Common use of Final Adjustment of Real Estate Taxes Clause in Contracts

Final Adjustment of Real Estate Taxes. If on the Closing Date final real estate tax bills and/or final bills for payments in lieu thereof in the form of an annual service charge made pursuant to the Financial Agreement for the calendar year in which the Closing occurs are not available and the applicable adjustment is based upon preliminary bills, a final adjustment shall be made within ten (10) days after the final bills are issued, and Seller or Purchaser, as the case may be, shall make an appropriate payment to the other based upon such readjustment.

Appears in 2 contracts

Samples: Agreement of Sale (Commvault Systems Inc), Agreement of Sale (Commvault Systems Inc)

AutoNDA by SimpleDocs

Final Adjustment of Real Estate Taxes. If on the Closing Date final real estate tax bills and/or final bills for payments in lieu thereof in the form of an annual service charge made pursuant to the Financial Agreement for the calendar year in which the Closing closing occurs are not available and the applicable real estate tax adjustment is based upon preliminary tax bills, a final tax adjustment shall be made within ten (10) days after the final bills are tax bxxx is issued, and Seller or Purchaser, as the case may be, shall make an appropriate payment to the other based upon such readjustmentre-adjustment.

Appears in 1 contract

Samples: Agreement of Sale (Wells Real Estate Investment Trust Inc)

Final Adjustment of Real Estate Taxes. If on the Closing Date ------------------------------------- final real estate tax bills and/or final bills for payments in lieu thereof in the form of an annual service charge made pursuant to the Financial Agreement for the calendar year in which the Closing closing occurs are not available and the applicable real estate tax adjustment is based upon preliminary prior tax bills, a final tax adjustment shall be made within ten (10) days after the final bills are tax xxxx is issued, and Seller or Purchaser, as the case may be, shall make an appropriate payment to the other based upon such readjustmentre-adjustment.

Appears in 1 contract

Samples: Agreement of Sale (Roberts Pharmaceutical Corp)

AutoNDA by SimpleDocs

Final Adjustment of Real Estate Taxes. If on the Closing Date final real estate tax bills and/or final bills for payments in lieu thereof in the form of an annual service charge made pursuant to the Financial Agreement for the calendar year in which the Closing occurs are not available and the applicable real estate tax adjustment is based upon preliminary tax bills, a final tax adjustment shall be made within ten (10) days after the final bills are tax xxxx is issued, and Seller or Purchaser, as the case may be, shall make an appropriate payment to the other based upon such readjustmentre-adjustment. No such adjustments shall be made after December 1, 2007.

Appears in 1 contract

Samples: Agreement of Sale (Djo Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.