Prorations Date definition

Prorations Date means the day prior to the Closing Date.

Prorations Date. [Insert Date immediately prior to Closing Date.]

Prorations Date means the day prior to the Closing Date. (z) "Purchase Price" shall mean Thirteen Million Six Hundred Fifty Thousand and No/100 U.S. Dollars ($13,650,000.00). (aa) "Real Property" shall mean the Land together with Seller's interest in the buildings and other improvements and fixtures located thereon, together with all rights of ways, ingress and egress, easements, rights, privileges, hereditaments and appurtenances thereto or in any way appertaining thereto. (bb) "Receiver" shall mean Xxxx Xxxxxxxxx individually. (cc) "Receivership Order" shall mean the Order Appointing Receiver entered by the Court on July 2, 2009. (dd) "Service Contracts" shall mean any and all service, maintenance, supply, operating, or employment contracts or other agreements, however termed, written or oral, affecting the use, ownership, maintenance, or operation of all or any part of the Property (but specifically excluding any Leases and any management agreements). (ee) "State" shall mean the State of California. (ff) "Tenants" shall mean those persons or entities holding rights of tenants under Leases. (gg) "Title Commitment" shall mean the commitment for issuance of an owner's title insurance policy issued by the Title Company in favor of Buyer in the full amount of the Purchase Price. (hh) "Title Company" shall mean First American Title Insurance Company at its office located at 000 XX Xxxx 000, Xxxxx 000, Xxx Xxxxxxx, Xxxxx 00000, Contact Person - Xxxxx Xxxxx, Vice President/Manager, National Commercial Services, Telephone Number 000-000-0000, Facsimile Number 000-000-0000, Email Address xxxxxxx@xxxxxxx.xxx. 1.2

Examples of Prorations Date in a sentence

• Electric, water, sewer, gas, fuel, waste collection and removal and other utility and operating expenses relating to the Property shall be prorated as of the Prorations Date.

• All revenues and expenses shall be prorated as of the Prorations Date.

• Except as otherwise provided in this Section, all adjustments and prorations to the Purchase Price payable at Closing shall be computed as of the Prorations Date.

• Other assessments not included on the regular property tax bills, license fees for transferred licenses, and state or municipal fees and taxes for the Property for the applicable fiscal period during which Closing takes place shall be adjusted as of the Prorations Date on the basis of the most recent ascertainable assessments and rates, and shall be re-prorated as necessary pursuant to subparagraph (f) below.

• Seller shall be entitled to receive all revenues and shall be charged with all expenses relating to the ownership and operation of the Property through the Prorations Date, and to the extent any revenues for the month of Closing are not collected prior to the Prorations Date, Seller shall be entitled to a credit for same at Closing.

• Except as otherwise provided in this Section, all adjustments and prorations to the Purchase Price payable at Closing shall be computed as of the end of the Prorations Date.

• Seller shall be entitled to receive all revenues and shall be charged with all expenses relating to the ownership and operation of the Property through the Prorations Date.

• Notwithstanding the foregoing, to the extent possible, Seller and Buyer shall request the utility companies to read the meters as of the Prorations Date, and Seller shall be responsible for all charges incurred through the Prorations Date.

• Other assessments not included on the regular property tax bills, license fees for transferred licenses, and state or municipal fees and taxes for the Property for the applicable fiscal period during which Closing takes place shall be adjusted as of the Prorations Date on the basis of the most recent ascertainable assessments and rates.

• Taxes and assessments for the year of Closing shall be prorated as of the Prorations Date upon the amount of such taxes for the year of Closing if the amount of such taxes is known at the time of Closing; if such amount cannot be then ascertained, proration shall be based upon the amount of the taxes, with the maximum discount allowed by law, if any, for the preceding year.

More Definitions of Prorations Date

Prorations Date shall have the meaning given such term in Section 5.4.

Prorations Date means March 1, 2010, the date as of which all Prorations shall be calculated, as more particularly set forth in this Agreement.

Prorations Date has the meaning set forth in Section 4.1.

Prorations Date means 11:59 p.m. local time (i.e., the time zone in which the Property is located) the day prior to the Closing Date.