Common use of POSSESSION AND CLOSING Clause in Contracts

POSSESSION AND CLOSING. Possession of the Property shall be delivered to Purchaser by Seller at the Closing, subject to the Permitted Exceptions and the rights of the Tenants under Tenant Leases. Purchaser shall make its own arrangements for the provision of public utilities to the Property and Seller shall terminate its contracts with such utility companies that provide services to the Property.

Appears in 14 contracts

Samples: Contract of Sale (Beacon Capital Partners Inc), Contract of Sale (Beacon Capital Partners Inc), Contract of Sale (Beacon Capital Partners Inc)

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POSSESSION AND CLOSING. Possession of the Property shall be delivered to Purchaser by Seller at the Closing, subject to the Permitted Exceptions and the rights of the Tenants under Tenant LeasesTenants. Purchaser shall make its own arrangements for the provision of public utilities to the Property and Seller shall terminate its contracts with such utility companies that provide services to the Property.

Appears in 6 contracts

Samples: Contract of Sale (Consolidated Capital Institutional Properties), Contract of Sale (Angeles Income Properties LTD 6), Contract of Sale (Angeles Income Properties LTD 6)

POSSESSION AND CLOSING. Possession of the Property shall be delivered to Purchaser by Seller at the Closing, subject to the Permitted Exceptions and the rights of the Tenants under Tenant LeasesTenants. Purchaser shall make its own arrangements for the provision of public utilities to the Property and Seller shall terminate its contracts Contracts with such utility companies that provide services to the PropertyProperty as of the end of business on the Closing Date.

Appears in 3 contracts

Samples: Contract to Purchase and Sell Property (Angeles Partners X), Contract to Purchase and Sell Property (Angeles Partners Xi), Purchase and Sale Agreement (Consolidated Capital Properties Vi)

POSSESSION AND CLOSING. Possession of the Property shall be delivered to Purchaser by Seller at the Closing, subject only to the Permitted Exceptions and the rights of the Tenants under Tenant LeasesTenants. Purchaser shall make its own arrangements for the provision of public utilities to the Property and Seller shall terminate its contracts with such utility companies that provide services to the PropertyProperty as of the end of business on the Closing Date.

Appears in 2 contracts

Samples: Contract to Purchase and Sell Property and Escrow Agreement (National Property Investors 6), Contract to Purchase and Sell Property and Escrow Agreement (National Property Investors 5)

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POSSESSION AND CLOSING. Possession of the Property shall be delivered to Purchaser by Seller at the Closing, subject to the Permitted Exceptions and the rights of the Tenants under their Tenant Leases, and shall circulate the Service Contract Notice Letters which have not been forwarded previously by Seller prior to Closing. Purchaser shall make its own arrangements for the provision of public utilities to the Property and Seller shall terminate its contracts with such utility companies that provide services to the Property.

Appears in 1 contract

Samples: Contract of Sale (Angeles Partners Xii)

POSSESSION AND CLOSING. Possession of the Property shall be delivered to Purchaser by Seller at the Closing, subject to the Permitted Exceptions and the rights of the Tenants under Tenant LeasesTenants. Purchaser shall make its own arrangements for the provision provisions of public utilities to the Property and Seller shall terminate its contracts with such utility companies that provide services to the Property.

Appears in 1 contract

Samples: Contract of Sale (Investors First Staged Equity L P)

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