Common use of Prorations at Closing Clause in Contracts

Prorations at Closing. A. All real property taxes, if not exclusively imposed on either the Buyer or the Seller, shall be prorated to the date of Closing. B. The interest on any assessments secured by the Property shall be prorated to the date of Closing. C. The principal balance of any assessments secured by the Property that are Permitted Exceptions shall be assumed by Buyer, without credit to the Purchase Price, at Closing. D. The principal balance of any assessments secured by the Property that are not Permitted Exceptions shall be paid by Seller on or before Closing. E. All tax liens against Seller encumbering the Property shall be paid by Seller on or before Closing.

Prorations at Closing. A. All real property taxes, if not exclusively imposed on either the Buyer or the SellerSellers, shall be prorated to the date of Closing. B. The interest on any assessments secured by the Property shall be prorated to the date of Closing. C. The principal balance of any assessments secured by the Property that are Permitted Exceptions shall be assumed by Buyer, without credit to the Purchase Price, at Closing. D. The principal balance of any assessments secured by the Property that are not Permitted Exceptions shall be paid by Seller Sellers on or before Closing. E. All tax liens against Seller Sellers encumbering the Property shall be paid by Seller Sellers on or before Closing.