Notice Letters Sample Clauses

Notice Letters. At Closing, Sellers shall provide to Purchaser letters from Sellers to the parties to the Service Contracts and utility companies serving the Projects, advising them to direct to Purchaser all bills for the services provided to the Property on and after the Closing Date. Sellers shall be entitled to the return of any deposit(s) posted prior to the Closing with any utility company.
AutoNDA by SimpleDocs
Notice Letters. Seller shall provide to Purchaser copies of form letters to contractors and utility companies serving the Property, advising them of the sale of the Property to Purchaser and directing to Purchaser all bills for the services provided to the Property on and after the Closing Date. Seller shall be entitled to the return of any deposit(s) posted by it with any utility company.
Notice Letters. Subsequent to Closing, Seller shall execute and provide to Purchaser, to the extent provided to it by Purchaser for signature, copies of form letters to tenants and to service, maintenance, supply and other contractors serving the Property, advising them of the sale of the Membership Interest to Purchaser and directing to Purchaser all rents and bills for the services and supplies, respectively, provided to the Property on and after the Date of Closing.
Notice Letters. At or subsequent to Closing, Seller shall execute and deliver to Purchaser copies of a letter to accompany and direct compliance with a notification by Purchaser to tenants of the applicable Property, and/or contractors and utility companies serving such Property, advising them of the sale of the applicable Interests to Purchaser and directing to Purchaser all rents and all bills for the services provided to such Property on and after the Date of Closing.
Notice Letters. Subsequent to Closing, S&W shall provide to SRA copies of form letters to contractors and utility companies serving the Property, advising them of the sale of the Property to SRA and directing to SRA all bills for the services provided to the Property on and after the date of Closing.
Notice Letters. Letters duly executed by Seller, in form satisfactory to Buyer addressed to each of the tenants under the Tenant Leases and other parties under the Service Agreements informing the recipient party of the assignments.
Notice Letters. ...............................................................................14 9.7 Post-Closing Collections.........................................................................14 10. Default; Failure of Condition....................................................................14 10.1
AutoNDA by SimpleDocs
Notice Letters. 16 9.8 Post-Closing Collections.................................... 16 9.9 Conditions to Seller's Obligations to Close................. 16 9.10 Conditions to Purchaser's Obligations to Close.............. 16
Notice Letters. 13 9.7 Post-Closing Collections . . . . . . . . . . . . . . . . . . . . . 13
Notice Letters. At Closing, Seller shall provide to Purchaser copies of letters to contractors and utility companies serving the Property, advising them of the sale of the Property to Purchaser and directing to Purchaser at the address specified by Purchaser all bills for the services provided to the Property on and after the Date of Closing. 7 Post-Closing Collections. Purchaser shall use its commercially reasonable efforts during the six (6) month period immediately following the Date of Closing to collect Delinquencies. Amounts collected from tenants which, as of the Date of Closing, were obligors with respect to Delinquencies shall be applied first to satisfy Delinquencies to an aggregate amount not to exceed $10,000, second to satisfy such tenants' obligation for the payment period during which collection occurred, third to satisfy any other payment obligations of such tenant to Purchaser and the balance to satisfy any remaining Delinquencies. Amounts collected and applicable to satisfy Delinquencies shall be paid promptly to Seller. At the end of the six (6) month period following the Date of Closing, Purchaser shall prepare and deliver to Seller a statement (the "Collection Statement") identifying all payments collected during such six (6) months from tenants who were listed on the Rent Schedule prepared and delivered pursuant to Section 6.3 as obligors on Delinquencies. If any uncollected Delinquencies exist at such time, Purchaser hereby agrees to assign (and shall be deemed to have assigned) to Seller any and all rights afforded the obligee with respect thereto, whereupon Seller shall be entitled to take such steps as Seller in its sole and absolute discretion deems necessary or appropriate to collect such sums, excepting only the right to file suit or to dispossess any tenant still in possession of its further right to occupy the premises demised to it under the pertinent Lease. Such assignment shall be effective automatically, without the need for execution or delivery of
Time is Money Join Law Insider Premium to draft better contracts faster.