Common use of Rent Arrears Clause in Contracts

Rent Arrears. With respect to any rent arrears arising under the Lease, Buyer shall pay to Seller any rent actually collected that is applicable to the period preceding the Closing Date, less reasonable collection charges; provided, however, that it is hereby understood and agreed that all rent collected by Buyer shall be applied first to unpaid rent accruing after the Closing Date, and then, only after all such past due rent has been collected, to unpaid rent accruing prior to the Closing Date.

Rent Arrears. With respect to any rent arrears arising under the LeaseLeases, Buyer shall pay to Seller any rent actually collected that is applicable to the period preceding the Closing Date, less reasonable collection charges; provided, however, that it is hereby understood and agreed that all rent collected by Buyer shall be applied first to unpaid rent accruing after the Closing Date, and then, only after all such past due rent has been collected, to unpaid rent accruing prior to the Closing Date.

Rent Arrears. With respect to any rent arrears arising under the LeaseLeases, Buyer shall pay to Seller any rent actually collected that is applicable to the period preceding the Closing Date, less reasonable collection chargescharges actually incurred; provided, however, that it is hereby understood and agreed that all rent collected by Buyer shall be applied first to unpaid rent accruing after the Closing Date, and then, only after all such past due rent has been collected, to unpaid rent accruing prior to the Closing Date.

Rent Arrears. With respect to any rent arrears arising under the LeaseLeases, Buyer shall pay to Seller any rent rents actually collected that is are applicable to the period preceding the Closing Date, less reasonable collection charges; provided, however, that it is hereby understood and agreed that all rent rents collected by Buyer shall be applied first to unpaid rent rents accruing after the Closing Date, and then, only after all such past due rent has rents have been collected, to unpaid rent rents accruing prior to the Closing Date.