PURPOSE AND INTENT. Except as expressly provided herein, the purpose and intent as to the provisions of prorations and apportionments set forth in this Section 7 and elsewhere in this Agreement is that Seller shall bear all expenses of ownership and operation of the Property and shall receive all income therefrom accruing through midnight of the day preceding the Closing and Purchaser shall bear all such expenses and receive all such income accruing thereafter.
Appears in 4 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Heritage Insurance Holdings, LLC), Purchase and Sale Agreement (Heritage Insurance Holdings, LLC)
PURPOSE AND INTENT. Except as expressly provided herein, the purpose and intent as to the provisions of prorations and apportionments set forth in this Section 7 6 and elsewhere in this Agreement is that Seller shall bear all expenses of ownership and operation of the Property and shall receive all income therefrom accruing through midnight 11:59 p.m. at the end of the day preceding the Closing and Purchaser shall bear all such expenses and receive all such income accruing thereafter.
Appears in 4 contracts
Samples: Purchase and Sale Agreement (Cole Office & Industrial REIT (CCIT II), Inc.), Purchase and Sale Agreement (Cole Corporate Income Trust, Inc.), Purchase and Sale Agreement (Cole Corporate Income Trust, Inc.)
PURPOSE AND INTENT. Except as expressly provided herein, the purpose and intent as to the provisions of prorations and apportionments set forth in this Section 7 6 and elsewhere in this Agreement is that Seller shall bear all expenses of ownership and operation of the Property and shall receive all income therefrom accruing through midnight at the end of the day preceding the Closing Date and Purchaser shall bear all such expenses and receive all such income accruing thereafter.
Appears in 3 contracts
Samples: Purchase and Sale Agreement (Resource Real Estate Opportunity REIT II, Inc.), Purchase and Sale Agreement (Resource Real Estate Opportunity REIT, Inc.), Purchase and Sale Agreement (KBS Real Estate Investment Trust III, Inc.)
PURPOSE AND INTENT. Except as expressly provided herein, the purpose and intent as to the provisions of prorations and apportionments set forth in this Section 7 and elsewhere in this Agreement is that Seller Sellers shall bear all expenses of ownership and operation of the Property and shall receive all income therefrom accruing through midnight 11:59 p.m. of the day preceding the Closing Date and Purchaser shall bear all such expenses and receive all such income accruing thereafter.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Developers Diversified Realty Corp), Purchase and Sale Agreement (Developers Diversified Realty Corp)
PURPOSE AND INTENT. Except as expressly provided herein, the purpose and intent as to the provisions of prorations and apportionments as set forth in this Section 7 8 and elsewhere in this Agreement is that Seller shall bear all expenses of ownership and operation of the Property and shall receive all income therefrom accruing through midnight at the end of the day preceding the Closing Date and Purchaser Buyer shall bear all such expenses and receive all such income accruing thereafter.
Appears in 2 contracts
Samples: Real Estate Purchase and Sale Agreement, Real Estate Purchase and Sale Agreement
PURPOSE AND INTENT. Except as expressly provided herein, the purpose and intent as to the provisions of prorations and apportionments set forth in this Section 7 6 and elsewhere in this Agreement is that Seller shall bear all expenses of ownership and operation of the Property and shall receive all income therefrom accruing through midnight at the end of the day preceding the Closing and Purchaser shall bear all such expenses and receive all such income accruing thereafter.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Griffin Capital Essential Asset REIT, Inc.), Purchase and Sale Agreement (Brookdale Living Communities Inc)
PURPOSE AND INTENT. Except as expressly provided herein, the purpose and intent as to the provisions of prorations and apportionments set forth in this Section 7 SECTION 6 and elsewhere in this Agreement is that Seller shall bear all expenses of ownership and operation of the Property and shall receive all income therefrom accruing through midnight at the end of the day preceding the Closing Date and Purchaser shall bear all such expenses and receive all such income accruing thereafter.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Inland Western Retail Real Estate Trust Inc)
PURPOSE AND INTENT. Except as expressly provided herein, the purpose and intent as to the provisions of prorations and apportionments set forth in this Section 7 6 and elsewhere in this Agreement is that Seller shall bear all expenses of ownership and operation of the Property and shall receive all income and credits therefrom accruing through midnight at the end of the day preceding the Closing Date and Purchaser shall bear all such expenses and receive all such income accruing thereafter.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Wells Core Office Income Reit Inc)
