Common use of Prepaid Rents Clause in Contracts

Prepaid Rents. Seller shall xxxxx Xxxxxxx a credit equal to the amount of all prepaid Rents paid to Seller at or prior to the Closing Date by Tenants under the Leases or otherwise relating to the leasing and operation of the Property and other items of prepaid income relating to the Property. Except as set forth in Section 11.1.5, all free rent, operating expense abatements and other rent concessions applicable after the Closing Date shall not be the basis of any credit to Bedford.

Prepaid Rents. Seller shall xxxxx gxxxx Xxxxxxx a credit equal to the amount of (i) all free rent, operating expense abatements as to expenses otherwise payable by the landlord under the Leases, and other rent concessions applicable after the Closing Date, and (ii) all prepaid Rents paid to Seller at or prior to the Closing Date by Tenants under the Leases or otherwise relating to the leasing and operation of the Property and other items of prepaid income relating to the Property. Except as set forth in Section 11.1.5, all free rent, operating expense abatements and other rent concessions applicable after the Closing Date shall not be the basis of any credit to Bedford.

Prepaid Rents. Seller shall xxxxx Xxxxxxx a credit equal to the amount of (i) all free rent, operating expense abatements and other rent concessions applicable after the Closing Date under any of the Leases, and (ii) all prepaid Rents paid to Seller at or prior to the Closing Date by Tenants under the Leases or otherwise relating to the leasing and operation of the Property and other items of prepaid income relating to the Property. Except as set forth in Section 11.1.5, all free rent, operating expense abatements and other rent concessions applicable after the Closing Date shall not be the basis of any credit to Bedford.

Prepaid Rents. Seller shall xxxxx Xxxxxxx a credit equal to the amount of (i) all free rent, operating expense abatements and other rent concessions applicable after the Closing Date under any of the Leases, and (ii) all prepaid Rents paid to Seller at or prior to the Closing Date for periods after the Closing Date by Tenants under the Leases or otherwise relating to the leasing and operation of the Property and other items of prepaid income relating to the Property. Except as set forth in Section 11.1.5, all free rent, operating expense abatements and other rent concessions applicable after the Closing Date shall not be the basis of any credit to Bedford.