Pro-rations Sample Clauses

Pro-rations. Taxes and all other pro-ratable items shall be prorated as of the date of Closing. In the event the taxes for the year of Closing are unknown, the tax pro-ration will be based upon the taxes for the prior year, unless the parties otherwise agree.

Pro-rations. At the close of escrow, the Escrow Agent shall make the following prorations: (i) property taxes will be prorated as of the Close of Escrow based upon the most recent tax ▇▇▇▇ available, including any property taxes which may be assessed after the close of escrow but which pertain to the period prior to the transfer of title to the Property to Buyer, regardless of when or to whom notice thereof is delivered; (ii) any bond or assessment that constitutes a lien on the Property at the Close of Escrow will be assumed by Buyer; and (iii) Maintenance Expenses will be prorated at the Close of Escrow based on the actual costs of maintenance. Seller does not pay property taxes.

Pro-rations. The Parties agree that any Apportioned Obligations, and any refund, rebate or similar payment received by the Seller or by the Buyer for any Taxes that are Apportioned Obligations, will be apportioned between the Seller and the Buyer as follows: (a) For Apportioned Obligations based upon or related to income or receipts, the Seller agrees to indemnify the Buyer for the amount of such Apportioned Obligations that would be payable if the relevant year or period ended on the Closing Date. (b) For Apportioned Obligations measured by the amount or level of any item (including, but not limited to, such Apportioned Obligations as are measured by the amount of capital or the value of intangibles) the Seller agrees to indemnify the Buyer for the amount of such Apportioned Obligations that are determined by multiplying (A) the amount or level of such items immediately prior to the Closing, by (B) a fraction, the numerator of which is the number of calendar days in the portion of the Straddle Period ending on the Closing Date and the denominator of which is the number of calendar days in the entire Straddle Period. (c) For Apportioned Obligations consisting of unapplied cash security deposits, Buyer shall pay to Seller at Closing the amount of such unapplied cash security deposits and Seller shall indemnify Buyer for any amounts applied by any lessor under the Real Property Leases with respect to any event occurring prior to the Closing. (d) For all Apportioned Obligations not described in (a) or (b), the Seller agrees to indemnify the Buyer for the amount of such Apportioned Obligations that are determined by multiplying (A) the amount of such Apportioned Obligations for the entire Straddle Period, by (B) a fraction, the numerator of which is the number of calendar days in the portion of the Straddle Period ending on the Closing Date and the denominator of which is the number of calendar days in the entire Straddle Period. The Seller will pay Apportioned Obligations that are due and payable on or prior to the Closing Date, and b▇▇▇ the Buyer for any part of that amount apportioned to the Buyer. The Buyer will pay Apportioned Obligations that are due and payable after the Closing Date and b▇▇▇ the Seller for any part of that amount apportioned to the Seller. Notwithstanding any other provision contained in this Agreement (including the limitations set forth in Sections 10.2 or 10.3), any obligation arising out of this Section 7.5 will not be considered a Loss, subjec...

Pro-rations. If the amount paid by either party with respect to items and periods covered by the pro-rations referenced in Article 8 differs from the amount of the actual pro-rated amounts due as provided herein, then each party shall have thirty (30) calendar days after the Closing date in which to notify the other party in writing of the amount of such difference, giving appropriate supporting documentation; and the party being so notified shall pay such difference within ten (10) business days following receipt of such notification. Any claim for reimbursement not submitted within said thirty (30) day period is hereby waived by both parties notwithstanding survival of the pro-ration provisions of this Agreement beyond Closing.

Pro-rations. If this Lease shall commence or terminate at any time other than the first day of an Operating Year, Tenant shall be liable only for that portion of the Operating Expenses and Taxes with respect to such Operating Year as represented by a fraction, the numerator of which is the number of days of the Lease Term which fall within the Operating Year and the denominator of which is three hundred sixty-five (365).

Pro-rations. Due to the nature of the payment obligations under the existing Lease (obligating Buyer to pay, for example, all property taxes and utilities), as of the Effective Date, the parties do not anticipate any required pro-rations.

Pro-rations. Should this Lease commence or terminate at any time other than the first day of an Operating Year, the Additional Rent payable by Tenant on account of Operating Expenses shall be first calculated on the basis of the entire Operating Year and then pro-rated on the basis of the number of days of occupancy.

Pro-rations. Any taxes and assessments that are a lien on the Property, or that otherwise relate to the Property and are due and payable as of Closing (other than the lien of general real estate taxes that are not due and payable as of Closing) shall be paid by Seller on or before closing. Seller to pay all current real estate taxes and no pro-rations shall occur between Seller and Purchaser. Seller shall also pay all current grass cuts and other maintenance charges against the Property.

Pro-rations. At the close of escrow, the Escrow Agent shall make the following prorations: (i) property taxes will be prorated as of the Close of Escrow based upon the most recent tax ▇▇▇▇ available, including any property taxes which may be assessed after the close of escrow but which pertain to the period prior to the transfer of title to the Property to Buyer, regardless of when or to whom notice thereof is delivered and (ii) any bond or assessment that constitutes a lien on the Property at the Close of Escrow will be assumed by Buyer.