Common use of PREPAID RENTS AND SECURITY DEPOSITS Clause in Contracts

PREPAID RENTS AND SECURITY DEPOSITS. All prepaid rents (including any prepaid real estate tax payments) and security and other deposits of all tenants under Leases not theretofore applied, with interest thereon to the extent any interest is required to be paid to such tenants, shall be delivered by Seller to Buyer on the Closing Date, or Seller may elect to give Buyer a credit against the Purchase Price in the amount of such prepaid rent or deposits.

PREPAID RENTS AND SECURITY DEPOSITS. All prepaid rents (including any prepaid real estate tax payments) and security and other deposits of all tenants under Leases not theretofore appliedLeases, with interest thereon to the extent any interest is required to be paid to such tenants, shall be delivered by Seller to Buyer Purchaser on the Closing Date, or Seller may elect to give Buyer Purchaser a credit against the Base Purchase Price in the amount of such prepaid rent or deposits.

PREPAID RENTS AND SECURITY DEPOSITS. All prepaid rents (including any prepaid real estate tax payments) and security and other deposits of all tenants under Leases not theretofore appliedLeases, with interest thereon to the extent any interest is required to be paid to such tenants, shall be delivered by Seller to Buyer Purchaser on the Closing Date, or Seller may elect to give Buyer Purchaser a credit against the Purchase Price in the amount of such prepaid rent or deposits.