Common use of Closing Prorations and Adjustments Clause in Contracts

Closing Prorations and Adjustments. (i) The following items are to be prorated or adjusted (as appropriate) as of the close of business on the Closing Date, it being understood that for purposes of prorations and adjustments, Seller shall be deemed the owner of the Property on such day and Purchaser shall be deemed the owner of the Property as of the day after the Closing Date:

Appears in 5 contracts

Samples: Center Real Estate Sale Agreement (First Capital Institutional Real Estate LTD 1), Purchase and Sale Agreement (First Capital Insured Real Estate Limited Partnership), Estate Sale Agreement (First Capital Institutional Real Estate LTD 1)

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Closing Prorations and Adjustments. (i) The following items are to be prorated or adjusted (as appropriate) as of the close of business on the Closing Date, it being understood that for purposes of prorations and adjustments, Seller shall be deemed the owner of the Property on such the day prior to the Closing Date and Purchaser shall be deemed the owner of the Property as of the day after on the Closing Date:

Appears in 1 contract

Samples: Assignment and Assumption (First Capital Institutional Real Estate LTD 3)

Closing Prorations and Adjustments. (i) The following items are to be prorated or adjusted (as appropriate) as of the close of business on the Closing Date, it being understood that for purposes of prorations and adjustments, Seller shall be deemed the owner of the Property on such day and Purchaser shall be deemed the owner of the Property as of the day after the Closing Date:

Appears in 1 contract

Samples: Real Estate Sale Agreement (First Capital Income Properties LTD Series Ix)

Closing Prorations and Adjustments. (i) The following items are to be prorated or adjusted (as appropriate) as of the close of business on the Closing DateDate and reprorated (if necessary) pursuant to Section 4(C)(ii) below, it being understood that for purposes of prorations and adjustments, Seller shall be deemed the owner of the Property on such the day before the Closing Date and Purchaser shall be deemed the owner of the Property as of the day on and after the Closing Date:

Appears in 1 contract

Samples: Real Estate Sale Agreement (First Capital Income Properties LTD Series Viii)

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Closing Prorations and Adjustments. (i) The following items are to be prorated or adjusted (as appropriate) as of the close of business on the day immediately preceding the Closing Date, it being understood that for purposes of prorations and adjustments, Seller shall be deemed the owner of the Property on such day and Purchaser shall be deemed the owner of the Property as of the day after the Closing Date:

Appears in 1 contract

Samples: Real Estate Sale Agreement and Escrow Instructions (Arden Realty Inc)

Closing Prorations and Adjustments. (i) The following items are to be prorated or adjusted (as appropriate) as of the close of business on the Closing Date, it being understood that for purposes of prorations and adjustments, Seller shall be deemed the owner of the Property on such day the Closing Date and Purchaser shall be deemed the owner of the Property as of on the day after the Closing Date:

Appears in 1 contract

Samples: Real Estate Sale Agreement (First Capital Institutional Real Estate LTD 1)

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