system and related equipment. During the Term, Subtenant shall be permitted to continue to use such phone system and related equipment and shall pay Sublessor therefor with each rent payment hereunder a monthly fee equal to fifty percent (50%) of the costs incurred by the Sublessor to own, lease and/or operate such phone system payable with each rent payment hereunder. Such equipment shall remain the property of Sublessor, and shall be returned to Sublessor upon termination of this Sublease. In the event Subtenant requires additional phone equipment during the Term, such equipment shall be acquired directly by Subtenant at Subtenant's cost, which additional equipment shall be the property of Subtenant. Subtenant shall pay, within five (5) days of invoice, all long distance charges incurred by Subtenant billed to Sublessor, and Subtenant's pro rata share, based on the number of phone extensions allocated to Sublessor, of local phone charges billed to Sublessor.