Common use of Proration of Expenses Clause in Contracts

Proration of Expenses. Seller and Buyer agree that in connection with entering into the Lease at Closing, there shall be no proration of utility charges or other expenses, whether accruing or payable prior to or after the Closing Date, and that all such utility charges and other expenses concerning the Property shall be borne by Tenant, as tenant under the Lease.

Appears in 1 contract

Samples: Agreement for Purchase and Sale of Real Property (Big Lots Inc)

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Proration of Expenses. Seller and Buyer agree that in connection with entering into the Lease Leases at Closing, there shall be no proration of utility charges or other expensesexpenses concerning the Property whatsoever, whether accruing or payable prior to or after the Closing Date, and that all such rents, utility charges and other expenses concerning the Property shall be borne by Tenant, as tenant under the Lease.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Valley National Bancorp)

Proration of Expenses. Seller and Buyer agree that in connection with entering into the Lease Leases at Closing, there shall be no proration of utility charges or other expenses, whether accruing or payable prior to or after the Closing Date, and that all such rents, utility charges and other expenses concerning the Property Properties shall be borne by Tenant, as tenant under the applicable Lease.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Cracker Barrel Old Country Store, Inc)

Proration of Expenses. Seller and Buyer agree that in connection with the Tenant entering into the Lease at Closing, there shall be no proration of utility charges or other expenses, whether accruing or payable prior to or after the Closing Date, and that all such utility charges and other expenses concerning the Property Properties shall be borne by the Tenant, as tenant under the Lease.

Appears in 1 contract

Samples: Agreement for Purchase and Sale of Real Property (Big Lots Inc)

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Proration of Expenses. Seller and Buyer agree that in connection with entering into the New Lease at Closing, there shall be no proration of utility charges or other expenses, whether accruing or payable prior to or after the Closing Date, and that all such utility charges charges, rent and other expenses concerning the Property shall be borne by Tenant, as tenant under the New Lease.. ​

Appears in 1 contract

Samples: Purchase and Sale Agreement (Citi Trends Inc)

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