Closing Prorations and Costs Sample Clauses

Closing Prorations and Costs. Such payments or closing statement credits to GSU and others that might be required in order: (a) to pay the City’s share of the City Exchange Property expenses that are described in section 8(a); and (b) to make the City’s payments that are described in Section 8(a).
Sample 1
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Closing Prorations and Costs. Provided the Purchase Price for the Property required to be paid in accordance with Section 2.2 is received by the Title Company no later than 2:00 p.m., Mountain Standard Time, on the Closing Date, the items in subparagraphs (a) through (f) of this Section 6.3 shall be apportioned or prorated between Seller and Purchaser as of 11:59 p.m., Mountain Standard Time, on the day immediately preceding the Closing Date (with all prorations to be made on a 365 day year basis) (if funds are received after 2:00 PM, Mountain Standard Time, on the Closing Date, the prorations shall be made as of the Closing Date rather than the day immediately preceding the Closing Date):
Sample 1
Closing Prorations and Costs. All real property taxes and assessments shall be prorated as of the Closing Date on the latest information available to the Escrow Agent. Escrow fees shall be borne one-half by each party, and, unless provided elsewhere in this Agreement to the contrary, all other closing costs shall be charged and allocated to the parties in the manner customary for commercial real estate transactions in Maricopa County, Arizona. If any tax or assessments affects the Option Parcel and any additional land not a part of the Option Parcel, only that portion of the tax or assessment attributable to the Option Parcel shall be prorated between
Sample 1

Related to Closing Prorations and Costs

  • Closing Prorations and Adjustments The prorations set forth in this Section 6.5 shall be on a Property-by-Property basis and not among, or between, Properties, and shall not be allocated on an Applicable Share basis.

  • 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 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.

  • Costs and Prorations There shall be prorated between the landlord/Seller and the Tenant/Buyer, as of date of closing, the following items: (a) All real estate taxes and assessments; (b) Interest on encumbrances assumed or taken over by Tenant/Buyer with the Tenant/Buyer having responsibility for such items as follows: Landlord/Seller will pay: Tenant/Buyer will pay:

  • Prorations and Adjustments The following shall be prorated and adjusted between Seller and Buyer as of the Closing Date, except as otherwise specified:

  • Seller’s Closing Costs Seller shall pay the following costs in connection with the consummation of the Closing: (i) all of the charges and transfer taxes for recording the deeds; (ii) all commissions owed to any broker in accordance with the terms of a separate agreement between Seller and such broker; and (iii) all other charges incurred by the Seller in connection with this Agreement (including, without limitation, the fees and expenses for the Seller’s attorneys and other consultants).

  • Seller’s Costs Seller shall pay the following:

  • Closing Costs; Transfer Taxes and Fees Seller shall be responsible for paying (i) any documentary and transfer taxes and any sales, use or other taxes imposed by reason of the transfers of Assets provided hereunder and any deficiency, interest or penalty asserted with respect thereto and (ii) all costs of obtaining the transfer of existing Permits which may be lawfully transferred, (iii) all fees and costs of recording or filing all applicable conveyancing instruments described in Section 3.1, and (iv) all fees and costs of recording or filing all UCC termination statements and other releases of Encumbrances.

  • Prorations and Credits The following items in this Section 5.4 shall be adjusted and prorated between Seller and Purchaser as of 11:59 P.M. on the day preceding the Closing, based upon the actual number of days in the applicable month or year:

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