Closing Prorations and Adjustments. (i) The following items are to be prorated or adjusted (as appropriate) as of 11:59 p.m. on the day before the Closing Date and reprorated (if necessary) pursuant to Section 4.C.(ii) below, it being understood that for purposes of prorations and adjustments, Seller shall be deemed the owner of the Property on the day before the Closing Date, and Purchaser shall be deemed the owner of the Property on the Closing Date:
Appears in 2 contracts
Samples: Purchase and Sale Agreement (First Capital Income Properties LTD Series Xi), Escrow Agreement (First Capital Income Properties LTD Series Viii)
Closing Prorations and Adjustments. (i) The following items are to be prorated or adjusted (as appropriate) as of 11:59 p.m. on the day before the Closing Date and reprorated (if necessary) pursuant to Section 4.C.(ii4(C)(ii) below, it being understood that for purposes of prorations and adjustments, Seller shall be deemed the owner of the Property on the day before the Closing Date, and Purchaser shall be deemed the owner of the Property on the Closing Date:
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Pennsylvania Real Estate Investment Trust), Purchase and Sale Agreement (Pennsylvania Real Estate Investment Trust)
Closing Prorations and Adjustments. (i) The following items are to be prorated or adjusted (as appropriate) as of 11:59 p.m. on the day before prior to the Closing Date and reprorated (if necessary) pursuant to Section 4.C.(ii) belowDate, it being understood that for purposes of prorations and adjustments, Seller shall be deemed the owner of the Property on the day before the Closing Date, through such time and Purchaser shall be deemed the owner of the Property on as of the day of the Closing Date:
Appears in 1 contract
Samples: Escrow Agreement (First Capital Income Properties LTD Series Xi)
