HOA. To the extent that the adjustments in Section 10.1 do not take into account an item specified in this Section 10.9, all owner’s association or similar fees and assessments (including, if applicable, any declarant or developer subsidies) due and payable with respect to the Owned Properties with respect to the year in which the Closing occurs shall be adjusted and prorated based on the periods of ownership by Property Sellers and Buyer during such year.
Appears in 2 contracts
Sources: Agreement of Purchase and Sale, Purchase and Sale Agreement (Forestar Group Inc.)