Common use of Closing Prorations Clause in Contracts

Closing Prorations. The following amounts or items shall be prorated, credited or added to the Purchase Price at Closing, and except to the extent otherwise provided herein, shall adjust the Purchase Price. All prorations shall be made as of midnight of the day prior to Closing such that Purchaser shall receive all income and shall be responsible for all expenses on the Closing Date (hereinafter defined).

Closing Prorations. The following amounts or items shall be prorated, credited or added to the Purchase Price at Closingthe Closing as appropriate, and except to the extent otherwise provided herein, shall adjust the Purchase Price. All prorations shall be made as of midnight of the day prior to Closing such that Purchaser the Parties shall receive all income and shall be responsible for all expenses on the Closing Date (hereinafter defined)Date.