Utility Deposits Clause Samples

Utility Deposits. Buyer shall be responsible for making any deposits required with utility companies. Seller shall receive a credit at Closing for any utility deposits transferred or assigned to Buyer.

Utility Deposits. With respect to any deposits with utility companies, if any of the underlying utility contracts or agreements is assignable by Seller to Buyer, then Seller shall transfer to Buyer the applicable deposits, and Buyer shall credit Seller at the Closing with the actual amount of such deposits transferred to Buyer.

Utility Deposits. The provisions of this Section 22 shall apply separately with respect to each Property. References to Owner or Builder shall refer, respectively, to the Owner Party and Local Builder executing the Addendum applicable to the Property. Builder shall be responsible for all deposits, fees and charges (collectively, “Utility Deposits”) required by any utility company or agency in connection with the construction or installation by Builder of the Subdivision Improvements all in accordance with (and subject to) the terms and conditions in the Construction Agreement. Notwithstanding anything in this Agreement to the contrary, to the extent paid by Builder and not otherwise credited against the purchase of any Homesites, Builder shall be entitled to all utility refunds, returned Utility Deposits, credits and discounts of any nature, and the parties (at no cost or liability to Owner) shall execute such assignment documents as may be required by the applicable governmental or quasi-governmental authorities so that Builder may demonstrate its right to obtain such utility refunds, returned Utility Deposits, credits and discounts; provided, however, that Owner has no obligation or responsibility to build houses or any other improvements on any Homesites not purchased by Builder or to take any other actions.

Utility Deposits. Seller shall be entitled to retain all utility deposits and to obtain the return of same. Seller shall cooperate with Purchaser, at Purchaser's cost, with respect to the transfer of utilities.

Utility Deposits. Seller shall be entitled to retain all Utility Deposits. If any of the Utility Deposits is not refundable to Seller without replacement by Purchaser, Purchaser shall either: (i) deliver the requisite replacement Utility Deposit to the utility company on or before the Closing Date, or (ii) pay to Seller at the Closing the amount of such Utility Deposit, against a good and sufficient transfer by Seller to Purchaser of all interest of Seller in the Utility Deposit.

Utility Deposits. ESG funds may pay for a standard utility deposit required by the utility company for all customers for the utilities listed in paragraph (5) of this section.

Utility Deposits. Purchaser shall be responsible for making any deposits required with utility companies.

Utility Deposits. Buyer shall take all steps necessary to effectuate the transfer of all utilities to its name as of the Closing Date, and where necessary, post deposits with the utility companies. Seller shall ensure that all utility meters are read as of the Closing Date. Seller shall be entitled to recover any and all deposits held by any utility company as of the Closing Date.

Utility Deposits. If assignable, any amounts retained by a utility company as a deposit credited to Buyer;