Adjustments and Costs Sample Clauses

Adjustments and Costs. Taxes, metropolitan district charges, front footage or other benefit charges or assessments charged on an annual or other periodic basis by any State, County, District, Commission or any agency or subdivision thereof shall be adjusted and prorated to the date of Closing, except that assessments for improvements existing in or on the Property prior to the date of Closing, whether or not levied or even if payable thereafter, shall be paid by the Seller. The cost of all documentary stamps, transfer taxes, or other taxes on the act of transfer or conveyance required to be paid in full in connection with the transfer of the Property shall be paid in full by Purchaser. Costs of recordation and title examination shall be paid by Purchaser. Any special Farmland Assessment, rezoning tax, recapture tax or successor tax shall be paid in full by Seller.

Adjustments and Costs. (a) All accounts for water, sewer, gas, electrical, telephone and other public utilities payable by Seller shall be transferred to Purchaser's name effective as of the Closing Date. (b) Seller and Purchaser shall each pay their own costs and expenses (such as attorneys' and consultants' costs and expenses) incurred by such party in connection with the transactions contemplated by this Agreement not adjusted or allocated as set forth in this Section 1.4 or otherwise provided for in this Agreement.

Adjustments and Costs. The following shall be apportioned as of midnight of the day preceding the Closing Date: (a) Real estate taxes, water charges and sewer rents, if any, on the basis of the lien period for which assessed. If on the Closing Date the tax rate shall not have been fixed, the apportionment shall be based upon the tax rate for the preceding year applied to the latest assessed valuation; however, adjustment will be made when the actual tax amount is determined. If there are water meters on the Premises, Seller shall furnish readings thereof to a date not more than fifteen days prior to the Closing Date. Meter charges shall be apportioned on the basis of the last reading. Upon the taking of a subsequent actual reading, such apportionment shall be readjusted. The provisions of this clause (a) shall survive the closing for a period of thirty (30) days. (b) Any errors in computing adjustments at the closing shall be corrected after the closing. (c) If the adjustments result in a payment due Seller, such payment shall be made at the closing by a cashier's or certified check of Purchaser. If the adjustments result in a payment due Purchaser, such payment shall be credited against the cash portion of the Purchase Price due at the closing. (d) The amount of any unpaid real estate taxes, assessments, water charges and sewer rents which Seller is obligated hereunder to discharge or satisfy, with any interest or penalties thereon, at the option of Seller may be allowed as a credit to Purchaser at the closing, provided official bills therefor, showing the amount due including any interest or penalties to a date not less than two days after the Closing Date, are furnished at the closing. If on the Closing Date there are any liens or encumbrances which Seller is obligated hereunder to discharge or satisfy, Purchaser agrees to provide at the closing, upon five days prior request, separate certified checks to facilitate the discharge or satisfaction of items referred to in this paragraph. (e) If on the Closing Date the Premises shall be affected by an assessment which is or may become payable in annual installments, and the first installment is then a lien, then only the installment then due and payable shall be paid by Seller at the closing. (f) Seller shall pay any applicable transfer tax or stamp tax payable by reason of the delivery of the deed. Seller and Purchaser agree to execute, swear to, and cause to be filed any applicable transfer tax return or other return required in...

Adjustments and Costs. The following items shall be prorated, adjusted and paid as follows: (a) Seller shall pay all of the real estate transfer tax required under Maine law. (b) Seller shall deliver to Purchaser an affidavit of Maine residency pursuant to 36 M.R.S. § 5250-A, Purchaser shall withhold a portion of the Purchase Price in accordance with 36 M.R.S. § 5250-A. (c) Seller shall be responsible for sales tax, if any, imposed in connection with the transactions contemplated hereby. (d) Each party shall pay any costs and expenses incurred by such party in connection with the transactions contemplated by this Agreement not adjusted as set forth in this Section or otherwise provided for herein. 4.

Adjustments and Costs. (a) Real estate taxes for the Premises, heating oil value if applicable, and other charges and assessments affecting the Premises and customarily pro-rated between buyers and sellers of property similar to and in the same locality as the Premises shall be apportioned between Seller and Purchaser as of the Closing Date except as may otherwise be provided herein. Seller shall be responsible for taxes and all other such items to be pro-rated that constitute an expense, and shall be entitled to rents and other items that constitute income, for all periods up to the Closing Date, and shall pay in full on or prior to the Closing Date all real estate taxes and other charges and assessments allocable to periods prior to the Closing Date. Notwithstanding the foregoing, in no event shall Seller be entitled to credit at Closing on account of any income allocable to Seller that has not actually been received as of the Closing Date, but Seller shall be entitled to credit for such income if and when the same is actually received by Purchaser. If the amount of real estate taxes or other charges and payments or any items of income have not been determined at the Closing Date, such amounts shall be pro-rated using available data and the same shall be subject to re-pro-ration at such point in time as such amounts have been determined. (b) If the proration of taxes pursuant to this Agreement are based on estimated amounts, either party may present to the other party a recalculation of the proration of such taxes under Section 3(a) above, within thirty (30) days after issuance of the current year tax bills. The parties shall make the appropriate adjusting payment between them within thirty (30) days after the determination of the amount thereof on account any such recalculation.

Adjustments and Costs. The amount of the Purchase Price due at Closing shall be subject to the following adjustments and prorations: