Common use of Utility Cost Clause in Contracts

Utility Cost. 1. Party B shall pay the cost of utilities for the use of the kitchen for their catering operations, including but not limited to electricity, water, waste management, heating, air-conditioning, etc., and the cost of using internet connections for the EPOS system and other necessary features, to the bank account designated by Party A on the 15th of each month for the duration of the Contract Term. Utility cost is exclusive of all applicable taxes, and the related taxes are to be borne by Party B. 2. The official rate of utilities, determined by the agreement between Party A and IICC Limited, shall be officially applied. 3. Upon conclusion of the contract, Party B shall be responsible for maintaining the optimal condition of the operation area and auxiliary spaces such as the kitchen, pantry and any other spaces pertaining to their catering operation. All utility costs incurred by maintaining those areas shall be borne by Party B.