Basis of Adjustment Sample Clauses

Basis of Adjustment. (1) The Seller is liable for Outgoings up to and including Settlement Date. The Buyer is liable for them after that date. (2) Outgoings must be apportioned: (a) if they are paid, on the amount actually paid; (b) if they are unpaid, on the amount payable disregarding any early payment discount; and (c) if they are not separately assessed, for the Lot, on the amount and in the manner specified by the Seller's Solicitor. (3) If Outgoings are apportioned in the Seller's favour but are unpaid, the Seller must pay those Outgoings by the due date shown in the relevant assessment or (if there is no separate assessment) a reasonable time after the relevant assessment issues.