Common use of Closing Prorations Clause in Contracts

Closing Prorations. The items in subsections (i) through (v) of this Section 7.5.1 shall be prorated between Transferor and Transferee as of the close of the day immediately preceding the Closing Date, the Closing Date being a day of income and expense to Transferee:

Appears in 2 contracts

Sources: Acquisition and Contribution Agreement (Colonial Realty Limited Partnership), Acquisition and Contribution Agreement (Colonial Realty Limited Partnership)