Common use of Items Not Prorated Clause in Contracts

Items Not Prorated. Seller and Buyer agree that (i) none of the insurance policies relating to the Property will be assigned to Buyer and Buyer shall be responsible for arranging for its own insurance as of the Closing Date; and (ii) to the extent Seller has contracted directly with any utility provider, including telephone, electricity, water, and gas, such utility shall be read on the Closing Date and Buyer shall be responsible for all the necessary actions needed to arrange for the same to be transferred to the name of Buyer on the Closing Date, including the posting of any required deposits and, if applicable, Seller shall be entitled to recover and retain from the providers of such utilities any refunds or overpayments to the extent applicable to the period prior to the Closing Date, and any utility deposits which it or its predecessors may have posted. Accordingly, there will be no prorations for debt service, insurance or utilities. In the event a meter reading is unavailable for any utility directly contracted for by Seller, such utility shall be prorated in the manner provided in Section 5.8.2(f).

Items Not Prorated. Seller and Buyer agree that (ia) on the Closing, the Property will not be subject to any financing arranged by Seller; (b) none of the insurance policies relating to the Property will be assigned to Buyer and Buyer shall be responsible for arranging for its own insurance as of the Closing DateClosing; and (iic) to the extent Seller has contracted directly with any utility providerutilities, including telephone, electricity, water, water and gas, such utility shall be read on the Closing Date and Buyer shall be responsible for all the necessary actions needed to arrange for the same utilities to be transferred to the name of Buyer on the Closing DateClosing, including the posting of any required deposits and, if applicable, and Seller shall be entitled to recover and retain from the providers of such utilities any refunds or overpayments to the extent applicable to the period prior to the Closing DateClosing, and any utility deposits which it or its predecessors may have posted. Accordingly, there will be no prorations for debt service, insurance or utilities. In the event a meter reading is unavailable for any utility directly contracted for by Sellerparticular utility, such utility shall be prorated in the manner provided in Section 5.8.2(f)7.7.1(d) above.

Items Not Prorated. Seller and Buyer agree that (ia) on the Closing, the Property will not be subject to any financing arranged by Seller; (b) none of the insurance policies relating to the Property will be assigned to Buyer and Buyer shall be responsible for arranging for its own insurance as of the Closing DateClosing; and (iic) to the extent Seller has contracted directly with any utility providerutilities, including telephone, electricity, water, water and gas, such utility shall be read on the Closing Date and Buyer shall be responsible for all the necessary actions needed to arrange for the same utilities to be transferred to the name of Buyer on the Closing DateClosing, including the posting of any required deposits and, if applicable, and Seller shall be entitled to recover and retain from the providers of such utilities any refunds or overpayments to the extent applicable to the period prior to the Closing DateClosing, and any utility deposits which it or its predecessors may have posted. Accordingly, there will be no prorations for debt service, insurance or utilities. In the event a meter reading is unavailable for any utility directly contracted for by Sellerparticular utility, such utility shall be prorated in the manner provided in Section 5.8.2(f)subsection (1)(d) above.

Items Not Prorated. Seller and Buyer agree that (ia) on the Closing, the Property will not be subject to any financing arranged by Seller; (b) none of the insurance policies relating to the Property will be assigned to Buyer and Buyer shall be responsible for arranging for its own insurance as of the Closing DateClosing; and (iic) to the extent Seller has contracted directly with any utility providerutilities, including telephone, electricity, water, water and gas, such utility shall be read on the Closing Date and Buyer shall be responsible for all the necessary actions needed to arrange for the same utilities to be transferred to the name of Buyer on the Closing DateClosing, including the posting of any required deposits and, if applicable, and Seller shall be entitled to recover and retain from the providers of such utilities any refunds or overpayments to the extent applicable to the period prior to the Closing DateClosing, and any utility deposits which it or its predecessors may have posted. Accordingly, there will be no prorations for debt service, insurance or utilities. In the event a meter reading is unavailable for any utility directly contracted for by Sellerparticular utility, such utility shall be prorated in the manner provided in Section 5.8.2(f).subparagraph (1)(e) above. [FINAL EXECUTION COPY]

Items Not Prorated. Seller and Buyer agree that (ia) on the Closing, the Property will not be subject to any financing arranged by Seller; (b) none of the insurance policies relating to the Property will be assigned to Buyer and Buyer shall be responsible for arranging for its own insurance as of the Closing DateClosing; and (iic) to the extent Seller has contracted directly with any utility providerutilities, including telephone, electricity, water, water and gas, such utility shall be read on the Closing Date and Buyer shall be responsible for all the necessary actions needed to arrange for the same utilities to be transferred to the name of Buyer on the Closing DateClosing, including the posting of any required deposits and, if applicable, and Seller shall be entitled to recover and retain from the providers of such utilities any refunds or overpayments to the extent applicable to the period prior to the Closing DateClosing, and any utility deposits which it or its predecessors may have posted. Accordingly, there will be no prorations for debt service, insurance or utilities. In the event a meter reading is unavailable for any utility directly contracted for by Sellerparticular utility, such utility shall be prorated in the manner provided in Section 5.8.2(f7.6.l(d).