Common use of Revenues and Expenses Clause in Contracts

Revenues and Expenses. Seller shall be entitled to receive all revenues and shall be charged with all expenses relating to the ownership and operation of the Property through the Prorations Date, and to the extent any revenues for the month of Closing are not collected prior to the Prorations Date, Seller shall be entitled to a credit for same at Closing. All revenues and expenses shall be prorated as of the Prorations Date. With respect to any delinquent rents or other delinquent revenue, Purchaser shall use diligent and good faith efforts to collect the same after the Closing. All such collections of delinquent rents or other revenues in excess of the credit to Seller at Closing shall be remitted by Purchaser to Seller promptly after receipt, but in any event not later than ten days after receipt. The foregoing shall not, however, prohibit or restrict Seller from attempting to collect in any lawful manner after the Closing any such delinquent rent or other delinquent revenue directly from any tenant or other party owing such amounts. In any event the first monies collected from any tenants or other parties shall be applied to the rents and other revenues delinquent as of the Closing Date until the delinquency has been cured and such collections shall be remitted to Seller in accordance with the provisions hereof. The provisions of this Section shall survive Closing.

Revenues and Expenses. Seller shall be entitled to receive all revenues and shall be charged with all expenses relating to the ownership and operation of the Property through the Prorations Date, and to the extent any revenues for the month of Closing are not collected prior to the Prorations Date, Seller Buyer shall be entitled to a credit for same at Closingreceive all revenues and shall be charged with all expenses relating to the ownership and operation of the Property after the Prorations Date. All revenues and expenses shall be prorated as of the Prorations Date. With respect Any revenues due Seller for the month of Closing which are not collected prior to the Prorations Date, and any delinquent rents or other delinquent revenue, Purchaser shall use diligent and good faith efforts to collect the same due Seller received by Buyer after the Closing. All such collections of delinquent rents or other revenues in excess of the credit to Seller at Closing , shall be remitted by Purchaser Buyer to Seller promptly after receiptreceipt of same, but in any event not later than ten (10) days after receiptreceipt thereof. Any revenues due Buyer for the month of Closing after the Prorations Date, and any rents or other revenue due Buyer received by Seller after Closing, shall be remitted by Seller to Buyer promptly ELECTRONICALLY FILED - 2022 Dec 16 3:27 PM - GREENVILLE - COMMON PLEAS - CASE#2019CP2300913 after receipt of same, but in any event not later than ten (10) days after receipt thereof. The foregoing shall not, however, prohibit or restrict Seller from attempting to collect in any lawful manner after the Closing any such delinquent rent or other delinquent revenue directly from any tenant the Tenant or other party owing such amounts. In any event the first monies collected from any tenants Tenants or other parties shall be applied to the rents and other revenues delinquent as of the Closing Date until the delinquency has been cured and such collections shall be remitted to Seller in accordance with the provisions hereof. The provisions of this Section shall survive the Closing.

Revenues and Expenses. Seller shall be entitled to receive all revenues and shall be charged with all expenses relating to the ownership and operation of the Property through the Prorations Date, and to the extent any revenues for the month of Closing are not collected prior to the Prorations Date, Seller Buyer shall be entitled to a credit for same at Closingreceive all revenues and shall be charged with all expenses relating to the ownership and operation of the Property after the Prorations Date. All revenues and expenses shall be prorated as of the Prorations Date. With respect Any revenues due Seller for the month of Closing which are not collected prior to the Prorations Date, and any delinquent rents or other delinquent revenue, Purchaser shall use diligent and good faith efforts to collect the same due Seller received by Buyer after the Closing. All such collections of delinquent rents or other revenues in excess of the credit to Seller at Closing , shall be remitted by Purchaser Buyer to Seller promptly after receiptreceipt of same, but in any event not later than ten (10) days after receiptreceipt thereof. Any revenues due Buyer for the month of Closing after the Prorations Date, and any rents or other revenue due Buyer received by Seller after Closing, shall be remitted by Seller to Buyer promptly after receipt of same, but in any event not later than ten (10) days after receipt thereof. The foregoing shall not, however, prohibit or restrict Seller from attempting to collect in any lawful manner after the Closing any such delinquent rent or other delinquent revenue directly from any tenant the Tenant or other party owing such amounts. In any event the first monies collected from any tenants Tenants or other parties shall be applied to the rents and other revenues delinquent as of the Closing Date until the delinquency has been cured and such collections shall be remitted to Seller in accordance with the provisions hereof. The provisions of this Section shall survive the Closing.. ELECTRONICALLY FILED - 2020 May 19 12:29 PM - GREENVILLE - COMMON PLEAS - CASE#2019CP2300913