Common use of Tenant Deposits Clause in Contracts

Tenant Deposits. All tenant security deposits actually received by Seller (and interest thereon if required by law or contract to be earned thereon) and not theretofore applied to tenant obligations under the Lease shall be transferred or credited to Buyer at the Close of Escrow or placed in escrow if required by law. As of the Close of Escrow, Buyer shall assume Seller's obligations related to the tenant security deposit. Buyer will indemnify, defend, and hold Seller harmless from and against all demands and claims made by the tenant under the Lease arising out of the transfer or disposition of any such security deposit and will reimburse Seller for all attorneys' fees incurred or that may be incurred as a result of any such claims or demands as well as for all loss, expenses, verdicts, judgments, settlements, interest, costs and other expenses incurred or that may be incurred by Seller as a result of any such claims or demands by the tenant.

Tenant Deposits. All cash tenant security deposits deposits, if any, actually received by Seller the Company (and interest thereon if required by law or contract to be earned thereon) and not theretofore applied to tenant obligations under the Lease Leases shall be transferred or credited to Buyer at the Close of Escrow Closing or placed in escrow if required by law. As of the Close of EscrowClosing, Buyer shall assume Seller's ’s obligations related to the tenant security depositdeposits. Buyer will indemnify, defend, and hold Seller harmless from and against all demands and claims made by the tenant under the Lease arising out of the transfer or disposition of tenants with respect to any such security deposit deposits transferred or credited to Buyer and will reimburse Seller for all reasonable attorneys' ’ fees incurred or that may be incurred as a result of any such claims or demands as well as for all loss, expenses, verdicts, judgments, settlements, interest, costs and other expenses incurred or that may be incurred by Seller as a result of any such claims or demands by the tenanttenants.

Tenant Deposits. All tenant security deposits actually received by Seller the Sellers or previously credited to the Sellers (and interest thereon if required by law Law or contract to be earned thereon) and not theretofore applied to tenant obligations under the Lease Leases shall be transferred or credited to Buyer Buyers at the Close of Escrow Closing or placed in escrow if required by lawLaw. As of the Close of EscrowClosing, Buyer Buyers shall assume Seller's all of Sellers’ obligations related to the tenant security depositdeposits to the extent credited or turned over in escrow. Buyer Buyers will indemnify, defend, and hold Seller Sellers harmless from and against all demands and claims made by the tenant under the Lease tenants arising out of the transfer or disposition of any such security deposit deposits to the extent credited or turned over in escrow and will reimburse Seller Sellers for all reasonable attorneys' ’ fees incurred or that may be incurred as a result of any such claims or demands as well as for all loss, expenses, verdicts, judgments, settlements, interest, costs and other expenses incurred or that may be incurred by Seller Sellers as a result of any such claims or demands by the tenanttenants.

Tenant Deposits. All tenant security deposits actually received by Seller the Sellers (and interest thereon if required by law Law or contract to be earned thereon) and not theretofore applied to tenant obligations under the Lease Leases shall be transferred or credited to Buyer Buyers at the Close of Escrow Closing or placed in escrow if required by lawLaw. As of the Close of EscrowClosing, Buyer Buyers shall assume Seller's all of Sellers’ obligations related to the tenant security depositdeposits to the extent credited or turned over in escrow. Buyer Buyers will indemnify, defend, and hold Seller Sellers harmless from and against all demands and claims made by the tenant under the Lease tenants arising out of the transfer or disposition of any such security deposit deposits to the extent credited or turned over in escrow and will reimburse Seller Sellers for all reasonable attorneys' ’ fees incurred or that may be incurred as a result of any such claims or demands as well as for all loss, expenses, verdicts, judgments, settlements, interest, costs and other expenses incurred or that may be incurred by Seller Sellers as a result of any such claims or demands by the tenant.tenants;

Tenant Deposits. All cash tenant security deposits and pet, cleaning or similar deposits paid under the Leases actually received by Seller (and interest thereon if required by law or contract to be earned thereon) and not theretofore applied to tenant obligations under the Lease Leases shall be transferred or credited to Buyer at the Close of Escrow Closing or placed in escrow account established by Buyer if required by law. As of the Close of EscrowClosing, Buyer shall assume Seller's ’s obligations related to the tenant security depositdeposits. Buyer will indemnify, defend, and hold Seller harmless from and against all demands and claims made by the tenant under the Lease arising out of the transfer or disposition of tenants with respect to any such security deposit deposits and will reimburse Seller for all attorneys' ’ fees incurred or that may be incurred as a result of any such claims or demands as well as for all loss, expenses, verdicts, judgments, settlements, interest, costs and other expenses incurred or that may be incurred by Seller as a result of any such claims or demands by tenants. The foregoing indemnity obligations shall survive Closing and delivery of the tenantDeed.