Closing Charges. Lender acknowledges that from time to time Principal or its affiliate(s) may assess any borrower with a fee in accordance with this Section 4.03 in connection with the performance of Principal’s closing duties hereunder as described in Exhibit C-1 to this Agreement. In connection with the performance of any such closing duties, Principal (or such affiliate) shall be entitled to receive and retain any such fee, as a reasonable estimate of the costs (including internal administrative costs) and expenses associated with the service. Principal (or such affiliate) shall also be entitled to reimbursement from the borrower of the reasonable costs and fees of third party legal counsel engaged by Principal or such affiliate.
Closing Charges. BUYER and SELLER agree that the party or parties indicated in Summary Box 9 shall pay each respective Closing Cost at Closing.
Closing Charges. The premium cost of the Title Policy shall be paid as follows: That portion of the premium cost equivalent to the premium for a 2006 CLTA Policy with survey exception and without any endorsements shall be paid by Seller and the remainder of the premium cost for a Title Policy obtained by Buyer shall be paid by Buyer. County property conveyance taxes shall be paid by Seller, and City property conveyance and documentary transfer taxes shall be split equally between Buyer and Seller. Buyer shall pay escrow fees, recording fees and closing costs for any financing of the Purchase Price. All other escrow fees, recording fees, and customary closing costs shall be shared equally by the Buyer and Seller.
Closing Charges. All state and local documentary transfer taxes in connection with the transfer of the Property shall be borne by Seller. Purchaser shall pay for all costs to record the Deed, Beach Easement, Restrictive Covenant and Covenant and Easement Agreement and any taxes and recording fees associated with any mortgage that may be obtained by Purchaser. Purchaser shall pay the title insurance premium for Title Policy, and all endorsements as required hereunder, all title examination costs, recording charges, and notary fees. The charges and fees of the Title Company acting as escrowee to close this transaction shall be divided equally between Seller and Purchaser.
Closing Charges. Seller and Buyer shall allocate all escrow costs, fees, and expenses in accordance with the custom prevailing in Los Angeles County at the Close of Escrow for similar transactions.
Closing Charges. The expense of the Closing shall be paid in the following manner:
10.1 Seller shall pay:
10.1.1 the full cost of preparing, executing, and acknowledging the Deed and other documents required to be delivered by Seller hereunder;
10.1.2 the full cost of obtaining documents, certifications, affidavits and utility and municipality letters necessary to clear those exceptions listed in the Title Commitment; and
10.1.3 one-half of all realty transfer taxes in connection with the transfer of the Property.
10.2 The Buyer shall pay:
10.2.1 the full cost of securing any title insurance policy(ies) required by the Buyer;
10.2.2 the cost of recording the Deed;
10.2.3 the cost of any inspections or tests performed by the Buyer in, on or about the Property;
10.2.4 one-half of all realty transfer taxes in connection with the transfer of the Property;
10.2.5 the cost of any survey obtained by Buyer; and
10.2.6 all escrow fees, if any.
Closing Charges. Seller shall pay all charges for title insurance furnished pursuant to Section 3 hereof, the Survey furnished pursuant to Section 4 hereof, the Environmental Report pursuant to Section 5 hereof, subject to the provisions of Section 8, and the release of all mortgages currently encumbering the Property. Purchaser shall pay for all title insurance in addition to that to be furnished by Seller under Section 3 hereof, all surveys in addition to that to be furnished by Seller under Section 4 hereof, any stamp or transfer taxes imposed by any state, county or other governmental agency on transfer of title, and all recordation and title insurance charges incurred in connection with any mortgage loans obtained by Purchaser. The parties shall each be solely responsible for the fees and disbursements of their respective counsel and other professional advisers.
Closing Charges. Seller shall be responsible for the payment of all conveyance/ transfer fees and taxes (except the recording fees of any mortgage) and the cost of the Owner’s Policy (excluding the cost of any endorsement thereto). Purchaser shall pay the cost of recording the Deed and the cost of any endorsements to the Owner’s Policy requested by Purchaser. Purchaser and Seller shall share the cost of the escrow fees, if any, equally.
Closing Charges. That portion of the cost of the Building Title Policy equivalent to the premium on a CLTA policy for the Building Property without endorsements shall be paid by Building Seller, that portion of the cost of the Parking Lot Title Policy equivalent to the premium on a CLTA policy for the Parking Lot Property without endorsements shall be paid by Parking Lot Seller, and any additional cost of the Title Policies shall be paid by Buyer. Building Seller shall have obtained and delivered to Buyer and the Escrow Holder, and paid for a survey of the Building Property. Parking Lot Seller shall have obtained, delivered to Buyer and the Escrow Holder, and paid for a survey of the Parking Lot Property. County real property conveyance taxes for the Building Property shall be paid by Building Seller and county real property conveyance taxes for the Parking Lot Property shall be paid by Parking Lot Seller. City real property conveyance taxes for the Building Property shall be paid one half by Building Seller and one half by Buyer. City real property conveyance taxes for the Parking Lot Property shall be paid one half by Parking Lot Seller and one half by Buyer. Buyer shall pay escrow fees, recording fees and closing costs for any financing of the Purchase Price. All other escrow fees, recording fees, and customary closing costs for the Building Property shall be shared by the Buyer and the Building Seller, and all other escrow fees, recording fees, and customary closing costs for the Parking Lot Property shall be shared by the Buyer and the Parking Lot Seller, as customary in Santa Xxxxx County, California.
Closing Charges. Borrower is reimbursing Lender on the date hereof for all reasonable costs and expenses incurred in connection with the transactions contemplated hereby including, without limitation, legal fees and costs, due diligence expenditures and other out-of pocket expenses.
