Common use of Buyer’s Closing Costs Clause in Contracts

Buyer’s Closing Costs. Buyer shall pay the following: (a) except as otherwise provided herein, the costs of Buyer's Due Diligence, (b) one half of the costs and expenses of all environmental and engineering reports regarding any property furnished to Buyer and any recommended and/or follow-up studies required or suggested thereby or as otherwise heretofore requested by Buyer in connection with its Due Diligence hereunder, (c) the fees and expenses of Buyer's attorneys, (d) the commission due any broker retained by Buyer, (e) all lenders' fees related to any financing to be obtained by Buyer; (f) one half of all recording charges due on recordation of any Closing Documents, (g) one half of all escrow agent fees (if any are charged in connection with this Transaction), (h) one half of the costs and expenses from the Title Company to prepare the title reports, (i) one half of the costs, expenses and premiums for the Title Commitment and Title Policy (including all endorsements reasonably requested by Buyer), (j) one half of the costs and expenses of the Surveyor to prepare the Survey, (k) one half of all costs of all transfer, documentary, excise, recording, sales or other nonrefundable taxes or assessments imposed by virtue of the Transaction, including, without limitation, any RST imposed pursuant to the Retail Sales Tax Act (Ontario) and any LTT imposed pursuant to the Land Transfer Tax Act (Ontario), provided that Seller shall provide reasonable cooperation to Buyer in reducing the total amounts described herein, (l) one half of the cost and expense of any local counsel mutually retained by Buyer and Seller in any jurisdiction where a Property is located and counsel located in Texas previously retained by Buyer prior to the Effective Date with respect to zoning matters, and one half the cost of counsel retained by the trustee in connection with the industrial revenue bond structure for the Atlanta Airport Holiday Inn, and (m) one half of the costs of any zoning reports or related zoning due diligence studies requested by Buyer in connection with its Due Diligence hereunder.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Hospitality Properties Trust)

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Buyer’s Closing Costs. Buyer shall pay the following: (a) except as otherwise provided herein, the costs of Buyer's ’s Due Diligence, (b) one half of the costs and expenses of all environmental and engineering reports regarding any property furnished to Buyer and any recommended and/or follow-up studies required or suggested thereby or as otherwise heretofore requested by Buyer in connection with its Due Diligence hereunder, (c) the fees and expenses of Buyer's ’s attorneys, (d) the commission due any broker retained by Buyer, (e) all lenders' fees related to any financing to be obtained by Buyer; (f) one half of all recording charges due on recordation of any Closing Documents, (g) one half of all escrow agent fees (if any are charged in connection with this Transaction), (h) one half of the costs and expenses from the Title Company to prepare the title reports, (i) one half of the costs, expenses and premiums for the Title Commitment and Title Policy (including all endorsements reasonably requested by Buyer), (j) one half of the costs and expenses of the Surveyor to prepare the Survey, (k) one half of all costs of all transfer, documentary, excise, recording, sales or other nonrefundable taxes or assessments imposed by virtue of the Transaction, including, without limitation, any RST imposed pursuant to the Retail Sales Tax Act (Ontario) and any LTT imposed pursuant to the Land Transfer Tax Act (Ontario), provided that Seller shall provide reasonable cooperation to Buyer in reducing the total amounts described herein, (l) one half of the cost and expense of any local counsel mutually retained by Buyer and Seller in any jurisdiction where a Property is located and counsel located in Texas previously retained by Buyer prior to the Effective Date with respect to zoning matters, and one half the cost of counsel retained by the trustee in connection with the industrial revenue bond structure for the Atlanta Airport Holiday Inn, and (m) one half of the costs of any zoning reports or related zoning due diligence studies requested by Buyer in connection with its Due Diligence hereunder.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Intercontinental Hotels Group PLC /New/)

