Common use of Seller and Purchaser Clause in Contracts

Seller and Purchaser. acknowledge and agree that to the extent the annual reconciliation of pass-throughs for the 1998 calendar year are not completed prior to the Closing, Seller, rather than Purchaser, shall have the right and obligation to complete such reconciliations and to collect and retain reimbursements from Tenants or pay reimbursements to Tenants, as applicable.

Appears in 4 contracts

Samples: Purchase and Sale Agreement (Highwoods Realty LTD Partnership), Purchase and Sale Agreement (Highwoods Properties Inc), Purchase and Sale Agreement (Highwoods Realty LTD Partnership)

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