Common use of Prorations and Deposits Clause in Contracts

Prorations and Deposits. The following shall be apportioned as of 12:01 a.m. on the Closing Date, with Buyer being credited or charged, as the case may be, with the Closing Date. All prorations shall be done on the basis of a three hundred sixty-five (365) day year and the actual number of days elapsed to the Closing Date or the actual number of days in the month in which the Closing occurs and the actual number of days elapsed in such month to the Closing Date, as applicable:

Appears in 5 contracts

Samples: Purchase and Sale Agreement and Joint Escrow Instructions (Rexford Industrial Realty, Inc.), Purchase and Sale Agreement and Joint Escrow Instructions, Purchase and Sale Agreement and Joint Escrow Instructions

AutoNDA by SimpleDocs

Prorations and Deposits. The following shall be apportioned as of 12:01 a.m. on the Closing Date, with the Buyer being credited or charged, as the case may be, with the Closing Date. All prorations shall be done on the basis of a three hundred sixty-five (365) day year and the actual number of days elapsed to the Closing Date or the actual number of days in the month in which the Closing occurs and the actual number of days elapsed in such month to the Closing Date, as applicable:

Appears in 2 contracts

Samples: Purchase and Sale Agreement and Joint Escrow Instructions (Cole Corporate Income Trust, Inc.), Purchase and Sale Agreement and Joint Escrow Instructions (Cole Corporate Income Trust, Inc.)

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