Common use of Escrow Statement Clause in Contracts

Escrow Statement. At least one (1) day before the Close of Escrow, the Parties shall agree upon all of the prorations to be made and submit a statement to Escrow Holder (or sign a statement prepared by Escrow Holder) setting forth such prorations. In the event that any prorations, apportionments, or computations made under this Paragraph 15 shall require final adjustment, then the Parties shall make the appropriate adjustments promptly when accurate information becomes available and either Party shall be entitled to an adjustment to correct the same. Any corrected adjustment or proration will be paid in cash to the Party entitled thereto.

Appears in 2 contracts

Samples: Agreement of Purchase and Sale (Salesforce Com Inc), Agreement of Purchase and Sale (Salesforce Com Inc)

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Escrow Statement. At least one (1) day before the Close of Escrow, the Parties shall agree upon all of the prorations to be made and submit a statement to Escrow Holder (or sign a statement prepared by Escrow Holder) setting forth such prorations. In the event that any prorations, apportionments, or computations made under this Paragraph 15 14 shall require final adjustment, then the Parties shall make the appropriate adjustments promptly when accurate information becomes available and either Party shall be entitled to an adjustment to correct the same. Any corrected adjustment or proration will be paid in cash to the Party entitled thereto.

Appears in 2 contracts

Samples: Agreement of Purchase and Sale (Salesforce Com Inc), Agreement of Purchase and Sale (Salesforce Com Inc)

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Escrow Statement. At least one (1) business day before prior to the Close of Escrow, Escrow the Parties parties shall agree upon all of the prorations prorations, including rent, to be made and submit a statement to the Escrow Holder (or sign a statement prepared by Escrow Holder) setting forth such prorationsthe same. In the event that any prorations, apportionments, apportionments or computations made under this Paragraph 15 section shall require final adjustment, then the Parties parties shall make the appropriate adjustments promptly when accurate information becomes available and either Party party shall be entitled to an adjustment to correct the same. Any corrected adjustment or proration will be paid in cash to the Party party entitled thereto.

Appears in 1 contract

Samples: Agreement for Assignment of Leasehold Interest, Sublease of Property, Leaseback of Real Property and Joint Escrow Instructions (Watkins Johnson Co)

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