Accounts Payable and Expenses. All accounts payable and expenses related to operations of the Property which have accrued before the Transfer Time shall be paid by Sellers. Buyer understands and agrees that Sellers may postpone and/or contest payment of any account payable or expense which is the subject of a bona fide dispute, or for which a bxxx is not rendered until after Closing. All accounts payable and expenses accruing after the Transfer Time will be Buyer’s responsibility.
Accounts Payable and Expenses. All accounts payable and expenses related to operation of the Property which have accrued on or before the Closing Date shall be paid by Buyer, subject to any adjustments of Net Delivered Equity made in accordance with Section 3.01. All accounts payable and expenses incurred by the Buyer accruing after the Transfer Time will be Buyer’s responsibility and Buyer shall indemnify and hold Seller harmless from all such accounts payable and expenses accruing after the Transfer Time. The indemnities provided in this Section shall survive Closing.
Accounts Payable and Expenses. As of the Closing Date, Buyer shall assume the Assumed Liabilities, without offset to or deduction from the Purchase Price. Sums due for any other accounts payable and expenses which were owed or incurred by Seller with respect to the Property prior to the Closing Date will be paid by Seller. Buyer will furnish to Seller any bills for such period received after the Closing Date for payment, and Buyer will have no further obligation with respect thereto. All accounts payable or expenses incurred by Buyer on or after the Closing Date will be paid by Buyer. Any account payable or expense which pertains to the month during which Closing occurs, or to any other period the span of which includes the Closing Date, will be prorated between Seller and Buyer, based on the number of days in such month or other period before (but not including) and after (and including) the Closing Date.
Accounts Payable and Expenses. All accounts payable and expenses related to operations of the Property which have accrued before the Closing Date shall be paid by Wolf or the Wolf Partner(s). All accounts payable and expenses accruing after the Closing will be the Partnership’s, the applicable SPE Owner’s or the applicable Tenant’s responsibility.
Accounts Payable and Expenses. Subject to Section 13.0, all accrued but unpaid accounts payable and expenses relating to operations of the Property (i.e., accounts payable and expenses arising from items not a part of inventory (e.g., energy, utilities, insurance, trade association dues, subscriptions, etc.) or services provided (e.g., by employees, independent contractors, professionals and other consultants, by vendors pursuant to service contracts, etc.) before the Closing shall be paid by Seller. Notwithstanding anything to the contrary, there shall be no proration of prepaid advertising. The determination of the accounts payable shall be made as of the Closing to the extent known. Prepaid expenses concerning all such items as of the Closing shall be credited to Seller. All accounts payable and expenses relating to operations of the Property after the Closing will be paid by Purchaser.
Accounts Payable and Expenses. All accounts payable and expenses related to operations of the Property which have accrued before the Transfer Time shall be paid by Seller. Buyer understands and agrees that Sellers may postpone and/or contest payment of any account payable or expense which is the subject of a bona fide dispute, or for which a bxxx is not rendered until after Closing so long as Sellers’ non-payment does not cause a breach or default under any agreements to be assumed by Buyer (and so long as any such non-payment does not cause a materialman’s or mechanics’ lien to be filed against the Property). All accounts payable and expenses accruing after the Transfer Time will be Buyer’s responsibility. Sellers shall indemnify, hold harmless and defend Buyer from and against any loss, cost or damage arising from any such non-payment of any accounts payable and expenses related to operations of the Property which have accrued before the Transfer Time. This Section 4.06 shall survive the Closing.
Accounts Payable and Expenses. All accounts payable and expenses related to operation of the Property which have accrued before the Transfer Time shall be paid by Seller and Seller shall defend, indemnify, and hold Buyer harmless from and against any claims, demands, liabilities, liens, costs, expenses, penalties, damages, and losses (including, but not limited to, attorneys’ fees and costs) suffered by Buyer as a direct or an indirect result of the non-payment of such accrued accounts payable and accrued expenses. All accounts payable and expenses (including all assigned and assumed agreements hereunder) arising after the Transfer Time which are included by or at the direction of Buyer will be Buyer’s responsibility. In addition, Seller shall pay the Seller’s Payables as soon as practicable after Closing. The indemnity provided in this Section shall survive the Closing Date for a period of one (1) year.
Accounts Payable and Expenses. 18 SECTION 4.07 2005 CAPITAL EXPENDITURE AND PROPERTY IMPROVEMENT PLAN EXPENSES.......................19 ARTICLE V. EMPLOYEES.............................................................................................19
Accounts Payable and Expenses. All accounts payable and expenses related to operations of the Property which have accrued before the Transfer Time shall be paid by Seller. All accounts payable and expenses arising after the Transfer Time or which are incurred by or at the direction of Buyer outside of this Agreement shall be paid by Buyer. In addition, Seller shall be responsible for paying the Seller's Payables.
Accounts Payable and Expenses. Subject to the following, all unpaid accounts payable due from the Hotel and all expenses payable by the Hotel (not including, for instance, accounts payable by, and expenses of, guests, patrons, and/or customers) accrued prior to the Closing and relating to operations of the Property prior to the Closing shall be paid by Seller. Buyer alone shall be responsible for all accounts payable related to Personal Property, Service Contracts, or otherwise to the extent not yet delivered, or services, to the extent not yet rendered, as of the Closing, providing the same are incurred in the ordinary course of business, and such Personal Property, Service Contracts or other items are delivered and/or such services rendered, after the Closing. In addition to the foregoing, all accounts payable and expenses relating to operations of the Property after Closing will be paid by Buyer. Prepaid expenses with respect to all such items as of the Closing Date shall be prorated and credited to Seller.
