{"component": "clause", "props": {"groups": [{"samples": [{"hash": "k9rKvHpy66X", "uri": "/contracts/k9rKvHpy66X#delayed-adjustment", "label": "Contribution Agreement (Prudential Insurance Co of America)", "score": 18.0, "published": true}, {"hash": "iVAjgA8i08J", "uri": "/contracts/iVAjgA8i08J#delayed-adjustment", "label": "Contribution Agreement (Prudential Insurance Co of America)", "score": 18.0, "published": true}, {"hash": "3ck7D1JXGe7", "uri": "/contracts/3ck7D1JXGe7#delayed-adjustment", "label": "Purchase and Sale Agreement (Mack Cali Realty Corp)", "score": 18.0, "published": true}], "snippet": "If at any time following the Closing Date, the amount of an item listed in any section of this Article 5 shall prove to be incorrect (whether as a result in an error in calculation or a lack of complete and accurate information as of the Closing), the party in whose favor the error was made shall promptly pay to the other party the sum necessary to correct such error upon receipt of proof of such error, provided that such proof is delivered to the party from whom payment is requested on or before one (1) year after Closing. The provisions of this Section 5.8 shall survive the Closing and not be merged therein.", "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [3, 14]}, {"key": "following-the-closing-date", "type": "clause", "offset": [15, 41]}, {"key": "article-5", "type": "clause", "offset": [95, 104]}, {"key": "lack-of", "type": "clause", "offset": [186, 193]}, {"key": "complete-and-accurate-information", "type": "clause", "offset": [194, 227]}, {"key": "the-party", "type": "clause", "offset": [248, 257]}, {"key": "pay-to", "type": "definition", "offset": [307, 313]}, {"key": "other-party", "type": "definition", "offset": [318, 329]}, {"key": "upon-receipt-of", "type": "definition", "offset": [370, 385]}, {"key": "proof-of", "type": "clause", "offset": [386, 394]}, {"key": "provided-that", "type": "clause", "offset": [407, 420]}, {"key": "after-closing", "type": "definition", "offset": [515, 528]}, {"key": "section-58", "type": "clause", "offset": [553, 564]}, {"key": "shall-survive-the-closing", "type": "clause", "offset": [565, 590]}], "size": 8, "hash": "d94e8532c9786ea8d82120cf54ec36d6", "id": 1}, {"samples": [{"hash": "az86H0yayDC", "uri": "/contracts/az86H0yayDC#delayed-adjustment", "label": "Purchase and Sale Agreement (CBL & Associates Properties Inc)", "score": 18.0, "published": true}, {"hash": "77yjd1wt1yp", "uri": "/contracts/77yjd1wt1yp#delayed-adjustment", "label": "Purchase and Sale Agreement (CBL & Associates Properties Inc)", "score": 18.0, "published": true}], "snippet": "If at any time following the Closing Date, the amount of an item listed in any section of this Article 5 shall prove to be incorrect (whether as a result in an error in calculation or a lack of complete and accurate information as of the Closing), the party in whose favor the error was made shall promptly pay to the other party the sum necessary to correct such error upon receipt of proof of such error, provided that such proof is delivered to the party from whom payment is requested on or before eighteen (18) months after Closing.", "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [3, 14]}, {"key": "following-the-closing-date", "type": "clause", "offset": [15, 41]}, {"key": "article-5", "type": "clause", "offset": [95, 104]}, {"key": "lack-of", "type": "clause", "offset": [186, 193]}, {"key": "complete-and-accurate-information", "type": "clause", "offset": [194, 227]}, {"key": "the-party", "type": "clause", "offset": [248, 257]}, {"key": "pay-to", "type": "definition", "offset": [307, 313]}, {"key": "other-party", "type": "definition", "offset": [318, 329]}, {"key": "upon-receipt-of", "type": "definition", "offset": [370, 385]}, {"key": "proof-of", "type": "clause", "offset": [386, 