Common use of Electrical Substation Charges Clause in Contracts

Electrical Substation Charges. That if the permission to receive and distribute bulk supply of electricity in the said complex is received by the Developer or its nominated maintenance agency of the association, the Purchaser(s) herein undertakes to abide by all the conditions of the sanction of bulk supply and to pay on demand, proportionate share of all deposits or charges paid or payable by the agency to whom permission to receive bulk supply and distribute the same is granted. Subject to the foregoing the Purchaser(s) shall execute a power supply agreement and/or any other document as may be required for this purpose, containing the requisite terms and conditions. That The Purchaser(s) shall pay to the developer, in proportion to the area of the Apartment, the charges incurred by the developer towards installation of equipment, setting up of substation and deposits paid to West Bengal state electricity board (WBSEB)/New town electric supply Developer Ltd (NETESL) or any other Government/Statutory authority. The Purchaser(s) further agrees to pay to the developer or to the concerned authority installation charges for electric meter, cable connection charges, security deposit for the electric meter, and energizing charges. The Purchaser(s) shall sign and execute all papers, documents, agreements, undertakings as prescribed for the purpose of obtaining electricity, power back up facility and/or any other service or connection in the complex as and when required by the Developer.

Appears in 7 contracts

Samples: Agreement for Sale, Agreement for Sale, Agreement for Sale

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