Common use of Accounts Payable Clause in Contracts

Accounts Payable. The Purchaser shall receive a credit for any and all accounts payable owed by the Seller in connection with the Property as of the Closing Date.

Appears in 6 contracts

Samples: Agreement of Purchase and Sale (Moody National REIT II, Inc.), Agreement of Purchase and Sale (Moody National REIT II, Inc.), Agreement of Purchase and Sale (Moody National REIT I, Inc.)

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Accounts Payable. The Purchaser shall receive a credit for any and all accounts payable owed by the Seller in connection with the Property as of the Closing Date.

Appears in 4 contracts

Samples: Agreement of Purchase and Sale, Agreement of Purchase and Sale (Moody National REIT II, Inc.), Agreement of Purchase and Sale (Moody National REIT I, Inc.)

Accounts Payable. The Purchaser shall receive a credit for any and all accounts payable owed by the Seller in connection with any portions of the Property which Purchaser is assuming, as of the Closing Date.

Appears in 2 contracts

Samples: Agreement of Purchase and Sale (Lodging Fund REIT III, Inc.), Agreement of Purchase and Sale (Lodging Fund REIT III, Inc.)

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Accounts Payable. The Purchaser shall receive a credit for any and all accounts payable owed by the Seller in connection with the any portions of Property which Purchaser is assuming as of the Closing Date.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Moody National REIT I, Inc.)

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