Payment of Adjustments to Proration. Either party owing the other party a sum of money based on adjustments made to prorations after the Closing shall promptly pay that sum to the other party, together with interest thereon at the rate of twelve percent (12%) per annum to the date of payment if payment is not made within ten (10) days after mutual agreement of the amount due.
Appears in 5 contracts
Samples: Real Estate Purchase Agreement (Superior Uniform Group Inc), Purchase Agreement (Realty Income Corp), Purchase Agreement (NPC International Inc)
Payment of Adjustments to Proration. Either party owing the other party a sum of money based on adjustments made to prorations after the Closing Date shall promptly pay that sum to the other party, together with interest thereon at the rate of twelve the lesser of (i) the maximum interest rate permitted by law in the Situs State and (ii) thirteen and one-half percent (1213.5%) per annum annum, to the date of payment if payment is not made within ten (10) 10 days after mutual agreement of the amount due.
Appears in 1 contract
Samples: Acquisition and Development Agreement (Gymboree Corp)
Payment of Adjustments to Proration. Either party owing the other party a sum of money based on adjustments made to prorations after the Closing Date shall promptly pay that sum to the other party, together with interest thereon at the rate of twelve percent (12%) per annum (or, if less, the maximum rate then permitted by law to be contracted for by the parties) from the date of demand therefor to the date of payment payment, if payment is not made within ten (10) days after mutual agreement delivery of the amount duea statement therefor.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Carramerica Realty Corp)
Payment of Adjustments to Proration. Either party owing the other party a sum of money based on adjustments made to prorations after the Closing shall promptly pay that sum to the other party, together with interest thereon at the rate of twelve percent (12%) per annum to the date of payment if payment is not made within ten thirty (1030) days after mutual agreement of the amount due.
Appears in 1 contract
Payment of Adjustments to Proration. Either party owing the other party a sum of money based on adjustments made to prorations after the Closing shall promptly pay that sum to the other party, together with interest thereon at the rate of twelve percent (12%) per annum to the date of payment if payment is not made within ten (10) days after mutual agreement of the amount due, or within thirty (30) days of the Closing, if that date is earlier.
Appears in 1 contract
Payment of Adjustments to Proration. Either party owing the other party a sum of money based on adjustments made to prorations after the Closing Date shall promptly pay that sum to the other party, together with interest thereon at the rate of twelve the lesser of (i) the maximum interest rate permitted by law in the Situs State or (ii) thirteen and one-half percent (1213.5%) per annum annum, to the date of payment if payment is not made within ten (10) days after mutual agreement of the amount due.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Bedford Property Investors Inc/Md)
