Common use of Prepaid Tax Clause in Contracts

Prepaid Tax. If any portion of any assessments against the Property other than Real Estate Tax that are paid by the Sellers with respect to the Property at or prior to the Closing determined on a cash (rather than accrual) basis, relate to any time including or after the Closing Date, the Buyer shall pay to the Sellers at the Closing the amount of such other assessments paid prorated for the number of days, from, including and after the Closing.

Appears in 30 contracts

Samples: Agreement of Purchase and Sale (Duke Realty Limited Partnership/), Agreement of Purchase and Sale (Duke Realty Limited Partnership/), Agreement of Purchase and Sale (Duke Realty Limited Partnership/)

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Prepaid Tax. If any portion of any assessments against the Property other than Real Estate Tax that are paid by the Sellers Seller with respect to the Property at or prior to the Closing Closing, determined on a cash (rather than accrual) basis, relate to any time including or after the Closing Date, the Buyer shall pay to the Sellers Seller at the Closing the amount of such other assessments paid prorated for the number of days, from, including and after the Closing.

Appears in 3 contracts

Samples: Agreement of Purchase and Sale (Duke Realty Limited Partnership/), Agreement of Purchase and Sale (Duke Realty Limited Partnership/), Agreement of Purchase and Sale (Duke Realty Limited Partnership/)

Prepaid Tax. If any portion of any assessments against the Property other than Real Estate Tax that are paid by the Sellers Seller with respect to the Property at or prior to the Closing Closing, determined on a cash (rather than accrual) basis, relate to any time including or after the Closing Date, the Buyer shall pay to the Sellers Seller at the Closing the amount of such other assessments paid prorated for the number of days, from, including and after the Closing.

Appears in 2 contracts

Samples: Agreement for Purchase and Sale (1st stREIT Office Inc.), Agreement of Purchase and Sale (Duke Realty Corp)

Prepaid Tax. If any portion of any assessments against the Property other than Real Estate Tax that are paid by the Sellers with respect to the Property at or prior to the applicable Closing determined on a cash (rather than accrual) basis, relate to any time including or after the applicable Closing Date, the Buyer shall pay to the Sellers at the applicable Closing the amount of such other assessments paid prorated for the number of days, from, including and after the applicable Closing.

Appears in 2 contracts

Samples: Agreement of Purchase and Sale (Healthcare Trust of America Holdings, LP), Agreement of Purchase and Sale (Duke Realty Limited Partnership/)

Prepaid Tax. If any portion of any assessments against the Real Property other than Real Estate Tax that are paid by the Sellers Seller with respect to the Real Property at or prior to the Closing Closing, determined on a cash Cash Basis (rather than accrual) accrual basis), relate to any time including or after the Closing Date, the Buyer shall pay to the Sellers Seller at the Closing the amount of such other assessments paid prorated for the number of days, from, including and after the Closing.

Appears in 1 contract

Samples: Agreement for Purchase and Sale (1st stREIT Office Inc.)

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Prepaid Tax. If any portion of any assessments against the Property other than Real Estate Tax that are paid by the Sellers Seller with respect to the Property at or prior to the Closing Closing, determined on a cash (rather than accrual) basis, relate to any time including or after the Closing Date, the Buyer shall pay to the Sellers Seller at the Closing the amount of such other assessments paid prorated for the number of days, from, including and after the Closing.. 40

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Duke Realty Limited Partnership/)

Prepaid Tax. If any portion of any assessments against the Property other than Real Estate Tax that are paid by the Sellers with respect to the Property at or prior to the Closing determined on a cash (rather than accrual) basis, relate to any period of time including or after the Closing Date, the Buyer shall pay to the Sellers at the Closing the amount of such other assessments paid prorated for the number of days, from, including and after the Closing.Closing to which such tax relates. 42

Appears in 1 contract

Samples: Agreement of Purchase and Sale (CNL Healthcare Properties, Inc.)

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