Common use of Condominium Charges Clause in Contracts

Condominium Charges. Assessments and capital assessments, ------------------- including any advance payments made by an Asset Entity but only to the extent the advance payments are attributable to the time period after the date of the Final Closing, under any declaration of condominium to which the Asset is subject (collectively, "Assessments") shall be adjusted and prorated as of the date of the Final Closing.

Appears in 3 contracts

Samples: Omnibus Contribution Agreement (Lasalle Hotel Properties), Contribution Agreement (Lasalle Hotel Properties), Contribution Agreement (Lasalle Hotel Properties)

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Condominium Charges. Assessments and capital assessments, ------------------- including any advance payments made by an the Asset Entity but only to the extent the advance payments are attributable to the time period after the date of the Final Closing, under any declaration of condominium to which the Asset is subject (collectively, "Assessments") shall be adjusted and prorated as of the date of the Final Closing.

Appears in 1 contract

Samples: Contribution Agreement (Lasalle Hotel Properties)

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