Proration Date. Taxes and assessments, insurance, assumed interest, rents, and other expenses and revenue of the Properties shall be prorated through 11:59 P.M. on the day prior to Closing (“Proration Date”).
Appears in 3 contracts
Sources: Agreement for Sale and Purchase (Corporate Property Associates 12 Inc), Sale and Purchase Agreement (Carey W P & Co LLC), Sale and Purchase Agreement (U-Store-It Trust)
Proration Date. Taxes and assessments, insurance, assumed interest, rents, rents and other expenses and revenue of the Properties Property required to be prorated hereunder shall be prorated through 11:59 P.M. on the day prior to Closing (“Proration Date”)Closing, with Buyer receiving the benefits and burdens of ownership for the date of Closing.
Appears in 2 contracts
Sources: Purchase and Sale Agreement (Strategic Storage Trust, Inc.), Purchase and Sale Agreement (Strategic Storage Trust, Inc.)
Proration Date. Taxes and assessments, insurance, assumed --------------- interest, rents, and other expenses and revenue of the Properties shall be prorated through 11:59 P.M. on the day prior to Closing (“Proration Date”)Closing.
Appears in 1 contract