Tenant Deposits. All tenant security deposits collected and not applied by Seller (and interest thereon if required by law or 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 credited or transferred to Purchaser.
Appears in 4 contracts
Samples: Purchase and Sale Agreement (Homes for America Holdings Inc), Purchase and Sale Agreement (Wells Real Estate Investment Trust Inc), Purchase and Sale Agreement (Apple Residential Income Trust Inc)
Tenant Deposits. All tenant and licensee security deposits collected and not applied by Seller (and interest thereon if required by law or contract) shall be transferred or credited to Purchaser at Closing. , As of the Closing, Purchaser shall assume Seller's obligations related to tenant and licensee security deposits, but only to the extent they are credited 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 collected and not applied by Seller in accordance with the terms of the applicable Lease and applicable law (and interest thereon if required by law or 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 credited or transferred to Purchaser.
Appears in 1 contract
Samples: Purchase and Sale Agreement (American Industrial Properties Reit Inc)
Tenant Deposits. All tenant security deposits collected and not applied by Seller deposits, as set forth in the Leases (and interest thereon if required by law or contractcontract to be earned thereon) 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 or and transferred to Purchaser.
Appears in 1 contract
Samples: Real Estate Purchase and Sale Agreement (Mack Cali Realty Corp)
Tenant Deposits. All tenant security deposits collected and not applied by Seller (and interest thereon if required by law or contractcontract to be earned thereon) shall be transferred or credited to Purchaser Buyer at Closing. As of the Closing, At Closing Purchaser shall assume Seller's obligations related to tenant security deposits, deposits but only to the extent they are properly credited or and transferred to PurchaserBuyer.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Preferred Properties Fund 80)
