Common use of Rent Arrears Clause in Contracts

Rent Arrears. With respect to any rent arrears arising under the Leases, Buyer shall pay to Seller any rents actually collected that are applicable to the period preceding the Closing Date, less reasonable collection charges; provided, however, that it is hereby understood and agreed that all rents collected by Buyer shall be applied first to unpaid rents accruing after the Closing Date, and then, only after all such past due rents have been collected, to unpaid rents accruing prior to the Closing Date.

Rent Arrears. With respect to any rent arrears arising under the LeasesLease, Buyer shall pay to Seller any rents rent actually collected that are is applicable to the period preceding the Closing Date, less reasonable collection charges; provided, however, that it is hereby understood and agreed that all rents rent collected by Buyer shall be applied first to unpaid rents rent accruing after the Closing Date, and then, only after all such past due rents have rent has been collected, to unpaid rents rent accruing prior to the Closing Date.

Rent Arrears. With respect to any rent arrears arising under the Leases, Buyer shall pay to Seller any rents rent actually collected that are is applicable to the period preceding the Closing Date, less reasonable collection chargescharges actually incurred; provided, however, that it is hereby understood and agreed that all rents rent collected by Buyer shall be applied first to unpaid rents rent accruing after the Closing Date, and then, only after all such past due rents have rent has been collected, to unpaid rents rent accruing prior to the Closing Date.

Rent Arrears. With respect to any rent arrears arising under the Leases, Buyer shall pay to Seller any rents rent actually collected that are is applicable to the period preceding the Closing Date, less reasonable collection charges; provided, however, that it is hereby understood and agreed that all rents rent collected by Buyer shall be applied first to unpaid rents rent accruing after the Closing Date, and then, only after all such past due rents have rent has been collected, to unpaid rents rent accruing prior to the Closing Date.