PRORATIONS AND CREDITS AT CLOSING. In each proration set forth below, the portion thereof allocable to periods beginning with the applicable Residence Closing Date shall be credited to Purchaser, or charged to Purchaser, as applicable, as of 12:01 a.m. on the applicable Residence Closing. The following items shall be prorated between Purchaser and Seller or credited to Purchaser or Seller at the Residence Closing of each Construction Residence:
Appears in 1 contract
Sources: Agreement of Purchase and Sale (Alternative Living Services Inc)
PRORATIONS AND CREDITS AT CLOSING. In each proration set forth below, the portion thereof allocable to periods beginning with the applicable Residence Closing Date shall be credited to Purchaser, or charged to Purchaser, as applicable, as of 12:01 a.m. on the applicable Residence Closing. The following items shall be prorated between Purchaser and Seller or credited to Purchaser or Seller at the Residence Closing of each Construction Operating Residence:
Appears in 1 contract
Sources: Purchase and Sale Agreement (Alternative Living Services Inc)