Security Deposits Under the Leases. Seller shall transfer or provide Purchaser a credit against the Purchase Price those security deposits paid by tenants under the Leases and which are in the possession of the Seller. After such transfer or credit against the Purchase Price, Purchaser shall assume the obligations for the return of security deposits and shall indemnify and hold Seller harmless from and against any claims made by a tenant under the Leases, including claims for the return of the security deposits. The provisions of this Section shall survive Closing and the delivery of the Deed by Seller to Purchaser for a period of six (6) months.
Appears in 17 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Carolina Purchase and Sale Agreement
