Common use of Rents Clause in Contracts

Rents. Buyer will receive a credit at the Closing for all rents collected by Seller prior to the Closing and allocable to the period from and after the Closing based upon the actual number of days in the month. No credit shall be given Seller for accrued and unpaid rent or any other non-current sums due from Tenants until these sums are paid, and Seller shall retain the right to collect any such rent provided Seller does not xxx to evict any tenants or terminate any Leases. Buyer shall cooperate with Seller after the Closing to collect any rent under the Leases which has accrued as of the Closing; provided, however, Buyer shall not be obligated to xxx any Tenants or exercise any legal remedies under the Leases or to incur any expense over and above its own regular collection expenses. All payments collected from Tenants after the Closing shall first be applied to the month in which the Closing occurs, then to any rent due to Buyer for the period after Closing and finally to any rent due to Seller for the period prior to Closing; payments collected by either party after Closing shall be paid over to the party entitled thereto under this Section 7.9.1.1 within five (5) business days after receipt thereof.

Rents. Buyer will receive a credit at the Closing for all rents and other revenue generated from the ownership and operation of the Property collected by Seller prior to the Closing Date and allocable to the period from and after the Closing Date based upon the actual number of days in the month. No credit shall be given to Seller for accrued and unpaid rent or any other non-current sums due from Residents or Tenants until these sums are paid, and Seller shall shall, subject to the last sentence of this paragraph, retain for thirty (30) days after the Closing Date, the right to collect receive any such rent collected by Buyer for the benefit of Seller; provided Seller does not has no right to directly collect, contact or xxx to evict any tenants or terminate any Leases. Buyer shall cooperate with Seller after the Closing Date to collect any rent under the Leases which has accrued as of the ClosingClosing Date; provided, however, Buyer shall not be obligated to xxx any Residents or Tenants or exercise any legal remedies under the Leases or to incur any expense over and above its own regular collection expenses. All payments collected from Residents and Tenants after the Closing Date shall first be applied to the month in which the Closing occurs, then to any rent due to Buyer for the period after the Closing Date through the month in which such payment was made, and finally to any rent due to Seller for the period prior to Closing; payments collected by either party after Closing shall be paid over to the party entitled thereto under this Section 7.9.1.1 within five (5) business days after receipt thereofDate.

Rents. Buyer will receive a credit at the Closing for all rents and other revenue generated from the ownership and operation of the Property collected by Seller prior to the Closing Date and allocable to the period from and after the Closing Date based upon the actual number of days in the month. No credit shall be given to Seller for accrued and unpaid rent or any other non-current sums due from Residents or Tenants until these sums are paid, and Seller shall shall, subject to the last sentence of this paragraph, retain for thirty (30) days after the Closing Date, the right to collect receive any such rent collected by Buyer for the benefit of Seller; provided Seller does not has no right to directly collect, contact or xxx to evict any tenants or terminate any Leases. Buyer shall cooperate with Seller after the Closing Date to collect any rent under the Leases which has accrued as of the ClosingClosing Date; provided, however, Buyer shall not be obligated to xxx any Residents or Tenants or exercise any legal remedies under the Leases or to incur any expense over and above its own regular collection expenses. All payments collected from Residents and Tenants after the Closing Date shall first be applied to the month in which the Closing occurs, then to any rent due to Buyer for the period after the Closing Date through the month in which such payment was made, and finally to any rent due to Seller for the period prior to Closing; payments collected by either party after Closing shall be paid over to the party entitled thereto under this Section 7.9.1.1 within five (5) business days after receipt thereofDate.

Rents. Buyer will receive a credit at the Closing for all rents Rents collected by Seller Owner or the SPE Entities prior to the Closing and allocable to the period from and after the Closing based upon the actual number of days in the month. No credit shall will be given Seller for accrued and unpaid rent or any other non-current sums due from Tenants until these sums are paid, and Seller shall retain the right to collect any such rent provided Seller does not xxx to evict any tenants or terminate any Leases. Buyer shall cooperate with Seller after the Closing to collect any rent under the Leases which has accrued prorated as of the Closing Date. During the period after Closing, the Company shall deliver to Contributor any and all rents accrued but uncollected as of the Closing Date to the extent subsequently collected by the Owner or the SPE Entities; provided, however, Buyer the Company shall apply rents received after Closing (net of any collection fees or expenses) first, to payment of current rent then due, second, to rents attributable to any period after the Closing that are past due on the date of receipt, and thereafter to delinquent rents existing as of the Closing. Contributor will not be obligated have the right to xxx to collect any Tenants or exercise any legal remedies under rents past due as of the Leases or to incur any expense over and above its own regular collection expensesClosing Date. All payments collected from Tenants by tenants under the Leases, on account of rent or otherwise, received by Contributor after the Closing shall first be applied Date, whether attributable to the month in which the Closing occurs, then to any rent due to Buyer for the period after Closing and finally to any rent due to Seller for the period prior to Closing; payments collected or after the Closing Date, will be deemed to be held in trust by either party after Closing shall Contributor for the Company and will be endorsed to the Company and paid over to the party entitled thereto under this Section 7.9.1.1 Company (without deposit into Contributor’s account) within five (5) business days after of receipt thereofthereof by Contributor.

