Common use of Proration Clause in Contracts

Proration. (a) The Buyer and the Seller agree that all of the items normally prorated, including those listed below, relating to the business and operation of the Purchased Assets will be prorated as of the Closing Date, with the Seller liable to the extent such items relate to any time period through the Closing Date, and the Buyer liable to the extent such items relate to periods subsequent to the Closing Date:

Appears in 4 contracts

Samples: Asset Sales Agreement (Orion Power Holdings Inc), Asset Sales Agreement (Somerset Power LLC), Asset Sales Agreement (NRG Energy Inc)

AutoNDA by SimpleDocs

Proration. (a) The Buyer and the Seller agree that all of the --------- items normally prorated, including those listed below, relating to the business and operation of the Purchased Assets will shall be prorated as of the Closing Date, with the Seller liable to the extent such items relate to any time period through the Closing Date, and the Buyer liable to the extent such items relate to periods subsequent to the Closing Date:

Appears in 4 contracts

Samples: Asset Sale Agreement (Sierra Pacific Power Co), Asset Sale Agreement (Sierra Pacific Power Co), Asset Sale Agreement (Sierra Pacific Power Co)

Proration. (a) The Buyer and the Seller agree that all of the items normally prorated, including those listed below, relating to the business and operation of the Purchased Assets will be prorated as of the Closing Date, with the Seller liable to the extent such items relate to any time period through the Closing Date, and the Buyer liable to the extent such items relate to periods subsequent to the Closing Date:

Appears in 3 contracts

Samples: Asset Sale Agreement (Commonwealth Energy System), Asset Sale Agreement (Canal Electric Co), Asset Sale Agreement (Cambridge Electric Light Co)

Proration. (a) The Buyer and the Seller Sellers agree that all of the items normally prorated, including those listed below, relating to the business and operation of the Purchased Assets will be prorated as of the Closing Date, with the Seller Sellers liable to the extent such items relate to any time period through the Closing Date, and the Buyer liable to the extent such items relate to periods subsequent to the Closing Date:

Appears in 3 contracts

Samples: Asset Purchase Agreement (New England Electric System), Asset Purchase Agreement (Pg&e Corp), Orange & Rockland Utilities Inc

Proration. (a) The Buyer and the Seller agree that all of the items normally prorated, including those listed below, relating to the business and operation of the Purchased Assets will shall be prorated as of the Closing Date, with the Seller liable to the extent such items relate to any time period through the Closing Date, and the Buyer liable to the extent such items relate to periods subsequent to the Closing Date:

Appears in 2 contracts

Samples: Asset Purchase Agreement (Cincinnati Gas & Electric Co), Asset Purchase Agreement (Cincinnati Gas & Electric Co)

Proration. (a) The Buyer Purchaser and the Seller agree that that, except as otherwise set forth in this Agreement, all of the items normally prorated, including those listed below, relating to the business Business and operation of the Purchased Assets will shall be prorated as of the effective time of the Closing on the Closing Date, with the Seller liable to the extent such items relate to any time period through the effective time of the Closing on the Closing Date, and the Buyer Purchaser liable to the extent such items relate to periods any time period subsequent to the effective time of the Closing on the Closing Date:

Appears in 2 contracts

Samples: Asset Purchase Agreement (PPL Electric Utilities Corp), Asset Purchase Agreement (Pinnacle West Capital Corp)

Proration. (a) The Buyer and the Seller agree that all of the items normally prorated, including but not limited to those listed below, relating to the business and operation of the Purchased Assets will be prorated as of the Closing Date, with the Seller liable to the extent such items relate to any time period through the Closing Date, and the Buyer liable to the extent such items relate to periods subsequent to the Closing Date:

Appears in 1 contract

Samples: Asset Purchase Agreement (Orion Power Holdings Inc)

Proration. (a) The Buyer and the Seller Sellers agree that all of the items normally prorated, including those listed below, relating to the business and operation of the Purchased Assets will be prorated as of the Closing Date, with the Seller Sellers liable to the extent such items relate to any time period through prior to and on the Closing Date, and the Buyer liable to the extent such items relate to periods subsequent to the Closing Date:

Appears in 1 contract

Samples: Asset Purchase Agreement (Wisconsin Public Service Corp)

