Common use of Fixed Rents Clause in Contracts

Fixed Rents. Except for non-refundable fees and the non-refundable portion of similar deposits (cleaning fees, security deposits, and similar items), all fixed rents ("FIXED RENTS"), paid pursuant to the Tenant Leases for the month in which the Closing occurs, shall be apportioned between Buyer and Seller based upon the number of days during the month in which the Closing Date occurs that each Party is treated as owing the Property based upon the Apportionment Date.

Fixed Rents. Except for non-refundable fees and the non-refundable portion of similar deposits (cleaning fees, security deposits, and similar items), all fixed rents ("FIXED RENTS"), paid pursuant to the Tenant Leases for the month in which the Closing occurs, shall be apportioned between Buyer and Seller Sellers based upon the number of days during the month in which the Closing Date occurs that each Party is treated as owing the Property based upon the Apportionment Date.