PURPOSE AND INTENT. Except as expressly provided herein, the purpose and intent as to the provisions of prorations and apportionments set forth in this Section 7 6 and elsewhere in this Agreement is that Seller shall bear all expenses of ownership and operation of the Property and shall receive all income therefrom accruing through midnight at the end of the day preceding the Closing Date, and Purchaser shall bear all such expenses and receive all such income accruing thereafter.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Wells Real Estate Fund Xiv Lp)
PURPOSE AND INTENT. Except as expressly provided herein, the purpose and intent as to the provisions of prorations and apportionments set forth in this Section 7 8 and elsewhere in this Agreement is that Seller shall bear all expenses of ownership and operation of the Property and shall receive all income therefrom accruing through midnight of 11:59 p.m. (Eastern Standard time) on the day date immediately preceding the Closing Date, and Purchaser Buyer shall bear all such expenses and receive all such income accruing thereafter.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Edac Technologies Corp)
PURPOSE AND INTENT. Except as expressly provided herein, the purpose and intent as to the provisions of prorations and apportionments set forth in this Section 7 6 and elsewhere in this Agreement is that Seller shall bear all expenses of ownership and operation of the Property and shall receive all income therefrom accruing through midnight at the end of the day preceding the Closing and Purchaser shall bear all such expenses and receive all such income accruing thereafter.. {00869287.1} PURCHASE AND SALE AGREEMENT PAGE GSA-Social Security-Norfolk
Appears in 1 contract
Samples: Purchase and Sale Agreement (HC Government Realty Trust, Inc.)
PURPOSE AND INTENT. Except as expressly provided herein, the purpose and intent as to the provisions of prorations and apportionments set forth in this Section 7 9 and elsewhere in this Agreement is that Seller shall will bear all expenses of ownership and operation of the Property during its period of ownership and shall will receive all income therefrom accruing through midnight of the day preceding the Closing and Purchaser shall will bear all such expenses and receive all such income accruing thereafter.
Appears in 1 contract
Samples: Purchase and Sale Agreement
PURPOSE AND INTENT. Except as expressly provided herein, the purpose and intent as to the provisions of prorations and apportionments set forth in this Section 7 and elsewhere in this Agreement is that Seller shall bear all expenses of ownership and operation of the Property and shall receive all income therefrom accruing through midnight of the day preceding the Closing and Purchaser Buyer shall bear all such expenses and receive all such income accruing thereafter.
Appears in 1 contract
Samples: Loan Sale Agreement (Resource Real Estate Opportunity REIT, Inc.)
PURPOSE AND INTENT. Except as expressly provided herein, the purpose and intent as to the provisions of prorations and apportionments set forth in this Section 7 6 and elsewhere in this Agreement is that Seller shall bear all Seller's Allocable Percentage of the expenses of ownership and operation of the Property and shall receive all Seller's Allocable Percentage of the income therefrom accruing through midnight at the end of the day preceding the Closing and Purchaser shall bear all such expenses and receive all such income accruing thereafter.
Appears in 1 contract
PURPOSE AND INTENT. Except as expressly provided herein, the purpose and intent as to the provisions of prorations and apportionments set forth in this Section 7 and elsewhere in this Agreement is that Seller Sellers shall bear all expenses of ownership and operation of the Property and shall receive all income therefrom accruing through midnight 11:59 p.m. of the day preceding the Closing Date and Purchaser shall bear all such expenses and receive all such income accruing thereafter.. PURCHASE AND SALE AGREEMENT - PAGE 38 CPR PROPERTY
Appears in 1 contract
Samples: Purchase and Sale Agreement (Developers Diversified Realty Corp)
PURPOSE AND INTENT. Except as expressly provided herein, the purpose and intent as to the provisions of prorations and apportionments set forth in this Section 7 6 and elsewhere in this Agreement is that Seller shall bear all expenses of ownership and operation of the Property and shall receive all income therefrom accruing to the extent properly allocable to any period through midnight 11.59 p.m. CST at the end of the day preceding the Closing Date and Purchaser shall bear all such expenses and receive all such income accruing properly allocable to any period thereafter.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Resource Apartment REIT III, Inc.)
