Common use of Items to be Prorated Clause in Contracts

Items to be Prorated. The following shall be prorated between Seller and Buyer as of the Closing Date (on the basis of the actual number of days elapsed over the applicable period), with Buyer being deemed to be the owner of the Property during the entire day on which the Deed is recorded and being entitled to receive all operating income of the Property, and being obligated to pay all operating expenses of the Property, with respect to such day:

Appears in 1 contract

Samples: Real Property Purchase and Sale Agreement (Hines Real Estate Investment Trust Inc)

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Items to be Prorated. The following shall be prorated between the applicable Seller and Buyer as of the Closing Date (on the basis of the actual number of days elapsed over the applicable period), with Buyer being deemed to be the owner of the Property Underlying Properties during the entire day on which the Deed is recorded Closing Date and being entitled to receive all operating income of the PropertyUnderlying Properties, and being obligated to pay all operating expenses of the PropertyUnderlying Properties, with respect to such daythe Closing Date:

Appears in 1 contract

Samples: Purchase Agreement (Maguire Properties Inc)

Items to be Prorated. The following shall be prorated between Seller and Buyer as of the Closing Date (on the basis of the actual number of days elapsed over the applicable period), with Buyer being deemed to be the owner of the Property during the entire day on which the Deed is recorded Closing Date and being entitled to receive all operating income of the Property, and being obligated to pay all operating expenses of the Property, with respect to the Closing Date (which prorations shall be based on the periods to which such day:prorations relate and are applicable regardless of when payable):

Appears in 1 contract

Samples: Purchase Agreement (KBS Real Estate Investment Trust II, Inc.)

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Items to be Prorated. The following shall be prorated between Seller and Buyer as of the Closing Date (on the basis of the actual number of days elapsed over the applicable period), with Buyer being deemed to be the owner of the Property during the entire day on which the Deed is recorded Closing Date and being entitled to receive all operating income of the Property, and being obligated to pay all operating expenses of the Property, with respect to such day:

Appears in 1 contract

Samples: Purchase Agreement (Behringer Harvard Reit I Inc)

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