Common use of Ground Rent for Properties and Underlying Properties Clause in Contracts

Ground Rent for Properties and Underlying Properties. With respect to each Property, ground rent and all other amounts payable under the Ground Leases (if applicable for such Property) shall be prorated as of the applicable Adjustment Time. The Seller Parties will be credited with an amount equal to all security deposits, prepaid rentals and other deposits paid or deposited under any Ground Lease for such Property or Underlying Property, together with any interest that has actually accrued thereon to the extent Purchaser Parties receive the benefit of said deposits or prepaids upon the assumption of the applicable Ground Lease.