394]}, {"key": "provided-that", "type": "clause", "offset": [407, 420]}, {"key": "after-closing", "type": "definition", "offset": [523, 536]}], "size": 4, "hash": "eb637ec9914b0cd9c46d59cc5826a784", "id": 2}, {"samples": [{"hash": "az86H0yayDC", "uri": "/contracts/az86H0yayDC#delayed-adjustment", "label": "Purchase and Sale Agreement (CBL & Associates Properties Inc)", "score": 18.0, "published": true}, {"hash": "77yjd1wt1yp", "uri": "/contracts/77yjd1wt1yp#delayed-adjustment", "label": "Purchase and Sale Agreement (CBL & Associates Properties Inc)", "score": 18.0, "published": true}], "snippet": "9 5.12 Collections and Application of Payments after Closing . . . . . . . . . . . . . . . . . . . . . . . 9 5.13 Survival. . . . . . . . . . . . . . . . . . . . . . . 9", "snippet_links": [{"key": "collections-and-application-of-payments-after-closing", "type": "clause", "offset": [7, 60]}], "size": 2, "hash": "8cb10cad5f88e06891ac2f10a8c7a6bb", "id": 3}, {"samples": [{"hash": "foOdn17iD4w", "uri": "/contracts/foOdn17iD4w#delayed-adjustment", "label": "Purchase and Sale Agreement (Mercury Computer Systems Inc)", "score": 23.6392881588, "published": true}, {"hash": "gdChrzhHCng", "uri": "/contracts/gdChrzhHCng#delayed-adjustment", "label": "Purchase and Sale Agreement (Mercury Computer Systems Inc)", "score": 21.0, "published": true}], "snippet": "Any adjustments and prorations made based on an estimate shall be adjusted as soon after Closing as final information becomes available. If, following the Closing Date, the amount of an item referred to in any section of this Article 5 shall prove to be incorrect, the party in whose favor the error was made shall be obligated to pay to the other party the sum necessary to correct such error within thirty (30) days after receipt of proof of such error, provided that such proof is delivered to the party from whom payment is requested on or before one (1) year after Closing. The provisions of this Article 5 shall survive the Closing.", "snippet_links": [{"key": "adjustments-and-prorations", "type": "clause", "offset": [4, 30]}, {"key": "based-on", "type": "clause", "offset": [36, 44]}, {"key": "after-closing", "type": "definition", "offset": [83, 96]}, {"key": "following-the-closing-date", "type": "clause", "offset": [141, 167]}, {"key": "article-5", "type": "clause", "offset": [226, 235]}, {"key": "the-party", "type": "clause", "offset": [265, 274]}, {"key": "pay-to", "type": "definition", "offset": [331, 337]}, {"key": "other-party", "type": "definition", "offset": [342, 353]}, {"key": "within-thirty", "type": "clause", "offset": [394, 407]}, {"key": "after-receipt-of", "type": "clause", "offset": [418, 434]}, {"key": "proof-of", "type": "clause", "offset": [435, 443]}, {"key": "provided-that", "type": "clause", "offset": [456, 469]}, {"key": "provisions-of-this-article", "type": "clause", "offset": [583, 609]}, {"key": "shall-survive-the-closing", "type": "clause", "offset": [612, 637]}], "size": 2, "hash": "fc921b6fbe24d8234f13ef7c85754ddb", "id": 4}, {"samples": [{"hash": "jlqzi3U5rzy", "uri": "/contracts/jlqzi3U5rzy#delayed-adjustment", "label": "Contribution Agreement (Weeks Corp)", "score": 18.0, "published": true}], "snippet": "If at any time following the Closing Date the amount of an item listed in Section 5.2 shall prove to be incorrect, the party in whose favor the error was made shall promptly pay to the other party the sum necessary to correct such error upon receipt of proof of such error, provided that such proof is delivered to the party from whom payment is requested on or before one (1) year after the Closing Date.", "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [3, 14]}, {"key": "following-the-closing-date", "type": "clause", "offset": [15, 41]}, {"key": "section-52", "type": "clause", "offset": [74, 85]}, {"key": "the-party", "type": "clause", "offset": [115, 