Proration Schedule Sample Clauses
A Proration Schedule clause defines how certain payments, expenses, or benefits are divided between parties based on the proportion of time or usage within a specified period. In practice, this clause is commonly used in real estate transactions to allocate property taxes, rent, or utility costs so that each party pays only for the portion of the period during which they held ownership or responsibility. By establishing a clear method for dividing these costs, the clause ensures fairness and prevents disputes over financial obligations that span the transition between parties.
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Proration Schedule. Fifteen percent (15%) of the annual service charge for each month or part of a month the Agreement is in force, or the actual services rendered, whichever is higher, will be retained by Xxxxxxx Xxxxxxx in case this Agreement is cancelled prior to its expiration date; any balance will be returned to Customer. If Preventive Maintenance is completed, a minimum of 50% will be retained.
Proration Schedule. Seller shall prepare a proposed proration schedule for the Property (the "Proration Schedule") and deliver it to Purchaser at least two (2) business days prior to the Closing Date, including the items specified below and any other items the parties determine necessary.
Proration Schedule. Fifteen percent (15%) of the annual service charge for each month or part of a month the Agreement is in force, or the actual services rendered, whichever is higher, will be retained by Xxxxxxx Xxxxxxx in case this Agreement is cancelled prior to its expiration date; any balance will be returned to Customer. If Preventive Maintenance is completed, a minimum of 50% will be retained. UHTXLUH DFFHVV WR DQ\ 3HUVRQDO16 . 'GoDodWsDan d ServLicQeFs TOaXx GLQJ SDWLHQWV¶ Personal Data, at any time in performance of its obligations under the Agreement. Where applicable, in the event any data is required to remedy technical issues and/or performance of The parties agree that:
(a) all Payments have been calculated exclusive of GST; WKH (TXLSPHQW ³3HUPLWWHG 3XUSR(bV) HifVan´y Pa ym eWntKisHco ns&idXerVatiWonRfoPr aHTUax abDleJSUupHplHy fVor that prior to providing or granting access to such data to Xxxxxxx Xxxxxxx, the Customer shall be responsible to ensure all Personal Data in such data, if any, are De-Identified and Coded to ensure that the identity of the individual to whom the data pertains is not identifiable to and is not traceable by which the supplier is liable to GST, the recipient must pay the GST Amount to the Supplier, concurrently with the relevant Payment unless otherwise agreed in writing;
Proration Schedule. At least ( ) Business Days prior to the Closing Date, Escrow Holder shall deliver to the TAR Purchaser Representatives and the Waisterisk Seller Representatives a proforma closing statement for approval by the TAR Purchaser Representatives and the Waisterisk Seller Representatives (such statement, when approved by the TAR Purchaser Representatives and the Waisterisk Seller Representatives, being herein referred to as the “Proration Schedule”). Such prorations, if and to the extent known and agreed upon as of the Close of Escrow, shall be paid by the Post-Closing Project Entities to the Pre- Closing Project Entities (if the prorations result in a net credit to the Pre-Closing Project Entities) or by the Pre-Closing Project Entities to the Post-Closing Project Entities (if the prorations result in a net credit to the Post-Closing Project Entities) by increasing or reducing the cash to be paid by the TAR Purchasers at the Close of Escrow (with the Waisterisk Sellers and/or the TAR Purchasers, as applicable, paying such amounts as shall be appropriate to effectuate the foregoing debits and credits). Any prorations not determined or not agreed upon or provided for on an estimated basis as of the Close of Escrow shall be paid by the Post-Closing Project Entities to the Pre-Closing Project Entities, or by the Pre-Closing Project Entities to the Post-Closing Project Entities, as the case may be, in cash as soon as practicable following the Close of Escrow and the determination of the actual amounts due. The foregoing obligations of the Waisterisk Sellers and the TAR Purchasers with respect to prorations under this Agreement shall survive for a period of ( ) months after the Close of Escrow. In addition, if any errors or omissions are made regarding adjustments and prorations as aforesaid, the parties shall make the appropriate corrections promptly upon the discovery thereof, provided that the parties entitled to the correction make a written request for such correction to the other parties (accompanied by reasonably detailed information which substantiates the error) within ( ) months after the Close of Escrow. Notwithstanding the foregoing,
(i) any adjustment required with respect to Supplemental Taxes shall be made pursuant to Section 10.1(a) above without regard to the time limitations contained in this Section, (ii) any amounts due or adjustments required pursuant to Sections 10.1(b) and 10.2(a) above shall be made without regard to the time limitations contai...
