Service Contract Payments. All payments due or made under any Service Contracts accepted by Purchaser in accordance with the provisions hereof shall be prorated as of such Residence Closing Date and the portion thereof allocable to periods beginning with such Residence Closing Date shall be charged to Purchaser at such Residence Closing, and any amounts due under the Service Contracts allocable to periods prior to such Residence Closing Date shall be charged to Seller at such Residence Closing.
Appears in 2 contracts
Sources: Purchase and Sale Agreement (Alternative Living Services Inc), Agreement of Purchase and Sale (Alternative Living Services Inc)