124]}, {"key": "pay-to", "type": "definition", "offset": [174, 180]}, {"key": "other-party", "type": "definition", "offset": [185, 196]}, {"key": "upon-receipt-of", "type": "definition", "offset": [237, 252]}, {"key": "proof-of", "type": "clause", "offset": [253, 261]}, {"key": "provided-that", "type": "clause", "offset": [274, 287]}, {"key": "after-the-closing-date", "type": "clause", "offset": [382, 404]}], "size": 2, "hash": "af00c70f3842a630c9be4465ac886b29", "id": 5}, {"samples": [{"hash": "eNAQHgfNuvh", "uri": "/contracts/eNAQHgfNuvh#delayed-adjustment", "label": "Contribution Agreement (Boston Properties Inc)", "score": 18.0, "published": true}], "snippet": "Investor and Rockmark Corporation, ------------------ acting on behalf of the 3ECW Partners, shall administer the provisions of Exhibit V of the Transaction Agreement following the Closing based on the closing of 3ECW books for the month in which the Closing Date occurs. If, as a result of the Final Audit to be conducted pursuant to Exhibit V, the amount of an item listed in Exhibit V of the Transaction Agreement shall prove to be incorrect (whether as a result of an error in calculation or a lack of complete and accurate information as of the Closing), Investor and the 3ECW Partners shall adjust the Investor Preferred Units initially issued (proportionately to the Investor Preferred Units initially issued) by Investor delivering an amended schedule to the Investor Agreement as reasonably agreed to by Rockmark Corporation reflecting the corrected number of Investor Preferred Units issued to each 3ECW Partners in order to correct such error upon receipt of reasonable proof of such error, provided that such proof is delivered to the party from whom payment is requested as provided in Exhibit V. The correction of any such error shall be made effective as of the Closing Date and shall include the further payment by Investor, or repayment by the 3ECW Partners, of any distributions made by Investor in respect of the increase, or decrease, of the number of Investor Preferred Units initially held by any 3ECW Partners prior to such adjustment.", "snippet_links": [{"key": "on-behalf-of", "type": "clause", "offset": [61, 73]}, {"key": "the-provisions-of", "type": "clause", "offset": [110, 127]}, {"key": "exhibit-v", "type": "clause", "offset": [128, 137]}, {"key": "the-transaction-agreement", "type": "clause", "offset": [141, 166]}, {"key": "following-the-closing", "type": "clause", "offset": [167, 188]}, {"key": "based-on", "type": "clause", "offset": [189, 197]}, {"key": "final-audit", "type": "definition", "offset": [295, 306]}, {"key": "pursuant-to-exhibit", "type": "clause", "offset": [323, 342]}, {"key": "lack-of", "type": "clause", "offset": [498, 505]}, {"key": "complete-and-accurate-information", "type": "clause", "offset": [506, 539]}, {"key": "preferred-units", "type": "clause", "offset": [617, 632]}, {"key": "by-investor", "type": "clause", "offset": [717, 728]}, {"key": "schedule-to", "type": "clause", "offset": [751, 762]}, {"key": "investor-agreement", "type": "clause", "offset": [767, 785]}, {"key": "agreed-to-by", "type": "clause", "offset": [800, 812]}, {"key": "number-of", "type": "clause", "offset": [859, 868]}, {"key": "issued-to", "type": "definition", "offset": [894, 903]}, {"key": "in-order-to", "type": "clause", "offset": [923, 934]}, {"key": "upon-receipt-of", "type": "definition", "offset": [954, 969]}, {"key": "proof-of", "type": "clause", "offset": [981, 989]}, {"key": "provided-that", "type": "clause", "offset": [1002, 1015]}, {"key": "the-party", "type": "clause", "offset": [1043, 1052]}, {"key": "correction-of", "type": "clause", "offset": [1114, 1127]}, {"key": "as-of-the-closing-date", "type": "clause", "offset": [1167, 1189]}, {"key": "payment-by", "type": "clause", "offset": [1220, 