Common use of Prorations and Adjustments at Closing Clause in Contracts

Prorations and Adjustments at Closing. Ad Valorem and similar taxes ---------------------------------------- assessed against the Land shall be prorated between Seller and Purchaser at the time of Closing on the basis of a 365 day year. Prorations shall be based upon current year's taxes and assessments, if available, or upon figures for the last preceding year, in which event Purchaser and Seller shall readjust the prorations when the current year's taxes and assessments become available. Any special assessments applicable to the Land including, but no limited to, "rollback" or other similar assessments or taxes which apply on a change in use of the Land, if any, whether payable in a lump sum, in installments or otherwise, shall be paid by Seller. The foregoing obligations shall survive the Closing.

Prorations and Adjustments at Closing. Ad Valorem Velorem and similar taxes ---------------------------------------- assessed against the Land shall be prorated between Seller and Purchaser at the time of Closing on the basis of a 365 day year. Prorations shall be based upon current year's taxes and assessments, if available, or upon figures for the last preceding year, in which event Purchaser and Seller shall readjust the prorations when the current year's taxes and assessments become available. Any special assessments applicable to the Land including, but no not limited to, "rollback" or other similar assessments or taxes which apply on a change in use of the Land, if any, whether payable in a lump sum, in installments or otherwise, shall be paid by Seller. The foregoing obligations shall survive the Closing.

Prorations and Adjustments at Closing. Ad Valorem and similar taxes ---------------------------------------- assessed against the Land shall be prorated between Seller and Purchaser at the time of Closing on the basis of a 365 day year. Prorations shall be based upon current year's taxes and assessments, if available, or upon figures for the last preceding year, in which event Purchaser and Seller shall readjust the prorations when the current year's taxes and assessments become available. Any special assessments applicable to the Land including, but no limited to, "rollback" or other similar assessments assessment or taxes which apply on a change in use of the Land, if any, whether whether, payable in a lump sum, in installments or otherwise, shall be paid by Seller. The foregoing obligations shall survive the Closing.

Prorations and Adjustments at Closing. Ad Valorem and similar taxes ---------------------------------------- assessed against the Land shall be prorated between Seller seller and Purchaser at the time of Closing on the basis of a 365 day year. Prorations shall be based upon current year's taxes and assessments, if available, or upon figures for the last preceding year, in which event Purchaser and Seller shall readjust the prorations when the current year's taxes and assessments become available. Any special assessments applicable to the Land including, but no not limited to, "rollback" or other similar assessments or taxes which apply on a change in use of the Land, if any, whether payable in a lump sum, in installments or otherwise, shall be paid by Seller. The foregoing obligations shall survive the Closing.