Shared Utilities definition

Shared Utilities means utilities serving the Building as a whole (e.g., gas, electricity and water) and the maintenance and repair of related common mechanical systems and equipment (e.g., HVAC and electrical systems). Landlord and Subtenant shall share responsibility for the expenses, costs, and disbursements to third parties incurred in connection with Shared Utilities. All Shared Utilities shall remain in Landlord's name and Landlord shall pay the utility suppliers. Subtenant shall reimburse Landlord for its portion of such expenses, costs, and disbursements as set forth in Article V, Section 3. Landlord shall not be responsible to Subtenant for the failure or interruption of any Shared Utilities unless such failure or interruption is caused by the gross negligence or willful misconduct of Landlord or his agents. Beginning promptly after the Commencement Date, and sooner if feasible, Landlord shall retain and pay an energy consultant to develop a cost reduction strategy for Shared Utilities and a contractor to implement the energy consultant's recommended improvements. The parties estimate that the total cost of such work will be approximately $40,000 ("Program Costs"). In no event shall Program Costs exceed $50,000.
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Examples of Shared Utilities in a sentence

  • Shared Utilities Arrangements – For rental units with shared utilities, it is recommended to disclose the specifics of how they are shared, and how each party’s bill is calculated, so that tenants have a reasonable expectation of what they owe each month.

  • Shared Utilities Arrangements For rental units with shared utilities, a landlord should disclose the specifics of how they are shared, and how each party’s bill is calculated.

  • If any Utilities are not separately metered to the Premises or otherwise separately provided for (collectively, "Shared Utilities"), (i) Tenant shall pay to Landlord as additional rent a reasonable portion, to be determined by Landlord in a manner reflecting actual usage, of the charges for such Shared Utilities; and (ii) Landlord shall be responsible for the payment of all charges for such Shared Utilities used by all other tenants or occupants of the Property.

  • As PPM is the customer of record for the single meters for all water/sewer, electric and natural gas (the “Shared Utilities”) servicing the Entire Premises (and specifically excluding GTC space on the 4th floor of the Building), PPM shall receive all bills for the generation, delivery, and consumption of such Shared Utilities for both Parties (the “Shared Utility Costs”).

  • Shared Utilities Disclosure (Word) – Describe how utilities are shared and billed among multiple tenants.

  • Shared Utilities Arrangements - for all rental units with shared utility meters.

  • This Shared Utilities Agreement is hereby incorporated into and a part of the leases Simclar and Astral entered into with Landlord effective the same date hereof.

  • A breach of this Shared Utilities Agreement shall constitute a breach of Simclar’s and Astral’s respective leases with Landlord.

  • Adjustments to the Shared Utilities Charges will be made as necessary, supported by a schedule of actual charges incurred and an allocation of such Shared Utilities Charges between the Sublessor and the Sublessee, to be supplied to the Sublessee by the Sublessor.

  • If the utilities are not separately metered, Sublessee shall pay the Sublessor as additional rent, its proportionate share of the utility charges (the "Shared Utilities Charges").

Related to Shared Utilities

  • Shared-use path means a bikeway that is physically separated from motorized vehicular traffic by

  • Shared Services means shared order filling or shared order processing, or both.

  • Electric utility steam generating unit means any steam electric generating unit that is constructed for the purpose of supplying more than one-third of its potential electric output capacity and more than 25 MW electrical output to any utility power distribution system for sale. Any steam supplied to a steam distribution system for the purpose of providing steam to a steam-electric generator that would produce electrical energy for sale is also considered in determining the electrical energy output capacity of the affected facility.

  • Local Utility Services XOOM is an independent retail marketer of natural gas & electricity and is not affiliated with your local utility. Your local utility will continue to deliver your gas, read your meter, send your bill, and make necessary repairs. Your local utility will also respond to emergencies and provide other basic utility services as required. XOOM is not an agent of your local utility and your utility will not be liable for any of XOOM’s acts, omissions, or representations. Price:Your rate for gas purchases will be a fixed price of $0.3190 per therm, plus taxes and fees, if applicable, and a monthly administrative fee of $6.99. You will continue to be responsible for all charges assessed by your local utility for all services it provides, including any other fees or taxes specifically associated with services it continues to provide during the term of this Agreement, including transportation charges payable for Core Aggregation Service.

  • Water utility means a public utility as defined in