Common use of Credits and Prorations Clause in Contracts

Credits and Prorations. (a) Subject to the rights and obligations of the parties under the Lease Agreement, all income and expenses of the Property between Seller and Purchaser shall be apportioned as of 12:01 a.m., on the day of Closing, as if 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 5 contracts

Samples: Sale Agreement (Meyer Fred Inc), Sale Agreement (Meyer Fred Inc), Sale Agreement (Meyer Fred Inc)

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