Closing Prorations and Adjustments. The provisions of this Section 4.3 shall survive the Closing. Seller shall prepare a statement of the prorations and adjustments required by this Agreement (the “Joint Closing Statement”) and submit it to Purchaser for approval at least five (5) business days prior to the Closing Date. The items listed below are to be equitably prorated or adjusted as of the close of business on the Closing Date, it being understood that, for purposes of prorations and adjustments, Seller shall be deemed the owner of the Property on the day immediately preceding the Closing Date and Purchaser shall be deemed the owner of the Property as of the day of the Closing Date.
Appears in 1 contract
Sources: Real Estate Sale Agreement (Behringer Harvard Reit I Inc)
Closing Prorations and Adjustments. The provisions of this Section 4.3 shall survive the Closing. Seller shall prepare a statement of the prorations and adjustments required by this Agreement (the “Joint Closing Statement”) "CLOSING STATEMENT"), and submit it to Purchaser for approval at least five one (51) business days day prior to the Closing Date. The items listed below are to be equitably prorated or adjusted as of the close of business on the Closing Date, except as provided otherwise below, it being understood that, that for purposes of prorations and adjustments, Seller shall be deemed the owner of the Property on the such day immediately preceding the Closing Date and Purchaser shall be deemed the owner of the Property as of the day of after the Closing Date.
Appears in 1 contract
Sources: Real Estate Sale and Lease Termination Agreement (Brocade Communications Systems Inc)
Closing Prorations and Adjustments. The provisions of this Section 4.3 shall survive the Closing. Seller shall prepare a statement of the prorations and adjustments required by this Agreement (the “Joint "Closing Statement”) "), and submit it to Purchaser for approval at least five one (51) business days day prior to the Closing Date. The items listed below are to be equitably prorated or adjusted as of the close of business on the Closing Date, it being understood that, that for purposes of prorations and adjustments, Seller Purchaser shall be deemed the owner of the Property on the day immediately preceding the Closing Date and Purchaser Seller shall be deemed the owner of the Property as of the day of prior to the Closing Date.
Appears in 1 contract
Sources: Real Estate Sale Agreement (Bedford Property Investors Inc/Md)
Closing Prorations and Adjustments. The provisions of this Section 4.3 shall survive the ClosingClosing for a period of one (1) year. Seller shall prepare a statement of the prorations and adjustments required by this Agreement (the “Joint Closing Statement”) ), and submit it to Purchaser for approval as far in advance of the Closing Date as commercially reasonable, but in any event, at least five two (52) business days prior to the Closing Date. The items listed below are to be equitably prorated or adjusted as of 12:01 A.M. local time at the close of business Real Property on the Closing Date, it being understood that, that for purposes of prorations and adjustments, Purchaser shall be deemed the owner of the Property on such day and Seller shall be deemed the owner of the Property on the day immediately preceding the Closing Date and Purchaser shall be deemed the owner of the Property as of the day of the Closing Dateprior to such day.
Appears in 1 contract
Sources: Purchase and Sale Agreement (Retail Opportunity Investments Corp)
Closing Prorations and Adjustments. The provisions of this Section 4.3 shall survive the Closing. Seller The Title Company shall prepare a statement of the prorations and adjustments required by this Agreement (the “Joint Closing Statement”) ), and submit it to Purchaser and Seller for approval at least five one (51) business days day prior to the Closing Date. The items listed below are to be equitably prorated or adjusted as of the close of business on the Closing Date, except as provided otherwise below, it being understood that, that for purposes of prorations and adjustments, Seller shall be deemed the owner of the Property on the such day immediately preceding the Closing Date and Purchaser shall be deemed the owner of the Property as of the day of after the Closing Date.
Appears in 1 contract
Sources: Real Estate Sale Agreement (Brocade Communications Systems Inc)