Common use of Lease Enforcement Clause in Contracts

Lease Enforcement. Prior to the Closing Date, Seller shall have the right, but not the obligation, to enforce the rights and remedies of the landlord under any Existing Lease or New Lease, by summary proceedings or otherwise, and to apply all or any portion of any security deposit then held by Seller toward any loss or damage incurred by Seller by reason of any defaults by tenants, and the exercise of any such rights or remedies shall not affect the obligations of Purchaser under this Agreement in any manner.

Lease Enforcement. Prior Subject to the provisions of Section 7.1, prior to the Closing Date, Seller shall have the right, but not the obligation, to enforce the rights and remedies of the landlord under any the Existing Lease or New Lease, by summary proceedings or otherwise, and to apply all or any portion of any security deposit deposits then held by Seller toward any loss or damage incurred by Seller by reason of any defaults by tenants, and the exercise of any such rights or remedies shall not affect the obligations of Purchaser under this Agreement in any mannerTenant.

Lease Enforcement. Prior to the Closing Date, Seller shall will have the right, but not the obligation, to enforce the rights and remedies of the landlord under any Existing Lease or New Lease, by summary proceedings or otherwise, and to apply all or any portion of any security deposit deposits then held by Seller toward any loss or damage incurred by Seller by reason of any defaults by tenants, and the exercise applicable Tenant. Seller will provide to Buyer a copy of any such rights written notice of default given to or remedies shall not affect received from any Tenant after the obligations of Purchaser under this Agreement in any mannerEffective Date promptly following Seller’s delivery or receipt thereof.

Lease Enforcement. Prior Subject to the provisions of Section 8.1 above, prior to the Closing Date, Seller shall have the right, but not the obligationobligation (except to the extent that Seller’s failure to act shall constitute a waiver of such rights or remedies), to enforce the rights and remedies of the landlord under any Existing Pre-Effective Date Lease or New Lease, by summary proceedings or otherwise, and to apply all or any portion of any security deposit then held by Seller toward any loss or damage incurred by Seller by reason of any defaults by tenants, and the exercise of any such rights or remedies shall not affect the obligations of Purchaser under this Agreement in any manner.

Lease Enforcement. Prior to the Closing Date, Seller shall have the right, but not the obligationobligation (except to the extent that the Seller’s failure to act shall constitute a waiver of such rights or remedies), to enforce the rights and remedies of the landlord under any Existing Lease or New Lease, by summary proceedings or otherwise, . Seller represents that none of the tenants under the Leases are required to provide security deposits and to apply all or any portion that Seller is not in possession of any funds representing security deposit then held by Seller toward any loss or damage incurred by Seller by reason of any defaults by tenants, and the exercise of any such rights or remedies shall not affect the obligations of Purchaser under this Agreement in any mannerdeposits.

Lease Enforcement. Prior to the Closing Date, subject to Section 10.3, Seller shall have the right, but not the obligation, to enforce the rights and remedies of the landlord under any Existing Lease or New Lease, by summary proceedings or otherwise, and to apply all or any portion of any security deposit then held by Seller toward any loss or damage incurred by Seller by reason of any defaults by tenants, and the exercise of any such rights or remedies shall not affect the obligations of Purchaser under this Agreement in any manner.