Common use of Adjustment of Expenses and Fees Clause in Contracts

Adjustment of Expenses and Fees. All operating expenses and fees accrued or pre-paid prior to the Closing Date, including, without limitation, rents, utility payments, and FDIC assessments, but not including those related to Taxes (except as provided in Section 8.2 below), relating to the Branches, transferred at Closing, shall be pro-rated between the parties. To the extent that Seller has paid expenses that are expenses allocable to Purchaser pursuant to this Section 2.2, such expenses shall appear as an Asset on the Preliminary Closing Statement and the Final Closing Statement. To the extent that expenses have been accrued and not paid by Seller prior to the Closing Date, they shall appear as a Liability on the Preliminary Closing Statement and the Final Closing Statement.

Adjustment of Expenses and Fees. All operating expenses and fees ------------------------------- accrued or pre-paid prior to the Closing Date, including, without limitation, rents, utility payments, and FDIC assessments, but not including those related to Taxes (except as provided in Section 8.2 below), relating to the Branches, transferred at Closing, shall be pro-rated between the parties. To the extent that Seller has paid expenses that are expenses allocable to Purchaser pursuant to this Section 2.2, such expenses shall appear as an Asset on the Preliminary Closing Statement and the Final Closing Statement. To the extent that expenses have been accrued and not paid by Seller prior to the Closing Date, they shall appear as a Liability on the Preliminary Closing Statement and the Final Closing Statement.

Adjustment of Expenses and Fees. All operating expenses and fees accrued or pre-paid prior to the Closing Date, including, without limitation, rents, utility payments, and FDIC assessments, but not including those related to Taxes (except as provided in Section 8.2 below), relating to the Branches, transferred at Closing, shall be pro-rated between the parties. To the extent that Seller has paid prepaid expenses that are expenses allocable to Purchaser pursuant to this Section 2.2, such expenses shall appear as an Asset on the Preliminary Closing Statement and the Final Closing Statement. To the extent that expenses have been accrued and not paid by Seller or prepaid by customers prior to the Closing Date, they shall appear as a Liability on the Preliminary Closing Statement and the Final Closing Statement.