Common use of Prorations and Credits Clause in Contracts

Prorations and Credits. The following items in this Section 5.4 shall be adjusted and prorated between Seller and Purchaser as of 11:59 P.M. on the day preceding the Closing, based upon the actual number of days in the applicable month or year:

Appears in 8 contracts

Samples: Purchase and Sale Agreement (Wells Real Estate Fund Ix Lp), Purchase and Sale Agreement (Wells Real Estate Fund Ix Lp), Purchase and Sale Agreement (Wells Real Estate Fund I)

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Prorations and Credits. The following items in this Section 5.4 shall be adjusted and prorated between Seller and Purchaser as of 11:59 P.M. on the day preceding the Closing, based upon the actual number of days in the applicable month or year:

Appears in 7 contracts

Samples: Purchase and Sale Agreement (Wells Real Estate Fund Xiii L P), Purchase and Sale Agreement (Wells Mid-Horizon Value-Added Fund I LLC), Purchase and Sale Agreement (Wells Mid-Horizon Value-Added Fund I LLC)

Prorations and Credits. The following items in this Section 5.4 6.4 shall be adjusted and prorated between Seller and Purchaser as of 11:59 P.M. on the day preceding the Closing, based upon the actual number of days in the applicable month or year:

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Cousins Properties Inc), Purchase and Sale Agreement (Cousins Properties Inc), Purchase and Sale Agreement (Cousins Properties Inc)

Prorations and Credits. The following items in this Section 5.4 3.4 shall be adjusted and prorated between Seller and Purchaser as of 11:59 P.M. on the day preceding the Closing, based upon the actual number of days in the applicable month month, quarter or year:

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Wells Real Estate Fund Xiii L P), Purchase and Sale Agreement (Wells Real Estate Fund Xiii L P)

Prorations and Credits. The following items in this Section 5.4 3.4 shall be adjusted and prorated between Seller and Purchaser as of 11:59 P.M. on the day preceding the Closing, based upon the actual number of days in the applicable month or year:

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Wells Real Estate Fund Xiii L P), Purchase and Sale Agreement (Griffin Capital Essential Asset REIT, Inc.)

Prorations and Credits. The following items in this Section 5.4 shall be adjusted and prorated between each Seller and Purchaser as of 11:59 P.M. on the day preceding the Closing, based upon the actual number of days in the applicable month or year:

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Wells Real Estate Fund Iv L P), Purchase and Sale Agreement (Wells Real Estate Fund Iv L P)

Prorations and Credits. The following items in this Section 5.4 shall will be adjusted and prorated between Seller and Purchaser as of 11:59 P.M. on the day preceding the Closing, based upon the actual number of days in the applicable month or year:

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Wells Real Estate Fund Ii), Purchase and Sale Agreement (Wells Real Estate Fund Ii)

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Prorations and Credits. The following items in this Section 5.4 shall be adjusted and prorated between Seller the Sellers and Purchaser the Purchaser, with the below prorations to be made as of 11:59 P.M. (eastern time) on the day immediately preceding the ClosingClosing Date, based upon the actual number of days in the applicable month month, year, or yearother applicable period:

Appears in 1 contract

Samples: Purchase and Sale Agreement (CTO Realty Growth, Inc.)

Prorations and Credits. The following items in this Section 5.4 3.4 shall be adjusted and prorated between Seller and Purchaser as of 11:59 P.M. on the day preceding the ClosingClosing (the “Adjustment Time”), based upon the actual number of days in the applicable month month, quarter or year:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Wells Real Estate Fund Xiii L P)

Prorations and Credits. The following items in this Section SECTION 5.4 shall be adjusted and prorated between Seller and Purchaser as of 11:59 P.M. on the day preceding the Closing, based upon the actual number of days in the applicable month or year:

Appears in 1 contract

Samples: Purchase and Sale Agreement (Standard Motor Products Inc)

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