Common use of Prorations and Utilities Clause in Contracts

Prorations and Utilities. To the extent not otherwise prorated pursuant to this Agreement, Buyer and Seller shall prorate as of the Closing Date, any and all current real estate and personal property lease payments, charges against the real estate, power and utility charges and all other income and expenses that are normally prorated upon the sale of a going concern.

Appears in 1 contract

Sources: Asset Purchase Agreement (Medcath Corp)

Prorations and Utilities. To the extent not otherwise prorated pursuant to this Agreement, Buyer and Seller shall prorate as of the Closing Date, any and all current real estate and personal property lease payments, charges against the real estateReal Property, power and utility charges and all other income and expenses that are normally prorated upon the sale of a going concern.

Appears in 1 contract

Sources: Asset Purchase Agreement (Acadia Healthcare Company, Inc.)