PURPOSE AND INTENT. Except as expressly provided herein, the purpose and intent as to the provisions of prorations and apportionments set forth in this Section 7 and XXXXX PROMENADE β PAGE 18 elsewhere in this Agreement is that Seller shall bear all expenses of ownership and operation of the Property during its period of ownership and shall receive all income therefrom accruing through midnight of the day preceding the Closing and Purchaser shall bear all such expenses and receive all such income accruing thereafter.
Appears in 1 contract
Samples: Purchase and Sale Agreement (TNP Strategic Retail Trust, Inc.)
PURPOSE AND INTENT. Except as expressly provided herein, the purpose and intent as to the provisions of prorations and apportionments set forth in this Section 7 and elsewhere in this Agreement is that Seller shall bear all expenses of ownership and operation of the Property and shall receive all income therefrom accruing through midnight at the end of the day preceding the Closing Date and Purchaser shall bear all such expenses and receive all such income accruing thereafter.
Appears in 1 contract
PURPOSE AND INTENT. Except as expressly provided herein, the purpose and intent as to the provisions of for prorations and apportionments set forth in this Section 7 and elsewhere in this Agreement is that Seller shall bear all expenses of ownership and operation of the Property and shall receive all income therefrom accruing through midnight of 11:59 p.m. on the day preceding the Closing and Purchaser shall bear all such expenses and receive all such income accruing thereafter.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Gyrodyne Co of America Inc)
PURPOSE AND INTENT. Except as expressly provided herein, the purpose and intent as to the provisions of prorations and apportionments set forth in this Section 7 and elsewhere in this Agreement is that Seller shall bear all expenses of ownership and operation of the Property and shall receive all income therefrom accruing through midnight at the end of the day preceding the Closing and Purchaser Buyer shall bear all such expenses and receive all such income accruing thereafter.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Behringer Harvard Reit I Inc)
PURPOSE AND INTENT. Except as expressly provided herein, the purpose and intent as to the provisions of prorations and apportionments set forth in this Section 7 and elsewhere in this Agreement is that Seller shall bear all expenses of ownership and operation of the Property during its period of ownership and shall receive all income therefrom accruing through midnight of the day preceding the Closing and Purchaser shall bear all such expenses and receive all such income accruing thereafter.
Appears in 1 contract
Samples: Purchase and Sale Agreement
PURPOSE AND INTENT. Except as expressly provided herein, the purpose and intent as to the provisions of prorations and apportionments set forth in this Section 7 and elsewhere in this Agreement is that Seller shall bear all expenses of ownership and operation of the Property during its period of ownership and shall receive all income therefrom accruing through midnight of the day preceding the Closing Date and Purchaser shall bear all such expenses and receive all such income accruing thereafter.
Appears in 1 contract
PURPOSE AND INTENT. Except as expressly provided herein, the purpose and intent as to the provisions of prorations and apportionments set forth in this Section 7 6 and elsewhere in this Agreement is that Seller shall bear all expenses of ownership and operation of the Property and shall receive all income therefrom accruing through midnight at the end of the day preceding the Closing Date and Purchaser Buyer shall bear all such expenses and receive all such income accruing thereafter.
Appears in 1 contract
Samples: Purchase and Sale Agreement
PURPOSE AND INTENT. Except as expressly provided herein, the purpose and intent as to the provisions of prorations and apportionments set forth in this Section 7 6 and elsewhere in this Agreement is that Seller shall bear all expenses of ownership and operation of the Property and shall receive all income therefrom accruing through midnight at the end of the day preceding the Closing Date and Purchaser shall bear all such expenses and receive all such income accruing thereafter. The provisions of this Section 6 shall survive the Closing.
Appears in 1 contract
Samples: Purchase and Sale Agreement
