Common use of Letters of Credit as Tenant Security Deposits Clause in Contracts

Letters of Credit as Tenant Security Deposits. With respect to any security deposits which are letters of credit, Seller shall, if the same may be assigned or quitclaimed by Seller, (i) deliver to Buyer at the Closing such letters of credit, (ii) execute and deliver such other instruments as the issuers of such letters of credit shall reasonably require, and (iii) cooperate with Buyer to change the named beneficiary under such letters of credit to Buyer so long as Seller does not incur any additional liability or expense in connection therewith.

Letters of Credit as Tenant Security Deposits. With respect to any security deposits which are letters of credit, Seller shall, if the same may be assigned or quitclaimed by Seller, (i) deliver to Buyer at the Closing such letters of credit, (ii) execute and deliver such other instruments as the issuers of such letters of credit shall reasonably require, and (iii) cooperate with Buyer to change the named beneficiary under such letters of credit to Buyer so long as Seller does not incur any additional liability or expense in connection therewith. To the extent any letters of credit are not assignable to Buyer, the same shall be credited to Buyer at Closing.

Letters of Credit as Tenant Security Deposits. With respect to any security deposits which are letters of credit, Seller shall, (i) if the same may be assigned or quitclaimed by Sellerare assignable, (i) deliver to Buyer at the Closing such letters of credit, (ii) credit and execute and deliver such other instruments as the issuers of such letters of credit shall reasonably requirerequire to assign such letters of credit to Buyer, and or (iiiii) cooperate with Buyer to change the named beneficiary under such letters of credit to Buyer or to obtain reissuance of such letters of credit to Buyer, so long as Seller does not incur any material additional liability or expense in connection therewith.

Letters of Credit as Tenant Security Deposits. With respect to --------------------------------------------- any security deposits which are letters of credit, Seller shall, if the same may be assigned or quitclaimed by Sellerare assignable, (i) deliver to Buyer at on the Closing date hereof such letters of credit, (ii) execute and deliver such other instruments as the issuers of such letters of credit shall reasonably require, and (iii) cooperate with Buyer to change the named beneficiary under such letters of credit to Buyer so long as Seller does not incur any additional liability or expense in connection therewith.

Letters of Credit as Tenant Security Deposits. With respect to any security deposits which are letters of credit, Seller shall, if the same may be assigned or quitclaimed by Seller, (i) deliver to Buyer at the Closing such letters of credit, (ii) execute and deliver such other instruments as the issuers of such letters of credit shall reasonably require, and (iii) cooperate with Buyer to change the named beneficiary under such letters of credit to Buyer so long as Seller does not incur any additional liability or expense in connection therewith.

Letters of Credit as Tenant Security Deposits. With respect to any security deposits which are letters of credit, Seller shall, if the same may be assigned or quitclaimed by Seller, shall (i) deliver to Buyer at the Closing such letters of credit, (ii) execute and deliver such other instruments as the issuers of such letters of credit shall reasonably require, and (iii) cooperate with Buyer to change the named beneficiary under such letters of credit to Buyer so long as Seller does not incur any additional liability or expense in connection therewith.

Letters of Credit as Tenant Security Deposits. With respect to any security deposits which are letters of credit, if any, Seller shall, if the same may be assigned or quitclaimed by Sellerare assignable, (i) deliver to Buyer at the Closing such letters of credit, (ii) execute and deliver such other instruments as the issuers of such letters of credit shall reasonably require, and (iii) cooperate with Buyer to change the named beneficiary under such letters of credit to Buyer so long as Seller does not incur any additional liability or expense in connection therewith.

Letters of Credit as Tenant Security Deposits. With respect to any security deposits which are letters of credit, Seller shall, if whether or not the same may be assigned or quitclaimed by Sellerare assignable, (i) deliver to Buyer at the Closing such letters of credit, (ii) execute and deliver such other instruments instruments, at and after Closing, as the issuers of such letters of credit shall reasonably require, and (iii) cooperate with Buyer at and after Closing, to change the named beneficiary under such letters of credit to Buyer so long as Seller does not incur any additional liability or expense in connection therewith.

Letters of Credit as Tenant Security Deposits. With respect to any security deposits which are letters of credit, Seller shall, if shall cause the same may to be assigned or quitclaimed by Sellerto Buyer, (i) deliver to Buyer at the Closing such letters of credit, (ii) execute and deliver such other instruments as the issuers of such letters of credit shall reasonably require, and (iii) cooperate with Buyer to change the named beneficiary under such letters of credit to Buyer so long Buyer, and pay all fees assessed by the issuers of the letters of credit as Seller does not incur any additional liability or expense in connection therewitha condition to the assignments.

Letters of Credit as Tenant Security Deposits. With respect to any security deposits which are letters of credit, Seller shall, if whether or not the same may be assigned or quitclaimed by Sellerare assignable, (i) deliver to Buyer at the Closing such letters of credit, (ii) execute and deliver such other instruments as the issuers of such letters of credit shall reasonably require, and (iii) cooperate with Buyer to change the named beneficiary under such letters of credit to Buyer so long as Seller does not incur any additional liability or expense in connection therewith.