Prepaid Expenses and Security Deposits Sample Clauses

Prepaid Expenses and Security Deposits. The aggregate of (A) all expenses of the Business that relate to any period after 12:01 a.m. on the Closing Date and for which Buyers will receive the benefit in respect of which Sellers have made payment or, subject to payment thereof on or before the due date thereof, an account payable has arisen or an accrual made on Sellers' books of account prior to the Closing Date for which Sellers will remain responsible after the Closing Date and (B) all security deposits deposited by Sellers in connection with any contract, agreement, license, lease, sales order, purchase order or other commitment that is assumed by Buyers pursuant to the terms of the Agreement, which amounts have been identified and set forth by Sellers on Schedule 2.05(a)(iii) hereto; and
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Prepaid Expenses and Security Deposits. Any prepaid expenses, excess premiums or other like assets and any amounts deposited by or on behalf of Seller in connection with any Real Property Lease or other Assumed Contract;
Prepaid Expenses and Security Deposits. All prepaid expenses to the extent included on the Closing Balance Sheet and security deposits.
Prepaid Expenses and Security Deposits. Prepaid expenses and security deposits paid by or on behalf of Seller in connection with the Business and which are reflected on the books and records of Seller as assets of the Business and listed by the parties at Closing on Schedule 1.01(d) attached hereto and made a part hereof;
Prepaid Expenses and Security Deposits. Prepaid expenses and security deposits paid by or on behalf of Seller in connection with the Business and which are reflected on the books and records of Seller as assets of the Business (the "Prepaid Expenses and Security Deposits") shall be purchased by Purchaser for their face amount, as more particularly set forth on Schedule 1.01(d).

Related to Prepaid Expenses and Security Deposits

  • Security Deposits Borrower is in compliance in all material respects with all Legal Requirements relating to security deposits.

  • Tenant Security Deposits All unapplied tenant security deposits (and interest thereon if required by law or contract to be earned thereon) under the Leases, shall be credited to Buyer at Closing.

  • Prepaid Expenses To the extent Expenses have been paid prior to the Closing Date for the rental period in which the Closing occurs, Seller shall account to Buyer for such prepaid Expenses, and Seller shall be credited for the amount of such prepaid expenses applicable to the period after the Closing Date.

  • Rent and Security Deposit Lessee covenants, stipulates and agrees to pay to Lessor as rent for the Leased Premises the following:

  • BASE RENT AND SECURITY DEPOSIT (a) Tenant agrees to pay during each month of the Lease Term as Base Rent (“Base Rent”) for the Premises the sums shown for such periods in Item 5 of the Basic Lease Provisions.

  • Utility Deposits Seller shall receive a credit for the amount of deposits, if any, with utility companies that are transferable and that are assigned to Purchaser at the Closing.

  • Tenant Deposits All tenant and licensee security deposits collected and not applied by Seller (and interest thereon if required by law or contract) shall be transferred or credited to Purchaser at Closing. As of the Closing, Purchaser shall assume Seller's obligations related to tenant and licensee security deposits, but only to the extent they are credited or transferred to Purchaser.

  • Security Deposit Account If applicable law or a Lender requires a segregated account of Tenant security deposits, Property Manager will open a separate account at a reputable bank or other financial institution. Property Manager may return such deposits to any Tenant in the ordinary course of business in accordance with the terms of the applicable Lease.

  • Prepaid Rent Tenant shall, upon execution of this Lease, pay to Landlord the amount set forth in Article 1 as "First Month's Prepaid Rent" as prepayment of rent for credit against the first payment of Base Monthly Rent due hereunder.

  • Net Deposits As an administrative convenience, unless the Servicer is required to remit collections within two Business Days of the Posted Date, the Servicer will be permitted to make the deposit of collections net of distributions, if any, to be made to the Servicer with respect to the Collection Period. The Servicer, however, will account to the Trustee, the Indenture Trustee, the Noteholders and the Certificateholders as if all deposits, distributions and transfers were made individually.

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