Credit for Prepaid Expenses. Seller shall receive a proration credit equal to the book value, as of Closing, of all prepaid expenses, except to the extent that the goods, services or other items for which such expenses were incurred are not usable by Buyer.
Appears in 3 contracts
Samples: Agreement of Purchase and Sale of Real Property, Purchase and Sale Agreement (Pebblebrook Hotel Trust), Agreement of Purchase and Sale (CNL Hospitality Properties Inc)
Credit for Prepaid Expenses. Seller shall receive a proration credit equal to the book value, as of Closing, of all prepaid expenses, except to the extent that the goods, services or other items for which such expenses were incurred are not usable by Buyer.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Ashford Hospitality Prime, Inc.)
