Common use of Loan Deposits Clause in Contracts

Loan Deposits. The Purchaser shall pay over to the Seller at Closing a sum equal to the aggregate of the unapplied and unreimbursed deposits or escrow balances held by or for any lender under the Existing Debt, which shall be transferred and assigned by the Seller to the Purchaser at the Closing.

Appears in 4 contracts

Samples: Purchase and Sale Agreement (Brown Flournoy Equity Income Fund LTD Partnership), Purchase and Sale Agreement (Brown Flournoy Equity Income Fund LTD Partnership), Purchase and Sale Agreement (Brown Flournoy Equity Income Fund LTD Partnership)

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