Utility Contracts. If Seller has entered into an agreement for the purchase of electricity, gas or other utility service for the Property or a group of properties (including the Property) (a "Utility Contract"), or an affiliate of Seller has entered into a Utility Contract, then, at the option of Seller, either (a) Purchaser either shall assume the Utility Contract with respect to the Property, or (b) the reasonably calculated costs of the Utility Contract attributable to the Property from and after the Closing shall be paid to Seller at the Closing and Seller shall remain responsible for payments under the Utility Contract.
Utility Contracts. A Seller Affiliate will allow Steeringmex, until thirty (30) days after Closing, to continue to receive electricity (“Post-Closing Mexico Utilities”) under certain mutually agreed utility contracts listed in Schedule 9.20.2 to this Agreement from the applicable utility service provider(s), including keeping that certain $180,000.00 deposit (the “Mexico Deposit”) in place. Steeringmex will enter into separate utility contracts with the applicable utility service provider(s). Within ten (10) days after receipt of an invoice for the Post-Closing Mexico Utilities, Steeringmex will pay the applicable Seller Affiliate for the Post-Closing Mexico Utilities.
Utility Contracts. All utility services (including, without limitation, electricity, gas, water, sewer and telecommunication) shall be prorated as of the Cut Off Time between Purchaser and Seller. To the extent practicable, readings shall be obtained for all utilities as of the Cut Off Time. If not practicable, the cost of such utilities shall be prorated between Seller and Purchaser by estimating such cost on the basis of the most recent xxxx for such service; provided, however, that after the Closing, Seller and Purchaser shall reprorate the amount for such utilities and pay any deficiency in the original proration to the other Party promptly upon receipt of the actual xxxx for the relevant billing period. Seller shall receive a credit for all deposits actually transferred to Purchaser or which remain on deposit for the benefit of Purchaser (as acknowledged orally or in writing by such utility) with respect to such utility contracts.
Utility Contracts. Telephone and telex contracts and contracts for the supply of heat, steam, electric power, gas, lighting and any other utility service shall be prorated as of the Cut-off Time, with Seller receiving a credit for each deposit, if any, made by Seller as security under any such public service contracts if the same is transferable and provided such deposit remains on deposit for the benefit of Purchaser. Where possible, cut-off readings will be secured for all utilities on the Closing Date.
Utility Contracts. If Seller has entered into an agreement for the purchase of electricity, gas or other utility service for the Property or a group of properties (including the Property) (a “Utility Contract”), or an affiliate of Seller has entered into a Utility Contract, then Seller shall assign and Purchaser shall assume the Utility Contract with respect to the Property, and if required by the terms of such Utility Contract, Purchaser shall attempt to obtain consent to such assignment and assumption, and Purchaser shall hold harmless and, if requested by Seller (in Seller’s sole discretion), defend (with counsel approved by Seller) Seller’s Indemnified Parties from and against any and all Losses arising from or related to Purchaser’s failure to obtain such consent. Notwithstanding the foregoing, Seller may instead elect to receive a credit at Closing equal to the reasonably calculated costs of the Utility Contract attributable to the Property from and after the Closing, and Seller shall remain responsible for payments under the Utility Contract.
Utility Contracts. Intentionally deleted.
Utility Contracts. Telephone and telex contracts and contracts for the supply of heat, steam, electric power, gas, lighting, wireless internet access and any other utility service shall be apportioned between the parties, with Seller receiving a credit for each deposit, if any, made by Seller as security under any such public service contracts if the same is transferable and provided such deposit remains on deposit for the benefit of Purchaser. Where possible, cut-off readings will be secured for all utilities on the Closing Date.
Utility Contracts. Transferors will not permit Project Owner to enter into any agreement with any utility company (public or private) to provide utility services to the Project unless either (i) such utility contract is terminable on not more than 30 days notice without the payment of any termination fee or penalty or (ii) such utility contract has been approved in writing by BH Investor except as set forth on Exhibit L attached hereto.
Utility Contracts. Seller will not permit Project Owner to enter into any agreement with any utility company (public or private) to provide utility services to the Project unless either (i) such utility contract is terminable on not more than 30 days notice without the payment of any termination fee or penalty or (ii) such utility contract has been approved in writing by Purchaser.
Utility Contracts. Cable Contract Yes No Provider Other utility contracts? Yes No Provider(s) DOORS (Exterior) Age (Yrs) Poor Fair Good Excellent Type FOUNDATION, CRAWL AND BASEMENT Age (Yrs) Poor Fair Good Excellent ASBESTOS PRESENT Yes No NESHAP Environment Audit LEAD PAINT PRESENT Yes No MOLD PRESENT Yes No MAILBOXES Age (Yrs) Poor Fair Good Excellent Type On accessible route? Yes No PLAYGROUND EQUIPMENT Age (Yrs) Poor Fair Good Excellent Type Meets safety guidelines? Yes No Poor Fair Good Excellent Is playground on accessible route? Yes No SWIMMING POOL Age (Yrs) Poor Fair Good Excellent FENCING Age (Yrs) Poor Fair Good Excellent Type, Material, and Height Perimeter/Partial? DUMPSTERS Poor Fair Good Excellent Locations Number Existing/Proposed Existing Proposed COMMON AREAS (CONT'D) DETAIL/CONDITION PROJECT SIGN Age (Yrs) Poor Fair Good Excellent Lighted? Yes No Sign to be replaced? Yes No OTHER Support Beams Material Poor Fair Good Excellent Joists Poor Fair Good Excellent Piers/Columns Age (Yrs) Poor Fair Good Excellent HVAC, Adequate venting? Yes No Last Inspection Date Supply/drain pipes Poor Fair Good Excellent GENERAL DETAIL/CONDITION MINIMUM SQUARE FOOTAGE If units are to be converted One bedroom Units: Min 700 S.F. Yes No Two bedroom Units: Min 850 S.F. Yes No Three Bedroom Units: Min 1050 S.F. Yes No Site Office Yes No Total S.F. Maintenance Shop Yes No Total S.F. LOCATION ON ADA COMPLIANT ROUTE Yes No FIRE HISTORY OF PROPERTY ADDITIONAL PROJECT NOTES/COMMENTS Life Expectancy (Years) of Different Products/Items/Materials NOTE: Items that are beyond 50% of life expectancy shall be replaced. DSHA reserves the right to add/delete any item to the required rehabilitation. APPLIANCES FINISHES Disposal 5 Exterior, paint, plaster, stucco 3-5 Microwave ovens 5 Interior, wall paint 3-5 Ranges, free standing/built-in, electric/gas 12 Interior, door/trim paint 5-10 Refrigerators, Standard 10 FLOORS BATHROOMS Vinyl sheet or tile 10 Cast iron bathtub, resurface 25 Carpeting 5 Fiberglass bathtub and shower 10 HEATING VENTILATION/AIR CONDITIONG Shower doors (average quality) 5 Air Conditioning Unit, Central Xxxx 00 Xxxxxx 00 Xxxxxx Xxxx 0 CABINETRY A/C compressor 5-7 Kitchen cabinets 10 Rooftop air conditioners 10 Medicine cabinets/bath vanities 10 Furnaces, gas or oil fired 15 COUNTERTOPS Forced air furnaces, heat pump 10 Laminate 10 Unit heaters, gas or electric 10 DOORS Radiant heaters 10 Screen 10 Ductwork, plastic 15 Interior, six panel masonite 15 Air terminals, diffusers...
