Prorations definition

Prorations means those proration and adjustment amounts that are customarily applied to closings of commercial real estate transactions in the county in which the Property is located, which amounts shall be calculated as of midnight (Eastern time) of the day immediately preceding the Closing Date and shall include:

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Prorations has the meaning set forth in Section 11.2.

Prorations shall have the meaning set forth in Section 9.7(a).

Examples of Prorations in a sentence

• Seller Parent and Purchaser agree that the Proration for the cash in the Target Bank Accounts in this Section 10.1.11 is a stand-alone Proration and the calculation of all other Prorations shall be exclusive of (and in addition to) the Proration set forth in this Section 10.1.11.

• Except as specifically set forth in this Article X or in Schedule 10.1, all Prorations shall be determined in accordance with the negotiated terms of this Agreement which shall take precedence over the uniform system of accounts for the lodging industry and generally accepted accounting principles.

• Except with respect to Prorations pursuant to Section 10.1.1, which the Parties acknowledge will occur as such amounts are known, within one hundred eighty (180) days after Closing, Seller Parent shall prepare a final trued-up proration statement, including supporting documentation, which will include reprorations as of the Cut-Off Time, for Purchaser and its advisors to review.

• Prorations pursuant to this Section 10.1.14 shall be determined consistent with the balance sheet and how Employee Wages and Benefits have been historically accounted for and measured.

• Within two (2) Business Days of the date on which the Parties receive the MX AT Approvals, the Parties will mutually agree to update the Schedule 54 and weekly schedule or agree on the date of each of the Schedule 54 and the Weekly Schedule with respect to the Schedule 54 Proration Items and the Additional Proration Items, as applicable, to be used for purposes of the initial Prorations to be used in the Closing Statement for Closing.

More Definitions of Prorations

Prorations has the meaning set forth in Section 10.1 of this Agreement.

Prorations is defined in Section 2.6.

Prorations. Any apportionments or prorations of Base Rent or ---------- Additional Rent to be made under this Lease shall be computed on the basis of a three hundred sixty (360) day year, with twelve (12) months of thirty (30) days each.

Prorations means those proration and adjustment amounts that are customarily applied to closings of commercial real estate transactions in the county in which the Property is located, which amounts shall be calculated as of midnight (Eastern time) of the day immediately preceding the Closing Date. Contributor shall be entitled to Contributor’s share of all income and responsible for Contributor’s share of all expenses of the Contributed Interest, Contributed Entity and the Property for the period of time up to but not including the Closing Date, and the Operating Partnership shall be entitled to all such income and responsible for all such expenses for the period of time after and including the Closing Date. Without limiting the generality of the foregoing, the following items of income and expense shall be prorated at Closing:

Prorations has the meaning set forth in Section 2.3.2.

Prorations shall have the meaning ascribed to it in Section 7.4(e).

Prorations. Any rent for any fractional month shall be prorated based on a thirty (30) day month, and for any fractional year shall be prorated based on a three hundred sixty (360) day year.