Common use of Contract Arrearages Clause in Contracts

Contract Arrearages. Any payments received by Buyer after the date of closing under any of the Assigned Existing Agreements which are specified to be on account of payments which are applicable to periods prior to closing shall be apportioned by Buyer upon receipt and the portion thereof attributable to periods prior to closing shall immediately be paid by Buyer to Seller.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Inland Monthly Income Fund Iii Inc)

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Contract Arrearages. Any portion of any payments received by Buyer after the date of closing Closing under any of the Assigned Existing Agreements which are specified to be on account of payments which are applicable that relates to periods prior to closing Closing shall be apportioned determined by Buyer upon receipt of such payment and the portion thereof attributable to periods prior to closing shall immediately be paid by Buyer to Seller.

Appears in 1 contract

Samples: Agreement of Sale (Hines Real Estate Investment Trust Inc)

Contract Arrearages. Any payments received by Buyer after the date of closing Closing Date under any of the Assigned Existing Agreements which are specified to be on account of payments which are applicable to periods prior to closing Closing shall be apportioned by Buyer upon receipt and the portion thereof attributable to periods prior to closing Closing shall immediately be paid by Buyer to Seller.

Appears in 1 contract

Samples: Agreement of Sale (Beacon Properties Corp)

Contract Arrearages. Any portion of any payments received by Buyer after the date of closing Closing under any of the Assigned Existing Agreements which are specified to be on account of payments which are applicable that relates to periods prior to closing Closing shall be apportioned by Buyer upon receipt and the portion thereof attributable to periods prior to closing shall immediately be promptly paid by Buyer to Seller.

Appears in 1 contract

Samples: Agreement of Sale (Catalyst Semiconductor Inc)

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Contract Arrearages. Any payments received by Buyer after the date of closing under any of the related Assigned Existing Agreements which are specified to be on account of payments which are applicable to periods prior to closing shall be apportioned by Buyer upon receipt and the portion thereof attributable to periods prior to closing shall immediately promptly be paid by Buyer to the related Seller.

Appears in 1 contract

Samples: Agreement of Sale (Apple Hospitality Five Inc)

Contract Arrearages. Any payments received by Buyer after the date of closing Closing under any of the Assigned Existing Agreements which are specified to be on account of payments which are which, when made, were identified as being applicable to periods prior to closing Closing shall be apportioned by Buyer upon receipt and the portion thereof attributable to periods prior to closing Closing shall immediately be paid by Buyer to Seller.

Appears in 1 contract

Samples: Agreement of Sale (Corporate Office Properties Trust)

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