Common use of Prepaid Expenses Clause in Contracts

Prepaid Expenses. Buyer shall be charged for those prepaid expenses paid by Seller allocable to any period from and after the Closing Date, including, without limitation, prepaid rents under any equipment lease, annual permit and inspection fees, and fees for licenses paid by Seller to third parties to the extent the same are transferable hereunder, are in fact transferred hereunder to Buyer at Closing and remain on deposit for the benefit of Buyer.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Pacific Office Properties Trust, Inc.), Purchase and Sale Agreement (Pacific Office Properties Trust, Inc.), Purchase and Sale Agreement (Pacific Office Properties Trust, Inc.)

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Prepaid Expenses. Buyer shall be charged for those prepaid expenses paid by Seller allocable to any period from and after the Closing Date, including, without limitation, prepaid rents under any equipment lease, annual permit and inspection confirmation fees, and fees for licenses and all security or other deposits paid by Seller to third parties which Buyer elects to assume and to which Buyer then shall be entitled to the extent benefits and refund following the same are transferable hereunder, are in fact transferred hereunder to Buyer at Closing and remain on deposit for the benefit of BuyerDate.

Appears in 2 contracts

Samples: Agreement for Purchase and Sale (Weingarten Realty Investors /Tx/), Agreement for Purchase and Sale (Weingarten Realty Investors /Tx/)

Prepaid Expenses. Buyer shall be charged for those prepaid expenses paid by Seller Transferors directly or indirectly allocable to any period from and after the Closing Date, including, without limitation, prepaid rents under any equipment lease, annual permit and inspection confirmation fees, and fees for licenses and all security or other deposits paid by Seller Transferors to third parties which Buyer elects to assume and to which Buyer then shall be entitled to the extent benefits and refund following the same are transferable hereunder, are in fact transferred hereunder to Buyer at Closing and remain on deposit for the benefit of BuyerDate.

Appears in 2 contracts

Samples: Agreement for Purchase and Exchange (Amb Property Corp), Agreement for Purchase and Sale (Amb Property Corp)

Prepaid Expenses. Buyer shall be charged for those prepaid expenses paid by Seller Sellers allocable to any period from and after the Closing Date, including, without limitation, prepaid rents under any equipment lease, annual permit and inspection confirmation fees, and fees for licenses and all security or other deposits paid by Seller Sellers to third parties which Buyer elects to assume and to which Buyer then shall be entitled to the extent benefits and refund following the same are transferable hereunder, are in fact transferred hereunder to Buyer at Closing and remain on deposit for the benefit of BuyerDate. Prepaid expenses shall not include any loan extension or renewal fees.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Burnham Pacific Properties Inc), Purchase and Sale Agreement (Developers Diversified Realty Corp)

Prepaid Expenses. Buyer shall be charged for those prepaid ---------------- expenses paid by Seller Sellers which are directly or indirectly allocable to any period from and after the Closing Date incurred pursuant to Contracts for services to be rendered after the Closing Date, including, without limitation, prepaid rents under any equipment lease, annual permit and inspection confirmation fees, and fees for licenses and all security or other deposits paid by Seller Sellers to third parties which Buyer elects to assume and to which Buyer then shall be entitled to the extent benefits and refund following the same are transferable hereunder, are in fact transferred hereunder to Buyer at Closing and remain on deposit for the benefit of BuyerDate.

Appears in 1 contract

Samples: Agreement for Purchase (Center Trust Inc)

Prepaid Expenses. Buyer shall be charged for those prepaid expenses paid by Seller allocable to any period from and after the Closing Date, including, without limitation, prepaid rents amounts under any equipment leaseContract, annual permit and inspection fees, and fees for licenses paid by Seller to third parties to the extent the same are transferable hereunder, are in fact transferred hereunder to Buyer at Closing and remain on deposit for the benefit of Buyer.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Pacific Office Properties Trust, Inc.)

Prepaid Expenses. Buyer shall be charged for those prepaid expenses paid by Seller or any Seller Subsidiaries allocable to any period from and after the Closing Date, including, without limitation, prepaid rents under any equipment lease, annual permit and inspection confirmation fees, and fees for licenses and all security or other deposits paid by Seller to third parties which Buyer elects to assume and to which Buyer then shall be entitled to the extent benefits and refund following the same are transferable hereunder, are in fact transferred hereunder to Buyer at Closing and remain on deposit for the benefit of BuyerDate Prepaid expenses shall not include any loan extension or renewal fees.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Burnham Pacific Properties Inc)

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Prepaid Expenses. Buyer shall be charged for those prepaid expenses paid by Seller allocable to any period from and after the Closing Date, including, without limitation, prepaid rents under any equipment lease, annual permit and inspection fees, and fees for licenses licenses, advertising expenses, trade association dues and trade subscriptions paid by Seller to third parties to the extent the same are transferable hereunder, are at Buyer's request in fact transferred hereunder to Buyer at Closing and remain on deposit for the benefit of Buyer.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Pacific Office Properties Trust, Inc.)

Prepaid Expenses. Buyer shall be charged for those prepaid expenses ---------------- paid by Seller directly or indirectly allocable to any period from and after the Closing Date, including, without limitation, prepaid rents under any equipment occupancy lease, annual permit and inspection confirmation fees, and fees for licenses and all security or other deposits paid by Seller to third parties to the extent the same are transferable hereunder, are in fact transferred hereunder to Buyer at Closing and remain on deposit for the benefit of Buyerparties.

Appears in 1 contract

Samples: Agreement for Purchase and Sale (Wells Real Estate Fund Xii Lp)

Prepaid Expenses. Buyer shall be charged for those prepaid expenses paid by Seller which will benefit Buyer allocable to any period from and after the Closing Date, including, without limitation, prepaid rents under any equipment lease, annual permit and inspection confirmation fees, and fees for licenses and all security or other deposits paid by Seller to third parties which Buyer elects to assume and to which Buyer then shall be entitled to the extent benefits and refund following the same are transferable hereunder, are in fact transferred hereunder to Buyer at Closing and remain on deposit for the benefit of BuyerDate.

Appears in 1 contract

Samples: Agreement for Purchase and Sale (Burnham Pacific Properties Inc)

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