Utility Readings Sample Clauses

Utility Readings. Seller shall use reasonable efforts to obtain readings of the water and electric meters on the Premises to a date no sooner than two (2) business days prior to the Closing Date. At or prior to Closing, Seller shall pay all charges based upon such meter readings. However, if after reasonable efforts Seller is unable to obtain readings of any meters prior to Closing, Closing shall be completed without such readings and upon the obtaining thereof after closing, Seller shall pay the charges incurred prior to Closing as reasonably determined by the Seller and Buyer based upon such readings.
AutoNDA by SimpleDocs
Utility Readings. Seller shall use reasonable efforts to obtain readings of the water and electric meters on the Premises (other than meters measuring utility consumption for which any tenants are solely liable) to a date no sooner than five (5) days prior to the Closing Date. At or prior to Closing, Seller shall pay all charges based upon such meter readings. However, if after reasonable efforts Seller is unable to obtain readings of any meters prior to Closing, Closing shall be completed without such readings and upon the obtaining thereof after Closing, Seller shall pay the charges incurred prior to Closing as reasonably determined by Seller and Buyer based upon such readings.
Utility Readings. Seller shall obtain readings of all utility meters on each Property on a date no sooner than two (2) days prior to the Closing Date. At or prior to Closing, Seller shall pay all charges based upon such meter readings. However, if after reasonable efforts Seller is unable to obtain readings of any meters prior to Closing, Closing shall be completed without such readings. After Closing and upon obtaining such readings, Seller shall pay the charges incurred prior to Closing as reasonably determined by Seller and Buyer based upon such readings.
Utility Readings. As to charges for water, electricity, gas and other utilities for the Property, Seller shall endeavor to furnish a current meter reading at the Closing, which readings shall have been made not earlier than two (2) Business Days prior to the time herein set for Closing, and Seller shall pay the charges therefor to such date. In the event that such a meter reading cannot be obtained, Seller shall furnish a reading to a date not more than thirty (30) days prior to the time herein set for Closing, and the unfixed meter charge based thereon for the intervening time shall be apportioned on the basis of such last reading; in such event the parties agree to notify the utility company to read the meters as soon as possible after Closing and to render a final xxxx to Seller. The final xxxx shall be apportioned as of the Closing Date. The provisions of this SECTION 3.8 shall survive the Closing and delivery of the Deed to the Real Property.
Utility Readings. Final readings on all utilities shall be made as of the applicable Closing Date, if possible. If final readings are not possible, utility charges shall be prorated based on the most recent period for which costs are available. Any deposits made by the Seller or made by any Single Purpose Entity with utility companies shall be returned to the Seller. The Buyer shall be responsible for making all arrangements for the continuation of utility services. c.
Utility Readings. Sellers shall endeavor to obtain readings of all electric, gas, water, sewer and other utility meters located at the Property on or about the Closing Date, and Sellers and Buyer shall reasonably cooperate to cause all such utilities to be transferred over to Buyer’s accounts as of the Closing Date. If such readings are obtained and the corresponding accounts are transferred over to Buyer on the Closing Date, Sellers and Buyer, as applicable, shall each pay all such invoices related to such party’s period of ownership directly to the applicable utility provider. If such readings are not obtained on the Closing Date, then the charges therefor shall be prorated based upon the per diem charges for the most recent period for which such readings are available. Any utility deposits made by Sellers shall remain the property of Sellers, and Buyer shall replace such utility deposits with its own deposits or reimburse Sellers for the same, as applicable.
Utility Readings. If there are any water, gas or electric meters located at the Property, the Seller shall obtain readings thereof to a date not more than thirty (30) days prior to the Closing Date and the unfixed water rates and charges, sewer taxes and rents and gas and electricity charges, if any, based thereon for the intervening time shall be apportioned on the per diem basis on the basis of such readings. If such readings are not obtainable by the Closing Date, then, at the Closing, any water rates and charges, sewer taxes and rents and gas and electricity charges which are based on such readings shall be prorated based upon the per diem charges obtained by using the most recent period for which such readings shall then be available. Upon the taking of subsequent actual readings, the apportionment of such charges shall be recalculated and the Seller or the Purchaser, as the case may be, shall make prompt payment to the other based upon such recalculations. This provision shall not apply to any utilities paid by the Purchaser pursuant to the Lease, which utilities shall remain the sole obligation of the Purchaser.
AutoNDA by SimpleDocs
Utility Readings. Seller shall use reasonable efforts to obtain readings of the gas (if any), water, electric and other utility meters, if any, on the Property as of the Closing Date. At or prior to Closing, Seller shall pay all charges based upon such meter readings. However, if after reasonable efforts Seller is unable to obtain readings of any meters prior to Closing, Closing shall be completed without such readings and utility charges will be prorated based on Seller’s reasonable estimate thereof. To the extent that the utility charges differ from the amount apportioned at Closing, the parties shall make all necessary by appropriate payments between themselves following Closing.
Utility Readings. Sellers shall use reasonable efforts to obtain readings of the water and electric and/or gas meters on each Premises as of the day before the Closing Date. At or prior to Closing, Sellers shall pay all charges based upon such meter readings and such charges accruing through the Closing Date. However, if after reasonable efforts Sellers are unable to obtain readings of any meters as of the day before Closing, Closing shall be completed without such readings and upon the obtaining thereof after Closing, Sellers shall pay the charges incurred prior to Closing as reasonably determined by Sellers and Buyer based upon such readings. The provisions of this subsection (c) shall survive Closing and delivery of the applicable Deed.

