Examples of Proration Time in a sentence

Existing Members shall receive a credit at Closing for all xxxxx cash funds and cash in the Hotel’s house banks at 100% of face value at the Closing Proration Time.
Any insurance coverage on such vehicle placed by RHCSC Social Circle will be cancelled as of the Proration Time and will thereafter be the responsibility of Operations Buyer.
All other operating expenses of the Property, including payments due or owing under any Contracts in effect at Closing and any fees as to which periodic payments are made for applicable licenses and permits, if any, shall be prorated as of the Closing Proration Time, except that no premiums for insurance policies paid as of the Closing Date shall be prorated, and Existing Members shall be entitled to any refunds of any such premiums for such policies.
Final readings and final xxxxxxxx for utilities, to the extent not paid directly by the Tenant, will be made if possible as of the Proration Time, in which event no proration will be made at Closing with respect to utility bills.
Existing Members and Investor shall receive a credit at Closing for advance payments and deposits, if any, under Bookings to the extent the Bookings relate to a period after the Closing Proration Time in proportion with their respective Pro Rata Shares.

More Definitions of Proration Time

Proration Time means 12:01 a.m. Mountain Time on the Closing Date.

Proration Time means 12:01 a.m. Eastern Time on the Closing Date.

Proration Time shall have the meaning set forth in SECTION 4.1(a).

Proration Time has the meaning set forth in Section 10.1(h).

Proration Time has the meaning set forth in Section 3.2.

Proration Time shall have the meaning set forth in Section 26.04.

Proration Time means 11:59 p.m. on the date immediately preceding the Closing Date, with the effect that the Closing Date shall be a date of income and expense to Tenant. Real estate taxes for the fiscal year in which Closing occurs, if any such taxes are levied, shall be prorated on a per diem basis as of the Closing Date. Preliminary estimated Closing prorations shall be set forth on a preliminary closing statement to be prepared by Landlord and submitted to Tenant for Tenant’s approval prior to the Closing Date (the "Closing Statement"). The Closing Statement, once agreed upon, shall be signed by Tenant and Landlord. The preliminary proration shall be paid at Closing by Tenant to Landlord (if the preliminary prorations result in a net credit to Landlord) or by Landlord to Tenant (if the preliminary prorations result in a net credit to Tenant) by increasing or reducing the cash to be delivered by Tenant pursuant to this Agreement at the Closing.