CLOSING ADJUSTMENTS AND APPORTIONMENTS. All of the items of income and expense mentioned in this Section 14 shall be apportioned or adjusted between Seller and Purchaser as of 12:01 A.M., local time of the Project, as of the Closing Date. Except as provided in the instance of Unknown Rents as provided in Paragraph 14.03 hereof, all apportionments and adjustments shall be made as of the Closing Date. To the extent that the apportionments and adjustments, at the Closing, are based upon any errors or omissions in the calculation or determination thereof, promptly after notice of such errors or omissions, the Parties shall readjust or reapportion and make the payment required as a result thereof.
Appears in 2 contracts
Samples: Developers Diversified Realty Corp, Developers Diversified Realty Corp
CLOSING ADJUSTMENTS AND APPORTIONMENTS. All of the items of income and expense mentioned in this Section 14 shall be apportioned or adjusted between Seller and Purchaser as of 12:01 A.M., local time of the Project, as of the applicable Closing Date. Except as provided in the instance of Unknown Rents as provided in Paragraph 14.03 hereof, all apportionments and adjustments shall be made as of the applicable Closing Date. To the extent that the apportionments and adjustments, at the applicable Closing, are based upon any errors or omissions in the calculation or determination thereof, promptly after notice of such errors or omissions, the Parties shall readjust or reapportion and make the payment required as a result thereof.
Appears in 2 contracts
Samples: Agreement of Purchase and Sale (Developers Diversified Realty Corp), Purchase and Sell (Developers Diversified Realty Corp)
CLOSING ADJUSTMENTS AND APPORTIONMENTS. All of the items of income and expense mentioned in this Section 14 shall be apportioned or adjusted between Seller and Purchaser as of 12:01 A.M., local time of the Project, as of the Closing Date. Except as provided in the instance of Unknown Rents as provided in 32 38 Paragraph 14.03 hereof, all apportionments and adjustments shall be made as of the Closing Date. To the extent that the apportionments and adjustments, at the Closing, are based upon any errors or omissions in the calculation or determination thereof, promptly after notice of such errors or omissions, the Parties shall readjust or reapportion and make the payment required as a result thereof.
Appears in 1 contract
Samples: Agreement of Purchase and Sale (Developers Diversified Realty Corp)