1230]}, {"key": "in-respect-of", "type": "clause", "offset": [1314, 1327]}, {"key": "prior-to", "type": "definition", "offset": [1433, 1441]}], "size": 2, "hash": "114dc93a50f64bc74e9c72f955013890", "id": 6}, {"samples": [{"hash": "jlYvCvYfQTs", "uri": "/contracts/jlYvCvYfQTs#delayed-adjustment", "label": "Purchase and Sale Agreement (Lightstone Value Plus Real Estate Investment Trust, Inc.)", "score": 21.0, "published": true}], "snippet": "If at any time following the Closing Date, any adjustment under any subsection of this Section 3 shall prove to be incorrect (whether as a result in an error in calculation or a lack of complete and accurate information as of the Closing), the party in whose favor the error was made shall promptly pay to the other party the sum necessary to correct such error upon receipt of proof of such error, provided that such proof is delivered to the party from whom payment is requested within twelve (12) months after the Closing Date for all adjustments other than the adjustment of percentage rent, which adjustment shall be made when the calculation and payment thereof has been made, and in any event, within sixteen (16) months following the Closing Date. The provisions of this Section 3(g) shall survive the Closing and shall not be merged in the Deeds.", "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [3, 14]}, {"key": "following-the-closing-date", "type": "clause", "offset": [15, 41]}, {"key": "section-3", "type": "clause", "offset": [87, 96]}, {"key": "lack-of", "type": "clause", "offset": [178, 185]}, {"key": "complete-and-accurate-information", "type": "clause", "offset": [186, 219]}, {"key": "the-party", "type": "clause", "offset": [240, 249]}, {"key": "pay-to", "type": "definition", "offset": [299, 305]}, {"key": "other-party", "type": "definition", "offset": [310, 321]}, {"key": "upon-receipt-of", "type": "definition", "offset": [362, 377]}, {"key": "proof-of", "type": "clause", "offset": [378, 386]}, {"key": "provided-that", "type": "clause", "offset": [399, 412]}, {"key": "after-the-closing-date", "type": "clause", "offset": [507, 529]}, {"key": "adjustment-of", "type": "clause", "offset": [565, 578]}, {"key": "percentage-rent", "type": "clause", "offset": [579, 594]}, {"key": "calculation-and-payment", "type": "clause", "offset": [636, 659]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [760, 786]}, {"key": "shall-survive-the-closing", "type": "clause", "offset": [792, 817]}], "size": 1, "hash": "fb181c7e3578e182f97a3f9ef2d6950e", "id": 7}, {"samples": [{"hash": "fgDM1zQ1Bqc", "uri": "/contracts/fgDM1zQ1Bqc#delayed-adjustment", "label": "Purchase and Sale Agreement (Steadfast Apartment REIT, Inc.)", "score": 25.8049281314, "published": true}], "snippet": "If at any time following the Closing Date, the amount of an item listed in this Article 6 shall prove to be incorrect (whether as a result of an error in calculation or a lack of complete and accurate information as of the Closing), the party owing money as a result of such error or adjustment shall promptly pay to the other party the sum necessary to correct such error or make such adjustment upon receipt of proof of the same, provided that such proof is received by the party from whom payment is to be made on or before ninety (90) days after Closing. Seller and Buyer shall cooperate in providing information reasonably requested by the other to determine whether any delayed adjustment is necessary. The provisions of this Section 6.8 shall survive the Closing.", "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [3, 14]}, {"key": "following-the-closing-date", "type": "clause", "offset": [15, 41]}, {"key": "article-6", "type": "definition", "offset": [80, 89]}, {"key": "lack-of", "type": "clause", "offset": [171, 178]}, {"key": "complete-and-accurate-information", "type": "clause", "offset": [179, 212]}, {"key": "the-party", "type": "clause", "offset": [233, 