Rents. Buyer will receive a credit at the Closing closing for all rents collected by Seller prior to the Closing and which are allocable to the period from and after the Closing Close of Escrow based upon the actual number of days in the month. No credit shall be given the Seller for accrued and unpaid rent or any other non-current sums due from Tenants until these sums are paid, and Seller shall retain the right to collect any such rent provided Seller does not xxx to evict any tenants or terminate any Tenant Leases. Buyer shall cooperate with Seller after the Closing to collect any rent under the Tenant Leases which has accrued as of the Closing; provided, however, Buyer shall not be obligated to xxx any Tenants or exercise any legal remedies under the Tenant Leases or to incur any expense over and above its own regular collection expenses. All payments collected from Tenants after the Closing shall first be applied to the month in which the Closing occurs, then to any rent due to Buyer for the period after Closing and finally to any rent due to Seller for the period prior to Closing; provided, however, notwithstanding the foregoing, if Seller collects any payments collected by either party from Tenants after Closing shall be paid over through its own collection efforts, Seller may first apply such payments to rent due the party entitled thereto under this Section 7.9.1.1 within five (5) business days after receipt thereofSeller for the period prior to Closing.

Rents. Buyer will receive a credit at the Closing for all rents collected by Seller prior to the Closing and allocable to the period from and after the Closing based upon the actual number of days in the month. No credit shall be given Seller for accrued and unpaid rent or any other non-current sums due from Tenants until these sums are paid, and Seller shall retain the right to collect any such rent provided Seller does not xxx to evict any tenants or terminate any Leases. Buyer shall cooperate with Seller after the Closing to collect any rent under the Leases which has accrued as of the Closing; provided, however, Buyer shall not be obligated to xxx any Tenants or exercise any legal remedies under the Leases or to incur any expense over and above its own regular collection expensesexpense. All payments collected from Tenants after the Closing shall first be applied to the month in which the Closing occurs, then to any rent due to Buyer for the period after Closing and finally to any rent due to Seller for the period prior to Closing; payments collected by either party after Closing shall be paid over to the party entitled thereto under this Section 7.9.1.1 7.7.1.2 within five (5) business days after receipt thereof.

Rents. Buyer will receive a credit at the Closing for all rents collected payable by Seller prior to Tenants under the Leases as of the Closing and allocable to the period from on and after the Closing based upon the actual number of days in the month. No credit shall be given Seller for accrued and unpaid rent or any other non-non­ current sums due from Tenants until these sums are paid, and Seller Xxxxxx shall retain the right to collect any such rent provided Seller does not xxx to evict any tenants Tenants or terminate any Leases. Buyer shall cooperate with Seller after the Closing to collect any rent under the Leases which has accrued as of prior to the Closing; provided, however, Buyer shall not be obligated to xxx any Tenants or exercise any legal remedies under the Leases or to incur any expense over and above its own regular collection expenses. All payments collected from Tenants after the Closing shall first be applied to the month in which the Closing occurs, then to any rent due to Buyer for the period after Closing and finally to any rent due to Seller for the period prior to Closing; payments collected by either party after Closing shall be paid over to the party entitled thereto under this Section 7.9.1.1 7.7.1.2 within five (5) business days after receipt thereofreceipt.

Rents. Buyer will receive a credit at the Closing for all rents collected by Seller prior to the Closing and allocable to the period from and after the Closing based upon the actual number of days in the month. No credit shall be given Seller for accrued and unpaid rent or any other non-current sums due from Tenants until these sums are paid, and Seller shall retain the right to collect any such rent provided Seller does not xxx to evict any tenants or terminate any Leases. Buyer shall cooperate with Seller after the Closing to collect any rent under the Leases which has accrued as of the Closing; provided, however, Buyer shall not be obligated to xxx any Tenants or exercise any legal remedies under the Leases or to incur any expense over and above its own regular collection expenses. All payments collected from Tenants after the Closing shall first be applied to the month in which the Closing occurs, then to any rent due to Buyer for the period after Closing and finally to any rent due to Seller for the period prior to Closing; payments collected by either party after Closing shall be paid over to the party entitled thereto under this Section 7.9.1.1 7.7.1.2 within five (5) business days after receipt thereof.