Common use of Purchase Price; Prorations Clause in Contracts

Purchase Price; Prorations. The purchase price payable by Purchaser to Seller for the Sale Assets shall be Four Million Four Hundred Sixty-Three Thousand, Eighty-Eight and 02/100 Dollars ($4,463,088.02) (the “Purchase Price”), of which One Million Six Hundred Fifty-Four Thousand Eighty-Eight and 02/100 Dollars ($1,654,088.02) shall be cash (the “Cash Portion”) and Two Million Eight Hundred Nine Thousand and No/100 Dollars ($2,809,000.00) shall be by the assumption of the Loan, payable as follows: (a) On the Closing Date, the Cash Portion shall be paid by wire transfer of immediately available United States federal funds or other method acceptable to Seller to the account or accounts designated by Seller. (b) Purchaser acknowledges that the Property is leased to the Lessee pursuant to the Lease and that Lessee pays minimum rent on a monthly basis pursuant thereto. On the Closing Date, Seller and Purchaser shall prorate the minimum rent paid under the Lease for the month in which the Closing Date occurs, such that there shall be an adjustment in favor of Purchaser in an amount determined by multiplying such minimum rent for the month in question by a fraction, the numerator of which is the number of days from and after the Closing Date through the last day of the month in which the Closing occurs and the denominator of which is the total number of days in the month in which the Closing occurs. It is the intention of the parties to adjust only the minimum rent for the month in which the Closing occurs. There shall be no other prorations or adjustments.

Purchase Price; Prorations. The purchase price payable by Purchaser to Seller for the Sale Assets shall be Four Million Six Hundred Twenty-Four Thousand Six Hundred Sixty-Three Thousand, Eighty-Eight Eighteen and 02/100 79/100 Dollars ($4,463,088.024,624,618.79) (the “Purchase Price”), of which One Million Six Hundred FiftyForty-Four Thousand EightyNine Hundred Seventy-Eight Six and 02/100 79/100 Dollars ($1,654,088.021,044,976.79) shall be cash (the “Cash Portion”) and Two Three Million Eight Five Hundred Seventy-Nine Thousand Six Hundred Forty-Two and No/100 no/100 Dollars ($2,809,000.003,579,642.00) shall be by the assumption of the Loan, payable as follows: (a) On the Closing Date, the Cash Portion shall be paid by wire transfer of immediately available United States federal funds or other method acceptable to Seller to the account or accounts designated by Seller. (b) Purchaser acknowledges that the Property is leased to the Lessee pursuant to the Lease and that Lessee pays minimum rent on a monthly basis pursuant thereto. On the Closing Date, Seller and Purchaser shall prorate the minimum rent paid under the Lease for the month in which the Closing Date occurs, such that there shall be an adjustment in favor of Purchaser in an amount determined by multiplying such minimum rent for the month in question by a fraction, the numerator of which is the number of days from and after the Closing Date through the last day of the month in which the Closing occurs and the denominator of which is the total number of days in the month in which the Closing occurs. It is the intention of the parties to adjust only the minimum rent for the month in which the Closing occurs. There shall be no other prorations or adjustments.

Purchase Price; Prorations. The purchase price payable by Purchaser to Seller for the Sale Assets shall be Four Million Four Three Hundred Twenty-Six Thousand One Hundred Sixty-Three Thousand, Eighty-Eight four and 02/100 69/100 Dollars ($4,463,088.024,326,164.69) (the “Purchase Price”), of which Two Million Five Thousand One Million Six Hundred FiftySixty-Four Thousand Eighty-Eight four and 02/100 69/100 Dollars ($1,654,088.022,005,164.69) shall be cash (the “Cash Portion”) and Two Million Eight Three Hundred Nine Twenty-One Thousand and No/100 00/100 Dollars ($2,809,000.002,321,000.00) shall be by the assumption of the Loan, payable as follows: (a) On the Closing Date, the Cash Portion shall be paid by wire transfer of immediately available United States federal funds or other method acceptable to Seller to the account or accounts designated by Seller. (b) Purchaser acknowledges that the Property is leased to the Lessee pursuant to the Lease and that Lessee pays minimum rent on a monthly basis pursuant thereto. On the Closing Date, Seller and Purchaser shall prorate the minimum rent paid under the Lease for the month in which the Closing Date occurs, such that there shall be an adjustment in favor of Purchaser in an amount determined by multiplying such minimum rent for the month in question by a fraction, the numerator of which is the number of days from and after the Closing Date through the last day of the month in which the Closing occurs and the denominator of which is the total number of days in the month in which the Closing occurs. It is the intention of the parties to adjust only the minimum rent for the month in which the Closing occurs. There shall be no other prorations or adjustments.