Common use of Utility Deposits Clause in Contracts

Utility Deposits. Seller shall be entitled to retain any or all utility deposits and all interest accrued thereon. If any utility deposit is not refundable to Seller without replacement by Purchaser, Purchaser shall deliver the requisite replacement utility deposit to the utility company on or before the Closing Date.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Mack Cali Realty Corp), Purchase and Sale Agreement (Mack Cali Realty Corp)

AutoNDA by SimpleDocs

Utility Deposits. Seller shall be entitled to retain any or all utility deposits and all interest accrued thereonpaid by Seller prior to the Closing. If any of the utility deposit is deposits are 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

Samples: Purchase and Sale Agreement (Costar Group Inc), Purchase and Sale Agreement (Costar Group Inc)

Utility Deposits. Seller Sellers shall be entitled to obtain a refund of all Utility Deposits and to retain any or all utility deposits and all interest accrued thereonUtility Deposits so refunded. If any utility deposit of the Utility Deposits is not refundable to Seller Sellers at Closing without replacement by Purchaser, Purchaser shall either: (1) deliver the requisite replacement utility deposit Utility Deposit to the utility company on or before the Closing Date, or (ii) pay to Sellers at the Closing the amount of such Utility Deposit, against a good and sufficient transfer by Sellers to Purchaser of all interest of Sellers in the Utility Deposit.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Feldman Mall Properties, Inc.)

Utility Deposits. The Seller shall be entitled to retain any or all utility deposits and all interest accrued thereonUtility Deposits. If any utility deposit 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 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.

Appears in 1 contract

Samples: Purchase Agreement (Mack Cali Realty L P)

Utility Deposits. Seller shall be entitled to retain any or all utility deposits and all interest accrued thereonUtility Deposits. If any utility deposit of the Utility Deposits 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. Section 14.9 [intentionally omitted]

Appears in 1 contract

Samples: Purchase and Sale Agreement (Verisign Inc/Ca)

AutoNDA by SimpleDocs

Utility Deposits. Seller shall be entitled to retain any or all utility deposits and all interest accrued thereonUtility Deposits. If any utility deposit of the Utility Deposits 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 1 contract

Samples: Purchase and Sale Agreement (Industrial Property Trust Inc.)

Utility Deposits. At Closing, Seller shall be entitled to retain any or the refund and retention of all utility deposits and all interest accrued thereon. If any of the utility deposit deposits is not refundable to Seller without replacement by PurchaserBuyer, Purchaser then Buyer shall deliver the requisite replacement utility deposit to the utility company on or before the Closing Date.

Appears in 1 contract

Samples: Agreement of Purchase and Sale And (First Potomac Realty Trust)

Time is Money Join Law Insider Premium to draft better contracts faster.