Water Utility Line Pressurization Costs Sample Clauses

Water Utility Line Pressurization Costs. Because of the size of the water Utility Line, the parties recognize that there are certain water pressurization costs (“Pressurization Cost”) associated with the water utility service charged monthly by the water utility company that are required in order to maintain water service through the water Utility Line to Grantee’s Property and Grantor’s Property. The parties also acknowledge that Xxxxxxx’s Property is currently vacant and does not currently require water usage. Accordingly, after the Effective Date of this Agreement, the parties agree that Grantee shall be responsible for the entire monthly Pressurization Cost until such time as Grantor’s Property requires water usage from the water Utility Line. Notwithstanding the foregoing, prior to the time at which water usage is required on Grantor’s Property, Grantee may discontinue the pressurization service (in its sole discretion) if it determines that water service is not then required at Grantee’s Property, provided that such discontinuation does not affect Grantor’s ability to resume water usage from the water Utility Line to Grantor’s Property and further provided that any costs or fees associated with discontinuing the pressurization service shall be Grantee’s sole responsibility. As of the date that any building or development on Grantor’s Property begins using water from the water Utility Line, Grantor shall be responsible for 93% of the Pressurization Cost, such proportionate cost being based upon the respective acreage of Grantor’s Property and Xxxxxxx’s Property. At such time that water usage from the water Utility Line is requested to resume on Grantor’s Property, Grantor shall provide written notice to Grantee within ten (10) days of such request. After water usage from the water Utility Line resumes on Grantor’s Property, the responsibility for making payment of the monthly Pressurization Cost to the water company shall become that of the Grantor, which owner shall timely invoice Grantee for its 7% proportionate share of the Pressurization Cost. Grantee shall reimburse Grantor within thirty (30) days of receipt of such invoice. If, at any point after water usage from the water Utility Line is resumed at Grantor’s Property, Grantor desires to cease water usage from the water Utility line to Grantor’s Property, Grantor shall continue to pay 93% of the Pressurization Cost and Grantee shall continue to pay 7% of the Pressurization Cost. Notwithstanding anything to the contrary in this Agreemen...
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Related to Water Utility Line Pressurization Costs

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