Closing Prorations definition

Closing Prorations means the prorations set forth on Exhibit [●]. An example of Closing Prorations is set forth on Exhibit [●] hereto for illustrative purposes only.
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Closing Prorations means the prorations set forth on Exhibit D.
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Closing Prorations means the prorations set forth on Exhibit D. “Closing Statement” has the meaning set forth in Section 2.08(a). “Code” means the Internal Revenue Code of 1986.
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Examples of Closing Prorations in a sentence

  • The Closing Prorations and the Purchase Price shall be recalculated using such finally determined amounts in lieu of the estimates of such amounts used in the calculation of the Purchase Price payable at Closing.

  • Closing, Prorations, Special Assessments and Warranties Transfer.

  • The Closing Prorations Statement will identify in each case the customer, landlord, vendor, or other relevant party, the aggregate amount of the revenue received or to be received or the expense paid, the amount of the revenue or expense to be allocated to Buyer and to Seller with respect to each proration, and any other information Buyer and Seller agree to.

  • Upon receipt of same, Seller will have thirty (30) days to review the Proposed Final Closing Prorations and either confirm in writing their agreement with, or dispute of, the Proposed Final Closing Prorations.

  • If the Final Closing Prorations are different from the Estimated Closing Prorations, the Buyer and the Seller shall make payments to one another as is required for each party to receive its full share of the Final Closing Prorations due to it, by wire transfer of immediately available funds as directed by the Buyer or Seller, as applicable.

  • Closing, Prorations, Special Assessments and Warranties Transfer.185 A.

  • Notwithstanding anything to the contrary stated in this Section 7.5.8, except for any Post Closing Prorations (which must be determined and paid within one (1) year after the applicable Closing or such other period as provided in this Section 7.5.8), all prorations made under this Section 7.5.8 shall be final as of the applicable Closing and shall not be subject to further adjustment (whether due to an error or for any other reason) after the applicable Closing.

  • Within sixty (60) days after the Closing Date, Buyer shall prepare and deliver to Seller a statement (the “Closing Statement”) setting forth a calculation of (i) the Accrued Leave Liability, (ii) the Upfront Payment, (iii) the Transferred Cash, (iv) the Net Book Value of Designated Excluded Assets and (v) the Closing Prorations, and (v) a recalculation of the Purchase Price, if any, based on each of the foregoing.

  • Within sixty (60) days after the Closing Date, Buyer shall prepare and deliver to Seller a statement (the “Closing Statement”) setting forth a calculation of (i) the Accrued Leave Liability, (ii) the Transferred Cash, (iii) the Net Book Value of Designated Excluded Assets and (iv) the Closing Prorations, and (v) a recalculation of the Purchase Price, if any, based on each of the foregoing.

  • The PurchasePrice : (subject to Closing Prorations as defined in shall be paid at Closing as directed by Monsanto.


More Definitions of Closing Prorations

Closing Prorations. The following items shall be prorated at closing: real estate taxes, rents, property owner's or condominium association fees and assessments and any payments due under the Collateral Contracts. Any income, taxes or expenses shall accrue to Seller, and be prorated, through the day prior to closing. Net general real estate taxes shall be prorated based on the net general real estate taxes for the current year, if known, otherwise on the net general real estate taxes for the preceding year.
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Closing Prorations. The following shall be prorated between the parties based on a 365 day year as of 11:59 p.m. of the Closing Date:
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Closing Prorations. The following items shall be prorated at closing: None. - SPECIAL ASSESSMENTS: See Addendum - FORM OF TITLE EVIDENCE: Seller shall give evidence of title by an OWNER'S policy of title insurance as further described under TITLE EVIDENCE. - CONVEYANCE OF TITLE: Upon payment of the purchase price, Seller shall convey the Property by warranty deed (or other conveyance as provided herein) free and clear of all liens and encumbrances, except: municipal and zoning ordinances and agreements entered under them, recorded easements for the distribution of utility and municipal services, recorded building and use restrictions and covenants, general taxes levied in the year of closing and None other (provided none of the foregoing prohibit present use of the Property), which constitutes merchantable title for purposes of this transaction. Xxxxxx further agrees to complete and execute the documents necessary to record the conveyance. PROPERTY IMPROVEMENT, DEVELOPMENT OR CHANGE OF USE. PROPERTY CONDITION PROVISIONS
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Related to Closing Prorations

  • Pre-Closing Statement has the meaning set forth in Section 2.4(a).

  • Estimated Closing Statement has the meaning set forth in Section 2.4(a).

  • Closing Costs means, collectively, all initial costs and fees that identified above and in Section 16 that Seller agrees to pay to Buyer as consideration for agreeing to enter into this Agreement.

  • Pre-Closing Straddle Period means the portion of a Straddle Period ending on the Closing Date.

  • Closing Statement means the Closing Statement in the form on Annex A attached hereto.

  • Closing Adjustment has the meaning set forth in Section 2.04(a)(ii).

  • Post-Closing Straddle Period means the portion of a Straddle Period beginning the day after the Closing Date.

  • Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).

  • Post-Closing Statement has the meaning set forth in Section 3.3(c).

  • Estimated Closing Working Capital has the meaning set forth in Section 2.04(a)(ii).

  • Estimated Closing Cash has the meaning set forth in Section 2.4(a).

  • Closing Period means the period between the close of business on the date of this Agreement and the Closing.

  • Draft Closing Statement means a draft closing statement, prepared by Seller, as of the close of business of the third (3rd) business day preceding the Closing Date setting forth an estimated calculation of both the Purchase Price and the Estimated Payment Amount.

  • Estimated Closing Net Working Capital has the meaning set forth in Section 2.6(a).

  • Closing Consideration shall have the meaning set forth in Section 2.1(b).

  • Closing Adjustment Amount shall have the meaning set forth in Section 2.3(b)(i)(A).

  • Final Closing Statement has the meaning set forth in Section 2.5(d).

  • Adjustment Escrow Funds means, at any time, the portion of the Adjustment Escrow Amount then remaining in the Adjustment Escrow Account.

  • Closing Cash means the amount of Cash determined as of the close of business on the Closing Date.

  • Closing Working Capital Statement has the meaning set forth in Section 2.04(b)(i).

  • Post-Closing Adjustment Amount has the meaning set forth in Section 1.9.3.

  • Closing Fees means those fees required to be paid on the Closing Date pursuant to the Fee Letter.

  • Adjustment Statement has the meaning set forth in Section 2.6(a).

  • Closing Value means, as of a particular date, the value of a Share determined by the closing sales price for such Share (or the closing bid, if no sales were reported) as quoted on The New York Stock Exchange for the last market trading day prior to the date of determination, as reported in The Wall Street Journal or such other source as the Administrator deems reliable.

  • Allocated Loss Adjustment Expenses or “ALAE” means all court costs and court expenses; pre- and post-judgement interest; fees for service of process; attorneys’ fees; cost of undercover operative and detective services, costs of employing experts; costs for legal transcripts; costs for copies of any public records; costs of depositions and court-reported or recorded statements; costs and expenses of subrogation; and any similar fee, cost or expense reasonably chargeable to the investigation, negotiation, settlement or defense of a loss or a claim or suit against you, or to the protection and perfection of your or our subrogation rights.

  • Preliminary Closing Statement has the meaning specified in Section 2.3(a)(ii).