Common use of Tenant Deposits Clause in Contracts

Tenant Deposits. At Closing, Buyer shall receive a credit against the Purchase Price in an amount equal to all tenant deposits (and any interest due thereon to tenants) being held by Seller or any other person under the Leases.

Appears in 5 contracts

Samples: Purchase and Sale Agreement (Cornerstone Core Properties REIT, Inc.), Purchase and Sale Agreement (Cornerstone Core Properties REIT, Inc.), Purchase and Sale Agreement (Cornerstone Core Properties REIT, Inc.)

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Tenant Deposits. At Closing, Buyer shall receive a credit against the Purchase Price in an amount equal to at Closing for all tenant deposits (and any interest due thereon to tenants) unapplied cash Tenant Deposits then being held by Seller or any other person under the Tenant Leases.

Appears in 1 contract

Samples: Contract of Sale (Invesco Real Estate Income Trust Inc.)

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Tenant Deposits. At Closing, Buyer shall receive a credit against the Purchase Price in an amount equal to all refundable tenant deposits (and any interest due thereon to tenants) being held by Seller or any other person under the Leases.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Cornerstone Core Properties REIT, Inc.)

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