Common use of Other Operating Income and Expenses Clause in Contracts

Other Operating Income and Expenses. All other income and ordinary operating expenses for or pertaining to the Property, including, but not limited to, maintenance, service charges, and license fees, will be prorated as of the Apportionment Time.

Appears in 4 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Global Income Trust, Inc.), Purchase and Sale Agreement (American Assets Trust, Inc.)

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Other Operating Income and Expenses. All other income and ordinary operating expenses for or pertaining to the Property, including, but not limited to, maintenance, service charges, and license fees, will be prorated as of the Apportionment Time. Notwithstanding anything herein to the contrary, any operating expenses which are the direct obligation of any tenant shall not be prorated.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Cole Credit Property Trust III, Inc.)

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