Common use of Costs and Prorations Clause in Contracts

Costs and Prorations. Seller shall pay the following Closing costs: the cost to extend, certify, and examine the abstract of title to the Land and Appurtenances, Seller’s attorneys’ fees, the cost to cure any Title Objections, and all transfer taxes (including the documentary stamp tax payable in connection with the recording of the Deed and any other costs of Seller specified elsewhere in this Agreement). Buyer shall pay the following Closing costs: the cost of obtaining the Title Policy, post closing abstracting charges, the cost of the Survey, sales taxes relating to any personal property, Buyer’s attorneys’ fees, the cost to record the Deed, the Closing fee charged by the Title Company, any costs associated with Buyer’s financing of the acquisition of the Property, and any other costs of Buyer specified elsewhere in this Agreement. Any Closing costs not specifically allocated above or elsewhere in this Agreement shall be allocated in accordance with the usual and customary practice in the locality of the Property, provided, if no usual or customary practice exists, such other costs will be borne equally by the parties.

Costs and Prorations. Seller shall pay the following Closing costs: the cost to extend, certify, and examine the abstract of title to the Land and Appurtenances, Seller’s attorneys’ fees, the cost to cure any Title Objections, and all transfer taxes (including the documentary stamp tax payable in connection with the recording of the Deed and any other costs of Seller specified elsewhere in this Agreement). Buyer shall pay the following Closing costs: the cost of obtaining the Title Policy, post closing abstracting charges, the cost of the Survey, sales taxes relating to any personal property, BuyerXxxxx’s attorneys’ fees, the cost to record the Deed, the Closing fee charged by the Title Company, any costs associated with Buyer’s financing of the acquisition of the Property, and any other costs of Buyer specified elsewhere in this Agreement. Any Closing costs not specifically allocated above or elsewhere in this Agreement shall be allocated in accordance with the usual and customary practice in the locality of the Property, provided, if no usual or customary practice exists, such other costs will be borne equally by the parties.