Amounts Not Prorated. Notwithstanding the foregoing, to the extent any items of expense relating to the Property are to be paid directly by the Leaseback Tenant under the applicable Leaseback Lease to the applicable taxing authority, service provider, utility provider or other third party (and not as a reimbursement to Buyer as landlord for expenses incurred), such items of expense will not be prorated as of the Closing, as the terms of the applicable Leaseback Lease will address the Leaseback Tenant’s payment of such expense items.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Plumas Bancorp), Purchase and Sale Agreement (Plumas Bancorp)
Amounts Not Prorated. Notwithstanding the foregoing, to the extent any items of expense relating to the Property are to be paid directly by the Leaseback Tenant under the applicable Leaseback Lease to the applicable taxing authority, service provider, utility provider or other third party (and not as a reimbursement to Buyer as landlord for expenses incurred), such items of expense will not be prorated as of the Closing, as the terms of the applicable Leaseback Lease will address the Leaseback Tenant’s payment of such expense items.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (First Northwest Bancorp), Purchase and Sale Agreement (Finward Bancorp)
