Common use of Adjustments and Apportionments Clause in Contracts

Adjustments and Apportionments. 3.1 The following are to be apportioned or adjusted as of the date of Closing (the "Closing Date"): (a) Any charges, which are not paid by the UNITED STATES GOVERNMENT GENERAL SERVICES ADMINISTRATION ("Tenant"), including but not limited to, real estate taxes, water and sewer charges, electricity, fuel and other utility charges shall be apportioned as of the Closing Date in accordance with local custom for transactions of this type. (b) Any escrow fees charged by the Title Company for acting as the escrow agent hereunder shall be shared equally by the parties. (c) Rental payments from the Tenant shall be apportioned as of the Closing Date. Rental deposits, if any, shall be paid to Buyer. (d) The following closing costs shall be paid by Buyer: i. documentary stamps, transfer and intangible taxes, if any, on Buyer's mortgages and notes; ii. recording costs on the deed, Buyer's mortgage and financing statements; iii. one half of the cost of the Owners' (Buyer's) title insurance commitment and policy and the cost of the Lender's title insurance commitment and policy; iv. survey update, if any; v. Buyer's loan costs; vi. all expenses of due diligence and all fees and expenses related to Buyer's financing; vii. all other expenses incurred by Buyer including without limitation, all legal fees and expenses of Buyer's counsel; (e) The following closing costs shall be paid by Seller: i. documentary stamps, transfer and intangible taxes on the deed; ii. one half of the cost of the Owner's (Buyer's) title insurance commitment and policy; iii. all costs associated with curative or remedial title work and the recording of any corrective title instruments and releases; iv. all other expenses incurred by Seller, including without limitation all fees and expenses of Seller's counsel. 3.2 The terms and provisions of this Section 3 shall survive the Closing Date.

Adjustments and Apportionments. 3.1 The following are to be apportioned or adjusted as of the date of Closing (the "Closing Date"): (a) Any charges, which are not paid directly by the UNITED STATES GOVERNMENT GENERAL SERVICES ADMINISTRATION ("Tenant"), TENANT including but not limited to, real estate taxes, water and sewer charges, electricity, fuel and other utility charges shall be apportioned as of the Closing Date in accordance with local custom for transactions of this type. (b) Any escrow fees charged by the Title Company for acting as the escrow agent hereunder and all real estate transfer taxes shall be shared equally by the parties. (c) Rental payments from the Tenant made to Seller before Closing, shall be apportioned as of the Closing Date. Rental deposits, if any, shall be paid to Buyer. (d) The following closing costs shall be paid by Buyer: i. documentary Documentary stamps, transfer and intangible taxes, if any, on Buyer's mortgages and notes;. ii. recording Transfer tax, intangible taxes and transfer fees shall be divided between the parties. iii. Recording costs on the deed, Buyer's mortgage and financing statements;. iiiiv. one half of the Costs described in Section 3.1(b) above. v. The cost of the Owners' (Buyer's) title insurance commitment Owner's and policy and the cost of the Lender's title insurance commitment and policy;. ivvi. Survey and survey update, if any;. v. vii. Buyer's loan costs;. viviii. all All expenses of due diligence and all fees and expenses related to Buyer's financing;. viiix. all All other expenses incurred by Buyer including without limitation, all legal fees and expenses of Buyer's counsel;. (e) The following closing costs shall be paid by Seller: i. documentary stamps, transfer and intangible taxes on the deed; ii. one half of the cost of the Owner's (Buyer's) title insurance commitment and policy; iii. all All costs associated with curative or remedial title work and the recording of any corrective title instruments and releases;. ii. Costs as described in Section 3.1 (b) above. iii. Transfer tax, intangible taxes, and transfer fees shall be divided between the parties. iv. all All other expenses incurred by Seller, including without limitation all fees and expenses of Seller's counsel. 3.2 The terms and provisions of this Section 3 shall survive the Closing Date.

Adjustments and Apportionments. 3.1 The following are to be apportioned or adjusted as of the date of Closing (the "Closing Date"): (a) Any charges, which are not paid by the UNITED STATES GOVERNMENT GENERAL SERVICES ADMINISTRATION United States Government General Services Administration ("Tenant"), including but not limited to, real estate taxes, water and sewer charges, electricity, fuel and other utility charges shall be apportioned as of the Closing Date in accordance with local custom for transactions of this type. (b) Any escrow fees charged by the Title Company for acting as the escrow agent hereunder shall be shared equally by the parties. (c) Rental payments from the Tenant shall be apportioned as of the Closing Date. Rental deposits, if any, shall be paid to Buyer. (d) The following closing costs shall be paid by Buyer: i. documentary stamps, transfer and intangible taxes, if any, on Buyer's mortgages and notes; ii. recording costs on the deed, Buyer's mortgage and financing statements; iii. one half of (1/2) the cost of the Owners' Owner's (Buyer's) title insurance commitment and policy and the cost of the Lender's title insurance commitment and policy; iv. survey update, if any; v. Buyer's loan costs; vi. all expenses of due diligence and all fees and expenses related to Buyer's financing; vii. all other expenses incurred by Buyer including without limitation, all legal fees and expenses of Buyer's counsel;. (e) The following closing costs shall be paid by Seller: i. documentary stamps, transfer and intangible taxes on the deed; ii. one half of (1/2) the cost of the Owner's (Buyer's) title insurance commitment and policy; iii. all costs associated with curative or remedial title work and the recording of any corrective title instruments and releases; iv. all other expenses incurred by Seller, including without limitation all fees and expenses of Seller's counsel. 3.2 The terms and provisions of this Section 3 shall survive the Closing Date.

Adjustments and Apportionments. 3.1 The following are to be apportioned or adjusted as of the date of Closing (the "Closing Date"): (a) Any charges, which are not paid by the UNITED STATES GOVERNMENT GENERAL SERVICES ADMINISTRATION ("Tenant"), including but not limited to, real estate taxes, water and sewer charges, electricity, fuel and other utility charges shall be apportioned as of the Closing Date in accordance with local custom for transactions of this type. (b) Any escrow fees charged by the Title Company for acting as the escrow agent hereunder shall be offset by the total interest income from the escrowed funds, and any excess shall be shared equally by the parties. (c) Rental payments from the Tenant shall be apportioned as of the Closing Date. Rental deposits, if any, shall be paid to Buyer. (d) The following closing costs shall be paid by Buyer: i. documentary stamps, transfer and intangible taxes, if any, on Buyer's mortgages and notes; ii. recording costs on the deed, Buyer's mortgage and financing statements; iii. one the cost of the Lender's and one-half (1/2) of the cost of the Owners' (Buyer's) title insurance commitment and policy and the cost of the Lender's title insurance commitment and policy; iv. survey update, if any; v. Buyer's loan costs; vi. all expenses of due diligence and all fees and expenses related to Buyer's financing; vii. all other expenses incurred by Buyer including without limitation, all legal fees and expenses of Buyer's counsel; (e) The following closing costs shall be paid by Seller: i. documentary stamps, transfer and intangible taxes on the deed; ii. one one-half of (1/2) the cost of the OwnerBuyer's (Buyer's) title insurance commitment and policy; iii. all costs associated with curative or remedial title work and the recording of any corrective title instruments and releases; iv. all other expenses incurred by Seller, including without limitation all fees and expenses of Seller's counsel. 3.2 The terms and provisions of this Section 3 shall survive the Closing Date.