Common use of Conveyancing Charges; Recording Charges, Sales and Transfer Taxes, Etc Clause in Contracts

Conveyancing Charges; Recording Charges, Sales and Transfer Taxes, Etc. All taxes, conveyance charges, recording charges and similar costs and expenses relating to the transfer of the Real Estate to Purchaser shall be borne and paid equally by Purchaser and Seller. All title examination charges and the cost of obtaining title insurance commitments with customary printed exceptions and exclusions relating to the transfer of the Real Estate to Purchaser shall be borne and paid by Purchaser. All real estate taxes and assessments, excluding special assessments, if applicable, shall be apportioned or adjusted between Seller and Purchaser. All special assessments due to be paid prior to the Closing Date shall be paid in full by Seller. All charges relating to the recordation of the assignment of the Purchased Loans by Purchaser shall be borne and paid by Purchaser. If any sales, transfer or similar tax is imposed by a governmental authority relating to the transfer of any of the Assets or any of the Assumed Liabilities, Seller shall be responsible for the full and timely payment of same and shall hold Purchaser harmless from the amount of any such taxes due, and from any expenses, fines, penalties, fees, costs, or other damages resulting from the imposition of such tax or for any failure to make timely payment thereof.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (Heritage Financial Group Inc), Purchase and Assumption Agreement (Heritage Financial Group), Purchase and Assumption Agreement (Pab Bankshares Inc)

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Conveyancing Charges; Recording Charges, Sales and Transfer Taxes, Etc. All taxes, conveyance conveyancing charges, recording charges and similar costs and expenses relating to the transfer of the Real Estate Seller’s real estate to Purchaser shall be borne and paid equally by Purchaser and Seller. All title examination charges and the cost of obtaining title insurance commitments at standard rates with customary printed exceptions and exclusions relating to the transfer of the Real Estate Seller’s real estate to Purchaser shall be borne and paid by Purchaser. All real estate taxes and assessments, excluding including special assessments, if applicable, shall be apportioned or and adjusted between Seller and Purchaser. All special assessments due to be paid prior to the Closing Date shall be paid in full by Seller. All charges relating to the recordation of the assignment of the Purchased Loans loans by Purchaser to Seller shall be borne and paid by Purchaser. If any sales, transfer or similar tax is imposed by a governmental authority Governmental Authority relating to the transfer of any of the Transferred Assets or any of the Assumed Liabilities, Seller Purchaser shall be responsible for the full and timely payment of same and shall hold Purchaser Seller and First Financial harmless from the amount of any such taxes due, and from any expenses, fines, penalties, fees, costs, or other damages resulting from the imposition of such tax or for any failure to make timely payment thereof.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (First Financial Bancorp /Oh/)

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Conveyancing Charges; Recording Charges, Sales and Transfer Taxes, Etc. All taxes, conveyance conveyancing charges, recording charges and similar costs and expenses relating to the transfer of the Real Estate Seller's real estate to Purchaser shall be borne and paid equally by Purchaser and Seller. All title examination charges and the cost of obtaining title insurance commitments at standard rates with customary printed exceptions and exclusions relating to the transfer of the Real Estate Seller's real estate to Purchaser shall be borne and paid by Purchaser. All real estate taxes and assessments, excluding including special assessments, if applicable, shall be apportioned or and adjusted between Seller and Purchaser. All special assessments due to be paid prior to the Closing Date shall be paid in full by Seller. All charges relating to the recordation of the assignment of the Purchased Loans loans by Purchaser to Seller shall be borne and paid by Purchaser. If any sales, transfer or similar tax is imposed by a governmental authority Governmental Authority relating to the transfer of any of the Transferred Assets or any of the Assumed Liabilities, Seller Purchaser shall be responsible for the full and timely payment of same and shall hold Purchaser Seller and First Financial harmless from the amount of any such taxes due, and from any expenses, fines, penalties, fees, costs, or other damages resulting from the imposition of such tax or for any failure to make timely payment thereof.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Mutualfirst Financial Inc)

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