Common use of Arrears not assigned Clause in Contracts

Arrears not assigned. (a) Despite clause 9.3, the Vendor does not assign to the Purchaser the Vendor's rights to receive, recover or xxx for any moneys owing under the Leases in respect of any period prior to Completion. If the Purchaser does receive after Completion any moneys owing under the Leases in respect of any period prior to Completion then the Purchaser will promptly forward those moneys to the Vendor.

Appears in 4 contracts

Samples: Agreement (Hines Global REIT, Inc.), Agreement (Hines Global REIT, Inc.), Agreement (Hines Global REIT, Inc.)

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