Related to Utility Readings

  • Utility Charges Tenant shall pay or cause to be paid all charges for electricity, power, gas, oil, water and other utilities used in connection with the Leased Property.

  • Utilities Lessee shall pay for all water, gas, heat, light, power, telephone, trash disposal and other utilities and services supplied to the Premises, together with any taxes thereon. If any such services are not separately metered to Lessee, Lessee shall pay a reasonable proportion, to be determined by Lessor, of all charges jointly metered.

  • Metering 1. If the Producer desires to sell electric power to the Company, the Company shall provide, own and maintain at the Producer's expense all necessary meters and associated equipment to be utilized for the measurement of energy and capacity for determining the Company's payment to the Producer pursuant to an applicable agreement.

  • Utility Services The Owner represents that, to the best of its knowledge, all utility services required to construct and operate the Project (including, without limitation, public water, sewer and electricity) are currently available to the Property in the capacities required to operate the Project. No work need be performed by or on behalf of the Developer to make such utilities available to the Property for the construction or operation of the Project, except for the matters, if any, set forth on Exhibit "D". Copies of letters from the providers of such utility services confirming such availability are annexed hereto as Exhibit "G".

  • Utility Deposits Seller shall receive a credit for the amount of deposits, if any, with utility companies that are transferable and that are assigned to Purchaser at the Closing.

  • Utility Bills Copies of all utility bills (gas, electric, water and sewer) relating to the Property for the immediately prior twelve (12) month period.

  • Maintenance Repairs Utility Installations Trade Fixtures and Alterations 7.1 Lessee's Obligations.

  • Utility Service Tenant shall pay the cost of all utility services, including, but not limited to, initial connection charges and all charges for gas, water, and electricity used on the Leased Premises. If the Leased Premises are separately metered, Tenant shall pay such costs directly to the appropriate utility company. Otherwise, Tenant shall pay such costs pursuant to Paragraph 6(b) above. Tenant shall pay all costs caused by Tenant introducing excessive pollutants into the sanitary sewer system, including permits, fees and charges levied by any governmental subdivision for any pollutants or solids other than ordinary human waste. If Tenant can be clearly identified as being responsible for obstructions or stoppage of the common sanitary sewage line, the Tenant shall pay the entire cost thereof, upon demand, as additional rent. Tenant shall be responsible for the installation and maintenance of any dilution tanks, holding tanks, settling tanks, sewer sampling devices, sand traps, grease traps or similar devices which may be required by the appropriate governmental subdivision for Tenant's use of the sanitary sewer system. Tenant shall also pay all surcharges (i.e. charges in excess of normal charges) levied due to Tenant's abnormal use of sanitary sewer or waste removal services so that no such surcharges shall affect Landlord or other tenants in the Project under Paragraph 6(b) above.

  • Utility Installations Trade Fixtures Alterations 8.3.1 The term “Utility Installations” refers to all floor and window coverings, air and/or vacuum lines, power panels, electrical distribution, security and fire protection systems, communication cabling, lighting fixtures, HVAC equipment, plumbing, and fencing in or on the Premises. The term “

  • REAL ESTATE TAXES, SPECIAL ASSESSMENTS AND PRORATIONS (a) Because the Entire Property (of which the Property is a part) is subject to a triple net lease (as further set forth in paragraph 11(a)(i), the parties acknowledge that there shall be no need for a real estate tax proration. However, Seller represents that to the best of its knowledge, all real estate taxes and installments of special assessments due and payable in all years prior to the year of Closing have been paid in full. Unpaid real estate taxes and unpaid levied and pending special assessments existing on the date of Closing shall be the responsibility of Buyer and Seller in proportion to their respective Tenant in Common interests, pro-rated, however, to the date of closing for the period prior to closing, which shall be the responsibility of Seller if Tenant shall not pay the same. Seller and Buyer shall likewise pay all taxes due and payable in the year after Closing and any unpaid installments of special assessments payable therewith and thereafter, if such unpaid levied and pending special assessments and real estate taxes are not paid by any tenant of the Entire Property.

Time is Money Join Law Insider Premium to draft better contracts faster.