Common use of Payment of Adjustments to Proration Clause in Contracts

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 ten percent (10%) 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 6 contracts

Samples: Agreement of Purchase and Sale and Escrow Instructions (Prentiss Properties Trust/Md), Agreement of Purchase and Sale and Escrow Instructions (Prentiss Properties Trust/Md), Agreement of Purchase and Sale and Escrow Instructions (Prentiss Properties Trust/Md)

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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 will promptly pay that sum to the other party, together with interest thereon at the rate of ten percent (10%) 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 1 contract

Samples: Purchase and Sale Agreement and Escrow Instructions (Outdoor Channel Holdings Inc)

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