Common use of Closing Prorations and Adjustments Clause in Contracts

Closing Prorations and Adjustments. The provisions of this Section 4.3 shall survive the Closing for a period of one (1) year. Seller shall prepare a statement of the prorations and adjustments required by this Agreement (the “Closing Statement”), and submit it to Purchaser for approval as far in advance of the Closing Date as commercially reasonable, but in any event, at least two (2) business days prior to the Closing Date. The items listed below are to be equitably prorated or adjusted as of 12:01 A.M. local time at the Real Property on the Closing Date, it being understood that for purposes of prorations and adjustments, Purchaser shall be deemed the owner of the Property on such day and Seller shall be deemed the owner of the Property prior to such day.

Appears in 1 contract

Samples: Escrow Agreement (Retail Opportunity Investments Corp)

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Closing Prorations and Adjustments. The provisions of this Section 4.3 shall survive the Closing for a period of one (1) yearClosing. Seller shall prepare a statement of the prorations and adjustments required by this Agreement (the "Closing Statement"), and submit it to Purchaser for approval as far in advance of the Closing Date as commercially reasonable, but in any event, at least two one (21) business days day prior to the Closing Date. The items listed below are to be equitably prorated or adjusted as of 12:01 A.M. local time at the Real Property close of business on the Closing Date, it being understood that for purposes of prorations and adjustments, Purchaser shall be deemed the owner of the Property on such day the Closing Date and Seller shall be deemed the owner of the Property as of the day prior to such daythe Closing Date.

Appears in 1 contract

Samples: Real Estate Sale Agreement (Bedford Property Investors Inc/Md)

Closing Prorations and Adjustments. The provisions of this Section 4.3 shall survive the Closing for a period of one (1) yearClosing. Seller shall prepare a statement of the prorations and adjustments required by this Agreement (the “Joint Closing Statement”), ) and submit it to Purchaser for approval as far in advance of the Closing Date as commercially reasonable, but in any event, at least two five (25) business days prior to the Closing Date. The items listed below are to be equitably prorated or adjusted as of 12:01 A.M. local time at the Real Property close of business on the Closing Date, it being understood that that, for purposes of prorations and adjustments, Seller shall be deemed the owner of the Property on the day immediately preceding the Closing Date and Purchaser shall be deemed the owner of the Property on such day and Seller shall be deemed the owner as of the Property prior to such dayday of the Closing Date.

Appears in 1 contract

Samples: Real Estate Sale Agreement (Behringer Harvard Reit I Inc)

Closing Prorations and Adjustments. The provisions of this Section 4.3 shall survive the Closing for a period of one (1) yearClosing. Seller The Title Company shall prepare a statement of the prorations and adjustments required by this Agreement (the “Closing Statement”), and submit it to Purchaser and Seller for approval as far in advance of the Closing Date as commercially reasonable, but in any event, at least two one (21) business days day prior to the Closing Date. The items listed below are to be equitably prorated or adjusted as of 12:01 A.M. local time at the Real Property close of business on the Closing Date, except as provided otherwise below, it being understood that for purposes of prorations and adjustments, Purchaser Seller shall be deemed the owner of the Property on such day and Seller Purchaser shall be deemed the owner of the Property prior to such dayas of the day after the Closing Date.

Appears in 1 contract

Samples: Real Estate Sale Agreement (Brocade Communications Systems Inc)

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Closing Prorations and Adjustments. The provisions of this Section 4.3 shall survive the Closing for a period of one (1) yearClosing. Seller shall prepare a statement of the prorations and adjustments required by this Agreement (the “Closing Statement”"CLOSING STATEMENT"), and submit it to Purchaser for approval as far in advance of the Closing Date as commercially reasonable, but in any event, at least two one (21) business days day prior to the Closing Date. The items listed below are to be equitably prorated or adjusted as of 12:01 A.M. local time at the Real Property close of business on the Closing Date, except as provided otherwise below, it being understood that for purposes of prorations and adjustments, Purchaser Seller shall be deemed the owner of the Property on such day and Seller Purchaser shall be deemed the owner of the Property prior to such dayas of the day after the Closing Date.

Appears in 1 contract

Samples: Real Estate Sale and Lease Termination Agreement (Brocade Communications Systems Inc)

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