Common use of Prepaid Taxes Clause in Contracts

Prepaid Taxes. If any portion of any other assessments (e.g. special assessments and specifically excluding Taxes) paid by Seller 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, Buyer shall pay to Seller at the Closing the proportionate amount of such other assessments paid by Seller, based upon (x) the period of time to which such other assessment applies and (y) the Closing Date.

Appears in 2 contracts

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

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