Common use of Prepaids Clause in Contracts

Prepaids. Prepaid insurance premiums, utility charges, rentals and any other prepaids or accrued payables applicable to periods following the Effective Date, if any, attributable to the Properties shall be prorated as of the Effective Date, and amounts owing from such proration shall be settled in the Accounting.

Appears in 4 contracts

Samples: Acquisition and Consulting Agreement (PetroHunter Energy Corp), Acquisition and Consulting Agreement (PetroHunter Energy Corp), Acquisition and Consulting Agreement (PetroHunter Energy Corp)

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Prepaids. Prepaid insurance premiums, utility charges, rentals and any other prepaids or accrued payables applicable to periods following the Effective DateTime, if any, attributable to the Properties shall be prorated as of the Effective DateTime, and amounts owing from such proration shall be settled in the AccountingFinal Accounting Settlement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (PetroHunter Energy Corp)

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