Assumed Contracts. All Operating Expenses accruing under, arising out of or relating to any of the Assumed Contracts shall be prorated between Seller and Buyer at the Closing as of the Proration Date.
Appears in 12 contracts
Samples: Joint Escrow Instructions, Memorandum of Purchase Option (Innovative Industrial Properties Inc), Joint Escrow Instructions
Assumed Contracts. All Operating Expenses accruing under, arising out of or relating to any of the Assumed Contracts assumed by Purchaser shall be prorated between Seller and Buyer Purchaser at the Closing as of the Proration Date.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Excel Trust, Inc.), Purchase and Sale Agreement (Excel Trust, Inc.)
