Common use of Utility Readings Clause in Contracts

Utility Readings. Seller shall use reasonable efforts to obtain readings of the water and electric meters on the Premises to a date no sooner than two (2) business days prior to the Closing Date. At or prior to Closing, Seller shall pay all charges based upon such meter readings. However, if after reasonable efforts Seller is unable to obtain readings of any meters prior to Closing, Closing shall be completed without such readings and upon the obtaining thereof after closing, Seller shall pay the charges incurred prior to Closing as reasonably determined by the Seller and Buyer based upon such readings.

Appears in 2 contracts

Samples: Agreement of Sale (Keystone Property Trust), Sale Agreement (Keystone Property Trust)

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Utility Readings. Seller shall use reasonable efforts to obtain readings of the water and electric meters on the Premises to a date no sooner than two ten (210) business days prior to the Closing Date. At or prior to Closing, Seller shall pay all charges based upon such meter readings. However, if after reasonable efforts Seller is unable to obtain readings of any meters prior to Closing, Closing shall be completed without such readings and upon the obtaining thereof after closingClosing, Seller shall pay the charges incurred prior to Closing as reasonably determined by the Seller and Buyer based upon such readings.

Appears in 1 contract

Samples: Agreement of Sale (Hines Real Estate Investment Trust Inc)

Utility Readings. Seller shall use reasonable efforts to obtain readings of the water and electric meters on the Premises to a date no sooner than two ten (210) business days prior to the Closing Date. At or prior to Closing, Seller shall pay all charges based upon such meter readings. However, if after reasonable efforts Seller is unable to obtain readings of any meters prior to Closing, Closing shall be completed without such readings with a good faith estimate and upon the obtaining readings thereof after closingClosing, Seller shall pay the charges incurred prior to Closing as reasonably determined by the Seller and Buyer based upon such readings.

Appears in 1 contract

Samples: Agreement of Sale (Corporate Office Properties Trust)

Utility Readings. Seller shall use reasonable efforts to obtain readings of the water and electric meters on the Premises to a date no sooner than two ten (210) business days prior to the Closing Datedate of closing. At or prior to Closingclosing, Seller shall pay all charges based upon such meter readings. However, if after reasonable efforts Seller is unable to obtain readings of any meters prior to Closingclosing, Closing closing shall be completed without such readings and upon the obtaining thereof after closing, Seller shall pay the charges incurred prior to Closing closing as reasonably determined by the Seller and Buyer based upon such readings.

Appears in 1 contract

Samples: Agreement of Sale (Inland Monthly Income Fund Iii Inc)

Utility Readings. Seller shall use reasonable efforts to obtain readings of the water and electric meters on the Premises to a date no sooner than two ten (210) business days prior to the Closing Date. At or prior to Closing, Seller shall pay all charges based upon such meter readings. However, if after reasonable efforts Seller is unable to obtain readings of any meters prior to Closing, Closing shall be completed without such readings and upon the obtaining thereof after closingClosing, Seller shall pay the charges incurred prior to Closing as reasonably determined by the Seller and Buyer based upon such readings.

Appears in 1 contract

Samples: Agreement of Sale (Berkshire Income Realty Inc)

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Utility Readings. Seller shall use reasonable efforts to obtain readings of the water and electric meters on the Premises to a date no sooner than two ten (210) business days prior to the Closing Date. At or prior to Closing, Seller shall pay all charges based upon such meter readings. However, if after reasonable efforts Seller is unable to obtain readings of any meters prior to Closing, Closing shall be completed without even if some or all such readings and could not be obtained (it being agreed that upon the obtaining thereof after closingClosing, Seller shall promptly pay the charges incurred with respect to that portion of the billing cycle that falls prior to Closing as reasonably determined by the Seller and Buyer based upon such post-Closing readings.

Appears in 1 contract

Samples: Agreement of Sale (Catalyst Semiconductor Inc)

Utility Readings. The related Seller shall use reasonable efforts to obtain readings of the water and electric meters on the related Premises to a date no sooner than two ten (210) business days prior to the Closing Date. At or prior to Closingsuch closing, the related Seller shall pay all charges based upon such meter readings. However, if after reasonable efforts the related Seller is unable to obtain readings of any meters prior to Closingclosing for the Property in question, Closing such closing shall be completed without such readings and upon the obtaining thereof after such closing, the related Seller shall pay the charges incurred prior to Closing as reasonably determined by the Seller and Buyer based upon such readingsclosing.

Appears in 1 contract

Samples: Agreement of Sale (Apple Hospitality Five Inc)

Utility Readings. Seller shall use reasonable efforts to obtain readings of the water and electric meters on the Premises to a date no sooner than two ten (210) business days prior to the Closing Date. At or prior to Closing, Seller shall pay all charges based upon such meter readingsreadings and such charges accruing through the Closing Date. However, if after reasonable efforts Seller is unable to obtain readings of any meters prior to Closing, Closing shall be completed without such readings and upon the obtaining thereof after closingClosing, Seller shall pay the charges incurred prior to Closing as reasonably determined by the Seller and Buyer based upon such readings.

Appears in 1 contract

Samples: Agreement of Sale (Berkshire Income Realty Inc)

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