Apportionment Time definition

Apportionment Time means 11:59 p.m. Pacific time on the date immediately prior to the Closing Date.

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Apportionment Time means 11:59 p.m. Eastern Time on the date immediately prior to the Closing Date.

Apportionment Time means 12:00 AM on the day following the Closing Date.

Examples of Apportionment Time in a sentence

The current installment of all special assessments, if any, which are a lien against the Property at the time of Closing and which are being or may be paid in installments shall be prorated as of the Apportionment Time.
If there is no such meter or if the ▇▇▇▇ for any of the foregoing will not have been issued as of the Closing Date, the charges therefor shall be adjusted as of the Apportionment Time on the basis of the charges of the prior period for which such bills were issued and shall be further adjusted between the parties when the bills for the correct period are issued.
Water, sewer, electric, fuel (if any) and other utility charges, other than those for which tenants under Leases or licensees under Licenses are responsible directly to the provider, shall be prorated as of the Apportionment Time.
Where possible, cutoff readings will be secured for all utilities as of the Apportionment Time.
All other income and ordinary operating expenses for or pertaining to the Property, including, but not limited to, maintenance, service charges, and license fees, will be prorated as of the Apportionment Time.

Apportionment Time. As defined in Section 9.1 hereof.

Apportionment Time shall have the meaning given such term in Section 9.1 of this Agreement.

Apportionment Time means 11:59 p.m. local time at the Property on the date immediately prior to the Closing Date.

Apportionment Time means 11:59 p.m. local New York, NY time on the date immediately prior to the Closing Date.

Apportionment Time means 11:59 p.m. Los Angeles, California time on the date immediately prior to the Closing Date.

Apportionment Time for each Hotel, 11:59 p.m. local time at such Hotel on the day preceding the Closing Date.

Apportionment Time shall have the meaning ascribed to it in Section 10.5(a).