SUPPLY AND UTILITY AGREEMENTS Sample Clauses

SUPPLY AND UTILITY AGREEMENTS. 19.1 The Seller shall terminate all supply and utility agreements relating to the Property as of the Long Stop Date (or if earlier by the expiry or termination of the Lease Back) unless otherwise required by the Buyer and the Seller and shall meet all costs, liabilities and expenses thereby arising. If so required by the Buyer, the Seller (at the Seller’s cost) shall give all reasonable assistance in procuring the transfer to or novation by the Buyer of all or any of such supply and/or utility agreements. 19.2 In relation to the Utility Agreements, in the event that the Seller has not terminated any such Utility Agreements (in breach of its obligations in clause 19.1) as of the Long Stop Date (or if earlier by the expiry or termination of the Lease Back) and the Buyer is charged by the utility service provider for amounts payable under those agreements, the Seller shall indemnify the Buyer for the difference between (i) the amount payable under such agreement for the period between the Long Stop Date (or if earlier the expiry or termination of the Lease Back) and the date of termination of such agreement and (ii) the amount of actual usage applicable to the period between the Long Stop Date (or if earlier the expiry or termination of the Lease Back) and the date of termination of such agreement.