Common use of Closing Costs - Items Not to be Prorated Clause in Contracts

Closing Costs - Items Not to be Prorated. The Closing Agent shall not prorate the following expenses: (a) Payment of special assessment district bonds and assessments. These items shall be paid current by Seller, but payments not yet due and owing shall be assumed by Buyer without credit from Seller toward the Total Purchase Price; and (b) Insurance premiums. Seller cannot endorse or assign existing insurance policies (if any) to Buyer, and Seller reserves the right to cancel any existing insurance on the Property as of the Closing Date.

Closing Costs - Items Not to be Prorated. The Closing Agent shall not prorate the following expenses: (a) Payment of special assessment district d i s t r i c t bonds and assessments. These items shall be paid current by Seller, but payments not yet due and owing shall be assumed by Buyer without credit from Seller toward the Total Purchase Price; and (b) Insurance premiums. Seller cannot endorse or assign existing insurance policies (if any) to Buyer, and Seller reserves the right to cancel any existing insurance on the Property as of the Closing Date.

Closing Costs - Items Not to be Prorated. The Closing Agent shall not prorate the following expenses:: Sample (a) Payment of special assessment district bonds and assessments. These items shall be paid current by Seller, but payments not yet due and owing shall be assumed by Buyer without credit from Seller toward the Total Purchase PriceAmount Due from Buyer; and (b) Insurance premiums. Seller cannot endorse or assign existing insurance policies (if any) to Buyer, and Seller reserves the right to cancel any existing insurance on the Property as of the Closing Date.

Closing Costs - Items Not to be Prorated. The Closing Agent shall not prorate the following expenses: (a) Payment of special assessment district bonds and assessments. These items shall be paid current by Seller, but payments not yet due and owing shall be assumed by Buyer without credit from Seller toward the Total Purchase Price; and (b) Insurance premiums. Seller cannot endorse or assign existing insurance policies (if any) to Buyer, and Seller reserves the right to cancel any existing insurance on the Property as of the Closing Date.