Closing Prorations and Adjustments. The provisions of this Section 4.3 shall survive the Closing. Seller shall prepare a statement of the prorations and adjustments required by this Agreement (the "CLOSING STATEMENT"), and submit it to Purchaser for approval at least one (1) business day prior to the Closing Date. The items listed below are to be equitably prorated or adjusted as of the close of business on the Closing Date, except as provided otherwise below, 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 and Lease Termination Agreement (Brocade Communications Systems Inc)
Closing Prorations and Adjustments. The provisions of this Section 4.3 shall survive the Closing. Seller shall prepare a statement of the prorations and adjustments required by this Agreement (the "CLOSING STATEMENTClosing Statement"), and submit it to Purchaser for approval at least one (1) business day prior to the Closing Date. The items listed below are to be equitably prorated or adjusted as of the close of business on the Closing Date, except as provided otherwise below, it being understood that for purposes of prorations and adjustments, Seller Purchaser shall be deemed the owner of the Property on such day the Closing Date and Purchaser Seller shall be deemed the owner of the Property as of the day after prior to the Closing Date.
Appears in 1 contract
Samples: Real Estate Sale Agreement (Bedford Property Investors Inc/Md)
Closing Prorations and Adjustments. The provisions of this Section 4.3 shall survive the Closing. Seller shall prepare a statement of the prorations and adjustments required by this Agreement (the "CLOSING STATEMENT"), “Joint Closing Statement”) and submit it to Purchaser for approval at least one five (15) business day days prior to the Closing Date. The items listed below are to be equitably prorated or adjusted as of the close of business on the Closing Date, except as provided otherwise below, 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 the day after of the Closing Date.
Appears in 1 contract
Samples: Real Estate Sale Agreement (Behringer Harvard Reit I Inc)
Closing Prorations and Adjustments. The provisions of this Section 4.3 shall survive the Closing. Seller The Title Company shall prepare a statement of the prorations and adjustments required by this Agreement (the "CLOSING STATEMENT"“Closing Statement”), and submit it to Purchaser and Seller for approval at least one (1) business day prior to the Closing Date. The items listed below are to be equitably prorated or adjusted as of the close of business on the Closing Date, except as provided otherwise below, 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 (Brocade Communications Systems Inc)