Common use of Collection of Delinquent Rent Clause in Contracts

Collection of Delinquent Rent. After the Closing, Seller shall continue to have the right, in its own name, to demand payment of and to collect Delinquent Rent owed to Seller by any Tenant, which right shall include, without limitation, the right to continue or commence legal actions or proceedings against any Tenant, but shall specifically exclude the right to seek possession of the premises demised to a Tenant or to terminate a Tenant Lease, and the delivery of the Assignment of Leases [as defined in Section 8.2(a)(iii)] shall not constitute a waiver by Seller of such right. Purchaser agrees to cooperate with Seller in connection with all efforts by Seller to collect such Delinquent Rent and to take all steps, whether before or after the Closing Date, as may be necessary to carry out the intention of the foregoing, including, without limitation, the delivery to Seller, upon demand, of any relevant books and records (including, without limitation, rent statements, receipted bills and copies of tenant checks used in payment of such rent), the execution of any and all consents or other documents, and the undertaking of any act reasonably necessary for the collection of such Delinquent Rent by Seller, but without any obligation to incur any out-of-pocket costs or expenses. The provisions of this Section 8.7(b) shall survive the Closing.

Collection of Delinquent Rent. After the Closing, Seller shall continue to have the right, in its own name, to demand payment of and to collect Delinquent Rent owed to Seller by any Tenant, which right shall include, without limitation, the right to continue or commence legal actions or proceedings against any Tenant, but shall specifically exclude the right to seek possession of the premises demised to a Tenant or to terminate a Tenant Lease, and the delivery of the Assignment of Leases [as defined in Section 8.2(a)(iii)] shall not constitute a waiver by Seller of such right; provided, however, that Seller may only continue legal actions against Tenants with respect to which it has commenced legal actions or sent a demand letter prior to the Closing Date; and provided, further, that Seller will not commence any eviction actions subsequent to the Closing Date, but that Seller may continue any such eviction actions which it commenced prior to the Closing Date. Purchaser agrees to cooperate with Seller to the extent reasonably necessary, but at no cost to Purchaser, in connection with all efforts by Seller to collect such Delinquent Rent and to take all steps, whether before or after the Closing Date, as may be necessary to carry out the intention of the foregoing, including, without limitation, the delivery to Seller, upon demand, of any relevant books and records (including, without limitation, rent statements, receipted bills and copies of tenant checks used in payment of such rent), the execution of any and all consents or other documents, and the undertaking of any act reasonably necessary for the collection of such Delinquent Rent by Seller, but without any obligation to incur any out-of-pocket costs or expenses. The provisions of this Section 8.7(b8.6(b) shall survive the Closing.

Collection of Delinquent Rent. After the Closing, Seller shall continue to have the right, in its own name, to demand payment of and to collect Delinquent Rent owed to Seller by any Tenant, which provided, however, such right shall include, without limitation, not include the right to continue commencement or commence continuation of legal actions or proceedings against any Tenant, Tenant (but shall specifically exclude the right to seek possession Seller may notify credit reporting agencies of the premises demised to a Tenant or to terminate a Tenant Leasedelinquencies by such Tenants), and the delivery of the Assignment of Leases [as defined in Section 8.2(a)(iii)] shall not constitute a waiver by Seller of such right. Subject to the limitations set forth in the preceding sentence, Purchaser agrees to cooperate with Seller in connection with all efforts by Seller to collect collection such Delinquent Rent and to take all steps, whether before or after the Closing Date, as may be necessary to carry out the intention of the foregoing, including, without limitation, the delivery to Seller, upon demand, of any relevant books and records (including, without limitation, rent statements, receipted bills and copies of tenant checks used in payment of such rent), the execution of any and all consents or other documents, and the undertaking of any act reasonably necessary for the collection of such Delinquent Rent by Seller, but without any obligation to incur any out-of-pocket costs or expenses. The provisions of this Section 8.7(bSECTION 8.6(B) shall survive the Closing.

Collection of Delinquent Rent. After the Closing, Seller shall continue to have the right, in its own name, to demand payment of and to collect Delinquent Rent owed to Seller by any Tenant, which right shall include, without limitation, the right to continue or commence legal actions or proceedings against any Tenant, but shall specifically exclude the right to seek possession of the premises demised to a Tenant or to terminate a Tenant Lease, and the delivery of the Assignment of Leases [as defined in Section 8.2(a)(iii)] shall not constitute a waiver by Seller of such right, but Seller shall have no right to evict or otherwise affect any Tenant's use, occupancy, lease or possession of the Property. Purchaser agrees to cooperate with Seller in connection with all efforts by Seller to collect collection such Delinquent Rent and to take all steps, whether before or after the Closing Date, as may be necessary to carry out the intention of the foregoing, including, without limitation, the delivery to Seller, upon demand, of any relevant books and records (including, without limitation, rent statements, receipted bills and copies of tenant checks used in payment of such rent), the execution of any and all consents or other documents, and the undertaking of any act reasonably necessary for the collection of such Delinquent Rent by Seller; provided, but without however, that Purchaser shall not be required to do anything which would be detrimental to its landlord-tenant relationship with any obligation Tenant or which would prejudice Purchaser's own rights at law, in equity or pursuant to incur any out-of-pocket costs or expensesTenant Lease. The provisions of this Section 8.7(b8.6(b) shall survive the Closing.

Collection of Delinquent Rent. After the Closing, Seller shall continue to have the right, in its own name, to demand payment of and to collect Delinquent Rent owed to Seller by any Tenant, which provided, however, such right shall include, without limitation, not include the right to continue commencement or commence continuation of legal actions or proceedings against any Tenant, Tenant (but shall specifically exclude the right to seek possession Seller may notify credit reporting agencies of the premises demised to a Tenant or to terminate a Tenant Leasedelinquencies by such Tenants), and the delivery of the Assignment of Leases [as defined in Section 8.2(a)(iii)] shall not constitute a waiver by Seller of such right. Subject to the limitations set forth in the preceding sentence, Purchaser agrees to cooperate with Seller in connection with all efforts by Seller to collect collection such Delinquent Rent and to take all steps, whether before or after the Closing Date, as may be necessary to carry out the intention of the foregoing, including, without limitation, the delivery to Seller, upon demand, of any relevant books and records (including, without limitation, rent statements, receipted bills and copies of tenant checks used in payment of such rent), the execution of any and all consents or other documents, and the undertaking of any act reasonably necessary for the collection of such Delinquent Rent by Seller, but without any obligation to incur any out-of-pocket costs or expenses. The provisions of this Section 8.7(b8.6(b) shall survive the Closing.