Common use of Accounts Payable Clause in Contracts

Accounts Payable. All sums due for accounts payable which were owing or incurred by the Property or with respect thereto prior to the Closing Date will be paid by Seller. Purchaser shall furnish to Seller any bills for such a period received after the Closing Date. All accounts payable incurred on or after the Closing Date with respect to the Property will be paid by Purchaser.

Appears in 4 contracts

Samples: Purchase and Sale Agreement (Condor Hospitality Trust, Inc.), Purchase and Sale Agreement (Condor Hospitality Trust, Inc.), Purchase and Sale Agreement (Condor Hospitality Trust, Inc.)

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Accounts Payable. All sums due for accounts payable which were owing or incurred by the Property or with respect thereto on or prior to the Closing Date will be paid by Seller. Purchaser shall furnish to Seller any bills for such a period received after the Closing Date. All accounts payable incurred on or after the Closing Date with respect to the Property will be paid by Purchaser.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Condor Hospitality Trust, Inc.), Purchase and Sale Agreement (Condor Hospitality Trust, Inc.), Purchase and Sale Agreement (Condor Hospitality Trust, Inc.)

Accounts Payable. All sums due for accounts payable by Seller which were owing or incurred by the Property or with respect thereto prior to the Closing Date will be paid by Seller. Purchaser shall Buyer will furnish to Seller any bills for such a period received after the Closing DateDate for payment, and Buyer will have no further obligation with respect thereto. All accounts payable by the owner of the Property incurred on or and after the Closing Date with respect to the Property will be paid by PurchaserBuyer.

Appears in 2 contracts

Samples: Real Estate Purchase Contract (LSB Industries Inc), Real Estate Purchase Contract (LSB Industries Inc)

Accounts Payable. All sums due for accounts payable by Seller which were due and owing or incurred by for the Property or with respect thereto period prior to the Closing Date will be paid by Seller. Purchaser shall will furnish to Seller any bills for such a period received after the Closing DateDate for payment, and Purchaser will have no further obligation with respect thereto. All accounts payable by the owner of the Property incurred on or and after the Closing Date with respect to the Property will be paid by Purchaser.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Glimcher Realty Trust)

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Accounts Payable. All sums due for accounts payable which were owing or incurred accrued by the Property or with respect thereto for any period prior to the Closing Date and for all agreements and contracts not assumed by Buyer will be paid by Seller. Purchaser shall Buyer will furnish to Seller for payment any bills for such a period received after the Closing Date. All accounts payable incurred on or after that apply to any period prior to the Closing Date with respect to such accounts, agreements and contracts. Payments due under any Service Contracts shall be prorated as of the Property will Closing Date, and Buyer shall be paid by Purchaserliable for all payments accruing thereunder after the Closing.

Appears in 1 contract

Samples: Lease Agreement (Innovative Industrial Properties Inc)

Accounts Payable. All sums due for accounts payable which were owing or incurred by in the maintenance or operation of the Property or with respect thereto prior to the day of the Closing Date will shall be paid by the Seller on or prior to Closing or adequate provisions reasonably satisfactory to Buyer shall be made in respect to such payment. Seller agrees to indemnify Buyer with respect to all such obligations. The Buyer shall furnish to the Seller for payment, promptly following receipt, any bills to be paid by Seller. Purchaser shall furnish to Seller any bills for such a period received after the Closing Date. All accounts payable incurred on or after the Closing Date with respect to the Property will be paid by Purchaser.

Appears in 1 contract

Samples: Option and Agreement of Sale (CommunitySouth Bancshares Inc)

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