Reconciliation and Final Payment. Seller and Buyer shall reasonably cooperate after Closing to make a final determination of the allocations and prorations required under this Contract within one hundred eighty (180) days after the Closing Date. Upon the final reconciliation of the allocations and prorations under this Section, the party which owes the other party any sums hereunder shall pay such party such sums within ten (10) days after the reconciliation of such sums. The obligations to calculate such prorations, make such reconciliations and pay any such sums shall survive the Closing.
Reconciliation and Final Payment. Seller and Buyer shall reasonably cooperate after Closing to make a final determination of the allocations and prorations required under this Contract within one hundred eighty (180) days after the Closing Date; provided, however, failure to make a final determination within such period shall not relieve the parties of the obligation to make a final determination nor shall it relieve any party of the obligation to pay the other any true-up amounts owed. Upon the final reconciliation of the allocations and prorations under this Section, the party which owes the other party any sums hereunder shall pay such party such sums within ten (10) days after the reconciliation of such sums. The obligations to calculate such prorations, make such reconciliations and pay any such sums shall survive the Closing.
Reconciliation and Final Payment. Seller and Purchaser shall -------------------------------- reasonably cooperate after Closing to make a final determination of the prorations required hereunder no later than 180 days after the Closing. Upon the final reconciliation of the prorations under this Section and Section 11.4, the party which owes the other party any sums hereunder shall pay such party such sums within ten (10) days after the reconciliation of such sums. It is the intent of the parties that all items herein which are subject to the prorations made pursuant to Article 11 shall result in Seller receiving all of the economic benefits and burdens of the Hotel with respect to the period prior to the Closing, and Purchaser receiving all of the economic benefits and burdens of the Hotel with respect to the period from and after the Closing Date, except for the 50/50 split in room revenues for the night prior to the Closing. The obligations to calculate such prorations, make such reconciliations and pay any such sums shall survive the Closing.
Reconciliation and Final Payment. The terms and provisions of this ARTICLE IX shall survive Closing. The amount of the prorations will be subject to adjustment in cash after the Closing outside of escrow as and when complete and accurate information becomes available, if such information is not readily available at the Closing. Each Seller and Purchaser agree to cooperate and use their best efforts to make such adjustments no later than sixty (60) days after the Closing (or with respect to taxes on the Real Property and Personal Property, promptly after the date that the actual amount of such taxes for the year of Closing is available).
Reconciliation and Final Payment. Seller and Buyer shall reasonably cooperate after Closing of each Hotel Property to make a final determination of the allocations and prorations required under this Contract within one hundred eighty (180) days after the Closing Date for such Hotel Property. Upon the final reconciliation of the allocations and prorations under this Section, the party which owes the other party any sums hereunder shall pay such party such sums within ten (10) days after the reconciliation of such sums. The obligations to calculate such prorations, make such reconciliations and pay any such sums shall survive the Closing on each Hotel Property.
Reconciliation and Final Payment. The terms and provisions of this Article 11 shall survive Closing for a period of one (1) year.
Reconciliation and Final Payment. Contributors and AEGIS shall reasonably cooperate at Closing to make a final determination of the prorations required hereunder as soon as reasonably practicable, but in no event later than ninety (90) days after the Closing Date (except with respect to any item which is not determinable within such time frame, as to which the time period shall be extended until such item is determinable). Upon the final reconciliation of the prorations and adjustments under Section 11.3, the party which owes the other party any sums hereunder shall pay such party such sums within ten (10) days after the reconciliation of such sums. It is the intent of the parties that all items herein which are subject to the prorations pursuant to Article 11 shall result in Contributors receiving all of the economic benefits and burdens of the Property with respect to the period prior to the Closing, and AEGIS receiving all of the economic benefits and burdens of the Property with respect to the period from and after the Closing Date. The obligations to calculate such prorations, make such reconciliations and pay any such sums shall survive the Closing.
Reconciliation and Final Payment. No later than 30 days after substantial completion of the Xxxxx Driveway Apron, Marana shall provide to the Patels an itemized statement of Marana’s Xxxxx Driveway Apron construction costs and a check or invoice representing the difference between Marana’s Xxxxx Driveway Apron construction costs and the Xxxxx Cash Deposit. If the Xxxxx Cash Deposit was insufficient to cover Patels’ obligations under this Agreement, the Patels shall pay Marana the balance of the Xxxxx Driveway Apron construction costs as set forth in the invoice within 30 days after the itemized statement and invoice are provided to the Patels. Any amounts unpaid after 30 days shall accrue simple interest at the rate of 10% per year until paid in full.
Reconciliation and Final Payment. A detailed closing statement shall be prepared at Closing for the Property setting forth the manner of computation of the aforesaid proration adjustments. All prorations shall be made on the basis of a 360 day year and a 30 day month. The apportionments described herein at such Closing shall be based on the actual figures to the extent available. If any of the prorations cannot be calculated based on actual figures, then they shall be calculated based on the Seller’s and Purchaser’s mutually agreed upon good faith estimates thereof. Seller and Purchaser shall cooperate in good faith and act reasonably after Closing to make a final determination of the prorations required hereunder. Ninety (90) days following the Closing for the Property (or such other time as the parties may agree), there shall be a final one-time reconciliation of the proration adjustments. Purchaser shall have a representative available at the Hotel beginning at 10 p.m. on the night prior to the Closing Date who will cooperate with Seller in calculating the apportionment discussed in this Section 10 and who will be authorized to sign the Pro-ration Schedule on behalf of Purchaser upon completion.
Reconciliation and Final Payment. A detailed closing statement shall be prepared at closing for the Property setting forth the manner of computation of the aforesaid proration adjustments. All prorations shall be made on the basis of a 360 day year and a 30 day month. The apportionments described herein at such Closing shall be based on the actual figures to the extent available. If any of the prorations cannot be calculated based on actual figures, then they shall be calculated based on the mutual good faith agreement of Seller and Purchaser. Seller and Purchaser shall cooperate in good faith and act commercially reasonable after closing to make a final determination of the prorations required hereunder. Within ninety (90) days following the Close of Escrow for the Property (or such other time as Seller and Purchaser may agree), there shall be a final one-time reconciliation of the proration adjustments other than for the reconciliation of the Plus Sixty-Day Receivables which shall be reconciled in accordance with Section 10(d) above. The provisions of this Section 10(s) shall survive the Close of Escrow. Purchaser shall have a representative available at the Hotel beginning at 10 p.m. on the night prior to the Closing Date who will cooperate with Seller in calculating the apportionment discussed in this Section 10 and who will be authorized to sign the pro-ration schedule on behalf of Purchaser upon completion.
