Rent Prorations. ET and Genesis agree that adjustments of rent under the Lease Agreement shall be made as of the Closing Date, and a statement setting forth such adjustments shall be initialed by the parties. In addition, all security deposits and any escrow reserves which ET is holding shall be refunded to Genesis at Closing.
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Samples: Conveyance and Transfer Agreement (Eldertrust), Conveyance and Transfer Agreement (Eldertrust), Conveyance and Transfer Agreement (Eldertrust)
Rent Prorations. ET and Genesis agree that adjustments of rent under the Lease Agreement Subleases shall be made as of the Closing Date, and a statement setting forth such adjustments shall be initialed by the parties. In addition, all security deposits and any escrow reserves which ET is holding shall be refunded belong to Genesis at ClosingClosing as part of its acquisition.
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