Operating Expenses. All of the operating, maintenance, taxes (other than real estate taxes), and other expenses incurred in operating the Property that Seller customarily pays, and any other costs incurred in the ordinary course of business for the management and operation of the Property, shall be prorated on an accrual basis. Seller shall pay all such expenses that accrue prior to the Closing Date and Purchaser shall pay all such expenses that accrue from and after the Closing Date.
Appears in 33 contracts
Samples: Purchase and Sale Contract (Century Properties Growth Fund Xxii), Purchase and Sale Contract (National Property Investors 6), Purchase and Sale Contract (HCW Pension Real Estate Fund LTD Partnership)
Operating Expenses. All of the operating, maintenance, taxes (other than real estate taxes, such as rental taxes), and other expenses incurred in operating the Property that Seller customarily pays, and any other costs incurred in the ordinary course of business for the management and operation of the Property, shall be prorated on an accrual basis. Seller shall pay all such expenses that accrue prior to the Closing Date and Purchaser shall pay all such expenses that accrue from and after the Closing Date.
Appears in 9 contracts
Samples: Purchase and Sale Contract (Consolidated Capital Institutional Properties), Purchase and Sale Contract (Consolidated Capital Institutional Properties 3), Purchase and Sale Contract (VMS National Properties Joint Venture)
Operating Expenses. All With respect to each Property, all of the operating, maintenance, taxes (other than real estate taxes), and other expenses incurred in operating the such Property that such Seller customarily pays, and any other costs incurred in the ordinary course of business for the management and operation of the such Property, shall be prorated on an accrual basis. Each Seller shall pay all such expenses that accrue prior to the Closing Date and Purchaser shall pay all such expenses that accrue from and after the Closing Date.
Appears in 3 contracts
Samples: Purchase and Sale Contract (Shelter Properties v Limited Partnership), Purchase and Sale Contract (Consolidated Capital Institutional Properties 3), Purchase and Sale Contract (Davidson Diversified Real Estate Ii Limited Partnership)
Operating Expenses. All of the operating, maintenance, taxes (other than real estate taxes, such as rental taxes), and other expenses incurred in operating the Property that Seller Contributor customarily pays, and any other costs incurred in the ordinary course of business for the management and operation of the Property, shall be prorated on an accrual basis. Seller Contributor shall pay all such expenses that accrue prior to through the Closing Date and Purchaser Contributee shall pay all such expenses that accrue from and after the Closing Date.
Appears in 2 contracts
Samples: Contribution Agreement (Aimco Properties Lp), Contribution Agreement (Aimco Properties Lp)
Operating Expenses. All of the operating, maintenance, taxes (other than real estate taxes), and other expenses incurred in operating the Property that Seller customarily paysProperty, and any other costs incurred in the ordinary course of business for the management and operation of the Property, shall be prorated on an accrual basis. Seller and/or Existing Operator shall pay all such expenses that accrue accruing prior to the Closing Date and Purchaser shall pay all such expenses that accrue accruing from and after the Closing Date.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Griffin-American Healthcare REIT IV, Inc.), Purchase and Sale Agreement (Griffin-American Healthcare REIT IV, Inc.)
Operating Expenses. All of the operating, maintenance, taxes (other than real estate taxes), such as rental taxes, and other expenses incurred in operating the Property that Seller customarily pays, and any other costs incurred in the ordinary course of business for the management and operation of the Property, shall be prorated on an accrual basis. Seller shall pay all such expenses that accrue prior to through the Closing Date and Purchaser Buyer shall pay all such expenses that accrue from and after the Closing Date.
Appears in 1 contract
Samples: Agreement of Sale and Purchase (National Housing Partnership Realty Fund I)
Operating Expenses. All of the operating, maintenance, taxes (other than real estate taxes), such as rental taxes) and other expenses incurred in operating the Property that Seller customarily payspays (if any), and any other costs incurred in the ordinary course of business for the management and operation of the PropertyProperty (if any), shall be prorated on an accrual basis. Seller shall pay all such expenses that accrue prior to the Closing Date and Purchaser shall pay all such expenses that accrue from and after the Closing Date.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Gc Net Lease Reit, Inc.)
Operating Expenses. All of the operating, maintenance, taxes (other than real estate taxes, such as rental taxes), and other expenses incurred in operating the Property that Seller customarily pays, and any other costs incurred in the ordinary course of business for the management and operation of the Property, shall be prorated on an accrual basis. Seller shall pay all such expenses that accrue prior to the Closing Date and Purchaser shall pay all such expenses that accrue from and after the Closing Date.. 5.4.3
Appears in 1 contract
Samples: Purchase and Sale Contract (Wellsford Real Properties Inc)
Operating Expenses. All of the operating, maintenance, operating and maintenance expenses and taxes (other than including personal property taxes but excluding real estate taxes), and other expenses taxes which are addressed in subsection d. below) incurred in operating the Property that Seller customarily pays, and any other costs incurred in the ordinary course of business for the management and operation of the Property, shall be prorated on an accrual basis. Seller shall pay all such expenses that accrue prior to the Closing Date and Purchaser shall pay all such expenses that accrue from and after the Closing Date.
Appears in 1 contract
Samples: Asset Purchase and Sale Agreement
Operating Expenses. All of the operating, maintenance, taxes (other than real estate taxes), such as rental taxes) and other expenses incurred in operating the Property that Seller customarily pays, and any other costs incurred in the ordinary course of business for the management and operation of the Property, shall be prorated on an accrual basis. Seller shall pay all such expenses that accrue prior to the Closing Date and Purchaser shall pay all such expenses that accrue from and after the Closing Date.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Grubb & Ellis Healthcare REIT, Inc.)
Operating Expenses. All of the operating, maintenance, taxes (other than real estate taxes), ) and other expenses incurred in operating connection with the Property that Seller customarily paysownership, and any other costs incurred in the ordinary course of business for the management leasing and operation of the Property, Property shall be prorated on an accrual basis. Seller shall pay all such expenses that accrue accruing prior to the Closing Date and Purchaser shall pay all such expenses that accrue accruing from and after the Closing Date.
Appears in 1 contract
Samples: Purchase and Sale Agreement (NorthStar Healthcare Income, Inc.)
Operating Expenses. All of the operating, maintenance, taxes (other than real estate taxes), and other expenses incurred in operating the Property that Seller customarily pays, and any other costs incurred in the ordinary course of business for the management and operation of the Property, but not any capital expenditures, shall be prorated on an accrual basis. Seller shall pay all such expenses that accrue prior to the Closing Date and Purchaser shall pay all such expenses that accrue from and after the Closing Date.
Appears in 1 contract
Samples: Purchase and Sale Contract (Angeles Income Properties LTD Ii)
