Common use of Security and Other Deposits Clause in Contracts

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. 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 Lease or applicable lawslaw) required to be held by Seller under the Leases 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. At the Closing, Seller shall deliver to Purchaser Buyer all unapplied refundable security and pet deposits (plus interest accrued thereon to the extent required to be paid by the applicable Leases Lease or applicable lawslaw) required to be held by Seller under the Leases and Purchaser Buyer shall pay Seller an amount equal to all utility and contract deposits then held by third parties with respect to the Property and Property. Any such security deposits in form other than cash (including letters of credit or security interests in security deposit escrows) shall be transferred to Purchaser hereunderBuyer by way of appropriate instrument of transfer or assignment.

Security and Other Deposits. At the Closing, Seller shall deliver to Purchaser (or credit) Buyer all unapplied refundable security and pet deposits (plus interest accrued thereon to the extent required to be paid by the applicable Leases Lease or applicable lawslaw) required to be held by Seller under the Leases and Purchaser Buyer 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 hereunderProperty.