Examples of Closing Prorations in a sentence
Closing, Prorations, Special Assessments and Warranties Transfer.
The Closing Prorations and the Purchase Price shall be recalculated using such finally determined amounts in lieu of the estimates of such amounts used in the calculation of the Purchase Price payable at Closing.
The Closing Prorations Statement will identify in each case the customer, landlord, vendor, or other relevant party, the aggregate amount of the revenue received or to be received or the expense paid, the amount of the revenue or expense to be allocated to Buyer and to Seller with respect to each proration, and any other information Buyer and Seller agree to.
Upon receipt of same, Seller will have thirty (30) days to review the Proposed Final Closing Prorations and either confirm in writing their agreement with, or dispute of, the Proposed Final Closing Prorations.
Notwithstanding anything to the contrary stated in this Section 7.5.8, except for any Post Closing Prorations (which must be determined and paid within one (1) year after the applicable Closing or such other period as provided in this Section 7.5.8), all prorations made under this Section 7.5.8 shall be final as of the applicable Closing and shall not be subject to further adjustment (whether due to an error or for any other reason) after the applicable Closing.
If the Final Closing Prorations are different from the Estimated Closing Prorations, the Buyer and the Seller shall make payments to one another as is required for each party to receive its full share of the Final Closing Prorations due to it, by wire transfer of immediately available funds as directed by the Buyer or Seller, as applicable.
No customer has paid Seller for any billboard rental for the period beyond July 31, 2015 except as set forth in the Closing Prorations Statement.
Closing Prorations (a) Purchaser acknowledges and agrees that Purchaser is now and after Closing shall continue to be solely responsible for all real property and personal property ad valorem taxes and any annual special assessments relating to the Acquired Assets, and therefore, such Taxes will not be pro rated in connection with the transfer of the Acquired Assets.
No later than one hundred eighty (180) days after the Closing Date, the Buyer shall deliver to Seller a final proposed calculation of the Closing Prorations (the “Proposed Final Closing Prorations”).
On the Business Day immediately prior to the ClosingDate, Seller shall deliver to Buyer an estimate of the closing prorations (the Estimated Closing Prorations), which Estimated Closing Prorations shall be calculated based on the provisions of this Section 1.7.