Adjustments and Closing Costs. Unless otherwise agreed herein, adjustments, charges, and Closing costs are to be paid by the Parties as follows: Buyer shall pay (where applicable):
Adjustments and Closing Costs. 8.1 In view of the subsequent lease of each individual Property by Purchaser to Seller pursuant to the Leases and Seller’s obligations thereunder, there shall be no proration of insurance, taxes, special assessments, utilities or any other costs related to the Property between Seller and Purchaser at the Closing. Rent payable under the Leases shall be prorated as of the Closing Date.
Adjustments and Closing Costs. 1. Water rates, sewer use charges (if any), and real property taxes shall be apportioned as of the day of delivery of the deed. The parties acknowledge and agree that at the time of closing the actual taxes for fiscal 1997 are not known,and that the apportionment for real property taxes is being made on the basis of the taxes for the prior year. To facilitate the payment of real property taxes when same become due and payable, each party has paid its share of said taxes to Purchaser's title company, to be held in escrow until such taxes are due and owing. As soon as the taxes are known, the apportionment shall be recalculated, and a further adjustment, if needed, shall then be made between the parties and the parties shall pay any additional monies required to pay the taxes, in full, to Purchaser's title company. This provision shall survive delivery of the deed for 365 days.
Adjustments and Closing Costs. (a) Taxes for the then current year, prepaid rents, tenant security deposits held by SELLER, SELLER deposits held by utility companies, water, sewer use and other municipal or quasi-governmental charges which are for periods beyond the Closing Date, prepaid permit and operating charges and the value of any stored fuel serving the Premises shall be apportioned as of the day of performance of this agreement and the net amount thereof shall be added to or deducted from, as the case may be, the purchase price payable by the BUYER at the time of delivery of the deed. Said apportionments are to be done in compliance with the custom of Shelton, Connecticut. Uncollected rents shall be adjusted when received. BUYER agrees to cooperate with SELLER in SELLER'S efforts to collect past due rents and to use reasonable efforts to attempt to collect unpaid rents due to SELLER. SELLER agrees not to commence legal action against any then current tenant at the Building to collect past due rents without BUYER'S written approval, which shall not be unreasonably withheld or delayed. Payments received from tenants from and after the date of Closing shall be applied first to rents then due for the period current at the time of such receipt, and then to rents in the reverse order of delinquency (i.e. most recently past due rents paid first). BUYER shall use reasonable efforts to collect delinquent rents for the benefit of SELLER, and shall cooperate with SELLER in the collection of any delinquent amounts. BUYER shall receive a credit at closing against the Purchase Price in an amount equal to the sum of all security and other rental deposits and last month or advance rent payments (including interest thereon) paid by listed on Exhibit C-1. Fees paid in advance under any service contracts assumed by BUYER shall also be prorated through the Closing Date. The only Security Deposits held by SELLER as of the date of this Agreement are listed in Exhibit C-1 to this Agreement. SELLER shall pay all state or county documentary stamps or transfer taxes. BUYER shall pay all title insurance premiums and examination fees, survey costs and the costs of its due diligence investigations, except as may specifically be provided for herein. Each party shall be responsible for its own attorney's fees, and one-half (1/2) of all reasonable escrow fees and SELLER shall pay recording fees and charges necessary or required in order for the Deed to be recorded in the appropriate county register's or record...
Adjustments and Closing Costs. 42 Section 8.2.5
Adjustments and Closing Costs. The following adjustments and prorations shall be made on any sale of the Target Asset to the Responding Member pursuant to this Section 8.2 (references to the Company shall be deemed to be made to the respective Subsidiary Company if the Target Asset is owned by a Subsidiary Company):
Adjustments and Closing Costs. 8.1 In view of the subsequent lease of each individual Property by Purchaser to Seller pursuant to the Leases and Seller’s obligations thereunder, there shall be no proration of insurance, taxes, special assessments, utilities or any other costs related to the Property between Seller and Purchaser at the Closing. On the Closing Date, Seller shall pay Base Rent (as such term is defined in the Lease) for the period from the Closing Date through first full calendar month following the Closing Date. Purchaser acknowledges and agrees that such Base Rent shall be paid to Purchaser out of Seller’s proceeds received at the Closing.
Adjustments and Closing Costs. Unless otherwise agreed herein, adjustments, charges, and Closing costs 183 are to be paid by the Parties as follows: 184 185 187 188 (b) Hazard insurance premiums; flood insurance premium, if required by lender; (c) Credit report(s), appraisal fees and survey; 189 (d) Any charges imposed by the Buyer’s lender, for example: points, loan discount fees, private mortgage 190 191 insurance, VA funding fees, and other loan expenses; property inspections; municipal inspections and occupancy permit; 192 (e) Taxes and assessments or subdivision assessments levied after closing (see below); 193 (f) Real estate commission per written Contract with Xxxxx’s agent; and 194 Seller shall pay (where applicable): 195 (a) Existing loans on Property (if not assumed by the Buyer); 196 (b) Basic title insurance premium and other Title Company charges (including closing, recording and 197 escrow fees) customarily paid by Seller; 198 (c) Taxes and assessments and subdivision assessments levied before Closing (see Section 16) 199 and revenue stamps; 200 (d) Real estate commission per written Contract with Xxxxxx’s agent.
