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North Dakota Clause Dealing with Representations of Existing Electrical Service and the Ability to Obtain More

State:
Multi-State
Control #:
US-OL9033
Format:
Word; 
PDF
Instant download

Description

The tenant shall at all times comply with the rules, regulations, terms and conditions applicable to service, equipment, wiring and requirements of the public utility supplying electricity to the building.

North Dakota Clause Dealing with Representations of Existing Electrical Service and the Ability to Obtain More In North Dakota, the Clause Dealing with Representations of Existing Electrical Service and the Ability to Obtain More is an important aspect of property transactions and leases. This clause aims to protect the interests of both parties involved by ensuring accurate representation of the existing electrical service at a property, while also addressing the feasibility of obtaining additional electrical service, if necessary. Types of North Dakota Clause Dealing with Representations of Existing Electrical Service and the Ability to Obtain More: 1. Existing Electrical Service Representation: This type of clause focuses on accurately describing the present electrical service available at a property. It specifies the voltage capacity, capacity for simultaneous demand, and overall condition of the existing electrical system. This representation ensures that the buyer or lessee understands the capabilities and limitations of the electrical service upon acquiring the property. 2. Ability to Obtain More Electrical Service: This clause addresses the potential need for additional electrical service in the future. It takes into consideration the specific requirements of the property's intended use and assesses whether the existing electrical service can accommodate potential expansion. If the need for additional service arises, this clause outlines the responsibility of each party in obtaining the necessary upgrades or modifications. 3. Assessment of Costs and Responsibilities: This type of clause delineates the financial obligations and responsibilities of the parties involved when obtaining any additional electrical service. It specifies who bears the costs associated with upgrading the electrical system and obtaining necessary permits, as well as any recurring maintenance expenses. This ensures clarity and fairness in terms of financial arrangements, preventing any disputes that may arise. 4. Verification and Documentation: A comprehensive clause may include provisions for verifying the representations made regarding existing electrical service. This can involve the requirement for inspection reports, electrical system tests, or any other documents that validate the representation. It aims to provide transparency and independence in assessing the accuracy of the existing electrical service representation. 5. Indemnification and Remedies: This type of clause deals with the allocation of liability and remedies in case of misrepresentations or failures related to the existing electrical service and the ability to obtain more. It outlines the potential consequences and actions that either party can take if there is a breach of the representation or inability to acquire additional electrical service. This provision helps protect the rights and interests of both parties involved. Overall, the North Dakota Clause Dealing with Representations of Existing Electrical Service and the Ability to Obtain More is crucial in ensuring clear communication, accurate representations, and fair provisions for additional electrical service, if needed. It highlights the importance of transparency, accountability, and proper documentation in property transactions involving electrical systems.

North Dakota Clause Dealing with Representations of Existing Electrical Service and the Ability to Obtain More In North Dakota, the Clause Dealing with Representations of Existing Electrical Service and the Ability to Obtain More is an important aspect of property transactions and leases. This clause aims to protect the interests of both parties involved by ensuring accurate representation of the existing electrical service at a property, while also addressing the feasibility of obtaining additional electrical service, if necessary. Types of North Dakota Clause Dealing with Representations of Existing Electrical Service and the Ability to Obtain More: 1. Existing Electrical Service Representation: This type of clause focuses on accurately describing the present electrical service available at a property. It specifies the voltage capacity, capacity for simultaneous demand, and overall condition of the existing electrical system. This representation ensures that the buyer or lessee understands the capabilities and limitations of the electrical service upon acquiring the property. 2. Ability to Obtain More Electrical Service: This clause addresses the potential need for additional electrical service in the future. It takes into consideration the specific requirements of the property's intended use and assesses whether the existing electrical service can accommodate potential expansion. If the need for additional service arises, this clause outlines the responsibility of each party in obtaining the necessary upgrades or modifications. 3. Assessment of Costs and Responsibilities: This type of clause delineates the financial obligations and responsibilities of the parties involved when obtaining any additional electrical service. It specifies who bears the costs associated with upgrading the electrical system and obtaining necessary permits, as well as any recurring maintenance expenses. This ensures clarity and fairness in terms of financial arrangements, preventing any disputes that may arise. 4. Verification and Documentation: A comprehensive clause may include provisions for verifying the representations made regarding existing electrical service. This can involve the requirement for inspection reports, electrical system tests, or any other documents that validate the representation. It aims to provide transparency and independence in assessing the accuracy of the existing electrical service representation. 5. Indemnification and Remedies: This type of clause deals with the allocation of liability and remedies in case of misrepresentations or failures related to the existing electrical service and the ability to obtain more. It outlines the potential consequences and actions that either party can take if there is a breach of the representation or inability to acquire additional electrical service. This provision helps protect the rights and interests of both parties involved. Overall, the North Dakota Clause Dealing with Representations of Existing Electrical Service and the Ability to Obtain More is crucial in ensuring clear communication, accurate representations, and fair provisions for additional electrical service, if needed. It highlights the importance of transparency, accountability, and proper documentation in property transactions involving electrical systems.

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North Dakota Clause Dealing with Representations of Existing Electrical Service and the Ability to Obtain More