Common use of Prorated amounts Clause in Contracts

Prorated amounts. The Purchase Price shall include a proration of operating expenses, rent, and any other amounts due from tenants pursuant to the Leases. Developer shall be responsible for all operating expenses, rent, and any other amounts due from tenants pursuant to the Leases allocable to the period prior to the Closing Date, and PacifiCorp shall be responsible for all operating expenses, rent, and any other amounts due from tenants pursuant to the Leases allocable to the period on and after the Closing Date. Any “true up” payments, credits, or other reimbursements received under the Leases after the Closing Date shall be allocated between Developer and PacifiCorp pro rata in accordance with the Closing Date.

Prorated amounts. The Purchase Price shall include a proration of operating expenses, rent, and any other amounts due from tenants pursuant to the Leases. Developer shall be responsible for all operating expenses, rent, and any other amounts due from tenants pursuant to the Leases allocable to the period prior to the Closing Date, and PacifiCorp shall be responsible for all operating expenses, rent, and any other amounts due from tenants pursuant to the Leases allocable to the period on and after the Closing Date. Any “true up” payments, credits, or other reimbursements received under the Leases after the Closing Date shall be allocated between Developer and PacifiCorp pro rata in accordance with the Closing Date. Closing.