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) 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 1 contract

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

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Tenant Deposits. All tenant security deposits (and interest thereon if required by law or contract to be earned thereon) shall be transferred or credited to Purchaser at Closing. As of the ClosingClosing Date, 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 (Regency Realty Corp)

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, including 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 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: Agreement of Purchase and Sale (First Capital Insured Real Estate Limited Partnership)

Tenant Deposits. All tenant security deposits (and interest thereon if required by law or contract to be earned thereon) shall be transferred or credited to Purchaser Buyer at Closing. As of the Closing, 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. 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.)

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Tenant Deposits. All cash tenant security deposits (and interest thereon if required by law or contract to be earned thereonpaid 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 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 (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) shall be transferred or credited to Purchaser Buyer at Closing. As of the Closing, 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. 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: Purchase and Sale Agreement (Thermo Fisher Scientific Inc.)

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