Common use of Closing Prorations and Adjustments Clause in Contracts

Closing Prorations and Adjustments. Seller shall prepare the Closing Statement of the prorations and adjustments required by this Agreement and submit it to Purchaser at least one (1) business day prior to the Closing Date. The following items are to be prorated, adjusted or credited (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 (Boston Capital Real Estate Investment Trust Inc)

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Closing Prorations and Adjustments. Seller shall prepare the Closing Statement a statement of the prorations and adjustments required by this Agreement (the “Joint Closing Statement”) and submit it to Purchaser for approval at least one (1) business day prior to 4 Business Days before the Closing Date. The following items listed below in this Section 4.3 are to be prorated, equitably prorated or adjusted or credited (as appropriate) as of midnight on the close of business on day before the Closing Date, it being understood that that, for purposes of prorations and adjustments, Seller shall be deemed the owner of the Property on such the day immediately preceding the Closing Date and Purchaser shall be deemed the owner of the Property as of for the full day after on the Closing Date:.

Appears in 1 contract

Samples: Real Estate Sale Agreement (Dividend Capital Total Realty Trust Inc.)

Closing Prorations and Adjustments. Seller shall prepare the Closing Statement of the prorations and adjustments required by this Agreement and submit it to Purchaser at least one two (12) business day days prior to the Closing Date. The following items are to be prorated, adjusted or credited (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 to be the owner of the Property on such day the Closing Date and Purchaser shall be deemed to be the owner of the Property as of the day after date following the Closing Date:

Appears in 1 contract

Samples: Real Estate Sale Agreement (Resource Real Estate Opportunity REIT II, Inc.)

Closing Prorations and Adjustments. Seller shall prepare the Closing Statement of the prorations and adjustments required by this Agreement and submit it to Purchaser at least one two (12) business day days prior to the Closing Date. The following items are to be prorated, adjusted or credited (as appropriate) as of the close of business on the Closing Date, it being understood that solely for purposes of prorations and adjustments, Seller shall be deemed to be the owner of the Property on such day the Closing Date and Purchaser shall be deemed to be the owner of the Property as of the day after date following the Closing Date:

Appears in 1 contract

Samples: Real Estate Sale Agreement (Behringer Harvard Multifamily Reit I Inc)

Closing Prorations and Adjustments. Seller Sellers shall prepare the Closing Statement of the prorations and adjustments required by this Agreement and submit it to Purchaser at least one three (13) business day days prior to the Closing Date. The following items are to be prorated, adjusted or credited (as appropriate) as of the close of business on the Closing Date, it being understood that for purposes of prorations and adjustments, Seller Sellers 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 (Boston Capital Real Estate Investment Trust Inc)

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Closing Prorations and Adjustments. Seller shall prepare the Closing Statement of the prorations and adjustments required by this Agreement and submit it to Purchaser at least one three (13) business day days prior to the Closing Date. The following items are to be prorated, adjusted or credited (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 up until 11:59 p.m. (Central Standard Time) on such the day before the Closing Date 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 (Berkshire Income Realty Inc)

Closing Prorations and Adjustments. Seller Sellers shall prepare the Closing Statement of the prorations and adjustments required by this Agreement and submit it a draft to Purchaser Purchaser, for comment and approval, at least one three (13) business day days prior to the Closing Date. The following items are to be prorated, adjusted or credited (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 (Boston Capital Real Estate Investment Trust Inc)

Closing Prorations and Adjustments. Seller shall prepare the Closing Statement of the prorations and adjustments required by this Agreement and submit it a draft to Purchaser Purchaser, for comment and approval, at least one three (13) business day days prior to the Closing Date. The following items are to be prorated, adjusted or credited (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 (Boston Capital Real Estate Investment Trust Inc)

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