Closing Costs and Transfer Taxes. All District of Columbia transfer and recordation taxes, and other recording charges, payable in connection with the recording of the special warranty deed (whether imposed in the form of transfer taxes, documentary stamps or otherwise), and any charges of the Escrow Agent for holding the Deposit, shall be divided equally between Seller and Purchaser. Purchaser shall pay for all expenses of examination of title, the cost of an owner's title insurance policy, survey, and all other Closing expenses. Each party shall pay its own legal fees and other expenses incurred by it prior to Closing. Seller shall pay all costs incurred in connection with the repayment or satisfaction of any liens on the Property except for any liens caused by the acts of Purchaser or any of its agents or representatives. The provisions of this Section 6.2 shall survive the Closing Date.
Closing Costs and Transfer Taxes. Seller shall pay the cost of preparing the Deed, the Commonwealth of Virginia’s Grantor’s Tax on the Deed, the recording charges payable in connection with the recording of the Deed and the costs associated with releasing any financial encumbrances of record that Seller is obligated to release under this Agreement. Purchaser shall pay Recordation Tax on the Deed, all title examination charges, all title insurance premiums for the owner’s policy of title insurance issued pursuant to the Commitment (the “Title Policy”), the cost of the issuance of any endorsements to the Title Policy required by Purchaser, the cost of the Survey and any update or revision to the Survey which may be requested by Purchaser, the costs and expenses related to any purchase money financing obtained by Purchaser and all applicable escrow fees charged by Title Company. Seller and Purchaser shall each pay their respective legal fees and expenses incurred in connection with the negotiation of this Agreement and all related documents, and in addressing each such party’s tax and securities issues.
Closing Costs and Transfer Taxes. Purchaser shall obtain title policies on the Real Property issued by the Title Company. Purchaser shall pay for the cost of all title insurance policies, as well as any additional fees or expenses of the Title Company to issue any extended coverage, the cost of any title endorsements requested by Purchaser, any lender coverage and the cost of any surveys for the Real Property. Notwithstanding anything to the contrary herein, each of Purchaser and Seller shall bear and pay one-half (1/2) of all sales, use, excise, real property transfer or gain, gross receipts, goods and services, registration, capital, documentary stamp, recording, fuels, beverage, tobacco, motor vehicle, or other transfer Taxes, recording fees, and similar Taxes and fees incurred and imposed upon, or with respect to, the Transactions contemplated by this Agreement (“Transfer Taxes”). If the Parties believe that they are exempt from any such collection of Transfer Taxes, each Party shall timely furnish to the other Seller an appropriate certificate or other evidence of such exemption. The Parties shall cooperate to mitigate any Transfer Taxes, including by the provision of and acceptance of exemption certificates and the furnishing of records and other documentation necessary to substantiate positions for nontaxability.
Closing Costs and Transfer Taxes. 7.12.1 DAH shall be responsible for all sales, use or other taxes imposed by reason of the transfers of the Assets provided hereunder and any deficiency, interest or penalty asserted with respect thereto; provided however, DAH shall not be responsible for any taxes imposed on income or capital gain assessed as a result of the transactions contemplated by this Agreement.
