Common use of Method of Proration Clause in Contracts

Method of Proration. Buyer and Sellers agree to prepare a schedule of prorations and exchange such schedule not later than seven (7) days prior to the Closing Date with respect to each Property. Such prorations shall be final and not subject to “true up” or other reconciliation after the Close of Escrow and shall be paid by Buyer to Sellers (if the prorations result in a net credit to the Sellers) or by Sellers to Buyer (if the prorations result in a net credit to the Buyer) by increasing or reducing the cash to be paid by Buyer at the Close of Escrow.