Utilities. All suppliers of utilities shall be instructed to read meters or otherwise determine the charges owing as of the Closing Date for services prior thereto, which charges shall be allocated to Seller. Charges accruing after Closing shall be allocated to Buyer. If elected by Seller, Seller shall be given credit, and Buyer shall be charged, for any utility deposits transferred to and received by Buyer at Closing.
Appears in 94 contracts
Samples: Purchase Contract (Apple REIT Ten, Inc.), Purchase Contract (Apple REIT Ten, Inc.), Purchase Contract (Apple REIT Ten, Inc.)
Utilities. All suppliers of utilities shall be instructed to read meters or otherwise determine the charges owing as of the Closing Date for services prior thereto, which charges . Charges accruing prior to the Closing Date shall be allocated to Seller. Charges Seller and charges accruing after Closing Date shall be allocated to Buyer. If elected by Seller, Seller shall be given credit, and Buyer shall be charged, for any utility deposits transferred to and received by (or assigned for the benefit of) Buyer at Closing.
Appears in 29 contracts
Samples: Management Agreement (Apple REIT Ten, Inc.), Purchase Contract (Apple REIT Nine, Inc.), Purchase Contract (Apple REIT Nine, Inc.)
Utilities. All suppliers of utilities shall be instructed to read meters or otherwise determine the charges owing as of the Closing Date Effective Time for services prior thereto, which charges shall be allocated to Seller. Charges accruing after Closing the Effective Time shall be allocated to Buyer. If elected by Seller, Seller shall be given credit, and Buyer shall be charged, for any utility deposits transferred to and received by Buyer at Closing.
Appears in 21 contracts
Samples: Purchase Contract, Purchase Contract (Apple REIT Ten, Inc.), Purchase Contract (Apple REIT Ten, Inc.)
Utilities. All suppliers of utilities shall be instructed to read meters or otherwise determine the charges owing as of the Closing Date for services prior thereto, which charges shall be allocated to Sellerthe Interest Owners. Charges accruing after Closing the Cutoff Time shall be allocated to Buyer. If elected by Seller, Seller shall be given credit, and Buyer shall be charged, for any utility deposits transferred to and received by Buyer at Closing.
Appears in 4 contracts
Samples: Purchase Contract (Apple REIT Seven, Inc.), Purchase Contract (Apple REIT Seven, Inc.), Purchase Contract (Apple REIT Seven, Inc.)
Utilities. All suppliers of utilities shall be instructed to read meters or otherwise determine the charges owing as of the Closing Date for services prior thereto, which charges shall be allocated to Seller. Charges accruing after Closing shall be allocated to Buyer. If elected by Seller, Seller shall be given credit, and Buyer shall be charged, for any utility deposits transferred to and received by Buyer at Closing.
Appears in 3 contracts
Samples: Management Agreement (Apple REIT Ten, Inc.), Purchase Contract (Apple REIT Nine, Inc.), Escrow Agreement (Apple REIT Seven, Inc.)
Utilities. All suppliers of utilities shall be instructed to read meters or otherwise determine the charges owing as of the Closing Date for services prior thereto, which charges shall be allocated to Seller. Charges accruing on and after the Closing Date shall be allocated to Buyer. If elected by Seller, Seller shall be given credit, and Buyer shall be charged, for any utility deposits transferred to and received by Buyer at Closing.
Appears in 3 contracts
Samples: Purchase Contract (Hersha Hospitality Trust), Purchase Contract (Hersha Hospitality Trust), Purchase Contract (Hersha Hospitality Trust)
Utilities. All suppliers of utilities shall be instructed to read meters or otherwise determine the charges owing as of the such Closing Date for services prior thereto, which charges shall be allocated to Seller. Charges accruing after Closing shall be allocated to Buyer. If elected by Seller, Seller shall be given credit, and Buyer shall be charged, for any utility deposits transferred to and received by Buyer at Closing.
Appears in 2 contracts
Samples: Option Purchase Contract (Orange Hospitality, INC), Escrow Agreement (Apple Hospitality Five Inc)
Utilities. All suppliers of utilities shall be instructed to read meters or otherwise determine the charges owing as of the Closing Effective Date for services prior thereto, which charges shall be allocated to Seller. Charges accruing after Closing the Cut-off Time shall be allocated to Buyer. If elected by Seller, Seller All utility deposits shall be given credit, the property of Buyer and Buyer shall be charged, for any utility deposits transferred to and received by Buyer at ClosingClosing without additional charge to Buyer. All utility rebates shall be assigned and transferred to Buyer at Closing without charge to Buyer.
Appears in 1 contract
Utilities. All suppliers of utilities shall be instructed to read meters or otherwise determine the charges owing as of the date of Closing Date for services prior thereto, which charges shall be allocated to Seller. Charges accruing after Closing shall be allocated to Buyer. If elected by Seller, Seller shall be given credit, and Buyer shall be charged, for any utility deposits transferred to and received by Buyer at Closing.
Appears in 1 contract
Samples: Agreement of Purchase and Sale (Apple REIT Seven, Inc.)
Utilities. All suppliers of utilities shall be instructed to read meters or otherwise determine the charges owing as of the day before the Closing Date for services prior thereto, which charges shall be allocated to Seller. Charges accruing on and after Closing shall be allocated to Buyer. If elected by Seller, Seller shall be given credit, and Buyer shall be charged, for any utility deposits transferred to and received by Buyer at Closing.
Appears in 1 contract
Utilities. All suppliers of or utilities shall be instructed to read meters or otherwise determine the charges owing as of the Closing Date for services prior thereto, which charges shall be allocated to Seller. Charges accruing after Closing shall be allocated to Buyer. If elected by Seller, Seller shall be given credit, and Buyer shall be he charged, for any utility deposits transferred to and received by Buyer at Closing.
Appears in 1 contract
