Common use of Prepaid Rents and Security and Other Deposits Clause in Contracts

Prepaid Rents and Security and Other Deposits. Prepaid rents and security and other tenant deposits (including but not limited to pet deposits and key deposits), if any, under assigned leases shall be paid to Purchaser by Seller (or credited against the Purchase Price) at Closing. Purchaser shall assume full liability therefor and shall indemnify and hold Seller harmless with respect to all such deposits.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Walden Residential Properties Inc), Purchase and Sale Agreement (Cozumel Apartments) (Walden Residential Properties Inc), Purchase and Sale Agreement (Walden Residential Properties Inc)

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Prepaid Rents and Security and Other Deposits. Prepaid rents and security and other tenant deposits (including but not limited to pet deposits and key deposits), if any, under assigned leases shall be paid to Purchaser by Seller (or credited against the Purchase Price) at Closing. Purchaser shall assume full liability therefor and shall indemnify and hold Seller harmless with respect to all such deposits.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Walden Residential Properties Inc)

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Prepaid Rents and Security and Other Deposits. Prepaid rents and security and other tenant deposits (including but not limited to pet deposits and key deposits), if any, under assigned leases shall be paid to Purchaser by Seller (or credited against the Purchase Price) at Final Closing. Purchaser shall assume full liability therefor and shall indemnify indemnify, defend and hold Seller harmless with respect to all such deposits.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Walden Residential Properties Inc)

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