Other Prorations. Water and sewer charges, propane, interest on continuing loan, and .
Other Prorations. Charges payable under the Approved Contracts (if any) assigned to Buyer pursuant to this Agreement shall be prorated as of the Closing Date. Buyer shall also receive a credit equal to any past due payments (including interest or penalties due) from Sellers to any of the other parties to the Approved Contracts (if any). Sellers represent that all insurance costs are the responsibility of tenants, and Sellers and Buyer agree that (1) none of the insurance policies relating to the Property will be assigned to Buyer (and Sellers shall pay any cancellation fees resulting from the termination of such policies) and (2) no employees of Sellers performing services at the Property shall be employed by Buyer. Accordingly, there will be no prorations for insurance premiums or payroll, and Sellers shall be liable for all premiums and payroll expenses in connection with the foregoing. If Sellers have made any deposit with any utility company or local authority in connection with services to be provided to the Property, such deposits shall, if Buyer so requests and if assignable, be assigned to Buyer at the Closing and Sellers shall receive a credit equal to the amounts so assigned. Sellers shall cooperate with Buyer to transfer all utility services to Buyer at Closing. In no event shall any costs of the operation or maintenance of the Property applicable to the period prior to the Closing be borne by Buyer. Buyer shall be responsible for all Tenant Inducement Costs for or related to all new Leases (i.e., including, without limitation, any amendment to an existing Lease) signed after the Effective Date with Buyer's prior written consent pursuant to Section 14(c). Sellers shall have no responsibility, whatsoever, with respect to any Tenant Inducement Costs for which Buyer is expressly responsible under this paragraph (and to the extent Sellers have paid, or is otherwise responsible for, any such Tenant Inducement Costs described in this paragraph at any time following the Effective Date of this Agreement and prior to Closing, Sellers shall receive a proration credit therefor at Closing). Except for the specific Tenant Inducement Costs for which Buyer is responsible under this paragraph, Buyer shall receive at the Closing a credit toward the Purchase Price equal to all unpaid and outstanding Tenant Inducement Costs under all Leases. The prorations and credits provided for in this Section 7 shall be made on the basis of a written statement prepared by Escrow Holder and appr...
Other Prorations. In addition to the previously stated adjustments and prorations at Closing the parties shall also make such adjustments and prorations to the Purchase Price as are customary and usual in transactions similar to the transaction contemplated by this Contract.
Other Prorations. To the extent not otherwise prorated pursuant to this Agreement, Buyer and Seller shall prorate between them any periodic revenue or expense that is applicable to the time periods before and after the Closing Date.
Other Prorations. Water and sewer charges; interest on any continuing loan, and ~
Other Prorations. Other customary prorations, if any, shall be prorated or apportioned between Seller and Buyer as of the Closing Date.
Other Prorations. Water and sewer use charges, utilities and any other customarily proratable items shall be prorated as of the date of the closing.
Other Prorations. Any other prorations referred to elsewhere in this Agreement and any other items related to the operation of the Hotel and are expenditures which are consistent with past Hotel practices.
Other Prorations. There shall be prorated between Seller and Buyer as of Closing: (a) homeowner/condominium 108 association assessments and other charges imposed by an association under the terms of the Association/ Condominium Documents 109 (if applicable), and/or, (b) rents and operating expenses if the Real Estate is rented to tenants. Security and/or damage deposits 110 held by Seller shall be transferred to Buyer at Closing without proration.
Other Prorations. All prepayments, rents, current property or ad valorem Taxes of the current year, salaries, assessments, utilities, maintenance charges and similar expenses associated with the Owned Properties or Real Property Leases shall be prorated between Seller and the Selling Affiliate (as applicable) on the one hand, and Purchaser on the other hand, as of the Closing Date. To the extent such proration has not been effected by other means and to the extent of information then available, such proration shall be reflected on the Working Capital Estimate and the Closing Statement.
