Common use of Capital Costs Clause in Contracts

Capital Costs. Buyer shall be credited at Closing for any unsatisfied amounts under all capital contracts, contracts pertaining to works of improvement or other contracts existing prior to Closing, pertaining to the Property (regardless of when the work, services or other obligations were performed or are to be performed), (“Pre-Closing Capital Costs”). Seller shall remain responsible for satisfying any Pre-Closing Capital Costs which were not credited to Buyer at Closing.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (KBS Real Estate Investment Trust, Inc.)

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Capital Costs. Buyer shall be credited at Closing for any the amount of all amounts which are unsatisfied amounts under for all capital contracts, contracts pertaining to works of improvement or other contracts existing prior to Closing, pertaining to the Property (regardless of when the work, services or other obligations were performed or are to be performed), ) (“Pre-Closing Capital Costs”). Seller shall remain responsible for satisfying any Pre-Closing Capital Costs which were not credited to Buyer (but were supposed to be credited to Buyer) at Closing.

Appears in 1 contract

Samples: Purchase Agreement (KBS Real Estate Investment Trust, Inc.)

Capital Costs. Buyer Purchaser shall be credited at Closing for any the amount of all amounts which are unsatisfied amounts under all capital contracts, contracts pertaining to works of improvement or other contracts existing prior to ClosingClosing (other than those contracts relating to tenant improvement work, which are separately addressed in this Agreement), pertaining to the Property (regardless of when the work, services or other obligations were performed or are to be performed), ) (“Pre-Closing Capital Costs”). Seller shall remain responsible for satisfying any Pre-Closing Capital Costs which were not credited to Buyer Purchaser at Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (KBS Growth & Income REIT, Inc.)

Capital Costs. Buyer shall be credited at Closing for any the amount of all amounts which are unsatisfied amounts under for all capital contracts, contracts pertaining to works of improvement or other contracts existing prior to Closing, pertaining to the Property (regardless of when the work, services or other obligations were performed or are to be performed), ) (“Pre-Closing Capital Costs”). Seller shall remain responsible for satisfying any Pre-Closing Capital Costs which were not credited (but should have been credited) to Buyer at Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (KBS Real Estate Investment Trust, Inc.)

Capital Costs. Buyer shall be credited at Closing for any the amount of all amounts which are unsatisfied amounts under for all capital contracts, contracts pertaining to works of improvement improvements or other contracts existing prior to Closing, pertaining to the Property (regardless of when the work, services or other obligations were performed or are to be performed), ) (“Pre-Closing Capital Costs”). Seller shall remain responsible for satisfying any Pre-Closing Capital Costs which were not credited to Buyer at Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (KBS Real Estate Investment Trust, Inc.)

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Capital Costs. Buyer Purchaser shall be credited at Closing for any all unsatisfied amounts under all capital contracts, contracts pertaining to works of improvement or other contracts capital improvements existing prior to Closing, pertaining to the Property (regardless of when the work, services or other obligations were performed or are to be performed), if any (“Pre-Closing Capital Costs”). Seller shall remain responsible for satisfying any Pre-Closing Capital Costs which were not credited (but were supposed to Buyer be credited) to Purchaser at Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (KBS Real Estate Investment Trust III, Inc.)

Capital Costs. Buyer shall be credited at Closing for any the amount of all amounts which are unsatisfied amounts under all capital contracts, contracts pertaining to works of improvement or other contracts existing prior to Closing, pertaining to the Property (regardless of when the work, services or other obligations were performed or are to be performed), ) (“Pre-Closing Capital Costs”). Seller shall remain responsible for satisfying any Pre-Closing Capital Costs which were not credited to Buyer at Closing. Buyer shall be responsible for satisfying any Pre-Closing Capital Costs for which Buyer is provided a credit at Closing.

Appears in 1 contract

Samples: Purchase Agreement (KBS Real Estate Investment Trust III, Inc.)