Closing Costs/Points Sample Clauses

Closing Costs/Points. The Seller, on date of transfer, agrees to pay a portion of the Buyer’s closing costs, including pre- payable and points associated with conventional or VA mortgage financing, up to the amount of .
Sample 1
AutoNDA by SimpleDocs
Closing Costs/Points. When Buyer uses one of Seller’s Approved Lenders, Seller shall pay up to of Buyer’s closing costs, exclusive of prepaid items, appraisal fee, credit check, underwriting fees, funding fees, mortgage insurance premiums or private mortgage insurance fees. When Buyer chooses to use their own Lender, Seller will pay towards Buyer’s Closing Costs. Buyer’s closing costs eligible for above payments shall include: mortgage origination fees; release fees; flood certification and tax service fees; lender inspection fee; City and State recording taxes; Lender’s title insurance coverage; physical survey; and settlement agent’s document preparation and review fees. Seller authorizes Buyer, as allowed by the lender, to lock in interest rate and discount points for the specified type loan any time before Settlement, per addendum if applicable. Buyer shall be responsible for payment all prepaid items, including but not limited to: credit check & verification fees; cost of appraisal; applicable funding fees; discount points; buy-down fees; extended lock-in fees; assignment fees; underwriting fee; initial escrows and premiums for hazard insurance, flood insurance, mortgage insurance and real estate taxes; prepaid mortgage interest, owners title insurance; Buyer’s attorney’s fees; or any like fees or charges of Discount Points to obtain the specified financing. Seller authorizes Buyer, as allowed by the lender, to lock in interest rate and discount points for the specified type loan, any time before Settlement, per addendum if applicable. By my/our signature(s) below, I/we authorize the above named Lender to release all financial information deemed necessary in this transaction, to the parties listed below. The Purchaser(s) and the cooperation Realtor® (Buyer/Broker) hereby consent to an open line of direct communication between all parties to this transaction. The term “closing costs” shall not include amounts due for: prepaid items, including but not limited to prepaid interest, initial premiums and escrows for hazard insurance, flood insurance, mortgage insurance premiums and real estate taxes; applicable funding fees; credit checks; reservation fees; extended lock-in fees; buy-down fees; mortgage commitment fees; assignment fees; document review; document preparation fees, verification fees, underwriting fees, owners title insurance; Buyer’s attorney’s fees; or any like fees or charges. Any Seller contribution to closing costs shall be inclusive of amounts paid, or to be ...
Sample 1

Related to Closing Costs/Points

  • Closing Costs The costs attributed to the Closing of the Property shall be the responsibility of ☐ Buyer ☐ Seller ☐ Both Parties. The fees and costs related to the Closing shall include but not be limited to a title search (including the abstract and any owner’s title policy), preparation of the deed, transfer taxes, recording fees, and any other costs by the title company that is in standard procedure with conducting the sale of a property.

  • Closing Costs and Prorations Taxes and assessments for the current year, if any, shall be prorated between the prior owner of the Personal Property and Buyer as of the date of closing. Seller shall pay one-half (½) of Closing Agent’s closing and escrow fees. Buyer shall pay one-half (½) of Closing Agent’s closing and escrow fees. In addition, Buyer shall pay all other closing costs, including but not limited to: (1) recording fees for the cost of recording the State Deed; (2) the cost for any title insurance purchased at Buyer’s option; (3) lender fees, if any, together with all associated recording fees, if any; and (4) any other cost, fee, or expense which may be reasonably required in order for the transaction to close.

  • CLOSING COSTS AND ADJUSTMENTS All adjustments are made as of settlement date.

  • Processing Costs In addition to the Purchase Price, Buyer shall pay Processing Costs in the amount of $900.00, to be paid to Seller in cash or other readily available funds at closing. The Processing Costs are owed in addition to the Purchase Price and shall not be considered part of the Purchase Price.

  • Reimbursable Costs 5.3.1. To be considered eligible for reimbursement, costs have to be: • actually incurred, individually identifiable and verifiable, as backed by copies of supporting evidence, as the case may be in the Contractor’s official bookkeeping; this means that no lump sums will be eligible for reimbursement; • necessary in order to perform the tasks as specified in the Terms of Reference (Annex 2); and • cost effective and providing value for money

  • Operating Costs The Assuming Institution agrees, during its period of use of any Leased Data Management Equipment, to pay to the Receiver or to appropriate third parties at the direction of the Receiver all operating costs with respect thereto and to comply with all relevant terms of any existing Leased Data Management Equipment leases entered into by the Failed Bank, including without limitation the timely payment of all rent, taxes, fees, charges, maintenance, utilities, insurance and assessments.

  • Training Costs All costs and expenses incurred by the Contractor in training as is required under Article 22 of the Contract.

  • Service Costs Service Costs are direct and indirect expenditures incurred in support of Petroleum Operations in the Contract Area, including expenditures on warehouses, piers, marine vessels, vehicles, motorized rolling equipment, aircraft, fire and security stations, workshops, water and sewerage plants, power plants, housing, community and recreational facilities and furniture and tools and equipment used in these activities. Service Costs in any Year shall include the costs incurred in such Year to purchase and/or construct the said facilities as well as the annual costs of maintaining and operating the same, each to be identified separately. All Service Costs shall be regularly allocated as specified in Sections 2.2.5, 2.3.5 and 2.4 to Exploration Costs, Development Costs and Production Costs and shall be separately shown under each of these categories. Where Service Costs are made in respect of shared facilities, the basis of allocation of costs to Petroleum Operations hereunder shall be specified.

  • Transaction Costs Borrower shall have paid or reimbursed Lender for all title insurance premiums, recording and filing fees or taxes, costs of environmental reports, Physical Conditions Reports, appraisals and other reports, the fees and costs of Lender's counsel and all other third party out-of-pocket expenses incurred in connection with the origination of the Loan.

  • Start-Up Costs 4.1.1 The Government of Ontario will provide:

Time is Money Join Law Insider Premium to draft better contracts faster.