Common use of Utility Deposits; Loan Impounds and Debt Service Clause in Contracts

Utility Deposits; Loan Impounds and Debt Service. Notwithstanding any other provision of this Agreement, no prorations shall be made or credits allowed with respect to any utility deposits, impound accounts with respect to any Lien, or any interest, prepayment premium or other payments on any Lien, all of which shall remain the sole property or obligation of Seller.

Appears in 4 contracts

Samples: Agreement of Purchase and Sale (Chesapeake Lodging Trust), Purchase and Sale Agreement (Marcus Corp), Purchase and Sale Agreement (Highland Hospitality Corp)

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Utility Deposits; Loan Impounds and Debt Service. Notwithstanding any other provision of this Agreement, no prorations shall be made or credits allowed with respect to any utility deposits, impound accounts with respect to any Lien, or any interest, prepayment premium or other payments on any Lien, all of which shall remain the sole property or obligation of Seller. 9.

Appears in 1 contract

Samples: Agreement of Purchase and Sale of Real Property

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Utility Deposits; Loan Impounds and Debt Service. Notwithstanding any other provision of this Agreement, no prorations shall be made or credits allowed with respect to any utility deposits, impound or escrow accounts with respect to any Lien, or any interest, prepayment premium or other payments on any Lien, all of which shall remain the sole property or obligation of Sellerthe applicable Seller or Sellers, except for Breakage Costs which shall be paid as set forth in Section 3.1 and costs associated with the termination of Excluded Contracts which shall be paid as set forth in Section 2.1.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Capital Lodging)

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