Common use of Proration Date Clause in Contracts

Proration Date. Interest and rents of the Properties and allocable to the Interests shall be prorated through 11:59 P.M. on the day prior to Closing (“Proration Date”).

Appears in 2 contracts

Sources: Sale and Purchase Agreement (Carey W P & Co LLC), Sale and Purchase Agreement (Corporate Property Associates 14 Inc)

Proration Date. Interest and Interest, rents and, if applicable, security deposits of the Properties and allocable to the Interests shall be prorated through 11:59 P.M. on the day prior to Closing (“Proration Date”).

Appears in 1 contract

Sources: Agreement for Sale and Purchase (Corporate Property Associates 14 Inc)