Common use of Prorating Clause in Contracts

Prorating. If applicable, personal property taxes, real estate taxes, rents, lease deposits, licenses, services, etc. and other prepaid deposits or expenses Buyer benefits from shall be prorated as of close of escrow. Buyer through escrow shall pay Seller prorated amount.

Appears in 1 contract

Sources: Commercial Real Estate and/or Business Purchase Agreement

Prorating. If applicable, personal property taxes, real estate taxes, rents, lease deposits, licenses, services, etc. and other prepaid deposits or expenses Buyer benefits beneits from shall be prorated as of close of escrow. Buyer through escrow shall pay Seller prorated amount.

Appears in 1 contract

Sources: Commercial Real Estate and/or Business Purchase Agreement