Closing and Other Costs. Seller shall pay the following Closing and other costs: (a) preparation of all assignments and other instruments of conveyance, assignment and transfer necessary to consummate the transactions herein; (b) the cost of discharging any monetary liens; and (c) the cost of all assessments, transfer taxes, stamp taxes and conveyance fees. Each party shall pay its own legal and related expenses.
Closing and Other Costs. The Contract allocates responsibility for closing costs between Buyer and Regions in connection with the sale of the Property. Regions’ obligation to pay (or to reimburse Buyer) for any closing costs is contingent upon the sale closing. Regions does not agree to pay any closing or other costs or to satisfy any liens or encumbrances other than as expressly provided in the Contract. In the event that, notwithstanding Buyer’s investigation of title to the Property, it is determined at or before closing that the Property is subject to any taxes, liens, dues, or other assessments or charges encumbering or relating to the Property that are not contemplated by the Contract (“Unexpected Charges”), Regions shall not be obligated to pay any such Unexpected Charges or to obtain the release of any such encumbrances, but Regions may do so at its option. If Regions is unable or unwilling to pay such Unexpected Charges or obtain the release of such encumbrances, Buyer shall have the option of either accepting the Property subject to such Unexpected Charges and encumbrances or canceling the Contract and recovering Buyer’s xxxxxxx money by notifying Regions in writing within 48 hours of receipt of Regions’ written refusal to pay such Unexpected Charges or obtain the release of such encumbrances. Xxxxx’s failure to notify Regions of Buyer’s election to terminate the Contract, as herein provided, shall conclusively be considered Buyer’s acceptance of the Property subject to such Unexpected Charges and/or or encumbrances. After closing, all conditions, Unexpected Charges and encumbrances on the Property are the responsibility of Buyer.
Closing and Other Costs. (a) Buyer shall pay (i) any governmental registration, documentary transfer or transaction taxes or fees due in connection with the transfer of the Loan from Seller to Buyer, (ii) any filing or recording fees or costs incurred costs incurred or charged by any title company, and (iii) any sales or use taxes determined to be payable in connection with this transaction, (iv) be responsible for the payment of any unpaid real estate taxes associated with the collateral properties (if any).
(b) Each party hereto shall pay its own legal fees and other costs in this transaction.
Closing and Other Costs. 7.4.1. Seller and Purchaser shall each bear its own counsel’s fees and expenses in connection with the transactions described in this Agreement.
7.4.2. Purchaser shall pay all costs of Purchaser’s due diligence investigations of the Interests and the Hotels.
7.4.3. All other costs and expenses incident to this transaction and the Closing hereof and not specifically set forth in this Section 7.4 or elsewhere in this Agreement shall be paid by Seller and Purchaser in a manner consistent with custom for similar transactions in the city where the Hotel is located.
7.4.4. The provisions of this Section 7.4 shall survive the Closing indefinitely.
Closing and Other Costs. Sellers shall pay one-half of any transfer, documentary stamp tax or recordation taxes owed on account of the sale of the Membership Interests to Buyer, one-half of any escrow closing fees charged by Title Company, recording costs incurred to cure the Removable Liens, and any prepayment penalties or other fees charged by Lender upon repayment of any loan secured by the Property upon consummation of the sale of the Property to Buyer. Buyer shall pay one-half of any transfer, documentary stamp tax or recordation taxes owed on account of the sale of the Membership Interests to Buyer, all premiums necessary to cause the issuance of the Title Endorsement by the Title Company, the costs of the title search and updated Survey, one half of any escrow closing fees charged by Title Company, and the expenses of its own due diligence. Except as otherwise provided herein, each party shall pay its own attorneys’ fees. All other expenses incurred by Sellers with respect to this Contract and the Closing shall be paid by Sellers. All other expenses incurred by Buyer with respect to this Contract and Closing shall be paid by Buyer.
Closing and Other Costs. Sellers shall pay any transfer, documentary stamp tax or recordation taxes owed on account of the sale of the Membership Interests to Buyer, one-half of any escrow closing fees charged by Title Company, recording costs incurred to cure the Removable Liens, and any prepayment penalties or other fees charged by Lender upon repayment of any loan secured by the Property upon consummation of the sale of the Property to Buyer. Buyer shall all premiums necessary to cause the issuance of the Title Endorsement by the Title Company, the costs of the title search and updated Survey, one half of any escrow closing fees charged by Title Company, and the expenses of its own due diligence. Except as otherwise provided herein, each party shall pay its own attorneys’ fees. All other expenses incurred by Sellers with respect to this Contract and the Closing shall be paid by Sellers. All other expenses incurred by Buyer with respect to this Contract and Closing shall be paid by Buyer.
Closing and Other Costs. 7.4.1. All title fees and premiums, all recordation, transfer, stamp and similar taxes imposed upon the recordation of each Deed and any other documents contemplated by this Agreement and all escrow or settlement fees of Title Company shall be borne by Seller and/or Purchaser in a manner consistent with local custom in the jurisdiction in which each Hotel is located, as set forth on Schedule 7.4.1.
7.4.2. Seller and Purchaser shall each bear its own counsel’s fees and expenses in connection with the transactions described in this Agreement.
7.4.3. Purchaser shall pay all costs of Purchaser’s due diligence investigations of the Hotel (including title insurance and Survey costs).
7.4.4. All other costs and expenses incident to this transaction and the Closing hereof and not specifically set forth in this Section 7.4 or elsewhere in this Agreement shall be paid by Seller and Purchaser in a manner consistent with custom for similar transactions in the city where the Hotel is located.
7.4.5. The provisions of this Section 7.4 shall survive the Closing indefinitely.
Closing and Other Costs. Borrower shall pay on the earlier of the date of closing or termination of any request for an Additional Funding, all costs pertaining to the request for such Additional Funding and the closing thereof, including, without limitation, all Third Party Report Fees (as defined in the Commitment), all charges for title examination and title insurance and escrow all survey costs, all costs associated with the review of leases and the obtaining of acceptable tenant estoppel certificates and subordination, non-disturbance and attornment agreements, all recording and filing fees, all mortgage or similar taxes, and all legal fees and costs of Lender. In addition, Borrower shall pay to the Mortgage Banker a fee of .5% if and when any Additional Funding is provided by Lender.
Closing and Other Costs. The Company shall pay the following Closing and other costs: (a) preparation of all assignments and other instruments of conveyance, assignment and transfer necessary to consummate the transactions herein; (b) the cost of discharging any monetary liens; and (c) the cost of all assessments, transfer taxes, stamp taxes and conveyance fees. Each party shall pay its own legal and related expenses.
Closing and Other Costs. The City and the School District shall each pay their respective attorneys' fees. The Grantee will pay the recording fee for the deed. The School District will pay all costs associated with its obligation in Section 2 of this Agreement to apply for and obtain approval of the a final subdivision plat including, but not limited to the costs associated with surveys, plat preparation, and applicable application and recording fees. If a party obtains a Phase I Environmental Report pursuant to Section 3 of this Agreement, that party shall pay all costs associated with obtained said Environmental Report. The City shall pay one-half of the escrow fee, the recording fees charged for all documents and the cost of the Title Commitments.
