Related Clauses

Additional Space
LEASE RENEWAL
Term of Contract; Contract Extension
Rent Review
Contract Extension
Rent Schedule
Term of the Lease
Additional Premises
Notice of Issuance, Amendment, Extension, Reinstatement or Renewal
Lease Extension

Parent Clauses

Closing
Apportionments
Prorations
ADJUSTMENTS
Tenant Provisions
Proration Fees Costs and Adjustments
Closing Prorations
Adjustments to Purchase Price and Closing Costs
Costs and Prorations
Copies of Third Party Reports

Sub-Clauses

DEFAULT BY SELLER
DEFAULT BY PURCHASER
Organization and Authority
Seller's Conditions to Closing
Failure or Waiver of Conditions Precedent
Damage or Condemnation
Purchaser’s Conditions to Closing
Equity Seller’s Representations
Parties Bound
Investment and Use of Funds

Rent Ready Credit. At Closing, with respect to each Property, Purchaser shall receive a credit against the Purchase Price in the amount equal to $2,500 for each apartment unit at such Property that is vacant as of the Closing Date and that is not in “rent ready” condition for immediate occupancy by a tenant in accordance with the applicable Applicable Entity’s typical standards utilized in the ordinary course of its business. This Section 5(j) shall survive Closing.

Appears in 3 contracts

Samples: Equity Interests Purchase and Sale Agreement (Aspire Real Estate Investors, Inc.), Equity Interests Purchase and Sale Agreement (Aspire Real Estate Investors, Inc.), Equity Interests Purchase and Sale Agreement (Aspire Real Estate Investors, Inc.)

Rent Ready Credit. At Closing, with respect to each Property, Purchaser shall receive a credit against the Purchase Price in the amount equal to $2,500 for each apartment unit at such Property that is vacant as of the Closing Date and that is not in “rent ready” condition for immediate occupancy by a tenant in accordance with the applicable ~~Applicable Entity~~Real Property Owner’s typical standards utilized in the ordinary course of its business. This Section 5(j) shall survive Closing.

Appears in 2 contracts

Samples: Equity Interests Purchase and Sale Agreement (Aspire Real Estate Investors, Inc.), Equity Interests Purchase and Sale Agreement (Aspire Real Estate Investors, Inc.)

Rent Ready Credit. At Closing, with respect to each Owned Property, Purchaser shall receive a credit against the Purchase Price in the amount equal to $2,500 for each apartment unit at such Owned Property that is vacant as of the Closing Date and that is not in “rent ready” condition for immediate occupancy by a tenant in accordance with the applicable ~~Applicable Entity~~Real Property Owner’s typical standards utilized in the ordinary course of its business. This Section 5(j) shall survive Closing.

Appears in 1 contract

Samples: Equity Interests Purchase and Sale Agreement (Aspire Real Estate Investors, Inc.)

Common use of Rent Ready Credit Clause in Contracts