Apportionments and Payments. The Manager shall be responsible for all emoluments and outgoings in respect of the Returning Employees (including without limitation all wages, bonuses, commission, premiums, subscriptions, PAYE and national insurance contributions and pension contributions) which are attributable in whole or in part to the period up to, but excluding, the Subsequent Transfer Date (including any bonuses or commission which are payable after the Subsequent Transfer Date but attributable in whole or in part to the period on or before the Subsequent Transfer Date) and the Manager shall indemnify the Client (both for itself and any Replacement Agent) against any costs, claims, liabilities and expenses (including reasonable legal expenses) incurred or suffered by the Client or any Replacement Agent in respect of the same . The Client shall be responsible for all emoluments and outgoings in respect of the Returning Employees (including without limitation all wages, bonuses, commission, premiums, subscriptions, PAYE and national insurance contributions and pension contributions) which are attributable in whole or in part to the period on and after the Subsequent Transfer Date (including any bonuses, commission, premiums, subscriptions and any other prepayments which are payable on or before the Subsequent Transfer Date but which are attributable in whole or in part to the period after the Subsequent Transfer Date), and the Client shall indemnify the Manager (both for itself and any sub-contractor) against any costs, claims, liabilities and expenses (including reasonable legal expenses) incurred or suffered by the Manager or any sub- contractor in respect of the same.
Apportionments and Payments. A. The following are to be apportioned between Sellers and Buyer as of the Closing Date and the net amount thereof shall either be paid by Buyer to Sellers (with such amount to be paid to Sellers by Buyer's good certified or official bank check, payable to the order of Sellers, or wire transfer of immediately available funds), or credited by Sellers against the Balance of the Purchase Price, as the case may be, at the Closing:
(i) real property taxes;
(ii) water charges;
(iii) sewer taxes and rents;
(iv) annual permit, license and inspection fees, if any, on the basis of the fiscal year for which levied, if rights thereunder with respect thereto are transferable to Buyer;
(v) fuel, steam and all other utilities;
(vi) fixed, additional and escalation rents (including, without limitation, common area maintenance payments) payable under any Leases (as hereinafter defined) between Sellers and space tenants (collectively the "Rent"), if, as and when collected;
(vii) interest and permitted administrative charges, if any, on tenants' security deposits;
(viii) supplies on hand in the Property in unopened cartons, at Sellers' cost;
(ix) wages, vacation pay, pension and welfare benefits and other fringe benefits of all persons employed at the Property;
(x) amounts payable under any Contracts (as hereinafter defined) assumed by Buyer; and
(xi) all other items customarily apportioned in connection with similar conveyances in the County of Westchester, State of New York.
B. If the Closing Date shall occur before the real property taxes, water rates and charges and sewer taxes and rents are finally fixed, the apportionments thereof made at the Closing shall be upon the basis of the tax or water rates for the preceding year applied to the latest assessed valuation, but after the real property taxes, water rates and charges and sewer taxes and rents are finally fixed, Sellers and Buyer shall make a recalculation of the apportionment of same, and Sellers or Buyer, as the case may be, shall make an appropriate payment to the other based on such recalculation.
C. Xxxxxxx shall arrange for a final reading of all master utility meters (covering steam, gas, electricity and water and the derivative sewer charges based on meters). Sellers and Buyer shall jointly execute a letter to each of such utility companies advising such utility companies of the termination of Sellers' responsibility for such charges for utilities furnished to the Property from and after the Closing Date. If...
Apportionments and Payments. 8 5.1 Items to Be Apportioned..................................8 5.2 Credits..................................................9 5.3 Re-Proration of Impositions..............................9 5.4 Utilities................................................9 5.5 Rent Arrearages.........................................10 5.6
Apportionments and Payments. SECTION 4.01. APPORTIONMENTS RELATING TO THE PROPERTY. The following shall be apportioned between Seller and Purchaser on the Closing Date with respect to the Property, as of the close of business of the day immediately preceding the Closing Date (the "APPORTIONMENT DATE"), and the Purchase Price shall be accordingly adjusted at the Closing:
(i) insurance premiums and other fees and charges under or with respect to policies of insurance assigned to Purchaser;
(ii) insurance proceeds received by Seller, if any, and payable to Purchaser pursuant to this ARTICLE 4 to the extent not applied to repair or restore the Property in accordance with the terms of this Agreement; and
(iii) water rates and charges, sewer taxes and rents, electricity and other utility charges applicable to the Property.
Apportionments and Payments. The Operator shall be responsible for all emoluments and outgoings in respect of the Staff (including, without limitation, all wages, bonuses, commission, premiums, subscriptions, PAYE and national insurance contributions and pension contributions) which are attributable in whole or in part to the period after the Commencement Date, and will indemnify the Council against all costs, claims, liabilities and expenses (including reasonable legal expenses) in respect of the same.
Apportionments and Payments. With respect to each Property, the --------------------------- following shall be apportioned between the Contributing Parties and the Partnership on a property by property basis as of the day immediately preceding the Closing Date and the net amount thereof shall either be paid by the Partnership to the Contributing Parties, or credited by the Contributing Parties against the Consideration on a property by property basis in accordance with the allocation of the Consideration set forth on Schedule 1 ---------- hereto, as the case may be, at the Closing:
Apportionments and Payments. With respect to the Property, the --------------------------- following shall be apportioned between Contributor and Partnership as of 11:59 P.M. of the day immediately preceding the Closing Date and the net amount thereof shall either be paid by Partnership to Contributor, or by Contributor to Partnership, at the Closing:
Apportionments and Payments. 32 9.1 Payments - Lessee Properties............................................32
Apportionments and Payments. 7.1 The following items pertaining to the Property shall be prorated or credited by the Parties as of the Cutoff Date, and appropriate adjustments made to the Purchase Price on the Closing Date or at the times and in the manner set forth below:
Apportionments and Payments
