Security and Other Deposits. At the Closing, Purchaser shall (i) receive a credit in the aggregate amount of all unapplied refundable security deposits (plus interest accrued thereon to the extent required to be paid by the applicable Lease or applicable law) required to be held by Seller under the Leases; and (ii) pay Seller an amount equal to all utility and contract deposits then held by third parties with respect to the Property and transferred to Purchaser hereunder, unless Seller elects to cancel any of the same as of Closing. If any security deposits shall be held by Seller in the form of letters of credit or surety bonds, Seller shall assign its rights thereunder to Purchaser and shall cooperate reasonably with Purchaser in respect of the reissuance of any such letters of credit or bonds in the name of Purchaser.
Security and Other Deposits. At the Closing, Seller shall deliver to Purchaser all unapplied refundable security and pet deposits (plus interest accrued thereon to the extent required to be paid by the applicable Leases or applicable laws) required to be held by Seller under the Leases and Purchaser shall pay Seller an amount equal to all utility and contract deposits then held by third parties with respect to the Property and transferred to Purchaser hereunder.
Security and Other Deposits. The Seller shall pay over to and assign and transfer to the Purchaser at Closing a sum equal to the aggregate of the tenants' unapplied security, cleaning, damage, pet and other deposits under the Leases, to the extent such items have been received by the Seller and have not previously been applied by the Seller towards repairs or for other purposes for which such deposits were being held.
Security and Other Deposits. At the Closing, Sellers shall cause each Property Owner to deliver or credit to Buyer all unapplied refundable security deposits (plus interest accrued thereon to the extent required to be paid by the applicable Lease or applicable law) required to be held by a Property Owner under the Leases, and Buyer shall pay or credit to Sellers an amount equal to all utility deposits and deposits under Assigned Contracts then held by third parties with respect to the Property. At or within a reasonable time after Closing, Sellers shall cause each Property Owner to transfer to Buyer any Tenant security deposits in form other than cash (including letters of credit or security interests in security deposit escrows) by way of appropriate instrument of transfer or assignment.
Security and Other Deposits. If applicable, at the Closing, Seller shall deliver to Purchaser all unapplied refundable security deposits (plus interest accrued thereon to the extent required to be paid by any Lease or applicable law) required to be held by Seller under the Leases and Purchaser shall pay Seller an amount equal to all utility and contract deposits then held by third parties with respect to the Property and transferred to Purchaser hereunder. If there are any security deposits held by Seller in the form of letters of credit or surety bonds, Seller shall take all reasonable steps necessary to enable such letters of credit or bonds to be assigned at Closing and assign its rights to such deposits thereunder to Purchaser and shall cooperate reasonably with Purchaser in respect of the reissuance of any such letters of credit or bonds in the name of Purchaser. Any transfer fees associated with the transfer of security deposits in the form of letters of credit shall be paid by Seller. The obligations under the preceding two (2) sentences shall survive Closing.
Security and Other Deposits. All deposits posted by PatriotNet related to the Business. However, IOI is not assuming any lease of real property entered into by PatriotNet or PCG. Therefore, any security deposit posted with a landlord of real property (other than owners of co-location and other third party hosting facilities) is not assigned to IOI.
Security and Other Deposits. At the Closing, Seller shall cause the Operating Companies to notify Seller and Purchaser of the amount of all unapplied refundable Security Deposits (plus interest accrued thereon to the extent required to be paid by the applicable Lease or applicable law) held by the Operating Companies under the Leases, but such Security Deposits shall be and remain assets of the Operating Companies and the obligations to return the same to the tenants in accordance with terms of the applicable Leases and law, shall be and remain with the Operating Companies.
Security and Other Deposits. Owner will deliver (with such assignments as Transferee may require) to Transferee, all cash and non-cash security and other deposits and interest, if any, required by law or agreement to be paid thereon to the Closing Date.
Security and Other Deposits. Borrower shall deliver (with such assignments as Lender shall 16 require) to Lender or, at Lender's option, Buyer, all cash and non-cash security and other deposits and interest, if 17 any, required by law or agreement to be paid thereon.
Security and Other Deposits. All security deposits or other deposits required for the operation of the Business in the ordinary course consistent with past practice; and
