Common use of Credits to Seller Clause in Contracts

Credits to Seller. Seller shall receive a credit increasing the Purchase Price in an amount equal to: (i) cash security deposits under the Real Property Lease to the extent such cash security deposits continue in effect to Buyer’s benefit after the Closing. Seller shall cooperate with Buyer in Buyer’s efforts to provide alternatives to such cash security deposits (whether letters of credit or guaranty by Buyer’s parent corporation) acceptable to the landlord. Seller shall not receive a credit for any security deposit in the form of letters of credit or any form other than cash, such non-cash security deposits to be cancelled and Buyer to provide the landlord with substitutes therefore. Seller shall not receive a credit for any cash security deposit to the extent such cash security deposit is or has been applied by the landlord to any of Seller’s obligations under the Real Property Lease for periods prior to the Closing Date. any excess working capital of the Restaurant as of the Closing Date.