Separate Meter definition
Examples of Separate Meter in a sentence
Landlord shall install any such Separate Meter at Landlord’s expense, except that Tenant shall reimburse Landlord (within thirty (30) days after invoice) for the costs of any such Separate Meter installed by Landlord following Tenant’s Overstandard Use (as defined below) of electricity or water for a period of two (2) consecutive months or four (4) months in any twelve (12) month period during the Term of this Lease.
Separate Meter shall be located as set out in the Information Memorandum.
From and after the later of the Phase I Commencement Date and the install of the Separate Meter, Tenant shall pay to Landlord monthly as Additional Rent an amount equal to the actual number of kilowatt hours of electrical service provided to the Premises, multiplied by the average rate per kilowatt hour paid by Landlord for the Building plus any Alternative Billing for the aforementioned air handler; and there shall be no markup or additional amounts charged to Tenant.
Notwithstanding the foregoing, Landlord shall install the Separate Meter within 90 days after the Remaining Space Commencement Date, provided that with respect to the air handler that serves both the Premises and the adjacent space, Tenant understands it may be impractical for Landlord to install the Separate Meter, in which case the Alternative Billing will continue for the payment of electricity related to such air handler.
If the Phase I Commencement Date occurs before Landlord shall install the Separate Meter, then Landlord shall make a reasonable estimate of Tenant’s and the adjoining tenant’s respective shares of electrical usage periodically, and ▇▇▇▇ Tenant on a monthly basis for its proportionate share accordingly (the “Alternative Billing”).