Proration Date definition

Proration Date shall have the meaning given to such term in Section 11.2(a) hereof.

Proration Date means the Closing Date.

Proration Date means the specific date set for Closing in Section 3 or any subsequent date set for Closing, provided that the actual date of Closing occurs within five (5) business days after said date set for Closing.

Examples of Proration Date in a sentence

• To the extent there are any Revenues owing to Seller as of the Closing which relate to periods of time prior to the Proration Date, but which have not actually been collected by Seller as of the Closing (“Delinquent Revenues”), Buyer shall not be obligated to pay to Seller (or give Seller a credit for), the amount of such Delinquent Revenues on the Closing.

• All Operating Expenses accruing under, arising out of or relating to any of the Assumed Contracts shall be prorated between Seller and Buyer at the Closing as of the Proration Date.

• Without limiting the foregoing, in the event any supplemental or special real property taxes or assessments are levied prior to Closing, but are due and payable in one or more installments subsequent to the Closing, such supplemental or special real property taxes or assessments shall be allocated on a pro rata basis over the applicable payment period in question and prorated between Seller and Buyer as of the Proration Date.

• Neither Purchaser nor Seller shall receive credit at Closing for any payments of rental obligations due but not paid as of the Proration Date.

• Any percentage rent payable under each Lease for the year in which the Closing occurs shall be prorated between Seller and Buyer as of the Proration Date.

More Definitions of Proration Date

Proration Date means November 30, 1999.

Proration Date means 12:01 A.M. on the Closing Date.

Proration Date means the effective date of the prorations provided in Section 4.2 hereof, which is 11:59 p.m. on the eve of the Closing Date.

Proration Date shall have the meaning set forth in Section 10.2 hereof.

Proration Date has the meaning set forth in Section 7.1(a).

Proration Date means: (i) April 30, 2015 if the Closing Date is May 1, 2015; (ii) May 31 if the Closing Date is June 1, 2015; (iii) June 30, 2015 if the Closing Date is June 30, 2015; and (iv) July 31, 2015 if the Closing Date is July 31, 2015.

Proration Date. 12:01 a.m. on the Closing Date.