Common use of Prepaid Expenses Clause in Contracts

Prepaid Expenses. Buyer shall be charged for those prepaid expenses paid by Seller allocable to any period from and after the Closing Date, including, without limitation, prepaid rents under any equipment lease, annual permit and inspection fees, and fees for licenses paid by Seller to third parties to the extent the same are transferable hereunder, are in fact transferred hereunder to Buyer at Closing and remain on deposit for the benefit of Buyer.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Pacific Office Properties Trust, Inc.), Purchase and Sale Agreement (Pacific Office Properties Trust, Inc.), Purchase and Sale Agreement (Pacific Office Properties Trust, Inc.)

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Prepaid Expenses. Buyer shall be charged for those prepaid expenses paid by Seller Transferors directly or indirectly allocable to any period from and after the Closing Date, including, without limitation, prepaid rents under any equipment lease, annual permit and inspection confirmation fees, and fees for licenses and all security or other deposits paid by Seller Transferors to third parties which Buyer elects to assume and to which Buyer then shall be entitled to the extent benefits and refund following the same are transferable hereunder, are in fact transferred hereunder to Buyer at Closing and remain on deposit for the benefit of BuyerDate.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Amb Property Corp), Purchase and Sale Agreement (Amb Property Corp)

Prepaid Expenses. Buyer shall be charged for those prepaid expenses paid by Seller allocable to any period from and after the Closing Date, including, without limitation, prepaid rents under any equipment lease, annual permit and inspection fees, and fees for licenses licenses, advertising expenses, trade association dues and trade subscriptions paid by Seller to third parties to the extent the same are transferable hereunder, are at Buyer's request in fact transferred hereunder to Buyer at Closing and remain on deposit for the benefit of Buyer.

Appears in 2 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Pacific Office Properties Trust, Inc.)

Prepaid Expenses. Buyer shall be charged for those prepaid expenses paid by Seller allocable to any period from and after the Closing Date, including, without limitation, prepaid rents under any equipment lease, annual permit and inspection confirmation fees, and fees for licenses and all security or other deposits paid by Seller to third parties which Buyer elects to assume and to which Buyer then shall be entitled to the extent benefits and refund following the same are transferable hereunder, are in fact transferred hereunder to Buyer at Closing and remain on deposit for the benefit of BuyerDate.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Weingarten Realty Investors /Tx/), Purchase and Sale Agreement (Weingarten Realty Investors /Tx/)

Prepaid Expenses. Buyer shall be charged for those prepaid expenses ---------------- paid by Seller directly or indirectly allocable to any period from and after the Closing Date, including, without limitation, prepaid rents under any equipment occupancy lease, annual permit and inspection confirmation fees, and fees for licenses and all security or other deposits paid by Seller to third parties to the extent the same are transferable hereunder, are in fact transferred hereunder to Buyer at Closing and remain on deposit for the benefit of Buyerparties.

Appears in 1 contract

Samples: Agreement of Sale and Purchase (Wells Real Estate Fund Xii Lp)

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Prepaid Expenses. Buyer shall be charged for those prepaid expenses paid by Seller which will benefit Buyer allocable to any period from and after the Closing Date, including, without limitation, prepaid rents under any equipment lease, annual permit and inspection confirmation fees, and fees for licenses and all security or other deposits paid by Seller to third parties which Buyer elects to assume and to which Buyer then shall be entitled to the extent benefits and refund following the same are transferable hereunder, are in fact transferred hereunder to Buyer at Closing and remain on deposit for the benefit of BuyerDate.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Burnham Pacific Properties Inc)

Prepaid Expenses. Buyer shall be charged for those prepaid expenses paid by Seller allocable to any period from and after the Closing Date, including, without limitation, prepaid rents amounts under any equipment leaseContract, annual permit and inspection fees, and fees for licenses paid by Seller to third parties to the extent the same are transferable hereunder, are in fact transferred hereunder to Buyer at Closing and remain on deposit for the benefit of Buyer.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Pacific Office Properties Trust, Inc.)

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