Proration. (a) The Buyer Purchaser and the Seller Sellers agree that all of the following items normally prorated, including those listed below, relating to the business and operation of the Purchased Assets will shall be prorated as of the Closing Date, with the Seller Sellers liable to the extent such items relate to any time period through the Closing Date, and the Buyer Purchaser liable to the extent such items relate to periods subsequent to commencing after the Closing Date:Date (measured in the same units used to compute the item in question, otherwise measured by calendar days):

Appears in 1 contract

Samples: Purchase Agreement (Pinnacle West Capital Corp)

Proration. (a) The Buyer and the Seller agree that all of the items normally prorated, including those listed below, relating to the business and operation of the Purchased Assets will be prorated as of the Closing Date, with the Seller liable to the extent such items relate to any time period through the Closing Date, and the Buyer liable to the extent such items relate to periods subsequent to the Closing Date:

Appears in 1 contract

Samples: Orange & Rockland Utilities Inc

Proration. (a) The Buyer and the Seller agree that all of the items normally prorated, including those listed below, relating to the business and operation of the Purchased Assets will shall be prorated as of the Closing Date, with the Seller liable to the extent such items relate to any time period through the Closing Date, and the Buyer liable to the extent such items relate to periods subsequent to the Closing Date:

Appears in 1 contract

Samples: Asset Sale Agreement (Wisconsin Public Service Corp)

AutoNDA by SimpleDocs

Proration. (a) The Buyer and the Seller agree that all All of the items normally prorated, including those listed below, relating to the business Business and operation of the Purchased Transferred Assets will shall be prorated as of the Closing Date, with the Seller liable to the extent such items relate to any time period through prior to the Closing Date, and the Buyer liable to the extent such items relate to periods subsequent to on and after the Closing Date:

Appears in 1 contract

Samples: Asset Purchase and Sale Agreement

Proration. (a) The Buyer and the Seller agree that all of the items normally prorated, including those listed below, relating to the business and operation of the Purchased Assets Asset will be prorated as of the Closing Date, with the Seller liable to the extent such items relate to any time period through the Closing Date, and the Buyer liable to the extent such items relate to periods subsequent to the Closing Date:

Appears in 1 contract

Samples: Orange & Rockland Utilities Inc

Proration. (a) The Buyer and the Seller agree that all of the items normally prorated, including those listed below, relating to the business and operation of Business or the Purchased Assets will be prorated as of the Closing Date, with the Seller liable to the extent such items relate to any time period through the Closing Date, and the Buyer liable to the extent such items relate to periods subsequent to the Closing Date:

Appears in 1 contract

Samples: Asset Purchase Agreement (Indiana Energy Inc)

Proration. (a) The Buyer and the Seller agree that all of the --------- items normally prorated, including those listed below, relating to the business and operation of the Purchased Assets will shall be prorated as of the Closing Date or the Effective Date, as the case may be, with the Seller liable to the extent such items relate to any time period through the Closing Date or the Effective Date, and the Buyer liable to the extent such items relate to periods subsequent to the Closing Date or the Effective Date:

Appears in 1 contract

Samples: Asset Sale Agreement (Sierra Pacific Power Co)

Proration. (a) The Buyer Buyers and the Seller Parties agree that all of the those items normally prorated, including those listed below, relating to the business and operation of extent they relate to the Purchased Assets Acquired Assets, will be prorated as of the Closing Date, with the Seller Parties liable to the extent such items relate to any time period through the Closing Date, and the Buyer Buyers liable to the extent such items relate to periods subsequent to the Closing Date:

Appears in 1 contract

Samples: Asset Purchase Agreement (Cincinnati Gas & Electric Co)

Proration. (a) The Buyer and the Seller Sellers agree that all of the items normally prorated, including those listed below, relating to the business and operation of the Purchased Assets will be prorated as of the Closing Date, with the Seller Sellers liable with respect to Purchased Assets being sold by them to the extent such items relate to any time period through the Closing Date, and the Buyer liable to the extent such items relate to periods subsequent to the Closing Date with, to the extent practicable, a cash settlement on the Closing Date:

Appears in 1 contract

Samples: Asset Purchase Agreement (Pp&l Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.