Common use of Proration and Credits Clause in Contracts

Proration and Credits. Real property taxes shall be prorated between Buyer and Seller as of the Close of Escrow based on the latest available tax information. The pro ration shall be based on a 30-day month and a 360 day year.

Appears in 3 contracts

Samples: Disposition and Development Agreement, Disposition and Development Agreement, Disposition and Development Agreement

AutoNDA by SimpleDocs

Proration and Credits. Real property taxes shall be prorated between Buyer and Seller as of the Close of Escrow based on the latest available tax information. The pro ration shall be based on a 30-day month and a 360 360-day year.

Appears in 2 contracts

Samples: Disposition and Development Agreement, Disposition and Development Agreement

AutoNDA by SimpleDocs

Proration and Credits. Real property taxes shall be prorated between Buyer and Seller as of the Close of Escrow based on the latest available tax information. The pro ration shall be based on a 30-day 30‐day month and a 360 day year.

Appears in 1 contract

Samples: Disposition and Development Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!