No Apportionment. The purchase price of the Assets shall not be subject to any adjustment for any prepaid expenses of the Seller, including without limitation: (i) prepaid premiums on insurance, (ii) water and sewer use charges, (iii) security deposits, (iv) transfer taxes and recording fees, if any, incurred in connection with the transfer of the Assets contemplated hereby, or (v) real property taxes or other taxes for the then current tax period, and such prepaid amounts, if any, shall not be added to or deducted from the Base Purchase Price; provided that the purchase price shall be increased by prepaid Seller's rent, if any (and any such amount shall increase the cash portion of the Purchase Price).
Appears in 1 contract
Sources: Asset Purchase Agreement (West Coast Entertainment Corp)
No Apportionment. The purchase price of the Assets shall not be subject to any adjustment for any prepaid expenses of the Seller, including without limitation: (i) prepaid premiums on insurance, (ii) water and sewer use charges, (iii) security deposits, (iv) transfer taxes and recording fees, if any, incurred in connection with the transfer of the Assets contemplated hereby, or (v) real property taxes or other taxes for the then current tax period, and such prepaid amounts, if any, shall not be added to or deducted from the Base Purchase Price; provided that the purchase price shall be increased by prepaid Seller's prepaid rent, if any (and any such amount shall increase the cash portion of the Purchase Price).
Appears in 1 contract
Sources: Asset Purchase Agreement (West Coast Entertainment Corp)