America Online 2010 Annual Report Download - page 160

Seller any such arrears actually paid by such Tenants to Purchaser. After the Closing, Purchaser shall have no obligation to collect delinquent rent
from Tenants except for its obligation to remit any amounts actually received to Seller. Any rents collected from a Tenant after the Closing Date
shall be applied in the following order: first to the then-current month, next to any amounts owed to Purchaser other than the then-current month's
rent, then to any arrearage owed by such tenant on the Closing Date not exceeding thirty (30) days, and thereafter to any arrearage owed by such
Tenant on the Closing Date that is in excess of thirty (30) days.
7.6.5 Tenant Allowances/Concessions/Improvements; Leasing Commissions. Seller shall pay at Closing: (i) leasing commissions due in connection
with the Leases (excluding, however, any leasing commission becoming due as a result of the exercise on or after the Effective Date by any of
the Tenants of any extension, expansion or renewal option under its Lease); and (ii) the cost of any remaining unpaid obligation of landlord to
perform or pay for tenant improvements under the Raytheon Lease and the Orbcomm Lease less the amount on deposit in escrow for the benefit
of the Tenants in connection with tenant improvements on the Closing Date. Purchaser shall pay for: (i) leasing commissions due from the
landlord under a Lease in connection with Leases executed on or after the Effective Date; (ii) the cost of any obligation of landlord under a Lease
executed on or after the Effective Date and approved by Purchaser in accordance with the terms of this Agreement to perform or pay for tenant
improvements regardless of when such obligation must be performed or paid. All Leases executed between the Effective Date and the Closing
Date shall be submitted by Seller to Purchaser for review in accordance with the terms of Section 6.3.2 hereof. Purchaser shall reimburse Seller at
Closing for any payments which Seller has made toward leasing commissions and costs of tenant improvements which Purchaser is obligated to
pay under this Section 7.6.5.
7.6.6 Security Deposits. Seller shall deliver to Purchaser on the Closing Date a schedule of all security deposits which have been deposited by tenants
under, and not previously applied in accordance with, the Leases. All security deposits required to be held by Seller under the Leases and not
applied in accordance with the Leases, shall be transferred and delivered to Purchaser on the Closing Date. All costs associated with such
transfers shall be borne by Seller, including any and all costs associated with transferring letters of credit.
7.6.7 Allocation and Payment. Seller shall be responsible for all expenses allocable to the period ending on the day prior to the Closing Date, and
Purchaser shall be responsible for all expenses (including prepaid expenses) from and after 12:01 A.M. on the Closing Date. Seller, Purchaser
and the Escrow Agent shall cooperate to produce two (2)
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