Common use of Adjustments at Closing Clause in Contracts

Adjustments at Closing. With respect to the Property, the following shall be adjusted and pro-rated between the Surviving Partnership and the Merged Partnership on the Effective Date as if the Surviving Partnership was the owner of the Property as of midnight of the night preceding the Effective Date and shall be paid in cash at Closing: A. current fiscal year real estate taxes; B. water and sewer rents and charges;

Appears in 4 contracts

Samples: Merger Agreement (Home Properties of New York Inc), Merger Agreement (Home Properties of New York Inc), Merger Agreement (Home Properties of New York Inc)

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Adjustments at Closing. With respect to the Property, the following shall be adjusted and pro-rated between the Surviving Partnership and the Merged Partnership on the Effective Date as if the Surviving Partnership was the owner of the Property as of midnight of the night preceding the Effective Date and shall be paid in cash at Closing: A. current fiscal year real estate taxes; B. water and sewer rents and charges; C. INTENTIONALLY OMITTED D. fuel;

Appears in 1 contract

Samples: Merger Agreement (Home Properties of New York Inc)

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Adjustments at Closing. With respect to the Property, the following shall be adjusted and pro-rated between the Surviving Partnership and the Merged Partnership on the Effective Date as if the Surviving Partnership was the owner of the Property as of midnight of the night preceding the Effective Date and shall be paid in cash at Closing: A. current fiscal year real estate taxes; B. water and sewer rents and charges;; C. INTENTIONALLY OMITTED

Appears in 1 contract

Samples: Merger Agreement (Home Properties of New York Inc)

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