Common use of Gap Indemnity Clause in Contracts

Gap Indemnity. If necessary to cause the Close of Escrow to occur on the scheduled Closing Date, Seller shall provide to Title Company a customary gap indemnity in form and substance reasonably acceptable to Seller and Title Company; and

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Industrial Income Trust Inc.), Purchase and Sale Agreement (Industrial Income Trust Inc.)

Gap Indemnity. If necessary to cause the Close of Escrow to occur on the scheduled Closing Date, Seller the applicable Sellers shall provide to Title Company a customary gap indemnity in form and substance reasonably acceptable to Seller Sellers and Title Company; and

Appears in 1 contract

Sources: Purchase and Sale Agreement (Industrial Income Trust Inc.)