Common use of Apportionment Credit Clause in Contracts

Apportionment Credit. In the event the apportionments to be made at the Closing result in a credit balance (a) to Buyer, such sum shall be paid at the Closing by giving Buyer a credit against the Purchase Price in the amount of such credit balance, or (b) to Seller, Buyer shall pay the amount thereof to Seller at the Closing by wire transfer of immediately available funds to the account or accounts to be designated by Seller for the payment of the Purchase Price.

Appears in 22 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement (Inland Real Estate Income Trust, Inc.)

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Apportionment Credit. In the event the apportionments to be made at the Closing result in a credit balance (ai) to Buyer, such sum shall be paid at the Closing by giving Buyer a credit against the Purchase Price in the amount of such credit balance, or (bii) to Seller, Buyer shall pay the amount thereof of the credit to Seller at through escrow on the Closing by wire transfer of immediately available funds in addition to the account or accounts to be designated by Seller for the payment of the Purchase Price.

Appears in 5 contracts

Samples: Real Estate Purchase and Sale Agreement (Capital Lease Funding Inc), Real Estate Purchase and Sale Agreement (Capital Lease Funding Inc), Real Estate Purchase and Sale Agreement (Capital Lease Funding Inc)

Apportionment Credit. In the event the apportionments to be made at the Closing result in a credit balance (ai) to Buyer, such sum shall be paid (at Seller's option) at the Closing by giving Buyer a credit against the Purchase Price Balance in the amount of such credit balance, or (bii) to Seller, Buyer shall pay the amount thereof to Seller at the Closing by wire transfer of immediately available funds to the account or accounts to be designated by Seller for the payment of the Purchase PriceBalance.

Appears in 4 contracts

Samples: Purchase and Sale Agreement (CBL & Associates Properties Inc), Purchase and Sale Agreement (Taubman Centers Inc), Purchase and Sale Agreement (CBL & Associates Properties Inc)

Apportionment Credit. In the event the apportionments to be made at the Closing result in a credit balance (a) to Buyer, such sum shall be paid (at Seller's option) at the Closing by giving Buyer a credit against the Purchase Price in the amount of such credit balance, or (b) to Seller, Buyer shall pay the amount thereof to Seller at the Closing by wire transfer of immediately available funds to the account or accounts to be designated by Seller for the payment of the Purchase Price.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Pennsylvania Real Estate Investment Trust), Purchase and Sale Agreement (Pennsylvania Real Estate Investment Trust)

Apportionment Credit. In the event the apportionments to be made at the Closing result in a credit balance (ai) to Buyer, such sum shall be paid (at Seller's option) at the Closing by giving Buyer a credit against the Purchase Price in the amount of such credit balance, or (bii) to Seller, Buyer shall pay the amount thereof to Seller at the Closing by wire transfer of immediately available funds to the account or accounts to be designated by Seller for the payment of the Purchase Price.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Prudential Realty Acquisition Fund Ii Lp), Purchase and Sale Agreement (Prudential Acquisition Fund I Lp)

Apportionment Credit. In the event the apportionments to be made at the Closing result in a credit balance (ai) to Buyer, such sum shall be paid at the Closing by giving Buyer a credit against the Purchase Price Balance in the amount of such credit balance, or (bii) to Seller, Buyer shall pay the amount thereof to Seller at the Closing by wire transfer of immediately available funds to the account or accounts to be designated by Seller for the payment of the Purchase PriceBalance.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Mack Cali Realty Corp), Purchase and Sale Agreement (Mack Cali Realty Corp)

Apportionment Credit. In the event the adjustments and apportionments to be made at the Closing result in a credit balance (ai) to Buyer, such sum shall be paid at the Closing by giving Buyer a credit against the Purchase Price in the amount of such credit balance, balance or (bii) to Seller, such sum shall be paid by Buyer shall pay the amount thereof to Seller at the Closing by wire transfer of immediately available federal funds to the account or accounts to be designated by Seller for the payment of the Balance of the Purchase Price.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Mercury Computer Systems Inc), Purchase and Sale Agreement (Mercury Computer Systems Inc)

Apportionment Credit. In the event the apportionments to be made at the Closing result in a credit balance (a) to Buyer, such sum shall be paid at the Closing by giving Buyer a credit against the Purchase Price in the amount of such credit balance, or (b) to Seller, Buyer shall pay the amount thereof to Seller at the Closing by wire transfer of immediately available funds to the account or accounts to be designated by Seller for the payment through Escrow as part of the Purchase PriceClosing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Adobe Systems Inc)

Apportionment Credit. In the event the apportionments to be made at the Closing result in a credit balance (a) to Buyer, such sum shall be paid at the Closing by giving Buyer a credit against the Purchase Price in the amount of such credit balance, or (b) to Seller, Buyer shall pay the amount thereof to Seller at the Closing by wire transfer of immediately available funds to the account or accounts to be designated by Seller PICA for the payment of the Purchase Price, or (b) to Buyer, Seller shall pay the amount thereof to Buyer by giving Buyer a credit against the Purchase Price in the amount of such credit balance.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Extra Space Storage Inc.)

Apportionment Credit. In the event the apportionments to be made at the Closing result in a credit balance (a) to Buyer, such sum shall be paid at the Closing by giving Buyer a credit against the Purchase Price in the amount of such credit balance, or (b) to Seller, Buyer shall pay the amount thereof to Seller at the Closing by additional wire transfer of immediately available funds to Escrow Holder along with the account or accounts to be designated by Seller for the payment balance of the Purchase Price.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Pacific Office Properties Trust, Inc.)

