Standard Usage Billing Sample Clauses

Standard Usage Billing. Electricity used by Tenant in the Premises shall be paid for by Tenant by either: a. By a separate charge payable by Tenant to Landlord within 30 days after billing by Landlord or by separate charge billed by the applicable utility company and payable directly by Tenant. Initially, electrical service to the Premises will be supplied through existing electrical components and may, during the Term, be furnished by one or more companies providing electrical generation, transmission and distribution services, and the cost of electricity may consist of several different components or separate charges for such services, such as generation, distribution and stranded cost charges. Landlord shall have the exclusive right to select any company providing electrical service to the Premises, to aggregate the electrical service for the Office Area and Premises with other properties and buildings, to purchase electricity through a broker and/or buyers group and to change the providers and manner of purchasing electricity; provided that in no event shall the cost of electricity exceed the prevailing rates in the area in which the Building is located; or b. By direct billing by the public utility.