Pre-Closing Settlement Statement Sample Clauses
The Pre-Closing Settlement Statement is a document that outlines all financial transactions and adjustments between the parties involved in a real estate transaction prior to the official closing. It typically details credits, debits, prorated expenses, and any other amounts due from the buyer or seller, ensuring both parties have a clear understanding of their financial obligations before finalizing the sale. This clause helps prevent misunderstandings or disputes by providing a transparent, itemized summary of all monetary exchanges to be settled at closing.
Pre-Closing Settlement Statement. At least three (3) business days prior to the Closing, Buyer and Seller shall provide to Escrow Agent as much information as is then available to enable Escrow Agent to prepare a pre-audit settlement statement setting forth in detail all prorations and adjustments contemplated by this Agreement based on the information available to Escrow Agent. Escrow Agent shall provide such pre-audit settlement statement to Buyer and Seller and their respective legal counsel no later than two (2) business days prior to the Closing and shall include therewith an indication of any specific information remaining to be provided to Escrow Agent by Buyer and Seller to enable Escrow Agent to show all final prorations and adjustments calculated by Buyer and Seller, and required by this Agreement. Such statement shall be approved by both Buyer and Seller in writing prior to Closing, such approval to be indicated by the parties signatures thereon.
Pre-Closing Settlement Statement. At least three (3) business days prior to the Closing, the parties shall provide to Title Company as much information as is then available to enable Title Company to prepare a pre-audit settlement statement setting forth in detail all prorations and adjustments contemplated by this Agreement, including, without limitation, Sections 6.6 and 6.7, based on the information available to Title Company. Title Company shall provide such pre-audit settlement statement to the parties and their respective legal counsel no later than two (2) business days prior to the Closing and shall include therewith an indication of any specific information remaining to be provided to Title Company by the parties to enable Title Company to show all final prorations and adjustments calculated by the parties, and required by this Agreement.
Pre-Closing Settlement Statement. At least three (3) business days prior to the Closing, the parties shall provide to Title Company as much information as is then available to enable Title Company to prepare a pre-audit settlement statement setting forth in detail all prorations and adjustments contemplated by this Agreement, including, without limitation, Sections 6.6 and 6.7, based on the information available to Title Company. Title Company shall provide such pre-audit settlement statement to the parties and their respective legal counsel no later than two (2) business days prior to the Closing and shall include therewith an indication of any specific information remaining to be provided to Title Company by the parties to enable Title Company to show all final prorations and adjustments calculated by the parties, and required by this Agreement. SAN ▇▇▇▇▇▇▇ FARMS, LLC/GLADSTONE LAND CORPORATION PURCHASE AND SALE AGREEMENT, AND JOINT ESCROW INSTRUCTIONS (DIEGO RANCH) (C&B 090516) PAGE 34 OF 58 6.9. IRS