Common use of No Further Adjustments Clause in Contracts

No Further Adjustments. On the Final Adjustment Date, final prorations shall be made and, to the extent necessary, Buyer and Seller shall estimate items for which final sums are not available. Except for: (a) additional or supplemental real estate taxes, real estate tax credits or rebates, or other adjustments to real estate taxes due to back assessments, corrections to previous tax bills or real estate tax appeals or contests, and (b) any Additional Rents or any Percentage Rent which may be contested by Tenants or cannot be computed by the Final Adjustment Date, the Final Closing Adjustment shall be conclusive and binding upon the Seller and Buyer.

Appears in 1 contract

Sources: Purchase Agreement (Glimcher Realty Trust)

No Further Adjustments. On the Final Adjustment Date, final ---------------------- prorations shall be made and, to the extent necessary, Buyer and Seller the Partners shall estimate items for which final sums are not available. Except for: (a) additional or supplemental real estate taxes, real estate tax credits or rebates, or other adjustments to real estate taxes due to back assessments, corrections to previous tax bills or real estate tax appeals or contests, and (b) any Additional Rents Rentals or any Percentage Rent which may be contested by Tenants or cannot be computed by the Final Adjustment Date, the Final Closing Adjustment shall be conclusive and binding upon the Seller Partners and Buyer.

Appears in 1 contract

Sources: Purchase and Sale Agreement (General Growth Properties Inc)

No Further Adjustments. On the Final Adjustment Date, final prorations shall be made and, to the extent necessary, Buyer and Seller shall estimate items for which final sums are not available. Except for: (a) additional or supplemental real estate taxes, real estate tax credits or rebates, or other adjustments to real estate taxes due to back assessments, corrections to previous tax bills or real estate tax appeals or contests, and (b) any Additional Rents Rentals or any Percentage Rent which may be contested by Tenants or cannot be computed by the Final Adjustment Date, the Final Closing Adjustment shall be conclusive and binding upon the Seller and Buyer.

Appears in 1 contract

Sources: Contribution Agreement (General Growth Properties Inc)