Common use of Closing Prorations and Adjustments Clause in Contracts

Closing Prorations and Adjustments. Statements of prorations and other adjustments shall be prepared by Seller in conformity with the provisions of this Agreement and submitted to Purchaser for review and approval not less than three (3) business days prior to the Closing Date. For purposes of prorations, Purchaser shall be deemed the owner of the Property on the Closing Date. In addition to prorations and other adjustments that may otherwise be provided for in this Agreement, the following items are to be prorated or adjusted, as the case may require, as of the Closing Date:

Appears in 3 contracts

Samples: Agreement for Purchase and Sale, Agreement for Purchase and Sale (Highwoods Realty LTD Partnership), Agreement for Purchase And (United Realty Trust Inc)

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Closing Prorations and Adjustments. Statements Sellers shall prepare the Closing Statement of the prorations and other adjustments shall be prepared required by Seller in conformity with the provisions of this Agreement and submitted submit it to Purchaser for review and approval not less than at least three (3) business days Business Days prior to the Closing Date. For purposes of prorations, Purchaser shall be deemed the owner of the Property on the Closing Date. In addition to prorations and other adjustments that may otherwise be provided for in this Agreement, the The following items are to be prorated prorated, adjusted or adjustedcredited (as appropriate), as it being understood that for purposes of prorations and adjustments, the case may require, as applicable Seller shall be deemed to be the owner of the applicable portion of the Property prior to but not including the Closing Date and the applicable Purchaser shall be deemed to be the owner of the applicable portion of the Property on and following the Closing Date:

Appears in 2 contracts

Samples: Environmental Indemnity Agreement (W2007 Grace Acquisition I Inc), Special Warranty Deed (American Realty Capital Hospitality Trust, Inc.)

Closing Prorations and Adjustments. Statements (i) A statement of prorations and other adjustments shall be prepared by Seller Acquiror in conformity with the provisions of this Agreement and submitted to Purchaser Contributor for review and approval not less than three (3) business days prior to the Closing Date. For purposes of prorations, Purchaser Acquiror shall be deemed the owner of the Property Properties on the Closing Date. In addition to prorations and other adjustments that may otherwise be provided for in this Agreement, the following items are to be prorated or adjusted, adjusted (as the case may require, requires) as of the Closing Date:

Appears in 2 contracts

Samples: Contribution Agreement (American Real Estate Investment Corp), Contribution Agreement (American Real Estate Investment Corp)

Closing Prorations and Adjustments. Statements 5.3.1 A statement of prorations and other adjustments shall be prepared by Seller in conformity with the provisions of this Agreement and then submitted to Purchaser for review and approval not less than three (3) business days prior to the Closing Date. For purposes of prorations, Purchaser shall be deemed the owner of the Property on the Closing Date. In addition to prorations and other adjustments that may otherwise be provided for in this Agreement, the following items are to be prorated or adjusted, as the case may require, as of the Closing Date:

Appears in 2 contracts

Samples: Purchase Agreement, Purchase Agreement

Closing Prorations and Adjustments. Statements (i) A statement of prorations and other adjustments shall be prepared by Seller and Purchaser together in conformity with the provisions of this Agreement and submitted to Purchaser for review and approval not less than three ten (310) business days prior to the Closing Date. For purposes of prorations, Purchaser shall be deemed the owner of the Property on the Closing Date. In addition to prorations and other adjustments that may otherwise be provided for in this Agreement, the following items are to be prorated or adjusted, as the case may require, as of the Closing Date:

Appears in 1 contract

Samples: New Plan Excel Realty Trust Inc

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Closing Prorations and Adjustments. Statements of prorations and other adjustments shall be prepared by Seller in conformity with the provisions of this Agreement and submitted to Purchaser for review and approval not less than three five (35) business days Business Days prior to the Closing Date. For purposes of prorations, Purchaser shall be deemed the owner of the Property on the Closing Date. In addition to prorations and other adjustments that may otherwise be provided for in this Agreement, the following items are to be prorated or adjusted, as the case may require, as of the Closing Date:

Appears in 1 contract

Samples: Agreement for Purchase and Sale (Highwoods Realty LTD Partnership)

Closing Prorations and Adjustments. Statements Sellers shall prepare the Closing Statement of the prorations and other adjustments shall be prepared required by Seller in conformity with the provisions of this Agreement and submitted submit it to Purchaser for review and approval not less than at least three (3) business days Business Days prior to the Closing Date. For purposes of prorations, Purchaser shall be deemed the owner of the Property on the Closing Date. In addition to prorations and other adjustments that may otherwise be provided for in this Agreement, the The following items are to be prorated prorated, adjusted or adjustedcredited (as appropriate), as it being understood that for purposes of prorations and adjustments, the case may require, as applicable Seller shall be deemed to be the owner of the applicable portion of the Property prior to but not including the Closing Date and Purchaser shall be deemed to be the owner of the applicable portion of the Property on and following the Closing Date:

Appears in 1 contract

Samples: Special Warranty Deed (American Realty Capital Hospitality Trust, Inc.)

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