Common use of Adjustments and Prorations Clause in Contracts

Adjustments and Prorations. Sellers and Purchaser agree to prorate all non-delinquent real estate and personal property taxes and assessments on the Property as of the Proration Date based upon the most recent available tax xxxx for the Property, in accordance with the provisions set forth in this Paragraph 12.04, and there will be no adjustment for the actual tax xxxx for the Property upon its issuance by the applicable taxing authorities. The date used for prorations and adjustments hereunder (the “Proration Date”) is end of the day on the Closing Date, and accordingly Sellers will be deemed to own the Property (and will be entitled to any revenues and responsible for any expenses) for the entire day upon which the Closing occurs. Any apportionments or prorations not expressly described herein will be handled in accordance with the customary practice in the County and State. Sellers and Purchaser agree to prepare the closing statement reflecting the adjustments and prorations (the “Closing Statement”) prior to the Proration Date and deliver an executed counterpart of the Closing Statement to Escrow Agent on or before the Closing Date. Sellers will pay any net adjustment in favor of Purchaser in the form of a credit to the Purchase Price. Purchaser will pay any net adjustment in favor of Sellers in Cash Funds at Closing:

Adjustments and Prorations. Sellers and Purchaser agree to prorate all non-delinquent real estate and personal property taxes and assessments on the Property as of the Proration Date based upon the most recent available tax xxxx bill for the Property, in accordance with the provisions set forth in this Paragraph 12.04, and there will be no adjustment for the actual tax xxxx bill for the Property upon its issuance by the applicable taxing authorities. The date used for prorations and adjustments hereunder (the “Proration Date”) is end of the day on the Closing Date, and accordingly Sellers will be deemed to own the Property (and will be entitled to any revenues and responsible for any expenses) for the entire day upon which the Closing occurs. Any apportionments or prorations not expressly described herein will be handled in accordance with the customary practice in the County and State. Sellers and Purchaser Xxxxxxxxx agree to prepare the closing statement reflecting the adjustments and prorations (the “Closing Statement”) prior to the Proration Date and deliver an executed counterpart of the Closing Statement to Escrow Agent on or before the Closing Date. Sellers will pay any net adjustment in favor of Purchaser in the form of a credit to the Purchase Price. Purchaser will pay any net adjustment in favor of Sellers in Cash Funds at Closing:

Adjustments and Prorations. Sellers Seller and Purchaser agree to prorate as of the date of the delivery of the Deed to Purchaser all non-delinquent non‑delinquent real estate and personal property taxes and assessments on the Property as of the Proration Date based upon the most recent available tax xxxx for the Property, in accordance with the provisions set forth in this Paragraph 12.04, and there will be no adjustment for the actual tax xxxx for the Property upon its issuance by the applicable taxing authorities. The date used for prorations and adjustments hereunder (the “Proration Date”) is end of the day on of delivery of the Closing DateDeed to Purchaser, and accordingly Sellers Seller will be deemed to own the Property (and will be entitled to any revenues and responsible for any expenses) for the entire day upon which the Closing filing of the Deed occurs. Any apportionments or prorations not expressly described herein will be handled in accordance with the customary practice in the County and State. Sellers Seller and Purchaser agree to prepare the closing statement statements reflecting the adjustments and prorations (the “Phase 2 Closing Statement”) prior to the Proration Date and deliver an executed counterpart of the Closing Statement to Escrow Agent on or before the Closing Date. Sellers Seller will pay any net adjustment in favor of Purchaser in the form of a credit to the Purchase Price. Purchaser will pay any net adjustment in favor of Sellers Seller in Cash Funds at Closing:

Adjustments and Prorations. Sellers Seller and Purchaser agree to prorate all non-delinquent rentals, revenues, utilities, real estate taxes, maintenance charges and personal property taxes other income and assessments on the Property as operating expenses of the Proration Date based upon the most recent available tax xxxx for the Property, if any, in accordance with the provisions set forth in this Paragraph 12.04, and there will be no adjustment for the actual tax xxxx for the Property upon its issuance by the applicable taxing authoritiesSECTION 12.4. The date used for prorations and adjustments hereunder (the “Proration Date”"PRORATION DATE") is end of the day on immediately preceding the Closing Date, and accordingly Sellers Purchaser will be deemed to own the Property (and will be entitled to any revenues and responsible for any expenses) for the entire day upon which the Closing occurs. Any apportionments or prorations not expressly described herein will be handled in accordance with the customary practice in the County and State. Sellers Seller and Purchaser agree to prepare the closing statement reflecting the adjustments and prorations (the “Closing Statement”"CLOSING STATEMENT") prior to the Proration Date and deliver an executed counterpart of the Closing Statement to Escrow Agent on or before the Closing Date. Sellers Seller will pay any net adjustment in favor of Purchaser in the form of a credit to the Purchase Price. Purchaser will pay any net adjustment in favor of Sellers Seller in Cash Funds at Closing. Seller and Purchaser will adjust and prorate the following items of income and expense as set forth herein: