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Common use of Buyer’s Costs Clause in Contracts

Buyer’s Costs. In connection with the purchase of the Property contemplated under this Contract, Buyer shall be responsible for the costs and expenses of its attorneys, accountants and other professionals, consultants and representatives. Buyer shall also be responsible for the costs and expenses in connection with the preparation of any environmental report, any update to the survey and the costs and expenses of preparation of the title insurance commitment and the issuance of the title insurance policy contemplated by Article IV and the per page recording charges for the Deed (if applicable). Buyer shall be responsible for its share of costs related to the assignment and amendment of the Franchise Agreement or the termination of the Franchise Agreement and the execution of a new franchise agreement as provided in Article V. Seller shall also be responsible for paying excess Pre-Opening Costs to the extent provided in Section 8.7 and the costs incurred after the Effective Time as provided in Section 12.1(e).

Appears in 4 contracts

Samples: Purchase Contract (Apple REIT Nine, Inc.), Purchase Contract (Apple REIT Nine, Inc.), Purchase Contract (Apple REIT Seven, Inc.)

Buyer’s Costs. In connection with the purchase of the Property contemplated under this Contract, Buyer shall be responsible for the costs and expenses of its attorneys, accountants and other professionals, consultants and representatives. Buyer shall also be responsible for the costs and expenses in connection with the preparation of any environmental report, any update to the survey and the costs and expenses of preparation of the title insurance commitment and the issuance of the title insurance policy contemplated by Article IV and the per page recording charges for the Deed (if applicable). Buyer shall be responsible for its share of the costs related to the assignment and amendment of the Franchise Agreement or the termination of the Franchise Agreement and the execution of a new franchise agreement agreement, as provided in Article V. Seller Buyer shall also be responsible for paying excess Pre-Opening Costs to the extent provided in Section 8.7 and the costs incurred after the Effective Time as provided in Section 12.1(e).

Appears in 3 contracts

Samples: Purchase Agreement, Purchase Contract (Apple REIT Seven, Inc.), Purchase Contract (Apple Reit Six Inc)

Buyer’s Costs. In connection with the purchase of the Property contemplated under this Contract, . Buyer shall be responsible for the costs and expenses of its attorneys, . accountants and other professionals, consultants and representatives. Buyer shall also be responsible for the costs and expenses in connection with the preparation of any environmental report, any update to the survey and the costs and expenses of preparation of the title insurance commitment and the issuance of the title insurance policy contemplated by Article IV and the per page recording charges for the Deed (if applicable). Buyer shall be responsible for its share of costs related to the assignment and amendment of the Franchise Agreement or the termination of the Franchise Agreement and the execution of a new franchise agreement as provided in Article V. Seller shall also be responsible for paying excess Pre-Opening Costs to the extent provided in Section 8.7 and the costs incurred after the Effective Time as provided in Section 12.1(e).

Appears in 1 contract

Samples: Purchase Contract (Apple REIT Seven, Inc.)