Common use of Utility Deposits Clause in Contracts

Utility Deposits. Seller shall receive a credit for the amount of deposits, if any, with utility companies that are transferable and that are assigned to Purchaser at the Closing.

Appears in 19 contracts

Sources: Purchase and Sale Agreement, Purchase and Sale Agreement (Rexford Industrial Realty, Inc.), Purchase and Sale Agreement (Rexford Industrial Realty, Inc.)

Utility Deposits. Seller shall receive a credit for the amount of deposits, if any, with utility companies that are transferable and that are assigned to Purchaser Buyer at the Closing.

Appears in 2 contracts

Sources: Merger Agreement (Thermo Fisher Scientific Inc.), Purchase and Sale Agreement (Varian Semiconductor Equipment Associates Inc)

Utility Deposits. Seller shall receive a credit for the amount of deposits, if any, with utility companies that are transferable and that are assigned to Purchaser at the Closing.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Regency Realty Corp)

Utility Deposits. Seller shall receive a credit for the amount of ---------------- deposits, if any, with utility companies that are transferable and that are assigned to Purchaser at the Closing. If Seller may not transfer or assign such deposits, then Purchaser shall pay to an applicable utility company an amount at Closing necessary to replace the amount of Seller's deposits.

Appears in 1 contract

Sources: Purchase and Sale Agreement (First Capital Insured Real Estate Limited Partnership)

Utility Deposits. Seller shall receive a credit for at Closing in the amount of depositsall refundable cash or other deposits posted with utility companies servicing the Property which are duly assigned to and assumed by Purchaser at Closing, if any, with utility companies that are transferable and that are assigned to Purchaser at the Closing.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Tandy Leather Factory Inc)