Common use of Rent Paid in Arrears Clause in Contracts

Rent Paid in Arrears. For any tenant or other user of the Property that makes rent payments in arrears pursuant to such tenant’s or user’s lease or other agreement with a Seller (including, without limitation, any parking garage operator, if applicable). Purchaser agrees that upon Purchaser’s receipt of any rent payment from any such tenant or other user that is for any period of time prior to the Closing Date, Purchaser shall promptly pay to Sellers the portion of such payment that applies to the period of time prior to the Closing Date. The provisions of this Section 4.4.4 shall survive the Closing.

Appears in 2 contracts

Samples: Real Estate Sale Agreement, Real Estate Sale Agreement (Equity Commonwealth)

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Rent Paid in Arrears. For any tenant or other user of the Property that makes rent payments in arrears pursuant to such tenant’s or user’s lease or other agreement with a Seller Nine Penn Owner (including, without limitation, any parking garage operator, if applicable). , Purchaser agrees that upon PurchaserNine Penn Owner’s receipt after Closing of any rent payment from any such tenant or other user that is for any period of time prior to the Closing Date, Purchaser shall promptly pay to Sellers Seller the portion of such payment that applies to the period of time prior to the Closing Date. The provisions of this Section 4.4.4 shall survive the Closing.

Appears in 1 contract

Samples: Sale Agreement (Equity Commonwealth)

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Rent Paid in Arrears. For any tenant or other user of the Property that makes rent payments in arrears pursuant to such tenant’s or user’s lease or other agreement with a Seller (including, without limitation, any parking garage operator, if applicable). , Purchaser agrees that upon Purchaser’s receipt of any rent payment from any such tenant or other user that is for any period of time prior to the Closing Date, Purchaser shall promptly pay to Sellers Seller the portion of such payment that applies to the period of time prior to the Closing Date. The provisions of this Section 4.4.4 shall survive the Closing.

Appears in 1 contract

Samples: Real Estate Sale Agreement (Mack Cali Realty L P)

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