Common use of Proration of Expenses and Payment of Costs and Recording Fees Clause in Contracts

Proration of Expenses and Payment of Costs and Recording Fees. (a) All real estate taxes, rollback taxes, personal property taxes, water and sewer use charges, and any other charges and assessments constituting a lien on the Property (collectively “Taxes and Assessments”) due and payable on or before the Closing Date shall be remitted to the collecting authorities or to the Escrow Agent by Seller prior to or at Closing. There shall be no closing adjustments between the parties for Taxes and Assessments not yet due and payable at Closing unless Tenant is not responsible for all such Taxes and Assessments due in accordance with the provisions of the Leases.

Appears in 10 contracts

Samples: Agreement for Purchase and Sale (American Realty Capital Trust V, Inc.), Agreement for Purchase and Sale (American Realty Capital Trust V, Inc.), Agreement (American Realty Capital Properties, Inc.)

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Proration of Expenses and Payment of Costs and Recording Fees. (a) All real estate taxes, rollback taxes, personal property taxes, water and sewer use charges, and any other charges and assessments constituting a lien on the Property (collectively “Taxes and Assessments”) due and payable on or before the Closing Date shall be remitted to the collecting authorities or to the Escrow Agent by Seller prior to or at Closing. There shall be no closing adjustments between the parties for Taxes and Assessments not yet due and payable at Closing unless as Tenant is not responsible for all such Taxes and Assessments due in accordance with the provisions of the LeasesLease.

Appears in 3 contracts

Samples: Lease Agreement (American Realty Capital Trust IV, Inc.), Agreement for Purchase and Sale (American Realty Capital Daily Net Asset Value Trust, Inc.), Agreement for Purchase and Sale (American Realty Capital Properties, Inc.)

Proration of Expenses and Payment of Costs and Recording Fees. (a) All real estate taxes, rollback taxes, personal property taxes, water and sewer use charges, and any other charges and assessments constituting a lien on the Property (collectively “Taxes and Assessments”) due and payable on or before the Closing Date shall be remitted to the collecting authorities or to the Escrow Agent by Seller prior to or at Closing. There shall be no closing adjustments between the parties for Taxes and Assessments not yet due and payable at Closing unless Tenant is not responsible for all such Taxes and Assessments due in accordance with the provisions of the LeasesLease.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Cole Credit Property Trust V, Inc.), Agreement for Purchase and Sale (American Realty Capital Global Trust, Inc.), Agreement for Purchase and Sale (American Realty Capital Trust III, Inc.)

Proration of Expenses and Payment of Costs and Recording Fees. (a) All real estate taxes, rollback taxes, personal property taxes, water and sewer use charges, and any other charges and assessments constituting a lien on the Property (collectively “Taxes and Assessments”) due and payable on or before prior to the Closing Date shall be remitted to the collecting authorities or to the Escrow Agent by Seller Tenant prior to or at Closing. There shall be no closing adjustments between the parties for Taxes and Assessments not yet due and payable at Closing unless as Tenant is not responsible for all such Taxes and Assessments due in accordance with the provisions of the Leases.

Appears in 1 contract

Samples: Agreement for Purchase and Sale (American Realty Capital Healthcare Trust Inc)

Proration of Expenses and Payment of Costs and Recording Fees. (a) All real estate taxes, rollback ad valorem and personal property taxes and other state, county and municipal taxes, personal property taxes, water and sewer use charges, and any other charges and assessments constituting a lien on the Property (collectively collectively, the Real Estate Taxes and Assessments”) due and payable on or before the Closing Date shall be remitted to the collecting authorities or to the Escrow Agent by Seller prior to or at Closing. There shall be no closing adjustments between the parties for proration of Real Estate Taxes and Assessments not yet due and payable at Closing unless Tenant is not responsible for all such Taxes and Assessments due in accordance with the provisions of the LeasesLease as of the Closing Date.

Appears in 1 contract

Samples: Agreement for Purchase and Sale (American Realty Capital Properties, Inc.)

Proration of Expenses and Payment of Costs and Recording Fees. (a) All real estate taxes, rollback taxes, personal property taxes, water and sewer use charges, and any other charges and assessments constituting a lien on the Property (collectively "Taxes and Assessments") due and payable on or before the Closing Date shall be remitted to the collecting authorities or to the Escrow Agent by Seller prior to or at Closing. There shall be no closing adjustments between the parties for Taxes and Assessments not yet due and payable at Closing unless Tenant is Tenants are not responsible for all such Taxes and Assessments due in accordance with the provisions of the Leases.

Appears in 1 contract

Samples: Agreement for Purchase and Sale (American Realty Capital Global Trust, Inc.)

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Proration of Expenses and Payment of Costs and Recording Fees. (a) All real estate taxes, rollback taxes, personal property taxes, water and sewer use charges, and any other charges and assessments constituting a lien on the Property (collectively collectively, the “Taxes and Assessments”) due and payable on or before the Closing Date shall be remitted to the collecting authorities or to the Escrow Agent by Seller prior to or at Closing. There shall be no closing adjustments between the parties for Taxes and Assessments not yet due and payable at Closing unless Tenant is not responsible for all such Taxes and Assessments due in accordance with the provisions of the LeasesLease.

Appears in 1 contract

Samples: Agreement for Purchase and Sale (American Realty Capital Trust V, Inc.)

Proration of Expenses and Payment of Costs and Recording Fees. (a) All real estate taxes, rollback taxes, personal property taxes, water and sewer use charges, and any other charges and assessments constituting a lien on the Property (collectively “Taxes and Assessments”) due and payable on or before the Closing Date shall be remitted to the collecting authorities or to the Escrow Agent by Seller prior to or at Closing. There shall be no closing adjustments between the parties for Taxes and Assessments not yet due and payable at Closing unless Tenant as Seller is not responsible for all such Taxes and Assessments due in accordance with the provisions of the LeasesLease.

Appears in 1 contract

Samples: Agreement for Purchase and Sale (American Realty Capital Daily Net Asset Value Trust, Inc.)

Proration of Expenses and Payment of Costs and Recording Fees. (a) All real estate taxes, rollback taxes, personal property taxes, water and sewer use charges, and any other charges and assessments constituting a lien on the Property (collectively "Taxes and Assessments") due and payable on or before the Closing Date shall be remitted to the collecting authorities or to the Escrow Agent by Seller prior to or at Closing. There shall be no closing adjustments between the parties for Taxes and Assessments not yet due and payable at Closing unless Tenant is not responsible for all such Taxes and Assessments due in accordance with the provisions of the LeasesLease.

Appears in 1 contract

Samples: Agreement for Purchase and Sale (American Realty Capital Global Trust, Inc.)

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