Common use of Reproration of Taxes Clause in Contracts

Reproration of Taxes. Within thirty (30) days of receipt of final bills for Taxes, the party receiving said final tax bills shall furnish copies of the same to the other party and shall prepare and present to such other party a calculation of the reproration of such Taxes based upon the actual amount of such Taxes for the year. The parties shall make the appropriate adjusting payment between them within thirty (30) days after presentment to such Seller of Purchaser’s calculation and appropriate back-up information. The provisions of this Section 5.4(b) shall survive the Closing for a period of one (1) year after the Closing Date.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Wells Real Estate Fund Iv L P), Purchase and Sale Agreement (Wells Real Estate Fund Iv L P)

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Reproration of Taxes. Within thirty (30) days of receipt of final bills for Taxes, the party receiving said final tax bills shall furnish copies of the same to the other party and shall prepare and present to such other party a calculation of the reproration of such Taxes based upon the actual amount of such Taxes for the yearyear on the basis of the fiscal year assessed. The parties shall make the appropriate adjusting payment between them within thirty (30) days after presentment to such Seller of Purchaser’s calculation and appropriate back-up information. The provisions of this Section 5.4(b3.4(b) shall survive the Closing for a period of one (1) year after the Closing Date.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Griffin Capital Essential Asset REIT, Inc.), Purchase and Sale Agreement (Wells Real Estate Fund Xiii L P)

Reproration of Taxes. Within thirty (30) days of after receipt of final bills for Taxes, the party receiving said final tax bills shall furnish copies of the same to the other party and shall prepare and present to such other party a calculation of the reproration of such Taxes based upon the actual amount of such Taxes for the yearyear on the basis of the fiscal year assessed. The parties shall make the appropriate adjusting payment between them within thirty (30) days after presentment to such Seller Sellers of PurchaserBuyer’s calculation and appropriate back-up information. The provisions of this Section 5.4(b10(b) shall survive the Closing for a period of one (1) year after the Closing Date.

Appears in 2 contracts

Samples: Agreement of Purchase and Sale (Gramercy Property Trust), Agreement of Purchase and Sale (Gramercy Property Trust)

Reproration of Taxes. Within thirty (30) days of receipt of final bills for Taxes, the party receiving said final tax bills shall furnish copies of the same to the other party and shall prepare and present to such other party a calculation of the reproration of such Taxes based upon the actual amount of such Taxes for the yearyear on the basis of the fiscal year assessed. The parties shall make the appropriate adjusting payment between them within thirty (30) days after presentment to such Seller of Purchaser’s calculation and appropriate back-up information. The provisions of this Section 5.4(b3.4(b) shall survive the Closing for a period of one eighteen (118) year months after the Closing Date.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Wells Real Estate Fund Xiii L P)

Reproration of Taxes. Within thirty (30) days of receipt of final bills for Taxes, the party receiving said final tax bills shall furnish copies of the same to the other party and shall prepare and present to such other party a calculation of the reproration of such Taxes based upon the actual amount of such Taxes for the year. The parties shall make the appropriate adjusting payment between them within thirty (30) days after presentment to such Seller of Purchaser’s calculation and appropriate back-up information. The provisions of this Section 5.4(b) shall survive the Closing for a period of one (1) year after the Closing Date.. PURCHASE AND SALE AGREEMENT CH2M HILL GAINESVILLE, FLORIDA 22

Appears in 1 contract

Samples: Purchase and Sale Agreement (Wells Real Estate Fund Vii L P)

Reproration of Taxes. Within thirty (30) days of receipt of final bills for Taxes, the party receiving said final tax bills shall furnish copies of the same to the other party and shall prepare and present to such other party a calculation of the reproration of such Taxes based upon the actual amount of such Taxes for the year. The parties shall make the appropriate adjusting payment between them within thirty (30) days after presentment to such Seller of Purchaser’s the calculation and appropriate back-up information. The provisions of this Section 5.4(b3.4(b) shall survive the Closing for a period of one (1) year after the Closing Date.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Wells Real Estate Fund Xiii L P)

Reproration of Taxes. Within thirty (30) days of receipt of final bills for Taxes, the party receiving said final tax bills shall furnish copies of the same to the other party and shall prepare and present to such other party a calculation of the reproration of such Taxes based upon the actual amount of such Taxes for the year. The parties shall make the appropriate adjusting payment between them within thirty (30) days after presentment to such Seller of Purchaser’s calculation and appropriate back-up information. The provisions of this Section 5.4(b) shall survive the Closing for a period of one eighteen (118) year months after the Closing Date.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Wells Real Estate Fund Ix Lp)

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Reproration of Taxes. Within thirty fifteen (3015) days of receipt of final bills for Taxes, the party receiving said final tax bills shall furnish copies of the same to the other party and shall prepare and present to such the other party a calculation of the reproration of such Taxes Taxes, based upon the actual amount of such Taxes for the yearyear in which the Closing occurs. The parties shall make the appropriate adjusting payment between them within thirty (30) days after presentment to of such Seller of Purchaser’s calculation and appropriate back-up information. The provisions of this Section 5.4(b6.4(b) shall survive the Closing for a period of one (1) year after the Closing Date.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Cousins Properties Inc)

Reproration of Taxes. Within thirty (30) days of receipt of final bills for Taxes, the party receiving said final tax bills shall furnish copies of the same to the other party and shall prepare and present to such other party a calculation of the reproration of such Taxes based upon the actual amount of such Taxes for the year. The parties shall make the appropriate adjusting payment between them within thirty (30) days after presentment to such Seller of Purchaser’s calculation and appropriate back-up information. The provisions of this Section 5.4(b) shall survive the Closing for a period of one (1) year after the Closing Date.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Wells Real Estate Fund I)

Reproration of Taxes. Within thirty forty-five (3045) days of receipt of final bills for Taxes, the party receiving said final tax bills shall furnish copies of the same to the other party and shall prepare and present to such the other party a calculation of the reproration of such Taxes Taxes, based upon the actual amount of such Taxes for the yearyear in which the Closing occurs. The parties shall make the appropriate adjusting payment between them within thirty (30) days after presentment to of such Seller of Purchaser’s calculation and appropriate back-up information. The provisions of this Section 5.4(b6.4(b) shall survive the Closing for a period of one (1) year after the Closing Date.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Cousins Properties Inc)

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