Utility Fee Clause Samples
A Utility Fee clause establishes the obligation for one party, typically a tenant or occupant, to pay for utilities such as water, electricity, gas, or internet services associated with the use of a property. This clause specifies which utilities are covered, how the costs are calculated or allocated, and the payment process, such as whether the party pays the provider directly or reimburses the property owner. Its core function is to clearly assign responsibility for utility expenses, preventing disputes and ensuring that all parties understand their financial obligations regarding utility usage.
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Utility Fee. $150.00 (Please list appliances below) ALL appliances and electrical needs MUST be listed. The Brown County Fair reserves the right to limit number of outlets.
Utility Fee. (a) As compensation for the services provided hereunder by the Concessionaire to
Utility Fee. (a) As compensation for the services provided hereunder by the Concessionaire to the University in connection with the Utility System, the University shall pay to the Concessionaire the Utility Fee for each Fiscal Year or portion thereof during the Term as determined in accordance with the formula described in Schedule 5 and in the manner set forth in this Section 7.1. At least 180 Days prior to the commencement of any Fiscal Year during the Term, the Concessionaire shall provide a forecast of the Utility Fee to the University for the upcoming Fiscal Year (the “Forecast Utility Fee”), provided that the Concessionaire shall, until 30 Days prior to the commencement of such Fiscal Year, adjust such Forecast Utility Fee if necessary based on the portion of the Approved Five-Year Plan applicable to such Fiscal Year. The University shall pay the Forecast Utility Fee in 12 equal monthly installments, payable on the first Day of every month during the Fiscal Year. The Forecast Utility Fee for the first Fiscal Year of the Term shall be $54,200,000 prorated based on the number of Days remaining in the first Fiscal Year after the Closing and payable in equal monthly installments over the number of months remaining in such Fiscal Year.
(b) Within 60 Days after the end of each Fiscal Year, the Concessionaire shall deliver to the University a statement (the “Reconciliation Statement”) which states the actual Utility Fee for the preceding Fiscal Year and provides a detailed accounting of each component of the Utility Fee calculated in a form and with such detail as may be reasonably requested by the University for the determination of the Utility Fee set forth in the Reconciliation Statement. If the Reconciliation Statement reveals that the Utility Fee for a Fiscal Year is more than the Forecast Utility Fee for that Fiscal Year, the University agrees to pay the Concessionaire the difference in a lump sum within 30 Days after receipt of the Reconciliation Statement. If the Reconciliation Statement reveals that the Utility Fee for such Fiscal Year is less than the Forecast Utility Fee for that Fiscal Year, the Concessionaire will pay the University the difference in a lump sum within 30 Days after receipt of the Reconciliation Statement.
(c) The records that the Concessionaire maintains with respect to the calculation of the actual Utility Fee shall be retained by the Concessionaire for a period of 5 Fiscal Years following the Fiscal Year to which such Utility Fee applied....
Utility Fee. The University shall pay to the Concessionaire the Utility Fee for each Fiscal Year as determined in accordance with the formula in Schedule 5, and as summarized in the Executive Summary. At least 180 Days prior to the commencement of any Fiscal Year, the Concessionaire shall provide a forecast of the Utility Fee to the University for the upcoming Fiscal Year (the “Forecast Utility Fee”), which may be adjusted up to 30 Days prior to the commencement of such Fiscal Year. The University shall pay the Forecast Utility Fee in 12 equal monthly installments. Within 60 Days after the end of each Fiscal Year, the Concessionaire shall deliver to the University a statement (the “Reconciliation Statement”) which states the actual Utility Fee for the preceding Fiscal Year and provides a detailed accounting of each component of the Utility Fee. The appropriate Party shall pay any difference reflected in the Reconciliation Statement in a lump sum within 30 Days after receipt thereof. The University shall have the right to audit any Reconciliation Statement for up to 5 Fiscal Years after the applicable Fiscal Year.
Utility Fee. A $100.00 utility fee will be added to the amount due of each and every utility bill that Aspen processes during Tenants lease term, and the fee will be added to the unit’s ledger.
Utility Fee. The County or the MSD may assign a utility fee to any utility infrastructure to accurately reflect any actual costs of the County or MSD.
Utility Fee. Lessor shall, at its sole cost and expense, arrange for electricity, HVAC and other utilities necessary for the operation of Lessee's Equipment to be provided to the Site directly from such providers. Lessee shall pay to Lessor a flat rate amount of $25.00 per month (Utility Fee) for electricity costs to run Lessee’s Equipment. Utility Fee will be paid in advance by the 10th day of each month, commencing on the first day of October, 2020, and continuing monthly thereafter for the Term of this Lease. Lessee shall make payment of Utility Fee of $25.00 directly to Lessor in accordance with Section 3.3.
Utility Fee. A charge of $30.00/hour will be collected for utilities. This fee will be based upon a minimum of three (3) hours. Payment will be made to the ▇▇▇▇▇▇▇▇ County School District.