Common use of Assigned Operating Agreements Clause in Contracts

Assigned Operating Agreements. (a) All income and expenses with respect to the assigned Operating Agreements will be prorated as of the Closing Date (with income and expenses for the Closing Date and thereafter to be allocated to Buyer). There shall be added to the amount due to Sellers at Closing, on the Closing Statement, the amount of any amounts paid by Sellers under any Operating Agreements attributable to periods including and after the Closing Date, and there shall be deducted from the amount due Sellers at Closing, on the Closing Statement, any such amounts paid to and collected by Sellers under any Operating Agreements attributable to periods including and after the Closing Date.

Assigned Operating Agreements. (a) All income and expenses with respect to the assigned and assumed Operating Agreements will be prorated as of the Closing Date (with income and expenses for the Closing Date and thereafter to be allocated to Buyer). There shall be added to the amount due to Sellers Seller at Closing, on the Closing Statement, the amount of any amounts rents paid by Sellers under any Operating Agreements attributable to for periods including and after following the Closing Date, security deposits, or other deposits previously paid by Seller under any assigned Operating Agreements, and there shall be deducted from the amount due Sellers Seller at Closing, on the Closing Statement, any such amounts paid to and collected by Sellers Seller under any Operating Agreements attributable to periods including and after the Closing DateAgreements.