Common use of Water and Sewer Charges Clause in Contracts

Water and Sewer Charges. All water, sewer and other utility charges assessed against or incurred on or with respect to the Property based on the fiscal year used by the assessing authority. Unless Purchaser shall have provided evidence satisfactory to Seller in its reasonable discretion of the transfer of the Utilities into an account for the benefit of Purchaser at Closing, then in such event, at Closing, Seller shall collect from Purchaser an amount representing 30 days’ of Utilities charges based on bills for the month prior to Closing.

Water and Sewer Charges. All water, sewer and other utility charges (if any) assessed against or incurred on or with respect to the Property based on the fiscal year used by the assessing authority. Unless Purchaser shall have provided evidence satisfactory to Seller in its reasonable discretion of the transfer of the Utilities (if any) into an account for the benefit of Purchaser at Closing, then in such event, at Closing, Seller shall collect from Purchaser an amount representing 30 days’ of Utilities charges (if any) based on bills for the month prior to Closing.