Examples of Adjustment Closing Date in a sentence
Except for delinquent rent, all rent under leases and other income attributable to a Property shall be apportioned on a per diem basis as of midnight on the date immediately preceding the Adjustment Closing Date.
The transfer of any Relevant Adjustment Shares is not subject to any rights of first refusal, or if any such rights of first refusal exist, waiver of such rights has been obtained or will be obtained prior to the Adjustment Closing Date from the holders thereof.
The parties acknowledge that not all invoices for expenses incurred with respect to the Properties prior to the Adjustment Closing Date will be received by the Closing and that a mechanism needs to be in place so that such invoices can be paid as received.
The parties acknowledge that, irrespective of the fact that the Closing may take place substantially later than the Adjustment Closing Date, the adjustment of all income, revenues, costs, expenses and expenditures shall be made as of the Adjustment Closing Date.
All of the prorations referred to above will be done on an interim basis at the Closing and will be subject to final adjustment in accordance with the provisions hereof within 90 days or such other agreed upon period of time following Adjustment Closing Date (the "Post-Closing Adjustment Period").
The net income between the Adjustment Closing Date and the Closing shall be treated as fee income to the Operating Partnership in the nature of asset management fees for the Properties.
All real estate taxes, charges and assessments affecting a Property, all charges for water, sewer, electricity, gas and all other utilities and operating expenses with respect to a Property, to the extent not paid or payable by tenants under the Leases (as defined in Section 6.2 below and as described on Schedule 6.2A attached hereto), shall be apportioned on a per diem basis as of midnight on the date immediately preceding the Adjustment Closing Date.
All accounts receivable, notes, cash and bank accounts of the Constituent Parties existing as of the Adjustment Closing Date and relating to the Properties shall be transferred at Closing to the Operating Partnership.
The Post-Closing Adjustment shall take place on the first business day falling next after the expiration of ten (10) days following the date on which the Company files its 1997 Annual Statement with the Tennessee Insurance Division, referred to herein as the "Post-Closing Adjustment Closing Date." The Adjusting Transfer Amount shall bear interest at the rate of 10% per annum, compounded annually, beginning on the Post-Closing Adjustment Closing Date until paid.
Within 10 days of receipt of such copy, each of the Contributors shall pay to Carolina their pro rata share of an amount equal to the portion of such invoice attributable to the period ending as of midnight on the date immediately preceding the Adjustment Closing Date apportioned on a per diem basis.