Security Deposits; Prepaid Rents. Prepaid rentals and other tenant charges and security deposits (including any portion thereof which may be designated as prepaid rent) under Leases, if and to the extent that such deposits are in Seller’s actual possession or control (or are required by the Leases to be held by Seller) and have not been otherwise applied by Seller to any obligations of any Tenants under the Leases, shall be credited against the Purchase Price, and upon the Closing, Buyer shall assume full responsibility for all security deposits to be refunded to the Tenants under the Leases.
Appears in 9 contracts
Samples: Agreement for Purchase and Sale (Landmark Apartment Trust of America, Inc.), Assignment and Assumption Agreement (Landmark Apartment Trust of America, Inc.), Agreement for Purchase and Sale (Landmark Apartment Trust of America, Inc.)
Security Deposits; Prepaid Rents. Prepaid rentals and other tenant charges and security deposits (including any portion thereof which may be designated as prepaid rent) under Tenant Leases, if and to the extent that such deposits are in Seller’s actual possession or control (or are required by the Leases to be held by Seller) and have not been otherwise applied by Seller to any obligations of any Tenants under the Tenant Leases, shall be credited against the Purchase Price, and upon the ClosingClose of Escrow, Buyer shall assume full responsibility for all security deposits to be refunded to the Tenants under the LeasesTenant Leases (to the extent the same are required to be refunded by the terms of such Tenant Leases or applicable). .
Appears in 1 contract
Samples: Agreement for Purchase and Sale (NNN Healthcare/Office REIT, Inc.)
Security Deposits; Prepaid Rents. Prepaid rentals and other tenant charges and security deposits (including any portion thereof which may be designated as prepaid rent) under Leases, if and to the extent that such deposits are in Seller’s actual possession or control (or are required by the Leases to be held by Seller) and have not been otherwise applied by Seller to any obligations of any Tenants under the Leases, shall be credited against the Purchase Price, and upon the Closing, Buyer shall assume full responsibility for all security deposits to be refunded to the Tenants under the Leases.
Appears in 1 contract
Samples: Agreement for Purchase and Sale (NNN 2003 Value Fund LLC)
Security Deposits; Prepaid Rents. Prepaid rentals and other tenant charges and security deposits (including any portion thereof which may be designated as prepaid rent) under Leases, if and to the extent that such deposits are in Seller’s actual possession or control (or are required by the Leases to be held by Seller) and have not been otherwise applied by Seller to any obligations of any Tenants under the Leases, shall be credited against the Purchase Price, and upon the Closing, Buyer shall assume full responsibility for all security deposits to be refunded to the Tenants under the Leases.. 13 - AGREEMENT FOR PURCHASE AND SALE
Appears in 1 contract
Samples: Assignment and Assumption Agreement (Landmark Apartment Trust of America, Inc.)
