Examples of Apportionment Date in a sentence
Purchaser shall be responsible for causing such utilities and services to be changed to its name and shall be liable for and shall pay all utility bills for services rendered after the Apportionment Date.
Guestroom rental charges of those guests who check-in on the Apportionment Date shall be deemed incurred at check-in.
At least five business days prior to the estimated Closing Date, Seller shall furnish to Buyer a proposed schedule setting forth all short-term assets as of the Apportionment Date that are to be transferred to Buyer pursuant to this Agreement and all short-term liabilities as of the Apportionment Date that are to be assumed by Buyer pursuant to this Agreement.
If there are meters measuring the consumption of water, gas or electric current, Seller, not more than one day prior to the Apportionment Date, if possible, shall cause such meters to be read, and shall pay all utility bills for which Seller is liable upon receipt of statements therefor.
If such readings are not obtainable, then, until such time as readings are obtained, charges for all Utilities for which readings were not obtained shall be prorated as of the Apportionment Date based upon the per diem rate obtained by using the last period and bills for such Utilities that are available.