Utilities and Insurance. 13.1 The Landlord is not responsible for the stagnation in the supply of gas, water, electricity or other energy sources, unless this is the consequence of serious negligence or gross misconduct on the part of the Landlord. From the date of initial occupation of the property the tenant will make sure that an insurance policy for household effects is concluded to his name.
Utilities and Insurance. Utility bills or charges, where applicable, shall be prorated as of the Closing Date. The parties shall, to the extent reasonably possible, have utility meters read the day preceding the Closing Date and Seller shall be responsible for paying all utility bills or charges which accrued against the Property prior to the Closing Date and Purchaser shall be required to pay all utility bills or charges accruing against the Property on or subsequent to the Closing Date, with any charge for which a reading could not be made as of the day preceding the Closing Date being prorated as of the Closing Date using an estimate based on the most recent reading for such utility. Purchaser shall secure its own insurance on the Property as of the Closing Date, and Seller shall cancel all existing insurance policies as of the Closing Date. Purchaser and Seller shall, before and after Closing, reasonably cooperate with each other in connection with this Section.
Utilities and Insurance. Buyer shall be responsible for all dealings with utility service providers with respect to any actions to change over accounts to Buyer as of the Closing Date. All charges for utilities shall be prorated as of the Closing Date. In the event the actual amounts for such charges for utilities or telephone calls are not known as of the Closing Date or cannot be billed separately to the responsible party, such charges shall be prorated between the parties as of the Closing Date once the actual amounts thereof become known. If necessary, at the request of Buyer, Seller shall complete the customary forms required by any telephone company or telephone company service provider to assign the Properties’ existing telephone numbers to Buyer. Any fees payable by the owner of the Hotel in respect of the insurance policies maintained by Manager for a Property shall be prorated as of the Closing Date. The parties shall request that Manager add Buyer as an additional named insured on any such insurance policies as of the Closing Date.
Utilities and Insurance. Lessee shall pay for any heat, air conditioning, water, sewer, electricity, gas, real estate taxes, outside maintenance and disposal which are furnished to the building. Lessee shall be responsible for any telephone charges for lessees operations at Premises. Lessee shall obtain comprehensive liability insurance and personal property insurance protection from an insurance company licensed to do business in Utah, naming lessor as an additional insured, and in the limits of not less than $1,000,000.00 for personal injury, bodily injury, sickness disease or death or damage to or destruction of property (including loss of use thereof) for any one occurrence. Lessee shall furnish on demand by Lessor a certificate evidencing such insurance, which will allow for 30 days' prior written notice to Lessor of any termination or change in such coverage.
Utilities and Insurance. Buyer shall be responsible for all dealings with utility service providers with respect to any actions to change over accounts to Buyer as of the Closing Date. All charges for utilities shall be prorated as of the Cut-Off Time. In the event the actual amounts for such charges for utilities or telephone calls are not known as of the Closing Date or cannot be billed separately to the responsible party, such charges shall be prorated between the Parties as of the Cut-Off Time once the actual amounts thereof become known. Seller shall receive a credit for all deposits transferred to Buyer or which remain on deposit for the benefit of Buyer with respect to such utility contracts, otherwise such deposits shall be refunded to Seller. If necessary, at the request of Buyer, Seller shall complete the customary forms required by any telephone company or telephone company service provider to assign the Property’s existing telephone numbers to Buyer. Any fees payable by the owner of the Hotel in respect of the insurance policies maintained by Hotel Manager for the Property shall be prorated as of the Cut-Off Time. The parties shall request that Hotel Manager add Buyer as an additional named insured on any such insurance policies as of the Closing Date.
Utilities and Insurance. Lessor shall pay for an heat, air conditioning, water, sewer, electricity, gas, real estate taxes, outside maintenance and disposal which are furnished to the building. Lessee shall be responsible for any telephone charges for lessees operations at Premises. Lessee shall obtain comprehensive liability insurance and personal property insurance protection from an insurance company licensed to do business in Illinois, naming lessor as an additional insured, and in the limits of not less than $1,000,000.00 for personal injury, bodily injury, sickness disease or death or damage to or destruction of property (including loss of use thereof) for any one occurrence. Lessee shall furnish on demand by Lessor a certificate evidencing such insurance, which will allow for 30 days' prior written notice to Lessor of any termination or change in such coverage.
Utilities and Insurance. Utility bills or charges, where applicable, shall be prorated as of 12:01 A.M. of the Closing Date. To the extent reasonably possible, Seller and Purchaser shall have utility meters read the day preceding the Closing Date and Seller shall be responsible for paying all utility bills or charges which accrued against the Property prior to 12:01 A.M. of the Closing Date, and Purchaser shall be required to pay all utility bills accruing against the Property on or subsequent to 12:01 A.M. of the Closing Date, with any charge for which a reading could not be made as of the day preceding the Closing Date being prorated as of 12:01 A.M. of the Closing Date using an estimate based on the most recent reading for such utility, subject to readjustment upon receipt of actual bills. Purchaser shall secure its own insurance on the Property as of the Closing Date, and Seller shall cancel all existing insurance policies as of the Closing Date. Purchaser and Seller shall, before and after the Closing, reasonably cooperate with each other in connection with this Section 16.2.
Utilities and Insurance. All suppliers of utilities shall be instructed to read meters or otherwise determine the charges owing for services prior to the Cut-Off Time, which charges shall be paid by Seller. Charges accruing on and after the Initial Closing Date shall be paid by Buyer. If the amount of the charges owing as of the Cut-Off Time cannot be reasonably determined, the apportionment shall be based at Initial Closing upon the amount of such charges for the immediately preceding billing period but shall be readjusted when the amount of such charges is finally determined. If elected by Buyer, Seller shall be given credit, and Buyer shall be charged, for any utility deposits transferred to Buyer at Initial Closing. A schedule of all utility deposits is to be delivered by Seller to Buyer prior to Initial Closing. Seller agrees to execute, in advance of Initial Closing, any releases or other instruments as required by the utility companies to release information to Buyer with respect to the utilities servicing the Property. All existing accounts maintained by Seller for utility services to the Real Property shall be closed as of the day of Initial Closing and all charges accrued prior to Initial Closing shall be paid by Seller. All deposits for such accounts shall be refunded to and shall belong to Seller. Buyer shall arrange for utility services to the Property commencing on the day of the Initial Closing. Buyer shall be responsible for obtaining insurance coverage covering the Property as of the day of the Closing in accordance with the Ground Lease, and risk of loss with respect to the Property shall pass to Buyer at Closing, in accordance with the Ground Lease.
Utilities and Insurance. All utilities and insurance that occur while the Leasee has use of the building, shall be paid for by the Leasee during the term of the lease.
Utilities and Insurance a) The following utilities are included in the above utilities line item: general maintenance street cleaning sewer chimney sweeping trash removal security grounds keeping
b) Gas, water and electricity are metered and are the responsibility of the Tenant.
