Allocation of Revenues and Expenses. All Company Revenues and Company Expenses shall be allocated among the Members in proportion to their respective Units.
Allocation of Revenues and Expenses. Notwithstanding anything contained in this Agreement to the contrary, all current property taxes with respect to each of the Railcars that are due shall be prorated between the Seller and Assignor as of the Closing Date.
Allocation of Revenues and Expenses. The parties agree to make appropriate adjustments and take further action so that Seller receives all proceeds, receipts, credits and income attributable to the Property for all periods of time prior to the Effective Time, and so that Buyer receives all proceeds, receipts, credits and income attributable to the Property for all periods of time from and after the Effective Time. All costs, expenses, disbursements, taxes and obligations attributable to the Property for all periods of time prior to the Effective Time shall be the responsibility of Seller, and all costs, expenses, disbursements, taxes and obligations attributable to the Property for all periods of time from and after the Effective Time shall be the responsibility of Buyer. After the Closing, the parties will cooperate to have all proceeds received attributable to the Property be paid to the proper party hereunder and to have all expenditures to be made with respect to the Property be made by the proper party hereunder.
Allocation of Revenues and Expenses. A. All revenues, receipts and income derived from the operation of the sewer system portion of the Utility System shall be allocated to Hildale City as the owner of the system to the extent permitted by Arizona law for any portion of the sewer system located in Arizona.
Allocation of Revenues and Expenses. (a) ALLOCATION OF REVENUES AND EXPENSES PRIOR TO EFFECTIVE DATE. Seller shall receive all proceeds from the sale of Production physically produced prior to the Effective Date, and Seller shall be entitled to receive all other revenues and benefits attributable to the Properties accruing or relating to all periods before the Effective Date. Seller alone shall bear and be solely responsible for all expenses incurred with respect to the Properties relating to periods before the Effective Date. PURCHASE AND SALE AGREEMENT BUYER SELLER
Allocation of Revenues and Expenses. Provided that the Final Closing occurs, appropriate adjustments shall be made between Xxxxxxxxx West II and Xxxxxxxxx West so that Xxxxxxxxx West II will receive all proceeds from sales of hydrocarbons that are produced and saved from the Assets from and after the Final Closing and any other revenues arising out of the ownership or operation of the Assets from and after the Final Closing and Xxxxxxxxx West will receive all proceeds from sales of hydrocarbons that are produced and saved from the Assets prior to the Final Closing and any other revenues arising out of the ownership or operation of the Assets prior to the Final Closing. Likewise, provided that the Final Closing occurs, appropriate adjustments shall be made between Xxxxxxxxx West II and Xxxxxxxxx West so that Xxxxxxxxx West II will be responsible for all costs and expenses associated with the Assets from and after the Final Closing and Xxxxxxxxx West will be responsible for all costs and expenses associated with the Assets prior to the Final Closing.
Allocation of Revenues and Expenses. Each of Enbridge and Williston acknowledges and agrees that all revenues, trade payables and other similar expenses of the Company and its Subsidiaries prior to the Sandpiper Project In-Service Date (other than with respect to the Sandpiper Project or the Sandpiper Facilities) shall belong to and shall be borne by Enbridge. In furtherance of the foregoing, Enbridge and Williston acknowledge and agree that notwithstanding anything to the contrary herein:
Allocation of Revenues and Expenses. Ad valorem taxes of the Project, all expenses of the Project and all rents and other revenue derived from the ownership, use, leasing, and operation of the Project shall be allocated and paid as between Borrower and Lender and as between Borrower and Lender in the following manner:
Allocation of Revenues and Expenses. From and after Closing, Buyer shall be responsible for the payment of all normal operating costs and expenses attributable to the Oil and Gas Properties on and after the Effective Date. All costs and expenses attributable to the Oil and Gas Properties prior to the Effective Date shall be the obligation of Seller, and Seller shall promptly pay the same. Seller shall promptly pay to Buyer any revenues received by Seller that are attributable to the Oil and Gas Properties on and after the Effective Date. Buyer shall promptly pay to Seller any revenues received by Buyer that are attributable to the Oil and Gas Properties prior to the Effective Date.
Allocation of Revenues and Expenses. In order to properly reflect operations by Employee the parties agree as follows:
