Common use of Proration Statement Clause in Contracts

Proration Statement. As soon as reasonably possible prior to Closing, Seller and Buyer shall work together in good faith to prepare a joint statement of the prorations required by this Section (“Proration Statement”), and shall deliver the Proration Statement to the Closing Agent for use in preparing the final settlement statements.

Appears in 9 contracts

Samples: Agreement for Sale and Purchase of Property (Investors Real Estate Trust), Agreement for Sale and Purchase of Property (Investors Real Estate Trust), Agreement for Sale and Purchase of Property (Investors Real Estate Trust)

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Proration Statement. As soon as reasonably possible prior to Closing (but no later than three (3) business days prior to Closing), Seller and Buyer shall work together in good faith to prepare a joint statement of the prorations required by this Section (“Proration Statement”), and shall deliver the Proration Statement to the Closing Agent for use in preparing the final settlement statements.

Appears in 1 contract

Samples: Sale and Purchase Agreement (Investors Real Estate Trust)

Proration Statement. As soon as reasonably possible prior to Closing, Seller and Buyer shall work together in good faith to prepare a joint statement of the prorations required by this Section (“Proration Statement”), and shall deliver the Proration Statement to the Closing Escrow Agent for use in preparing the final settlement statements.

Appears in 1 contract

Samples: Contribution Agreement (Investors Real Estate Trust)

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Proration Statement. As soon as reasonably possible prior to Closing, Seller and Buyer shall work together in good faith to prepare a joint statement of the prorations required by this Section (“Proration Statement”), and shall deliver the Proration Statement to the Closing Agent for use in preparing the final settlement statementsstatement.

Appears in 1 contract

Samples: Sale and Purchase Agreement (KBS Legacy Partners Apartment REIT, Inc.)

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