Common use of Tenant Deposits Clause in Contracts

Tenant Deposits. All tenant security deposits (and interest thereon if required by law or contract to be earned thereon), if any, shall be transferred or credited to Purchaser at Closing. As of the Closing, Purchaser shall assume Seller’s obligations related to tenant security deposits, but only to the extent they are properly credited and transferred to Purchaser.

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Bluerock Residential Growth REIT, Inc.), Purchase and Sale Agreement

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Tenant Deposits. All tenant security deposits (and interest thereon if required by law or contract to be earned thereon), if any, ) shall be transferred or credited to Purchaser Buyer at Closing. As of the Closingclosing, Purchaser Buyer shall assume Seller’s 's obligations related to tenant security deposits, but only to the extent they are properly credited and transferred to PurchaserBuyer.

Appears in 3 contracts

Samples: Sale Agreement (Cedar Income Fund LTD /Md/), Sale Agreement (Cedar Income Fund LTD /Md/), Sale Agreement (Cedar Income Fund LTD /Md/)

Tenant Deposits. All tenant security deposits collected and not applied by Seller pursuant to the Leases (and interest thereon if required by law or contract to be earned thereon), if any, contract) shall be transferred or credited to Purchaser at Closing. As of the Closing, Purchaser shall assume Seller’s obligations related to tenant security deposits, but only to the extent they are properly credited and or transferred to Purchaser.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Inland Western Retail Real Estate Trust Inc)

Tenant Deposits. All tenant security deposits in Seller’s possession (and interest thereon if required by law or contract to be earned thereon), if any, ) and not theretofore applied to tenant obligations under the Leases shall be transferred or credited to Purchaser at ClosingClosing or placed in escrow if required by law. As of the Closing, Purchaser shall assume Seller’s obligations related to tenant security deposits, but only to the extent they are properly credited and transferred to Purchaser.

Appears in 1 contract

Samples: Real Estate Contract (Resource Apartment REIT III, Inc.)

Tenant Deposits. All tenant security deposits (and interest thereon if required by law or contract to be earned thereon), if any, ) shall be transferred or credited to Purchaser Buyer at Closing. As of the Closing, Purchaser Buyer shall assume Seller’s obligations related to tenant security deposits, but only to the extent they are properly credited and transferred to PurchaserBuyer. In addition, Seller shall transfer to Buyer all of Seller’s interest in the balance of all SureDeposit accounts or like tenant security bond arrangements related to the Property, if any.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Steadfast Apartment REIT III, Inc.)

Tenant Deposits. All tenant security deposits actually received by Seller (and interest thereon if required by law or contract to be earned thereon), if any, ) and not theretofore applied to tenant obligations under the Leases shall be transferred or credited to Purchaser at ClosingClosing or placed in escrow if required by law. As of the Closing, Purchaser shall assume Seller’s obligations related to tenant security deposits, but only to the extent they are properly credited and transferred to Purchaser.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Wells Real Estate Investment Trust Inc)

Tenant Deposits. All tenant security deposits (and interest thereon if required by law or contract to be earned thereon), if any, ) shall be transferred or credited to Purchaser Buyer at Closing. As of the Closing, Purchaser Buyer shall assume Seller’s obligations related to tenant security deposits, but only to the extent they are properly credited and transferred to PurchaserBuyer. In the event any discrepancy in the amount of a security deposit between Appendix 6.1(c) or the applicable Lease, proration shall be based upon the higher amount.

Appears in 1 contract

Samples: Merger Agreement (Thermo Fisher Scientific Inc.)

Tenant Deposits. All tenant security deposits (and interest thereon if required by law or contract to be earned thereon), if any, ) shall be transferred or credited to Purchaser at Closing. As of the Closing, Purchaser shall assume Seller’s 's obligations related to tenant security deposits, but only to the extent they are properly credited and transferred to Purchaser.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Carramerica Realty Corp)

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Tenant Deposits. All cash tenant security deposits (and interest thereon if required by law or contract to be earned thereon), if any, paid to tenants) shall be transferred or credited to Purchaser at Closing. Seller shall execute at Closing the appropriate transfer documents with respect to any letters of credit constituting security deposits. As of the Closing, Purchaser shall assume Seller’s 's obligations related to tenant security deposits, but only to the extent they are properly credited and transferred to Purchaser.

Appears in 1 contract

Samples: Purchase and Sale Agreement (National Rural Utilities Cooperative Finance Corp /Dc/)

Tenant Deposits. All tenant security deposits (and interest thereon --------------- if required by law or contract to be earned thereon)) and other tenant deposits and prepaid fees, if anyincluding without limitation, cleaning or pet deposits and fees, shall be transferred or credited to Purchaser at Closing. As of the Closing, Purchaser shall assume Seller’s 's obligations related to tenant security depositssuch deposits and fees, but only to the extent they are properly credited and transferred to Purchaser.

Appears in 1 contract

Samples: Purchase and Sale Agreement (First Capital Insured Real Estate Limited Partnership)

Tenant Deposits. All tenant security deposits actually received by Seller (and interest thereon if required by law or contract to be earned thereon), if any, ) and not theretofore applied to tenant obligations under the Leases shall be transferred or credited to Purchaser at Closing. As of the Closing, Purchaser shall assume Seller’s obligations related to tenant security deposits, but only deposits to the extent they are properly so transferred or credited and transferred to Purchaser.

Appears in 1 contract

Samples: Purchase and Sale Agreement (BLACK CREEK INDUSTRIAL REIT IV Inc.)

Tenant Deposits. All tenant security deposits (and interest thereon if required by law or contract to be earned thereon), if any, ) shall be transferred or credited to Purchaser at Closing. As of the ClosingClosing Date, Purchaser shall assume Seller’s 's obligations related to tenant security deposits, but only to the extent they are properly credited and transferred to Purchaser.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Regency Realty Corp)

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