Common use of Security Deposits/Tenant Inducements Clause in Contracts

Security Deposits/Tenant Inducements. Purchaser shall receive a credit against the portion of the Purchase Price payable on the Closing Date in an amount equal to the sum of (i) the Security Deposits, if any, which Seller is holding pursuant to the Leases and New Leases and as set forth in Schedule 7.02(a) attached hereto, plus (ii) all costs, expenses and losses (including without limitation, reductions in Rent) which will be incurred by Purchaser after the Closing as a result of all Tenant Inducements given on or before the Closing Date which are not paid in full as of Closing in respect to Qualified Leases as of the Closing Date.

Security Deposits/Tenant Inducements. Purchaser shall receive a credit against the portion of the Purchase Price payable on the applicable Closing Date in an amount equal to the sum of (i) the Security Deposits, if any, which Seller is holding pursuant to the Leases and New Leases in the subject Phase and as set forth in Schedule 7.02(a) attached hereto, plus (ii) all costs, expenses and losses (including without limitation, reductions in Rent) which will be incurred by Purchaser after the applicable Closing as a result of all Tenant Inducements given on or before the applicable Closing Date which are not paid in full as of such Closing in respect to Qualified Leases in the subject Phase as of the applicable Closing Date.