Miscellaneous Revenues. Periodic revenues, if any, arising out of telephone booths, vending machines, laundry machines or other income-producing agreements shall be adjusted and prorated between Buyer, on the one hand, and Sellers, on the other hand, as of the Adjustment Point (provided that, one-time inducement fees, “door fees” or similar non-recurring payments shall not be prorated as of the Closing).
Appears in 2 contracts
Samples: Agreement of Purchase and Sale (Bluerock Residential Growth REIT, Inc.), Agreement of Purchase and Sale (Bluerock Residential Growth REIT, Inc.)
Miscellaneous Revenues. Periodic revenues, if any, arising out of telephone booths, vending machines, laundry machines or other income-producing agreements shall be adjusted and prorated between Buyer, on the one hand, Purchaser and Sellers, on the other hand, Seller as of the Adjustment Point (provided that, that one-time inducement fees, “door fees” or similar non-recurring payments under Assumed Contracts shall not be prorated as of the ClosingClosing Date).
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Bluerock Residential Growth REIT, Inc.), Purchase and Sale Agreement (Bluerock Residential Growth REIT, Inc.)
Miscellaneous Revenues. Periodic revenues, if any, arising out of telephone booths, vending machines, laundry machines machines, cable or other income-producing agreements shall be adjusted and prorated between Buyer, on the one hand, Buyer and Sellers, on the other hand, Seller as of the Adjustment Point Closing (provided that, one-time inducement fees, “door fees” or similar non-recurring payments shall not be prorated as of the Closing).
Appears in 2 contracts
Samples: Agreement of Purchase and Sale, Agreement of Purchase and Sale (Resource Real Estate Opportunity REIT II, Inc.)
Miscellaneous Revenues. Periodic revenues, if any, arising out of telephone booths, vending machines, laundry machines or other income-producing agreements shall be adjusted and prorated between BuyerPurchaser, on the one hand, and the Sellers, on the other hand, as of the Adjustment Point (provided that, one-time inducement fees, “door fees” or similar non-recurring payments under Assumed Contracts shall not be prorated as of the ClosingClosing Date).
Appears in 1 contract
Samples: Purchase and Sale Agreement (Bluerock Residential Growth REIT, Inc.)
