Utility Deregulation. In the event any one or more utilities serving the Building either have been, or are in the future, deregulated by the appropriate governmental authorities having jurisdiction over such utilities so that more than one provider of such deregulated utility may be permitted to serve the Building, Landlord, in its sole and absolute discretion (but with the intent of lowering Building Operating Costs), shall choose which provider(s) shall serve the Building. So long as neither it, nor any affiliated entity, makes a profit in doing so, Landlord shall have the right at any time and from time to time to (i) act as the provider of any such utilities itself by co-generating or purchasing power and/or other utility services on behalf of Tenant, (ii) to act as the sole energy aggregator to contract for power on Tenant’s behalf, and (iii) to switch providers at any time. In no event, shall Tenant have any right to contract with any party to provide any utilities to the Premises.
Appears in 3 contracts
Sources: Office Lease (New Century Financial Corp), Office Lease (New Century Financial Corp), Office Lease (New Century Financial Corp)