Vacant Property. A Property that has been economically vacant for (i) the period from acquisition until the applicable measurement date, if less than six months or (ii) at least six months as of the applicable date of measurement.
Vacant Property. The owner of the property is responsible for all charges unless a tenant has been authorized by the property owner to be billed for service. Customer Agreement: By my signature below, I hereby request water and/or sewer service from the Xxxxx’x Creek Water and Sewer District. I understand that in order to receive sewer service, I must also accept and receive water service from MCWSD. In requesting utility service, I accept full responsibility for all charges, fees, penalties, or other obligations incurred while in my name. This includes any leaks that may occur in my water line which begins at the customer’s side of the water meter. I agree to provide written notice to the District when the property is sold. I agree to guarantee proper protection for the District’s property at this service location and shall permit access to it only by authorized representatives of the District. I have been provided, read, and understand the information provided in the District’s Rules and Regulations and stated on this application/agreement. I warrant that the information provided for the purpose of obtaining utility service to be true and accurate to the best of my knowledge. It is further agreed, the Xxxxx’x Creek Water and Sewer District reserves unto itself, the right to refuse or discontinue service and remove and District property from the premises if a violation of the District’s Rules and Regulations occurs. The District will not be held liable or responsible for damage of any kind whatsoever resulting from water or sewer use, or the use of water or sewer on the premises, unless such damage results directly from negligence on the part of the District. In the event of any loss or damage to the property of the District, or any accident or injury to persons or property is caused by or results from negligence or a wrongful act of the applicant, his/her agent(s), or employees, the cost of the necessary repair(s) or replacement(s), plus any cost of any part and materials along with a service fee on no less than $25.00, will be paid by the customer to the District; and any liability otherwise resulting, will be assumed by the applicant. ** NOTE: Applications signed outside the Utility Office must be Notarized. ** Applicant’s Signature District Representative Print Applicant’s Name Date of Application/Agreement Notary Signature and Seal Date of expiration of Commission Hydrant Meter Deposit $ Inspection Fee $ Meter Only Fee $ Transfer Fee $ Sewer Tap Fee $ Water Tap Fee $...
Vacant Property. A Property that (i) for over thirty percent (30%) of its leasable square feet does not have third-party tenant leases in place; or (ii) has not collected at least seventy percent (70%) of the Property's total potential rental revenue based upon full occupancy, except if not attaining seventy percent is a result of tenant improvements, concessions or similar leasing incentives contained in leases approved by the Board for (i) the period from acquisition until the applicable measurement date, if less than six months or (ii) for the six months immediately preceding the date of measurement. 2%/25% Guidelines. The requirement pursuant to the NASAA Guidelines that, in any 12-month period, total Operating Expenses not exceed the greater of 2% of the Company's Average Invested Assets during such 12-month period or 25% of the Company's Net Income over the same 12-month period.
Vacant Property. The owner of the property is responsible for all charges unless a tenant has been authorized by the property owner to be billed for service.
Vacant Property. The Landlord acknowledges that the management service provided by the Agent is only applicable to a property which is let to a tenant. Where the property is vacant between tenancies the Landlord must ensure that steps are taken to provide sufficient security and the compliance with any insurance policies in effect.
Vacant Property. If any buildings are constructed, added, and/or affect any part of the rents, a Builder’s Risk Insurance Policy is required on a completed value form in an amount equal to 100% of hard costs. There must be delayed income insurance covering not less than 12 months anticipated loss of gross income. All builder’s risk coverage terms and conditions are subject to PPM approval. Once the project has been completed, the property in its entirety must comply with all the PPM insurance requirements stated herein. Acceptable maximum per occurrence Deductibles are the following: Property $ $ 250,000 Acceptable maximum per occurrence Deductibles are the following: Property $ $ 250,000 per occurrence for non catastrophic perils per occurrence for non catastrophic perils Boiler & Machinery/ $250,000 per occurrence Equipment Breakdown Business Income 72 hour (3 day) waiting period Named Windstorm % of insured value – Negotiable per Loan Basis Earthquake % of insured value – Negotiable per Loan Basis Flood $5,000 NFIP Policies; Excess Flood – % of insured value – Negotiable per Loan Basis
Vacant Property. If an occupied risk becomes vacant, insurance automatically terminates 60 days after the risk becomes vacant. If a vacancy has not been reported and it is later determined that the property was vacant for 60 consecutive days, any claim due to loss by covered peril will be denied.
Vacant Property. (1) if the building or leased premises has been vacant or unoccupied for a period of more than ninety (90) consecutive days before the loss or damage occurs, we will not pay for any loss or damage caused by any of the following:
Vacant Property. Except as expressly provided in Section 7.2(d), Buyer has reviewed and approved all matters in any way relating to the Vacant Property, including, without limitation, zoning, entitlements, approvals, licenses, permits, access, easements, permits, impact fees, traffic issues, environmental matters, flood plain issues, and wetlands issues (collectively, the "Land Development Requirements"), including, without limitation, (i) State of New Jersey Agreement #2585, dated November 14, 1978, including all exhibits, amendments and addenda thereto, (ii) Developer's Agreement between Seller and The Township of Parsippany-Xxxx Hills, dated September 1, 1992, including all exhibits, amendments and addenda thereto, and (iii) Agreement between Seller and The Township of Hanover, dated [blank], 1994, including all exhibits, amendments and addenda thereto. Buyer shall assume at Closing all of Seller's and Prudential's obligations under the documents and instruments evidencing the Land Development Requirements, and at Closing Buyer shall replace all guaranties, bonds, letters of credit, and cash deposits provided by or on behalf of Seller or Prudential with respect to the Vacant Property, with substitute security in accordance with the requirements of the applicable authority (or if the applicable authority does not allow such a substitution, at Closing Buyer shall execute and deliver an indemnity agreement, in form and substance reasonably satisfactory to Seller, pursuant to which Buyer indemnifies Seller or Prudential, as the case may be, for any and all costs, loss, damages and expenses, of any kind or nature whatsoever, including reasonable attorneys' fees and costs, arising out of or resulting from Buyer's failure to satisfy the Land Development Requirements).
Vacant Property. Developer shall maintain any vacant ground within the Project on which Developer has not commenced construction in a manner free of debris and hazards to the general health, safety and welfare of the public and residents of the area.
