Adjustments at Closing. The Buyer and Seller agree to adjust the following expenses as of the closing date: rents, municipal water charges, sewer charges, taxes, interest on any mortgage to be assumed and insurance premiums. If the property is heated by fuel oil, the Buyer will buy the fuel oil in the tank at the closing date. The price will be the current price at that time as calculated by the supplier. The Buyer or the Seller may require that any person with a claim or right affecting the property be paid off from the proceeds of this sale.
Adjustments at Closing. Notwithstanding anything to the contrary contained in this Contract or applicable law, the provisions of this Section 8.3 shall survive the Closing. All income and obligations attributable to days preceding the Closing Date shall be allocated to Seller, and all income and obligations attributable to days from and after the Closing Date shall be allocated to Buyer. Without limitation upon the foregoing, the following items shall be adjusted or prorated between Seller and Buyer as set forth below:
Adjustments at Closing. Taxes, Rents and any other municipal liens are to be apportioned as of the Closing Date.
Adjustments at Closing. With respect to the Property, the following shall be adjusted and pro-rated between the Surviving Partnership and the Merged Partnership on the Effective Date as if the Surviving Partnership was the owner of the Property as of midnight of the night preceding the Effective Date and shall be paid in cash at Closing:
Adjustments at Closing. On the Closing Date, Buyer and Seller shall apportion, adjust, prorate and pay the following items in the manner hereinafter set forth:
Adjustments at Closing. In addition, Buyer and Seller shall make the following adjustment at closing:
Adjustments at Closing. The following shall be adjusted and prorated between Home Properties and the Partnership at Closing as if Home Properties was the owner of the Property as of the Closing Date (the Closing Date being a day of income and expense to Home Properties). All such adjustments and prorations between Home Properties and the Partnership shall be settled in cash and shall not increase or decrease the Consideration, as the case may be.
Adjustments at Closing. The following shall be adjusted and prorated between the parties at Closing as if the Buyer was the owner of the Property as of midnight of the night preceding the Closing Date: A current fiscal year real estate taxes, B water charges, C sewer charges, D fuel, E electricity, F all rentals and security deposits (including interest thereon) pursuant to the leases, G charges under the Service Contracts, H laundry income; I interest on the Existing Loan and any reserves required under the Existing Loan; J any other charges incurred with respect to the Property which Seller is obligated to pay; and
Adjustments at Closing. At the time of closing and delivery of deed, taxes, water and sewer charges, if applicable, shall be adjusted between Seller and Purchaser as of the closing date with charges for the day of closing attributable to the Seller. Seller shall bear the expense of payment of the realty transfer fee. Real estate taxes shall be apportioned on the basis of the calendar year for which assessed, except that if the closing date shall occur before the final tax rate is fixed, the apportionment of taxes shall be tentative, based upon the parties' best knowledge of the current year's assessments. At such time as the full year's taxes are known, the parties shall thereafter adjust as of the date of closing based upon the full year's taxes. Seller shall pay all roll-back taxes relating to farmland assessment whenever such assessment may be imposed by the taxing authority. The obligations of this paragraph with regard to any adjustments or payments subsequent to closing for real property taxes shall survive closing.
Adjustments at Closing. Adjustments shall be made at the time of closing for all operating expenses including, but not limited to, rent and rent deposits, prepaid interest, insurance premiums, utility charges and deposits, maintenance charges and taxes, payroll, and payroll taxes.
