Common use of Utility and Service Contracts Clause in Contracts

Utility and Service Contracts. Manager shall, in its capacity as manager pursuant to this Agreement, in Owners’ name and at Owner’s expense, enter into contracts for water, electricity, gas, fuel, oil, telephone, vermin extermination, trash removal, cable television, security protection, elevator, collections and other services deemed by Manager to be necessary or advisable for the operation of the Property. Manager shall also, in its capacity as manager pursuant to this Agreement, at Owner’s expense, place orders for such equipment, tools, appliances, materials, and supplies as are reasonable and necessary to properly maintain the Property. Owner agrees to pay or reimburse Manager for all expenses and liabilities incurred by reason of this Section provided that such amounts are in accordance with the Operating Budget, are approved by Owner or are otherwise incurred by Manager in Manager’s commercially reasonable discretion (employing the standard of care set forth in Section 2.4) for the necessary operation of the Property.