CONTINUING OBLIGATION FOR CLOSING COSTS Sample Clauses

CONTINUING OBLIGATION FOR CLOSING COSTS. BUYER and SELLER agree that they shall be responsible for payment of, or reimbursement of any and all costs incurred by or on behalf of said party in connection with the Closing, whether or not Closing occurs. Such costs may include but are not limited to: Inspection fees, title search fees, any and all loan-related costs including survey and appraisal fees. Failure of a party to pay for or to reimburse any such costs shall constitute a default under this Agreement, entitling the other party and/or the agent acting on behalf of the defaulting party to seek recovery of such costs together with all costs incurred in such actions, including reasonable attorney’s fee. This provision shall survive a termination of this Agreement. THIS IS A LEGALLY BINDING AGREEMENT AND SHALL NOT BE RECORDED UNLESS OTHERWISE AGREED TO BETWEEN THE PARTIES. IF NOT FULLY UNDERSTOOD, SEEK COMPETENT LEGAL ADVICE. DO NOT SIGN UNTIL ALL BLANKS ARE COMPLETED. YOUR REALTOR® RECOMMENDS THAT YOU OBTAIN TITLE INSURANCE OR A TITLE OPINION FROM YOUR ATTORNEY. Counter Offer/Rejection: SELLER has countered BUYER’s offer on the attached Counter Offer form, which is by reference incorporated in and made a part of this agreement. This agreement, as modified by the attached Counter Offer form, represents the counter offer being made by the Seller. SELLER has countered BUYER’s offer as indicated above. SELLER hereby rejects BUYER’s offer. SELLER’s INITIALS: BUYER Date SELLER Date BUYER Date SELLER Date BUYER Date SELLER Date Deposit(s) under Paragraph 3(A) received: (Checks are subject to clearance) Escrow Agent Address of Escrow Agent: Address City State Zip Escrow Agent Phone: By: , as authorized agent of Escrow Agent Additional Deposit(s) under Paragraph 3(B) received: (Checks are subject to clearance) Escrow Agent Address of ADDITIONAL Escrow Agent: Address City State Zip Escrow Agent Phone: By: , as authorized agent of Escrow Agent SELLER: (CHECK one) acknowledges does not acknowledge receipt of brokerage relationship disclosure SELLER’s INITIALS:
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Related to CONTINUING OBLIGATION FOR CLOSING COSTS

  • Continuing Obligation The Contractor's duty to indemnify continues in full force and effect, notwithstanding the expiration or early cancellation of the contract, with respect to any claims based on facts or conditions that occurred before expiration or cancellation.

  • Continuing Obligations The rights and obligations of the Parties that, by their nature, would continue beyond the expiration or termination of this Agreement, e.g., "Liability and Risk of Loss" and "Intellectual Property Rights"-related clauses shall survive such expiration or termination of this Agreement.

  • Post-Closing Obligations Seller and Buyer agree to the following post-Closing obligations:

  • Closing Obligations At the Closing:

  • 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.

  • Continuing Agreement This Credit Agreement shall be a continuing agreement and shall remain in full force and effect until all Credit Party Obligations (other than those obligations that expressly survive the termination of this Credit Agreement) have been paid in full and all Commitments and Letters of Credit have been terminated. Upon termination, the Credit Parties shall have no further obligations (other than those obligations that expressly survive the termination of this Credit Agreement) under the Credit Documents and the Administrative Agent shall, at the request and expense of the Borrower, deliver all the Collateral in its possession to the Borrower and release all Liens on the Collateral; provided that should any payment, in whole or in part, of the Credit Party Obligations be rescinded or otherwise required to be restored or returned by the Administrative Agent or any Lender, whether as a result of any proceedings in bankruptcy or reorganization or otherwise, then the Credit Documents shall automatically be reinstated and all Liens of the Administrative Agent shall reattach to the Collateral and all amounts required to be restored or returned and all costs and expenses incurred by the Administrative Agent or any Lender in connection therewith shall be deemed included as part of the Credit Party Obligations.

  • Termination Costs If a Party elects to terminate this Agreement pursuant to Article 2.3.1 above, the terminating Party shall pay all costs incurred (including any cancellation costs relating to orders or contracts for Attachment Facilities and equipment) or charges assessed by the other Parties, as of the date of the other Parties’ receipt of such notice of termination, that are the responsibility of the terminating Party under this Agreement. In the event of termination by a Party, all Parties shall use commercially Reasonable Efforts to mitigate the costs, damages and charges arising as a consequence of termination. Upon termination of this Agreement, unless otherwise ordered or approved by FERC:

  • Balance Transfer Fee If you request a Balance Transfer, in addition to the Interest Charge which will accrue on the balance transfer, you agree to pay a fee of three percent (3%) of the amount of the Balance Transfer subject to a minimum fee of $10.00

  • Post Closing Covenants The Parties agree as follows with respect to the period following the Closing.

  • 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

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