Common use of Initial Adjustment at Closing Clause in Contracts

Initial Adjustment at Closing. At least 5 days before the Closing Date, Seller shall provide to Buyer a statement showing its computations of the amount of the adjustments provided for in subsection (a) above based on amounts which prior to such time have actually been paid or received by Seller. Additionally, adjustment shall be made to reflect Sellers' bearing one-half (1/2) of the costs of the escrow account. Buyer and Seller shall attempt to agree upon such adjustments prior to Closing, provided that if agreement is not reached, Seller's computation shall be used at Closing, subject to further adjustment under subsection (c) below. If the amount of adjustments so determined which would result in a credit to Buyer exceeds the amount of adjustments so determined which would result in a credit to Seller, Buyer shall, as provided in Section 6.0 above, receive a credit at Closing for the amount of such excess, and if the converse is true, then, as provided in Section 6.0 above, the amount to be paid by Buyer to Seller at Closing shall be increased by the amount of such excess.

Initial Adjustment at Closing. At least 5 days before the Closing ----------------------------- Date, Seller shall provide to Buyer a statement showing its computations of the amount of the adjustments provided for in subsection (a) above based on amounts which prior to such time have actually been paid or received by Seller. Additionally, adjustment Such statement shall be made to also reflect Sellers' bearing one-half (1/2) of the costs of the escrow accountany other adjustments provided for under this Agreement. Buyer and Seller shall attempt to agree upon such adjustments prior to Closing, provided that if agreement is not reached, Seller's computation shall be used at Closing, subject to further adjustment under subsection subsections (c) and (d) below. If the amount of adjustments so determined which would result in a credit to Buyer exceeds exceed the amount of adjustments so determined which would result in a credit to Seller, Buyer shall, as provided in Section 6.0 11 above, receive a credit at Closing for the amount of such excess, and and, if the converse is true, then, as provided in Section 6.0 11 above, the amount to be paid by Buyer to Seller at Closing shall be increased by the amount of such excess.

Initial Adjustment at Closing. At least 5 five (5) days before the Closing Date, Seller shall provide to Buyer a statement (the “Initial Settlement Statement”) in the form attached hereto as Exhibit 12.3 showing its Seller’s computations of the amount of the adjustments provided for in subsection (a) above based on amounts which prior to such time have actually been paid or received by Seller. Additionallyin Section 12.1 and (b) in Article VIII and Article XIV, adjustment shall be made to reflect Sellers' bearing one-half (1/2) of the costs of the escrow accountif any. Buyer and Seller shall attempt to agree upon such adjustments prior to Closing, provided that if agreement is not reached, Seller's ’s computation shall be used at Closing, subject to further adjustment under subsection (c) Section 12.3 below. If Without duplication of the Base Purchase Price adjustments contemplated by Section 12.1, if the amount of adjustments so determined which would result in a credit to Buyer exceeds exceed the amount of adjustments so determined which would result in a credit to Seller, Buyer shall, as provided in Section 6.0 above, shall receive a credit at Closing for the amount of such excess, and if the converse is true, then, as provided in Section 6.0 above, then the amount to be paid by Buyer to Seller at Closing shall be increased by the amount of such excess.