Common use of Credits and Prorations Clause in Contracts

Credits and Prorations. (a) All income and expenses of the Property (other than real estate taxes) shall be apportioned as of 11:59 p.m., on the Closing Date, as if Seller were vested with title to the Property during the entire day upon which Closing occurs. Such prorated items shall include without limitation the following:

Appears in 1 contract

Samples: Sale Agreement (Wells Real Estate Fund Xiii L P)

AutoNDA by SimpleDocs

Credits and Prorations. (a) All apartment, garage, rental and commercial rental income and customary expenses of the Property (other than real estate taxes) shall be apportioned as of 11:59 p.m.12:01 a.m., on the Closing Dateday of Closing, as if Seller Purchaser were vested with title to the Property during the entire day upon which Closing occurs. Such prorated items shall include without limitation the following:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Dean Witter Realty Yield Plus L P)

Credits and Prorations. (a) All income and expenses of the Property (other than real estate taxes) shall be apportioned as of 11:59 p.m.12:01 a.m., on the day of Closing Date, as if Seller Buyer were vested with title to the Property during the entire day upon which Closing occurs. Such prorated items shall include without limitation the following:

Appears in 1 contract

Samples: Purchase and Sale Agreement and Escrow Instructions (Shopoff Properties Trust, Inc.)

Credits and Prorations. (a) All income and expenses of the Property (other than real estate taxes) shall be apportioned as of 11:59 p.m.12:01 a.m., on the Closing Date, as if Seller Purchaser were vested with title to the Property during the entire day upon which Closing occurs. Such prorated items shall include without limitation the following:

Appears in 1 contract

Samples: Sale Agreement (Equinix Inc)

Credits and Prorations. (a) All income and expenses of the Property (other than real estate taxes) shall be apportioned as of 11:59 p.m.12:01 a.m., on the Closing Date, as if Seller Purchaser were vested with title to the Property during the entire day upon which Closing occurs. Such prorated items shall include include, without limitation limitation, the following:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Allstate Corp)

AutoNDA by SimpleDocs

Credits and Prorations. (a) All income and expenses of the Property (other than real estate taxes) shall be apportioned as of 11:59 p.m., on the Closing Dateday prior to the day of Closing, as if Seller Purchaser were vested with title to the Property during the entire day upon which Closing occurs. Such prorated items shall include without limitation the following:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Trizec Properties Inc)

Credits and Prorations. (a) All income normal and customary expenses of the Property (other than real estate taxes) shall be apportioned as of 11:59 p.m.12:01 a.m., on the Closing Dateday of Closing, as if Seller Buyer were vested with title to the Property during the entire day upon which Closing occurs. Such prorated items shall include without limitation the following:.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Clearday, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.