Common use of Ground Rent Clause in Contracts

Ground Rent. All rent and other payments and charges due under the Ground Leases with respect to the year in which the Closing occurs shall be adjusted and prorated between Buyer and Seller as of the Closing.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (La Quinta Holdings Inc.), Purchase and Sale Agreement (La Quinta Holdings Inc.)

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Ground Rent. All Ground rent and all other payments and charges due under the Ground Leases with respect to the year in which the Closing occurs shall be adjusted and prorated between Buyer and Seller as of the Closing.

Appears in 1 contract

Samples: Membership Purchase Agreement

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Ground Rent. All Ground rent and all other payments and charges due under the Ground Leases with respect to the year in which the Closing occurs shall be adjusted and prorated between based on the periods of ownership by the Ground Lessees and the Buyer and Seller as of the Closingduring such year.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Elbit Imaging LTD)

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