Common use of Prorated Items Clause in Contracts

Prorated Items. The following items (on an accrual basis) shall be prorated between the applicable Seller Parties and the Buyer with respect to each of the applicable Properties as of 12:00:01 a.m., local time, on the Closing Date:

Appears in 2 contracts

Sources: Purchase and Sale Agreement (First Potomac Realty Trust), Purchase and Sale Agreement (First Potomac Realty Trust)

Prorated Items. The following items (on an accrual basis) shall be prorated between the applicable Seller Parties and the Buyer with respect to each of the applicable Properties Property as of 12:00:01 a.m., local time, on the Closing Date:

Appears in 1 contract

Sources: Purchase and Sale Agreement (First Potomac Realty Trust)