242]}, {"key": "pay-to", "type": "definition", "offset": [310, 316]}, {"key": "other-party", "type": "definition", "offset": [321, 332]}, {"key": "upon-receipt-of", "type": "definition", "offset": [397, 412]}, {"key": "proof-of", "type": "clause", "offset": [413, 421]}, {"key": "provided-that", "type": "clause", "offset": [432, 445]}, {"key": "received-by", "type": "definition", "offset": [460, 471]}, {"key": "after-closing", "type": "definition", "offset": [544, 557]}, {"key": "buyer-shall", "type": "clause", "offset": [570, 581]}, {"key": "providing-information", "type": "clause", "offset": [595, 616]}, {"key": "requested-by", "type": "definition", "offset": [628, 640]}, {"key": "determine-whether", "type": "clause", "offset": [654, 671]}, {"key": "section-68", "type": "clause", "offset": [732, 743]}, {"key": "shall-survive-the-closing", "type": "clause", "offset": [744, 769]}], "size": 1, "hash": "718053f68182863948d009b74ca98df8", "id": 8}, {"samples": [{"hash": "g5YidXBZB9w", "uri": "/contracts/g5YidXBZB9w#delayed-adjustment", "label": "Purchase and Sale Agreement (KBS Legacy Partners Apartment REIT, Inc.)", "score": 23.3080082136, "published": true}], "snippet": "If at any time following the Closing Date, the amount of an item listed in any section of this Article 5 shall prove to be incorrect (whether as a result in an error in calculation or a lack of complete and accurate information as of the Closing), the party in whose favor the error was made shall promptly pay to the other party the sum necessary to correct such error upon receipt of proof of such error, provided that, other than for real estate and personal property taxes, such proof is delivered to the party from whom payment is requested on or before the end of the third (3rd) calendar month after Closing.", "snippet_links": [{"key": "at-any-time", "type": "clause", "offset": [3, 14]}, {"key": "following-the-closing-date", "type": "clause", "offset": [15, 41]}, {"key": "article-5", "type": "clause", "offset": [95, 104]}, {"key": "lack-of", "type": "clause", "offset": [186, 193]}, {"key": "complete-and-accurate-information", "type": "clause", "offset": [194, 227]}, {"key": "the-party", "type": "clause", "offset": [248, 257]}, {"key": "pay-to", "type": "definition", "offset": [307, 313]}, {"key": "other-party", "type": "definition", "offset": [318, 329]}, {"key": "upon-receipt-of", "type": "definition", "offset": [370, 385]}, {"key": "proof-of", "type": "clause", "offset": [386, 394]}, {"key": "provided-that", "type": "clause", "offset": [407, 420]}, {"key": "real-estate-and-personal-property-taxes", "type": "clause", "offset": [437, 476]}, {"key": "calendar-month", "type": "definition", "offset": [586, 600]}, {"key": "after-closing", "type": "definition", "offset": [601, 614]}], "size": 1, "hash": "52c00ac99a34805f1587f006b5c9881c", "id": 9}, {"samples": [{"hash": "lMIpYV2Vs8l", "uri": "/contracts/lMIpYV2Vs8l#delayed-adjustment", "label": "Purchase and Sale Agreement (Rodin Global Property Trust, Inc.)", "score": 29.5804243669, "published": true}], "snippet": "To the extent necessary, no later than December 31, 2018, Buyer shall prepare and present to Seller a recalculation of any and all amounts due or subject to proration under this Article 5 (taking into consideration any errors and changes necessary because of the lack of complete or accurate information as of the Closing Date), as well as supporting documentation for such recalculation. The parties shall make the appropriate adjusting payment between them within thirty (30) days after delivery of any such recalculation. In addition, if any mutual mistake, including without limitation, any erroneous mathematical calculation, is made in any apportionment at Closing, on or before December 31, 2018, Seller and Buyer shall correct said mistake and make any