Common use of Final Adjustment After Closing Clause in Contracts

Final Adjustment After Closing. If final prorations cannot be made at Closing for any item being prorated under this Section or if any of the aforesaid prorations were calculated inaccurately, then Buyer and Seller agree to allocate such items on a fair and equitable basis as soon as reasonably possible after the Closing Date, to the effect that income and expenses are received and paid by the parties on a cash basis with respect to their period of ownership. Payments in connection with the final adjustment shall be due within thirty (30) days of written notice.

Final Adjustment After Closing. If final prorations cannot be made at Closing for any item being prorated under this Section or if any of the aforesaid prorations were calculated inaccuratelyParagraph 6.1, including Taxes, then Buyer and Seller agree to allocate such items on a fair and equitable basis as soon as reasonably possible invoices or bills are available, with final adjustment to be made for any such invoices or bills that are then available within ninety (90) days following Closing, but in all events within 10 months after the Closing DateClosing, to the effect that income and expenses are received and paid by the parties on a cash an accrual basis with respect to their period of ownershipownership of the Interests. Payments in connection with the final adjustment shall be due within thirty (30) 30 days of written notice.

Final Adjustment After Closing. If final prorations cannot be made at Closing for any item being prorated under this Section or if any of the aforesaid prorations were calculated inaccuratelyArticle VIII, then Buyer Purchaser and Seller agree to allocate such items on a fair and equitable basis as soon as invoices or bills are available and applicable reconciliation with tenants have been completed, with final adjustment to be made as soon as reasonably possible after the Closing Datebut no later than 60 days after the Closing (except as to real estate taxes for 2022, to the effect that income and expenses are received and paid by the parties on a cash basis final adjustment with respect to their period of ownership. Payments in connection with the final adjustment which shall be due within thirty (take place not later than 30) days of written notice.

Final Adjustment After Closing. If final prorations cannot be made at Closing for any item being prorated under this Section or if any of the aforesaid prorations were calculated inaccuratelyParagraph 6.1, then Buyer Purchaser and Seller agree to allocate such items on a fair and equitable basis as soon as invoices or bills are available and applicable reconciliation with tenants have been completed, with final adjustment to be made as soon as reasonably possible after the Closing DateClosing, to the effect that income and expenses are received and paid by the parties on a cash an accrual basis with respect to their period of ownership. Payments in connection with the final adjustment shall be due within thirty (30) 30 days of written noticenotice (together with reasonable back-up therefor).