Common use of Closing Prorations and Adjustments Clause in Contracts

Closing Prorations and Adjustments. The provisions of this Section 4.3 shall survive the Closing. Sellers shall prepare a statement of the prorations and adjustments required by this Agreement (the “Joint Closing Statement”) and submit it to Purchaser for approval at least three (3) Business Days prior to the Closing Date. The items listed below are to be prorated or adjusted as of the close of business on the Closing Date (it being understood that, for purposes of prorations and adjustments, Sellers shall be deemed the owner of the Property on the day immediately preceding the Closing Date and Purchaser shall be deemed the owner of the Property as of the day of the Closing Date (the “Adjustment Date”); provided, however, that in the event any of the Leases provide that a tenant is to directly pay any of the expenses set forth below in this Section 4.3 to a third party other than a Seller, then such amount shall not be prorated). The provisions of this Section 4.3 shall survive the Closing.

Closing Prorations and Adjustments. The provisions of this Section 4.3 shall survive the Closing. Sellers Seller shall prepare a statement of the prorations and adjustments required by this Agreement (the “Joint Closing Statement”) and submit it to Purchaser for approval at least three two (32) Business Days prior to the Closing Date. The items listed below are to be prorated or adjusted as of the close of business on the Closing Date (it being understood that, for purposes of prorations and adjustments, Sellers Seller shall be deemed the owner of the Property on the day immediately preceding the Closing Date and Purchaser shall be deemed the owner of the Property as of the day of the Closing Date (the “Adjustment Date”); provided, however, that in the event any of the Leases provide that a tenant is to directly pay any of the expenses set forth below in this Section 4.3 to a third party other than a Seller, then such amount shall not be prorated). The provisions of this Section 4.3 shall survive the Closing.

Closing Prorations and Adjustments. The provisions of this Section 4.3 shall survive the Closing. Sellers Seller shall prepare a statement of the prorations and adjustments required by this Agreement (the “Joint Closing Statement”) and submit it to Purchaser for approval at least three two (32) Business Days prior to the Closing Date. The items listed below are to be prorated or adjusted as of the close of business on the Closing Date (it being understood that, for purposes of prorations and adjustments, Sellers Seller shall be deemed the owner of the Property Membership Interests on the day immediately preceding the Closing Date and Purchaser shall be deemed the owner of the Property Membership Interests as of and from the day of the Closing Date (the “Adjustment Date”); provided, however, that in the event any of the Leases provide that a tenant is to directly pay any of the expenses set forth below in this Section 4.3 to a third party other than a SellerNine Penn Owner, then such amount shall not be prorated). The provisions of this Section 4.3 shall survive the Closing.

Closing Prorations and Adjustments. The provisions of this Section 4.3 shall survive the Closing. Sellers Seller shall prepare a statement of the prorations and adjustments required by this Agreement (the “Joint Closing Statement”) and submit it to Purchaser for approval at least three two (32) Business Days prior to the Closing Date. The items listed below are to be prorated or adjusted as of 11:59 p.m. Pacific Time on the close of business on day preceding the Closing Date (it being understood that, for purposes of prorations and adjustments, Sellers Seller shall be deemed the owner of the Property on the day immediately preceding the Closing Date and Purchaser shall be deemed the owner of the Property as of the day of the Closing Date (the “Adjustment Date”); provided, however, that in the event any of the Leases provide that a tenant is to directly pay any of the expenses set forth below in this Section 4.3 to a third party other than a Seller, then such amount shall not be prorated). The provisions of this Section 4.3 shall survive the Closing.