Apportionment Credit. In the event the apportionments to be made at the Closing result in a credit balance (ai) to Buyer, such sum shall be paid (at Seller’s option) at the Closing by giving Buyer a credit against the Purchase Price Balance in the amount of such credit balance, or (bii) to Seller, Buyer shall pay the amount thereof to Seller at the Closing by wire transfer of immediately available funds to the account or accounts to be designated by Seller for the payment of the Purchase PriceBalance.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Omni Financial Services, Inc.)

Apportionment Credit. In the event the apportionments to be made at the Closing result in a credit balance (a) to Buyer, such sum shall be paid at the Closing by giving Buyer a credit against the Purchase Price in the amount of such credit balance, or (b) to Seller, Buyer shall pay the amount thereof to Seller (such payment being made through the escrow arrangement noted in Section 7.1 and pursuant to the estimated Closing Statement executed by the parties and the Escrow Agent) at the Closing by wire transfer of immediately available funds to the account or accounts to be designated by Seller for the payment of the Purchase PriceClosing.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Behringer Harvard Reit I Inc)

Apportionment Credit. In the event the apportionments to be made at the Closing result in a credit balance (ai) to BuyerPurchaser, such sum shall be paid at the Closing by giving Buyer Purchaser a credit against the Purchase Price in the amount of such credit balance, or (bii) to Seller, Buyer Purchaser shall pay the amount thereof to Seller at the Closing by wire transfer of immediately available funds to the account or accounts to be designated by Seller for the payment of the Purchase Price.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Lightstone Value Plus Real Estate Investment Trust, Inc.)

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Apportionment Credit. In the event the apportionments to be made at the Closing result in a credit balance (ai) to BuyerPurchaser, such sum shall be paid at the Closing by giving Buyer Purchaser a credit against the Purchase Price Prices in the amount of such credit balance, or (bii) to any Seller, Buyer Purchaser shall pay the amount thereof to such Seller at the Closing by wire transfer of immediately available funds to the account or accounts to be designated by Seller for the payment of the Purchase PriceTitle Company as provided in Section 18.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Pennsylvania Real Estate Investment Trust)

Apportionment Credit. In the event the apportionments to be made at the Closing result in a credit balance (a) to BuyerPurchaser, such sum shall be paid at the Closing by giving Buyer Purchaser a credit against the Purchase Price in the amount of such credit balance, or (b) to Seller, Buyer Purchaser shall pay the amount thereof to Seller at the Closing by wire transfer of immediately available funds to the account or accounts to be designated by Seller for the payment of the Purchase Price.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Behringer Harvard Opportunity REIT II, Inc.)

Apportionment Credit. In the event the apportionments to be made at the Closing result in a credit balance (ai) to Buyer, such sum shall be paid at the Closing by giving Buyer a credit against the Purchase Price in the amount of such credit balance, or (bii) to Seller, Buyer shall pay deposit the amount thereof to Seller at the Closing by wire transfer of immediately available funds to into the account or accounts to be designated by Seller closing escrow established with the Escrow Agent for the payment of the Purchase Price.

Appears in 1 contract

Samples: Purchase and Sale Agreement (KBS Legacy Partners Apartment REIT, Inc.)

Apportionment Credit. In the event the apportionments to be made at the Closing result in a credit balance (ai) to Buyer, such sum shall be paid at the Closing by giving Buyer a credit against the Purchase Price in the amount of such credit balance, or (bii) to Seller, Buyer shall pay the amount thereof to Seller at the Closing in United States dollars, by Federal Reserve System by wire transfer of or other immediately available funds to the account or accounts to be designated by Seller for the payment of the Purchase Price.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Universal Electronics Inc)

Apportionment Credit. In the event If the apportionments to be made at the Closing result in a credit balance (ai) to BuyerPurchaser, such that sum shall be paid at the Closing by giving Buyer Purchaser a credit against the Purchase Price in the amount of such that credit balance, or (bii) to Seller, Buyer Purchaser shall pay the amount thereof to Seller at the Closing by wire transfer of immediately available funds to the account or accounts to be designated by Seller for the payment of the Purchase Price.

Appears in 1 contract

Samples: Purchase and Sale Agreement

Apportionment Credit. In the event the apportionments to be made at the Closing result in a credit balance (a) to Buyer, such sum shall be paid (at Seller’s option) at the Closing by giving Buyer a credit against the Purchase Price in the amount of such credit balance, or (b) to Seller, Buyer shall pay the amount thereof to Seller at the Closing by wire transfer of immediately available funds to the account or accounts to be designated by Seller for the payment of the Purchase Price.

Appears in 1 contract

Samples: Purchase and Sale Agreement (NTS Realty Holdings Lp)

Apportionment Credit. In the event the apportionments to be made at the Closing result in a credit balance (a) to Buyer, such sum shall be paid at the Closing by giving Buyer a credit against the Net Purchase Price in the amount of such credit balance, or (b) to Seller, Buyer shall pay the amount thereof to Seller at the Closing by wire transfer of immediately available funds to the account or accounts to be designated by Seller for the payment of the Net Purchase Price.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Wells Real Estate Investment Trust Inc)

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