7.12.2 DAH shall pay all the fees and costs of recording or filing all applicable conveyancing instruments.
Closing Costs and Transfer Taxes. At the Closing, Seller shall pay all of the transfer taxes (the "TRANSFER TAXES") imposed pursuant to the Laws of the District of Columbia in respect of the transactions contemplated by this Agreement and shall cause to be prepared any return (the "TRANSFER TAX RETURN") required thereby, which shall be duly executed by Seller and Purchaser. Seller shall also pay the fees of Seller's attorneys. Purchaser is exempt from the recordation tax imposed pursuant to the Laws of the District of Columbia pursuant to D.C. Code Xxx. ss.45-922(2) (1981 & Supp. 2000). Purchaser shall pay the fees of Purchaser's attorneys and the costs of Purchaser's physical inspections, due diligence, survey costs and title insurance premiums, if any. Purchaser and Seller shall each pay one-half of all other fees, escrow costs and costs of closing. 52
Closing Costs and Transfer Taxes. Seller shall pay the cost of preparing and recording the Deed and the New Jersey Realty Transfer Fee payable in connection with the recording of the Deed, but if the Property is subject to the so called “New Jersey Mansion Tax,” Purchaser will pay such “New Jersey Mansion Tax.” Purchaser shall pay all expenses of examinations of title, title insurance premiums (including for all endorsements), the cost of any Survey update or revision requested by Purchaser, fees, charges and expenses of Title Company, the tax certificate and all other recording fees and Closing expenses. All Closing costs other than those for which payment responsibility is expressly allocated to Seller or Purchaser in this Agreement, shall be paid by Seller or Purchaser in accordance with local custom.
Closing Costs and Transfer Taxes. Closing costs shall be divided according to custom in the State of Arkansas, with the deed transfer taxes to be paid by Purchaser. Each party shall pay all costs and fees of its respective counsel. Purchaser shall purchase, at Purchaser’s expense, Owner’s ALTA title insurance policies, with any endorsements sought by Purchaser in its discretion. Purchaser shall pay all sales, excise and similar Taxes (if any) with respect to the sale and transfer of the Assets hereunder.
Closing Costs and Transfer Taxes. 11.1 In addition to those costs and adjustments described in Articles 9 and 10 herein, Purchaser shall be required to pay the other closing costs which are Purchaser’s responsibility as more particularly described in Part I of the Plan entitled “Closing Costs and Adjustments.”
11.2 At the closing, Purchaser shall duly complete and sign before a notary public the real property transfer tax return required to be filed with The City of New York (“RPT Form”) and Purchaser shall duly complete and sign the New York State Real Estate Transfer Tax Return (“NYS Tax Form”), or such other forms as may then be required by law. The RPT Form and NYS Tax Form shall be delivered at closing to the representative of Purchaser’s title insurance company (or, if none, to Sponsor’s attorney) for filing with the proper governmental officer. Sponsor will similarly execute all of such forms and other documents required in connection with recording of the deed including, without limitation, smoke detector and multiple-dwelling affidavits.
11.3 Purchaser shall pay all New York City Real Property Transfer Taxes and New York State Real Estate Transfer Taxes (and, if applicable, the so-called “mansion tax”), and any other real property transfer tax due to the City or State of New York and the cost of any stock transfer stamps. Purchaser agrees to indemnify and hold Sponsor harmless from and against any and all liabilities and expenses (including, without limitation, reasonable legal fees and disbursements) incurred by Sponsor by reason of the non-payment by Purchaser of any of the taxes Purchaser is obligated to pay hereunder in connection with the purchase of the Unit. Purchaser’s obligations to pay the taxes described in this Article and to indemnify Sponsor as herein provided shall survive the closing or the termination of this Agreement.
Closing Costs and Transfer Taxes. Buyer shall pay the following expenses incurred in connection with the transactions described herein: (a) one-half of all closing fees charged by the Title Company, (b) the fee for the recording of the covenant deed, (c) all premiums and charges for any endorsements to the Title Policy requested by Xxxxx, (d) the cost of the Survey obtained by Buyer (if any), and (d) Xxxxx’s legal fees and expenses. Seller shall pay the following expenses incurred in connection with the transactions described herein: (i) the costs of the Commitment and Title Policy, and the cost of removing all unpermitted exceptions from title, (ii) one-half of all closing fees charged by the Title Company, (iii) Seller’s legal fees and expenses, and (iv) all real property transfer taxes and documentary stamp taxes, and other such taxes and fees (including penalties and interest) incurred in connection with this Agreement. At Closing, Xxxxxx agrees to pay Buyer one-half of Xxxxx’s costs associated with the preparation of its Baseline Environmental Assessment prepared by Grand Environmental, not to exceed $6,000.