Proration Schedule. No later than seven (7) Business Days prior to each Closing Date, the Parties shall jointly prepare a proration schedule setting forth the Allocated Purchase Price amounts, prorations, closing costs and any other credits and adjustments to be made at such Closing on an aggregate basis and, if desired by either Party, with Facility-specific information included therewith, which adjustments and prorations shall be reflected on the Closing Statement and, subject to Section 5.4.3, shall be final with respect to the items set forth therein. The Parties shall attempt in good faith to reconcile any differences or disputes regarding the proration schedule; provided, however, that, if the parties are unable (despite good-faith efforts) to agree upon any item on the proration schedule, then the average of each of Sellers’ and Purchaser’s good-faith estimate of any such item shall prevail for purposes of the Closing and pending any adjustment pursuant to Section 5.4.3. If a net amount is owed by Sellers to Purchaser at a Closing for the adjustments and prorations contemplated by this Agreement for such Closing, such amount shall be credited against the Purchase Price being paid at such Closing. If a net amount is owed by Purchaser to Sellers at a Closing for the adjustments and prorations contemplated by this Agreement for such Closing, such amount shall be paid to Sellers together with the Purchase Price payable at such Closing.
Proration Schedule. The parties hereto and Escrow Holder shall use their respective best efforts to prepare and distribute among them a closing prorations schedule not later than seven business (7) days before the Closing.
Proration Schedule. Schedule 2.01(h) of the Seller Disclosure Schedules sets forth a listing (the “Proration Schedule”) of certain deposits and other prepaid items, which includes certain expenses that the Seller has paid or that are required to be paid by the Seller by Law or contractual obligation in relation to the Purchased Assets or Assumed Liabilities, and which shall be prorated as of the Closing Date because they relate, in all or in part, to a period of time after the Closing Date. At Closing, the Purchaser shall pay to the Seller an amount equal to the Purchaser’s Prorated Portion, which amount is set forth on the Proration Schedule reasonably approved by the Purchaser.
Proration Schedule. Schedule 2.01(g) (the “Proration Schedule”) sets forth certain deposits and other prepaid items, which includes certain expenses that Seller or its respective Affiliates have paid or that are required to be paid by the Seller (or their applicable Affiliates) by Law or contractual obligation, and which shall be prorated as of the Effective Date. At the Closing, the Purchaser shall pay to the Seller an amount equal to the Purchaser’s Prorated Portion, which amount is set forth on the Proration Schedule. Any amounts set forth in the Proration Schedule that are owed to a Third Party that have not been paid by the Seller prior to the Closing Date will be paid by the Seller following the Closing Date and shall remain the Liability of the Seller.
Proration Schedule. Schedule 2.01(h) (the “Estimated Proration Schedule”) sets forth certain deposits, advances and other prepaid items, which includes certain expenses that Seller or its respective Affiliates have paid or that are required to be paid by the Seller (or their applicable Affiliates) by Law or contractual obligation, and which shall be prorated and estimated as of the projected Closing. [***] prior to the Closing, the Seller shall provide the Purchaser with an updated Estimated Proration Schedule, which shall be deemed the final Proration Schedule (the “Proration Schedule”), and which shall be updated and prorated as of the Closing. At the Closing, the Purchaser shall pay to the Seller an amount equal to the Purchaser’s Prorated Portion, which amount is set forth on the Proration Schedule.
Proration Schedule. No later than one (1) Business Day prior to the Closing Date, the parties shall jointly prepare a proration schedule setting forth the prorations to be made at the Closing pursuant to Section 5.4.1, which proration schedule shall be reflected on the Closing Statement and, subject to Section 5.4.3, shall be final with respect to the items set forth therein. The parties shall attempt in good faith to reconcile any differences or disputes regarding the proration schedule; provided, however, that, if the parties are unable (despite good-faith efforts) to agree upon any item on the proration schedule, then Sellers’ good-faith estimate of any such item shall prevail for purposes of the Closing and pending any adjustment pursuant to Section 5.4.3.