Common use of Closing Prorations Clause in Contracts

Closing Prorations. The following adjustments are to be made at the Closing as of 12:00 midnight of the day preceding the Closing Date: (i) water charges; (ii) sewer rents; (iii) gas; (iv) electric; (v) fuel (at the Township’s cost therefor); and (vi) any other items which shall be appropriate for adjustment under local closing standards and practices.

Closing Prorations. The following adjustments are to be made at the Closing as of 12:00 midnight of the day preceding the Closing DateDate Two: (i) water charges; (ii) sewer rentscharges; (iii) gas; (iv) electric; (v) fuel fuel; (at the Township’s cost therefor)vi) real estate taxes; (vii) lease income; and (viviii) any other items which shall be appropriate for adjustment under local closing standards and practices.