Common use of Rents and other Operating Revenues Clause in Contracts

Rents and other Operating Revenues. Monthly rents and other fixed periodic payments under the Leases and any other operating revenues not otherwise provided for in this Section 8.3, shall be prorated between Buyer and Sellers as of Closing; but no proration shall be made of any rent or other revenue item which is overdue as of the Closing Date until such rent or other revenue item is actually received and Sellers shall be responsible for pursuing the payment thereof.

Appears in 2 contracts

Samples: Agreement for Purchase and Sale (Capital Lodging), Agreement for Purchase and Sale (Capital Lodging)

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Rents and other Operating Revenues. Monthly rents and other fixed periodic payments under the Leases and any other operating revenues not otherwise provided for in this Section 8.3, shall be prorated between Buyer and Sellers as of Closing; but no proration shall be made of any rent or other revenue item which is overdue as of the Closing Date until such rent or other revenue item is actually received and Sellers at which time it shall be responsible for pursuing prorated and paid to the payment thereofParties in accordance with the terms of this Agreement.

Appears in 1 contract

Samples: Domain Name Assignment Agreement (Capital Lodging)

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Rents and other Operating Revenues. Monthly rents and other fixed periodic payments under the Leases Leases, and any other operating revenues not otherwise provided for in this Section 8.37.2, shall be prorated between Buyer and Sellers Seller as of Closing; but no proration shall be made of any rent or other revenue item which is overdue as of the Closing Date until such rent or other revenue item is actually received and Sellers shall be responsible for pursuing the payment thereofreceived.

Appears in 1 contract

Samples: Joint Escrow Instructions (Marcus Corp)

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