Common use of Prorations Costs and Expenses Clause in Contracts

Prorations Costs and Expenses. The Parties acknowledge and agree that the Seller will be responsible for all expenses arising out of the Property prior to Closing and pursuant to the Lease, Seller will be responsible for all expenses arising out of the Property subsequent to Closing. Accordingly, there will be no prorations between Seller and Buyer at Closing.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Ascend Wellness Holdings, LLC), Purchase and Sale Agreement (Ascend Wellness Holdings, LLC)

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Prorations Costs and Expenses. The Parties acknowledge Seller acknowledges and agree agrees that the Seller will be is responsible for all expenses arising out of the Property prior to Closing and pursuant to that the Tenant under the Lease, Seller will be responsible for paying all expenses arising out of the Property subsequent to Closing. Accordingly, the Parties agree that there will be no prorations between Seller and Buyer at Closing.

Appears in 2 contracts

Samples: Purchase and Sale Agreement and Joint Escrow Instructions (TILT Holdings Inc.), Purchase and Sale Agreement (TILT Holdings Inc.)

Prorations Costs and Expenses. The Parties acknowledge Seller acknowledges and agree agrees that the Seller will be responsible for all expenses arising out paying, directly or indirectly as the parent entity of the Property prior to Closing and pursuant to tenant under the Lease, Seller will be responsible for all expenses arising out of the Property subsequent to Closing. Accordingly, the parties agree that there will be no prorations between Seller and Buyer at Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement and Joint Escrow Instructions (Innovative Industrial Properties Inc)

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Prorations Costs and Expenses. The Parties acknowledge Seller acknowledges and agree agrees that the Seller will be is responsible for all expenses arising out of the Property prior to Closing and pursuant to the Lease, Seller Tenant will be responsible for paying all expenses arising out of the Property subsequent to ClosingClosing pursuant to the Lease. Accordingly, the parties agree that there will be no prorations between Seller and Buyer at Closing.

Appears in 1 contract

Samples: Purchase and Sale Agreement and Joint Escrow Instructions

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