Common use of Cash Security Deposits Clause in Contracts

Cash Security Deposits. At Closing, Seller shall give Buyer a credit against the Purchase Price in the aggregate amount of any cash security deposits then held by Seller under the Leases.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Athenahealth Inc), Purchase and Sale Agreement (Pacific Office Properties Trust, Inc.), Purchase and Sale Agreement (Capital Lease Funding Inc)

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Cash Security Deposits. At Closing, Seller shall give Buyer a credit against the Purchase Price in the aggregate amount of any cash security deposits then held by Seller under the LeasesLeases less any administrative or similar charges to which Seller may be entitled under applicable Law.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Inland Real Estate Income Trust, Inc.), Purchase and Sale Agreement (Cogdell Spencer Inc.), Purchase and Sale Agreement (Pennsylvania Real Estate Investment Trust)

Cash Security Deposits. At Closing, Seller shall give Buyer a credit against the Purchase Price in the aggregate amount of any cash security deposits then held by Seller under the Leases. To the extent that Seller has collected from any tenant any deposits or fees in addition to security deposits (including, without limitation, pet fees), Seller shall retain any such deposits or fees that are non-refundable, and any refundable deposits or fees shall be transferred to Buyer in the form of a credit at Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement

Cash Security Deposits. At Closing, Seller shall give Buyer a credit against the Purchase Price in the aggregate amount of any unapplied cash security deposits then held by Seller under the LeasesLeases less any administrative or similar charges to which Seller may be entitled under applicable Law.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Pennsylvania Real Estate Investment Trust)

Cash Security Deposits. At Closing, Seller shall give Buyer a credit against the Purchase Price in the aggregate amount of any cash security deposits then deposit held by Seller under the LeasesOperating Lease.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Regional Health Properties, Inc)

Cash Security Deposits. At Closing, Seller shall give Buyer a credit against the Purchase Price in the aggregate amount of any cash security deposits then held by Seller under the Leases, except that non-refundable deposits shall be prorated by Seller and Buyer as rent paid over the term of the applicable Lease.

Appears in 1 contract

Samples: Purchase and Sale Agreement (American Realty Capital Healthcare Trust Inc)

Cash Security Deposits. At Closing, Seller shall give Buyer a credit against the Purchase Price Balance in the aggregate amount of any the unapplied cash security deposits then held by Seller under the LeasesLeases and any interest thereon less, any administrative or similar charges to which Seller may be entitled under applicable law.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Prudential Acquisition Fund I Lp)

Cash Security Deposits. At Closing, Seller shall give Buyer Purchaser a credit against the Purchase Price in the aggregate amount of any unapplied cash security deposits then held by Seller under the Leases and any interest thereon, less any administrative or similar charges to which Seller may be entitled under applicable Laws or the respective Leases.

Appears in 1 contract

Samples: Purchase and Sale Agreement

Cash Security Deposits. At Closing, Seller shall give Buyer a credit against the Purchase Price in the aggregate amount of any cash security deposits then and/or impound accounts, if any, held by Seller under the Leases.

Appears in 1 contract

Samples: Purchase and Sale Agreement (American Realty Capital New York City REIT, Inc.)

Cash Security Deposits. At Closing, Seller shall give Buyer a credit against the Purchase Price Balance in the aggregate amount of any $43,284.11, the unapplied cash security deposits then held by Seller under the LeasesLeases as of the Effective Date(but not including any interest thereon) less any applications of such deposits which shall have been approved by Buyer and any normal and customary administrative or similar charges to which Seller may be entitled under applicable law.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Mack Cali Realty Corp)

Cash Security Deposits. At Closing, Seller shall give Buyer a credit against the Purchase Price in the aggregate amount of any cash security deposits then required to be held by Seller under the Leases. In addition, at Closing Seller shall give Buyer a credit in the aggregate amount of any unapplied refundable deposits collected from tenants. Seller shall retain (and Buyer will not receive a credit for) any nonrefundable fees collected from tenants.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Preferred Apartment Communities Inc)

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Cash Security Deposits. At Closing, Seller shall give Buyer a credit against the Purchase Price in the aggregate amount of any refundable cash security deposits then held made by Seller tenants under the LeasesLeases and not applied prior to the Effective Date or in accordance herewith. In addition, at Closing, to the extent that Seller has collected from any tenant any deposits or fees (including, without limitation, pet fees), Seller shall retain any such deposits or fees that are non-refundable, and any refundable deposits or fees shall be transferred to Buyer in the form of a credit at Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (KBS Legacy Partners Apartment REIT, Inc.)

Cash Security Deposits. At Closing, Seller shall give Buyer a credit against the Purchase Price in the aggregate amount of any cash security deposits then held made by Seller tenants under the LeasesLeases (less any returns of such deposits or applications in accordance with the Lease terms) less any administrative or similar charges to which Seller may be entitled under applicable Law.

Appears in 1 contract

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

Cash Security Deposits. At Closing, Seller shall give Buyer a credit against the Purchase Price Balance in the aggregate amount of any cash the security deposits which remain the obligation of the landlord or Buyer after Closing then held by Seller under the LeasesLeases and any interest thereon less, any administrative or similar charges to which Seller may be entitled under applicable law.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Taubman Centers Inc)

Cash Security Deposits. At Closing, Seller shall give Buyer a credit against the Purchase Price in the aggregate amount of any the unapplied cash security deposits then held by Seller under the Leases.Leases and any interest thereon. 5.6

Appears in 1 contract

Samples: Purchase and Sale Agreement (Prudential Acquisition Fund I Lp)

Cash Security Deposits. At Closing, Seller shall give Buyer a credit against the Purchase Price in the aggregate amount of any cash security deposits deposit then held by Seller under the LeasesLeases less any administrative or similar charges to which Seller may be entitled under applicable law.

Appears in 1 contract

Samples: Purchase and Sale Agreement (First Ipswich Bancorp /Ma)

Cash Security Deposits. At Closing, Seller shall give Buyer a credit against the Purchase Price in the aggregate amount of any the cash security deposits then held paid by Seller tenants under the Tenant Leases (and not applied pursuant to the terms of the Tenant Leases) and any interest thereon.

Appears in 1 contract

Samples: Purchase Agreement (Casa Munras Hotel Partners L P)

Cash Security Deposits. At Closing, Seller shall give Buyer a credit against the Purchase Price in the aggregate amount of any all cash security deposits then held by Seller deposited under the Leases.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Behringer Harvard Reit I Inc)

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