Common use of Preliminary Closing Adjustment Clause in Contracts

Preliminary Closing Adjustment. Seller’s Investment Advisor and Buyer shall jointly prepare and approve a preliminary Closing adjustment for each Property or all Properties on the basis of the Leases and other sources of income and expense, and shall deliver such computation to Escrow Holder prior to Closing, and the Escrow Holder shall prepare a settlement statement based thereon to be executed by Buyer and Seller at Closing (the “Closing Statement”).

Appears in 4 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement

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Preliminary Closing Adjustment. Seller’s Investment Advisor and Buyer shall jointly prepare and approve a preliminary Closing adjustment for each Property or all Properties (the “Closing Statement”) on the basis of the Leases ULA Lease and other sources of income and expense, and shall deliver such computation to Escrow Holder prior to Closing, and the Escrow Holder shall prepare a settlement statement based thereon to be executed by Buyer and Seller at Closing (the “Closing Statement”).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Cole Corporate Income Trust, Inc.)

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Preliminary Closing Adjustment. Seller’s Investment Advisor and Buyer shall jointly prepare and approve a preliminary Closing adjustment for each Property or all Properties (the “Closing Statement”) on the basis of the Leases and other sources of income and expense, and shall deliver such computation to Escrow Holder prior to Closing, and the Escrow Holder shall prepare a settlement statement based thereon to be executed by Buyer and Seller at Closing (the “Closing Statement”).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Rexford Industrial Realty, Inc.)

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