Apportionments at Closing Sample Clauses

Apportionments at Closing. The following are to be apportioned at closing based on a thirty (30) day month and three hundred sixty (360) day year and in accordance with local customs: taxes, fuel oil, water/sewer charges.
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Apportionments at Closing. The Parties shall pro-rate the following as of 11:59 p.m. on the day immediately preceding the respective Closing Date (the “Apportionment Date”) on the basis of the actual number of days of the month which shall have elapsed as of the Closing Date and based upon the actual number of days in the month and a 365-day year:‌
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Apportionments at Closing. Section 13.01 The following apportionments shall be made between the parties at the Closing as of the close of business on the day prior to the Closing Date with respect to each Property:
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Apportionments at Closing. 7.01. All items customarily apportioned at a closing of title including, without limitation, real estate taxes, sewer assessments and sewer use charges and water charges shall be apportioned as of 11:59 p.m. of the day immediately preceding the closing Date.
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Apportionments at Closing. The Parties shall prorate the following as of 11:59 p.m. on the day immediately preceding the Closing Date on the basis of the actual number of days of the month which shall have elapsed as of the Closing Date and based upon the actual number of days in the month and a 366-day year: (a) Rent and any other amounts due under the Ground Lease; (b) Property Taxes, in accordance with the terms of Section 12.02 below; (c) All water, sewer, electric, natural gas, telephone and other utility charges based on the last ascertainable xxxx unless meter readings are made as of the Closing Date; (d) Any charges or fees for transferable Licenses and Permits for the Property; and (e) Payments under any Assumed Contracts which Purchaser has agreed to assume at the Closing. 24
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Apportionments at Closing. The real estate taxes are to be apportioned as of midnight on the day preceding the Closing.
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Apportionments at Closing. A. The payment of all realty transfer taxes shall be the obligation of Seller and shall be paid at Closing.
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Apportionments at Closing. The following apportionments and prorations shall be computed as of the Closing Date. All such items, to the extent they cannot be precisely determined at Closing, shall be estimated at Closing shall be resolved no later than thirty (30) days after the Closing Date. The Cash Purchase Price shall be adjusted as follows:
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Apportionments at Closing 
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Related to Apportionments at Closing

  • Apportionments 12.01. The following apportionments shall be made between the parties at the Closing as of the close of business on the day prior to the Closing Date:

  • Prorations The following shall be prorated between Buyer and Seller as of 11:59 p.m. local time of the day immediately preceding the Closing Date, on the basis of the actual number of days elapsed during the month in which the Closing occurs: general and special county and city real property taxes and special assessments (collectively, "Taxes") for the tax period then in effect and insurance premiums (but only if Buyer is assuming Seller's insurance policy or policies). Proration of Taxes shall be based on the most recent official tax bills or notice of valuation available for the fiscal year in which the Closing occurs, with due allowance to be made for the maximum available discount or other exemptions to the extent permissible for said year, and to the extent the tax bills do not accurately reflect the actual Taxes assessed against the Property (or any portion of the Property) and allocable either to the period before the Closing or to the period after the Closing, then Buyer and Seller shall adjust the actual Taxes between Buyer and Seller, outside of Escrow, as soon as reasonably possible following the Closing. In addition to the foregoing apportionments, Seller shall receive all rents and other income accrued, and shall pay all other expenses accrued or incurred, in connection with the ownership or operation of Property before the Closing Date, and Buyer shall receive all rents and other income accruing, and shall pay all other expenses accrued or incurred, in connection with the ownership or operation of Property on or after the Closing Date, all of which rents, other income and expenses shall be prorated as of the Closing. Rents and other income, if any, collected by Buyer after the Closing shall be applied first to any amounts due to Buyer and then, to the extent such rents or other income relate to the period ending on or before the Closing, such rents or other income shall be paid to Seller within ten (10) days after end of the month in which such amounts were collected. Buyer shall incur no obligation to Seller for Buyer's failure to collect such rentals or other income. All security and any other refundable deposits paid by tenants to Seller pursuant to tenant leases shall be delivered by certified funds to Buyer at the Closing or, at Seller's option, credited to Buyer against the cash portion of the Purchase Price at the Closing. Escrow Holder shall not be concerned with any prorations that are to be made after the Closing pursuant to this Agreement.

  • Cash at Closing At Closing, Purchaser shall pay to Seller, by wire transferred current federal funds, an amount equal to the Purchase Price, minus the sum of the Xxxxxxx Money which Seller receives at Closing from the Escrowee, and plus or minus, as the case may require, the closing prorations and adjustments to be made pursuant to Section 4(C) below.

  • Adjustments and Prorations The following adjustments and prorations shall be made at Closing:

  • Apportionment Taxes and all other periodic realty costs, if any, shall be apportioned pro rata as of the Closing Date. All taxes shall be considered to be on a calendar year basis, with the exception of school taxes, which will be pro-rated on a fiscal year basis. Seller will pay for all days up to and including the Closing Date, and Purchaser will pay for all days following the Closing Date.

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