Utility Deposits. Buyer shall take all steps necessary to effectuate the transfer of all utilities to its name as of the Closing Date, and where necessary, post deposits with the utility companies. Seller shall ensure that all utility meters are read as of the Closing Date. Seller shall be entitled to recover any and all deposits held by any utility company as of the Closing Date.
Appears in 2 contracts
Samples: Real Estate Purchase and Sale Agreement, Real Estate Purchase and Sale Agreement (Behringer Harvard Opportunity REIT II, Inc.)
Utility Deposits. Buyer shall take all commercially reasonable steps necessary to effectuate the transfer of all utilities to its name as of the Closing Date, and where necessary, post deposits with the utility companies. Seller shall use good faith efforts to ensure that all utility meters are read as of the Closing Date. Seller shall be entitled to recover any and all deposits posted by Seller and held by any utility company as of the Closing Date.
Appears in 1 contract
Samples: Real Estate Purchase and Sale Agreement (Trilogy Multifamily Income & Growth Holdings I, LLC)
Utility Deposits. Buyer shall take all steps necessary to effectuate the transfer of all utilities to its name as of the Closing Date, and where necessary, post deposits with the utility companies. Seller shall use good faith efforts to ensure that all utility meters are read as of the Closing Date. Seller shall be entitled to recover any and all deposits posted by Seller and held by any utility company as of the Closing Date.
Appears in 1 contract
Samples: Real Estate Purchase and Sale Agreement (Grubb & Ellis Apartment REIT, Inc.)
Utility Deposits. Buyer shall take all steps necessary to effectuate the transfer of all utilities to its name as of the Closing Date, and where necessary, post deposits with the utility companies. Seller shall ensure that all utility meters are read as of the Closing DateDate and amounts payable as of such date paid. Seller shall be entitled to recover any and all deposits held by any utility company as of the Closing Date.
Appears in 1 contract
Samples: Real Estate Purchase and Sale Agreement (Dividend Capital Total Realty Trust Inc.)
Utility Deposits. Buyer shall take all steps necessary to ---------------- effectuate the transfer of all utilities to its name as of the Closing Date, and where necessary, post deposits with the utility companies. Seller shall ensure that all utility meters are read as of the Closing Date. Seller shall be entitled to recover any and all deposits held by any utility company as of the Closing Date.
Appears in 1 contract
Samples: Real Estate Purchase and Sale Agreement (Cornerstone Realty Income Trust Inc)
