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").