Utility Deposits. Seller shall be entitled to retain all Utility Deposits. If any of the Utility Deposits is not refundable to Seller without replacement by Purchaser, Purchaser shall either: (i) deliver the requisite replacement Utility Deposit to the utility company on or before the Closing Date, or (ii) pay to Seller at the Closing the amount of such Utility Deposit, against a good and sufficient transfer by Seller to Purchaser of all interest of Seller in the Utility Deposit.
Appears in 2 contracts
Sources: Purchase and Sale Agreement, Purchase and Sale Agreement (Industrial Property Trust Inc.)
Utility Deposits. Seller shall be entitled to retain all Utility Depositsutility deposits paid by Seller prior to the Closing. If any of the Utility Deposits is utility deposits are not refundable to Seller without replacement by Purchaser, Purchaser shall either: (i) deliver the requisite replacement Utility Deposit utility deposit to the utility company on or before the Closing Date, or (ii) pay to Seller at the Closing the amount of such Utility Depositutility deposit, against a good and sufficient transfer by Seller to Purchaser of all interest of Seller in the Utility Depositutility deposit.
Appears in 2 contracts
Sources: Purchase and Sale Agreement (Costar Group Inc), Purchase and Sale Agreement (Costar Group Inc)
Utility Deposits. Seller shall be entitled to retain any or all Utility Depositsutility deposits and all interest accrued thereon. If any of the Utility Deposits utility deposit is not refundable to Seller without replacement by Purchaser, Purchaser shall either: (i) deliver the requisite replacement Utility Deposit utility deposit to the utility company on or before the Closing Date, or (ii) pay to Seller at the Closing the amount of such Utility Deposit, against a good and sufficient transfer by Seller to Purchaser of all interest of Seller in the Utility Deposit.
Appears in 2 contracts
Sources: Purchase and Sale Agreement (Mack Cali Realty Corp), Purchase and Sale Agreement (Mack Cali Realty Corp)
Utility Deposits. The Seller shall be entitled to retain all Utility Deposits. If any of the Utility Deposits is not refundable to the Seller without replacement by the Purchaser, the Purchaser shall either: (i) deliver the requisite replacement Utility Deposit to the utility company on or before the Closing Date, or (ii) pay to the Seller at the Closing the amount of such Utility Deposit, against a good and sufficient transfer by the Seller to the Purchaser of all interest of the Seller in the Utility Deposit.
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Utility Deposits. At Closing, Seller shall be entitled to retain the refund and retention of all Utility Depositsutility deposits and all interest accrued thereon. If any of the Utility Deposits utility deposits is not refundable to Seller without replacement by PurchaserBuyer, Purchaser then Buyer shall either: (i) deliver the requisite replacement Utility Deposit utility deposit to the utility company on or before the Closing Date, or (ii) pay to Seller at the Closing the amount of such Utility Deposit, against a good and sufficient transfer by Seller to Purchaser of all interest of Seller in the Utility Deposit.
Appears in 1 contract
Sources: Purchase and Sale Agreement (First Potomac Realty Trust)
Utility Deposits. Seller shall be entitled to retain all Utility Deposits. If any of the Utility Deposits is not refundable to Seller without replacement by Purchaser, Purchaser shall either: (i) deliver the requisite replacement Utility Deposit to the utility company on or before the Closing Date, or (ii) pay to Seller at the Closing the amount of such Utility Deposit, against a good and sufficient transfer by Seller to Purchaser of all interest of Seller in the Utility Deposit.. Section 14.9 [intentionally omitted]
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Utility Deposits. Seller Sellers shall be entitled to obtain a refund of all Utility Deposits and to retain all Utility DepositsDeposits so refunded. If any of the Utility Deposits is not refundable to Seller Sellers at Closing without replacement by Purchaser, Purchaser shall either: (i1) deliver the requisite replacement Utility Deposit to the utility company on or before the Closing Date, or (ii) pay to Seller Sellers at the Closing the amount of such Utility Deposit, against a good and sufficient transfer by Seller Sellers to Purchaser of all interest of Seller Sellers in the Utility Deposit.
Appears in 1 contract
Sources: Membership Interest Purchase Agreement (Feldman Mall Properties, Inc.)