Apportionment Credit Sample Clauses

Apportionment Credit. In the event the apportionments to be made at the Closing result in a credit balance (a) to Buyer, such sum shall be paid at the Closing by giving Buyer a credit against the Purchase Price in the amount of such credit balance, or (b) to Seller, Buyer shall pay the amount thereof to Seller at the Closing by wire transfer of immediately available funds to the account or accounts to be designated by Seller for the payment of the Purchase Price.
AutoNDA by SimpleDocs
Apportionment Credit. In the event the apportionments to be made at the Closing result in a credit balance:
Apportionment Credit. 17 6.8 Delayed Adjustment; Delivery of Operating and Other Financial Statements..........................................................17 ARTICLE 7
Apportionment Credit. In the event the apportionments to be made at -------------------- the Closing result in a credit balance (i) to REIT OP, such sum shall be paid (at Prudential's option) at the Closing by giving REIT OP a credit against the Contribution Price in the amount of such credit balance or without reduction of the Contribution Price by giving REIT OP a certified or bank check payable to the order of REIT OP, or (ii) to Prudential, REIT OP shall pay the amount thereof to Prudential at the Closing by wire transfer of immediately available United States federal funds to the account or accounts to be designated by Prudential for such purpose prior to Closing.
Apportionment Credit. In the event the apportionments to be made at the Closing result in a credit balance (i) to Purchaser, such sum shall be paid (at Seller’s option) at the Closing by giving Purchaser a credit against the Purchase Price in the amount of such credit balance, or (ii) to Seller, Purchaser shall pay the amount thereof to Escrow Agent, to be delivered to Seller at Closing together with the net proceeds of the Purchase Price by wire transfer of immediately available funds to the account or accounts to be designated by Seller for the payment of the balance. Except as otherwise expressly provided herein, in any case in which Purchaser receives a credit at Closing on account of any obligation of Seller hereunder, Seller shall have no further liability for such obligation to the extent of the credit so given, and Purchaser shall pay and discharge the same.
Apportionment Credit. In the event the net apportionments and adjustments to be made as of the Vacate Date result in a credit balance (i) to Buyer, such sum shall be paid by Seller to Buyer on the Vacate Date, or (ii) to Seller, same shall be paid by Buyer to Seller on the Vacate Date.
Apportionment Credit. Any apportionments and prorations which are not expressly provided for in this Article shall be made in accordance with the customary practice in the local jurisdictions in which the Real Property is located. Purchaser and Seller agree to prepare a schedule of tentative adjustments at least three (3) business days prior to the Closing Date. In the event the prorations to be made at the Closing result in a credit (i) to Purchaser, such amount shall be paid (at Seller’s option) at the Closing by giving Purchaser a credit against the Purchase Price in the amount of such credit, or (ii) to Seller, Purchaser shall pay the amount thereof to Seller at the Closing by wire transfer of immediately available funds to the account or accounts to be designated by Seller.
AutoNDA by SimpleDocs
Apportionment Credit. In the event the apportionments to be made at the Closing result in a credit balance (a) to Purchaser, such sum shall be paid (at Seller’s option) at the Closing by giving Purchaser a credit against the Purchase Price in the amount of such credit balance, or (b) to Seller, Purchaser shall pay the amount thereof to Seller at the Closing by wire transfer of immediately available funds to the account or accounts to be designated by Seller for the payment of the Purchase Price. Any matters whose proration is not specifically covered in this Agreement shall be prorated in accordance with customary procedure in the county where the Property is located.
Apportionment Credit. 27 Section 10.4
Apportionment Credit. The ECIP Contribution Value shall be -------------------- adjusted to reflect the prorations and other adjustments pursuant to and as provided in Exhibit V of the Transaction Agreement.
Time is Money Join Law Insider Premium to draft better contracts faster.