Common use of Prorations and Utilities Clause in Contracts

Prorations and Utilities. To the extent not otherwise prorated pursuant to this Agreement, or as reflected in Net Working Capital on the Interim Balance Sheet or the Final Balance Sheet, Purchaser and Seller shall prorate (as of the Effective Time), if applicable, current real estate and personal property lease payments, current real estate and personal property taxes, current assessments and other similar charges against real estate, plus all other income and expenses which are normally prorated upon the sale of assets of a going concern. As to power and utility charges, "final readings" as of the Closing Date shall be ordered from the utilities; the cost of obtaining such "final readings," if any to be paid for equally by Seller and Purchaser.

Prorations and Utilities. To the extent not otherwise prorated pursuant to this Agreement, or as reflected in Net Working Capital on the Interim Balance Sheet or the Final Balance Sheet, Purchaser and Seller shall prorate (as of the Effective Time), if applicable, current real estate and personal property lease payments, current real estate and personal property taxes, current assessments and other similar charges against real estate, plus all other income and expenses which are normally prorated upon the sale of assets of a going concern. As to power and utility charges, "“final readings" ” as of the Closing Date shall be ordered from the utilities; the cost of obtaining such "“final readings," ” if any any, to be paid for equally by Seller and Purchaser.