payment required to produce an accurate apportionment. The provisions of this section shall survive the Closing and not be merged therein.", "snippet_links": [{"key": "to-the-extent", "type": "clause", "offset": [0, 13]}, {"key": "buyer-shall", "type": "clause", "offset": [58, 69]}, {"key": "to-seller", "type": "definition", "offset": [90, 99]}, {"key": "all-amounts-due", "type": "clause", "offset": [127, 142]}, {"key": "subject-to", "type": "definition", "offset": [146, 156]}, {"key": "article-5", "type": "clause", "offset": [178, 187]}, {"key": "taking-into-consideration", "type": "clause", "offset": [189, 214]}, {"key": "errors-and-changes", "type": "clause", "offset": [219, 237]}, {"key": "lack-of", "type": "clause", "offset": [263, 270]}, {"key": "accurate-information", "type": "clause", "offset": [283, 303]}, {"key": "as-of-the-closing-date", "type": "clause", "offset": [304, 326]}, {"key": "supporting-documentation", "type": "definition", "offset": [340, 364]}, {"key": "the-parties-shall", "type": "clause", "offset": [389, 406]}, {"key": "adjusting-payment", "type": "clause", "offset": [428, 445]}, {"key": "within-thirty", "type": "clause", "offset": [459, 472]}, {"key": "delivery-of", "type": "clause", "offset": [489, 500]}, {"key": "in-addition", "type": "clause", "offset": [525, 536]}, {"key": "mutual-mistake", "type": "clause", "offset": [545, 559]}, {"key": "including-without-limitation", "type": "clause", "offset": [561, 589]}, {"key": "at-closing", "type": "clause", "offset": [660, 670]}, {"key": "before-december", "type": "clause", "offset": [678, 693]}, {"key": "seller-and-buyer", "type": "clause", "offset": [704, 720]}, {"key": "payment-required", "type": "clause", "offset": [761, 777]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [820, 846]}, {"key": "shall-survive-the-closing", "type": "clause", "offset": [847, 872]}], "size": 1, "hash": "d617e695673ca43c77e9cad962ecdf6a", "id": 10}], "next_curs": "ClsSVWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjcLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhtkZWxheWVkLWFkanVzdG1lbnQjMDAwMDAwMGEMogECZW4YACAA", "clause": {"title": "Delayed Adjustment", "children": [["closing-date", "Closing Date"], ["title-transfer-and-payment-of-purchase-price", "Title Transfer and Payment of Purchase Price"], ["evidence-of-authority", "Evidence of Authority"], ["other-documents", "Other Documents"], ["transfer-taxes", "Transfer Taxes"]], "parents": [["adjustments-and-prorations", "ADJUSTMENTS AND PRORATIONS"], ["apportionments", "Apportionments"], ["purchase-price", "PURCHASE PRICE"], ["sale-of-property", "SALE OF PROPERTY"], ["cash-at-closing", "Cash at Closing"]], "size": 31, "id": "delayed-adjustment", "related": [["tax-adjustment", "Tax Adjustment", "Tax Adjustment"], ["cpi-adjustment", "CPI Adjustment", "CPI Adjustment"], ["closing-adjustment", "Closing Adjustment", "Closing Adjustment"], ["post-closing-adjustment", "Post-Closing Adjustment", "Post-Closing Adjustment"], ["year-end-adjustment", "Year-End Adjustment", "Year-End Adjustment"]], "related_snippets": [], "updated": "2025-07-07T12:37:53+00:00", "also_ask": [], "drafting_tip": null, "explanation": "The Delayed Adjustment clause establishes the conditions under which certain payments, obligations, or contract terms may be modified at a later date rather than immediately. Typically, this clause applies when final figures or outcomes\u2014such as sales volumes, costs, or performance metrics\u2014are not available at the time of initial settlement, allowing for a subsequent recalculation or correction once the necessary information is obtained. Its core practical function is to ensure fairness and accuracy in contractual dealings by accommodating adjustments based on finalized data, thereby preventing disputes over premature or inaccurate settlements."}, "json": true, "cursor": ""}}