Other Prorations Sample Clauses

Other Prorations. Water and sewer charges, propane, interest on continuing loan, and .

Other Prorations. All expenses attributable to the operation of each Facility (measured on an accrual basis) through 11:59 p.m. on the day before the Closing shall be paid for by Seller. Thereafter, such expenses shall be paid for by Purchaser. All income not received by Seller as of the Closing, including, but not limited to, all payments under Occupancy Agreements, including any insurance payments or advances, shall be for Seller's account and any amount collected from tenants or patients and third party payors with accounts owing to Seller shall, if collected by Purchaser, be paid over to Seller. Except as otherwise expressly provided in this Agreement, Seller shall remain responsible for all accounts payable through 11:59 p.m. on the day before the Closing. As of the Closing, Seller shall calculate and pay wages, payroll taxes, and any employee bonuses based upon attendance record or other criteria accrued through 11:59 p.m. on the day before the Closing. In effecting the proration, Seller shall be credited for items of expense paid for as of the Closing Date. In addition, on or about the Closing, Seller shall cause final utility meter readings to be made for all utilities serving the Premises and Seller shall pay or cause to be paid all final bills rendered from such meter readings. To the extent that all items of income and expenses to be transferred, prorated, or assumed cannot be determined at the Closing, then Seller and Purchaser shall cooperate with each other to revise the settlement statements within thirty (30) days after Closing. All prepaid rental and security deposits and other tenant or patient funds held in trust by Seller shall be accounted for (including any interest required on such funds) and transferred to Purchaser at Closing. Seller shall furnish to Purchaser on or before the Closing a list, by Facility, of all security and rent deposits and other patient and tenant funds held by Seller, which list shall also indicate the rent status of each patient or tenant, certified to by an officer of the general partner of Seller, which list Seller warrants will be true and correct. Upon transfer thereof at Closing, Purchaser agrees to maintain, repay and/or return such security and rent deposits in accordance with the terms and subject to the conditions and requirements under which they are now being held by Seller and as imposed by applicable law or regulation.

Other Prorations. In addition to the previously stated adjustments and prorations at Closing the parties shall also make such adjustments and prorations to the Purchase Price as are customary and usual in transactions similar to the transaction contemplated by this Contract.

Other Prorations. To the extent not otherwise prorated pursuant to this Agreement, Buyer and Seller shall prorate between them any periodic revenue or expense that is applicable to the time periods before and after the Closing Date.

Other Prorations. Water and sewer charges; interest on any continuing loan, and ~

Other Prorations. Water and sewer use charges, utilities and any other customarily proratable items shall be prorated as of the date of the closing.

Other Prorations. Any other prorations referred to elsewhere in this Agreement and any other items related to the operation of the Hotel and are expenditures which are consistent with past Hotel practices.

Other Prorations. It is the intent of the Seller and Buyer that each shall pay the real estate expenses listed in (a) and 393 (b) below due for the period of time that each owns the Real Estate. There shall be prorated between Seller and Buyer as of 394 Closing: (a) homeowner/condominium association assessments and other charges imposed by the association under the terms of 395 the Association/Condominium Documents, if applicable, as shown on the most recent official Association statement available as 396 of the date of Closing, and/or, (b) rents and operating expenses if the Real Estate is rented to tenants. Security and/or damage 397 deposits held by Seller shall be transferred to Buyer at Closing without proration. Seller and ▇▇▇▇▇ acknowledge that prorations 398 are based on the information provided at closing and that actual amounts charged and/or collected for prorated items may differ; 399 however, all Closing prorations shall be final.

Other Prorations. There shall be prorated between Seller and Buyer as of Closing: (a) homeowner/condominium 108 association assessments and other charges imposed by an association under the terms of the Association/ Condominium Documents 109 (if applicable), and/or, (b) rents and operating expenses if the Real Estate is rented to tenants. Security and/or damage deposits 110 held by Seller shall be transferred to Buyer at Closing without proration.