Buyer’s Closing Costs. Buyer shall pay the following: (a) except as otherwise provided herein, the costs of Buyer's Due Diligence, (b) one half of the costs and expenses of all environmental and engineering reports regarding any property furnished to Buyer and any recommended and/or follow-up studies required or suggested thereby or as otherwise heretofore requested by Buyer in connection with its Due Diligence hereunderthereby, (c) the fees and expenses of Buyer's attorneys, (d) the commission due any broker Broker retained by Buyer, (e) all lenders' fees related to any financing to be obtained by Buyer; (f) one half of all recording charges due on recordation of any Closing Documents, (g) one half of all escrow agent fees (if any are charged in connection with this Transaction), (h) one half of the costs and expenses from the Title Company to prepare the title reports, (i) one half of the costs, expenses and premiums for the Title Commitment and Title Policy (including all endorsements reasonably requested by Buyer), (j) one half of the costs and expenses of the Surveyor to prepare costs of the Survey, (k) one half of all costs of all transfer, documentary, excise, recording, sales or other nonrefundable taxes or assessments imposed by virtue of the Transaction, including, without limitation, any RST imposed pursuant to the Retail Sales Tax Act (Ontario) and any LTT imposed pursuant to the Land Transfer Tax Act (Ontario), provided that Seller shall provide reasonable cooperation to Buyer in reducing the total amounts described herein, (l) one half of the cost and expense of any local counsel mutually retained by Buyer and Seller in any jurisdiction where a Property is located and counsel located in Texas previously retained by Buyer prior to the Effective Date date hereof with respect to zoning matters, and one half the cost of counsel retained by the trustee in connection with the industrial revenue bond structure for the Atlanta Airport Holiday Inn, and (m) one half of the costs of any zoning reports or related zoning due diligence studies requested by Buyer in connection with its Due Diligence hereunder.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Hospitality Properties Trust)

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Buyer’s Closing Costs. Buyer shall pay the following: (a) except as otherwise provided herein, the costs of Buyer's Due Diligence, (b) one half of the costs and expenses of all environmental and engineering reports regarding any property furnished to Buyer and any recommended and/or follow-up studies required or suggested thereby or as otherwise heretofore requested by Buyer in connection with its Due Diligence hereunder, (c) the fees and expenses of Buyer's attorneys, (d) the commission due any broker retained by Buyer, (e) all lenders' fees related to any financing to be obtained by Buyer; (f) one half of all recording charges due on recordation of any Closing Documents, (g) one half of all escrow agent fees (if any are charged in connection with this Transaction), (h) one half of the costs and expenses from the Title Company to prepare the title reports, (i) one half fifty percent (50%) of the costs, expenses and premiums all charges for the Title Commitment Binder (which includes reimbursement to Seller of 50% of the premium Seller paid for the Title Binder) and the Title Policy, one hundred percent (100%) of all endorsements to the Title Policy and one hundred percent (including all endorsements reasonably requested by Buyer)100%) of the cost of any reinsurance in addition to, or allocated among title companies in amounts different than the reinsurance described in the Title Binder, (jii) one half the cost of the costs and expenses of the Surveyor any new Survey or update to prepare the Survey, (kiii) one all mortgage recording taxes, if any, due in connection with the Closing; (iv) all recording and filing fees and charges incurred in connection with the recording or other filing of the Deed or any other Closing Document; (v) one-half of all costs of all transfer, documentary, excise, recording, sales or other nonrefundable taxes or assessments imposed by virtue of the Transaction, including, without limitation, any RST imposed pursuant to the Retail Sales Tax Act (Ontario) Escrow Agent's fees and any LTT imposed pursuant to the Land Transfer Tax Act (Ontario), provided that Seller shall provide reasonable cooperation to Buyer in reducing the total amounts described hereinexpenses for administering Escrow, (lvi) one half of the cost and expense of its own counsel and consultants; (vii) all fees, costs and expenses that may be payable to third parties (including Governmental Authorities, but specifically excluding fees payable to GWC and or GWC's Affiliates) in order (x) to transfer the Licenses and Permits into Buyer's name, (y) for Buyer to obtain new or substitute Licenses and Permits, and (z) for Buyer to provide any local counsel mutually retained applications or notices to, or obtain any consents or approvals from the MLC, and (viii) all costs and expenses incurred by Buyer in providing the documents, certificates, opinions and Seller in other requirements of Lender, the First Mortgage Loan and any jurisdiction where a Property is located and counsel located in Texas previously retained by Buyer prior to the Effective Date with respect to zoning matters, and one half the cost of counsel retained by the trustee applicable rating agencies in connection with the industrial revenue bond structure for the Atlanta Airport Holiday Inn, and (m) one half assumption of the costs of any zoning reports or related zoning due diligence studies requested by Buyer in connection with its Due Diligence hereunderFirst Mortgage Loan .

Appears in 1 contract

Samples: Purchase and Sale Agreement (KSL Recreation Group Inc)

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