Additional Prorations. For matters not set forth, such as utilities, which cannot be prorated at Closing, Transferee shall receive a credit at Closing for an amount equal to the previous month’s invoice for such matter(s) (“Credit”) which Transferee shall hold for use in payment of the invoice when it is received, prorating the invoice for the period prior to Closing for which Transferor shall be responsible. For all sums for which Transferee receives a Credit hereunder, Transferee shall account (or the parties shall cause the property manager under the Property Management Agreement to account) for all invoices within sixty (60) days following Closing. Any portion of the Credit not used to pay Transferor’s portion of any invoices shall be refunded to Transferor at the expiration of this sixty (60) day period. A proration accounting shall also be delivered to Transferor with any refund. Any shortfall shall be paid to Transferee by Transferor upon demand.
Additional Prorations. In addition to each proration set forth in this Section 10, Seller shall be entitled to the payment in cash of the amounts set forth in Schedule 2 attached hereto and incorporated herein by reference.
Additional Prorations. Payments under the Contracts, Equipment Leases, Vehicle Leases, Software Licenses, and all other agreements and contracts which are included in the Assets shall be prorated between Karrington and Seller on the basis of a 365-day year as of the Closing Date. 13.4
Additional Prorations. Payments under the Contracts, Equipment Leases, Vehicle Leases, Software Licenses, and all other agreements and contracts which are included in the Assets shall be prorated between Karrington and Kensington-Rochester on the basis of a 365-day year as of the Closing Date. 11.4
Additional Prorations. All current rent and other income from the Property and security deposits and all current assessments, utilities, maintenance charges and similar expenses of the Property shall be prorated between the parties as of the Closing Date and, to the extent of information then available, such prorations shall be made at the Closing. For matters which cannot be prorated at Closing, both parties shall create three (3) accountings, (i) thirty (30) days, (ii) ninety (90) days, and (iii) at the end of the calendar year 1997, to determine any shortfalls or over payments due to the other. Any sums owed to the other shall be paid as determined at each accounting period. These provisions survive Closing.
Additional Prorations. Payments under the Contracts, Equipment Leases, Vehicle Leases, Software Licenses, and all other agreements and contracts which are included in the Assets shall be prorated between Karrington and CKMI Partnership on the basis of a 365-day year as of the Closing Date. 13.4
Additional Prorations. The following are to be apportioned between Buyer and Seller as of midnight on the date preceding the Closing Date:
Additional Prorations. All current rent and other income from the --------------------- Property and all current assessments, utilities, maintenance charges and similar expenses of the Property shall be prorated between Seller and Purchaser as of the Closing Date and, to the extent of information then available, such prorations shall be made at the Closing. For matters which cannot be prorated at Closing, Purchaser shall receive a credit at Closing for an amount equal to the previous month's invoice for such matter(s) ("Credit") which Purchaser shall hold for use in payment of the invoice when it is received, prorating the invoice for the period prior to Closing for which Seller shall be responsible. For all sums for which Xxxxxxxxx receives a Credit hereunder, Purchaser shall account for all invoices within sixty (60) days following Closing. Any portion of the Credit not used to pay Seller's portion of any invoices shall be refunded to Seller at the expiration of this sixty (60) day period. A proration accounting shall also be delivered to Seller with any refund. Any shortfall shall be paid to Purchaser by Seller upon demand. Purchaser will collect all rents after Closing whether past due or for future periods. Purchaser will credit all receipts first to current rentals and other payments due and will remit to Seller any excess amounts which may be applied to past due rents. Purchaser will have no liability for failure to collect past due rents.
Additional Prorations. Payments under the Contracts, Equipment Leases, Vehicle Leases, Software Licenses, and all other agreements and contracts which are included in the Assets shall be prorated between Karrington and Kensington-Iowa on the basis of a 365-day year as of the Closing Date. 12.4
Additional Prorations. Payments under the Contracts, Equipment Leases, Vehicle Leases, Software Licenses, and all other agreements and contracts which are included in the Assets shall be prorated between Karrington and Buffalo Hills Residence on the basis of a 365-day year as of the Closing Date. 11.4
