Common use of Proration of Expenses Clause in Contracts

Proration of Expenses. All accrued expenses associated with the Leased Real Estate included in the Purchased Assets, such as rents and other charges under the Lease Agreement, electricity, gas, water, sewer, telephone, property taxes, security services and similar items, shall be prorated between Buyer and Seller as of the Closing Date. Buyer and Seller shall settle such amounts within 30 days after Closing.

Proration of Expenses. All accrued expenses associated with the Leased Real Estate included in the Purchased Assets, such as rents and other charges under the Closter Lease Agreementand the Tenant Leases, electricity, gas, water, sewer, telephone, property taxes, security services and similar items, shall be prorated between Buyer Buyers and Seller as of the Closing Date. Buyer Buyers and Seller shall settle such amounts within 30 days after Closing.