Costs of Title Company and Closing Costs. Costs of the Title Company and other Closing costs incurred in connection with the Closing will be allocated as follows: (a) Seller shall pay (i) Seller’s attorney’s fees; (ii) one-half (1/2) of escrow fees, if any; (iii) the cost of recording any discharges or satisfactions of liens that are the Seller’s responsibility to cure at Closing; and (iv) one-half (1/2) of the realty transfer tax. (b) Purchaser shall pay (i) the costs of recording the Deed to the Property and all other documents; (ii) the premium for an owner’s title insurance policy, the cost of customary title searches, the cost of any additional coverage under the title insurance policy or endorsements; (iii) all premiums and other costs for any mortgagee policy of title insurance, including but not limited to any additional coverage or endorsements required by the mortgage lender; (iv) Purchaser’s attorney’s fees; (v) one-half (1/2) of escrow fees, if any; (vi) the costs of the Updated Survey, as provided for in Section 6.1; and (vii) one-half (1/2) of the realty transfer tax. (c) Any other costs and expenses of Closing not provided for in this Section 10.5 shall be allocated between Purchaser and Seller in accordance with the custom in the area in which the Property is located.
Appears in 8 contracts
Samples: Agreement of Sale and Purchase (Mack Cali Realty L P), Agreement of Sale and Purchase (Mack Cali Realty L P), Agreement of Sale and Purchase (Mack Cali Realty L P)
Costs of Title Company and Closing Costs. Costs of the Title Company and other Closing costs incurred in connection with the Closing will be allocated as follows:
(a) Seller shall pay (i) Seller’s attorney’s fees; (ii) one-half (1/2) of escrow fees, if any; (iii) the cost of recording any discharges or satisfactions of liens that are the Seller’s responsibility to cure at Closing; and (iv) one-half (1/2) of the realty transfer tax.
(b) Purchaser shall pay (i) the costs of recording the Deed to the Property and all other documents; (ii) the premium for an owner’s title insurance policy, the cost of customary title searches, the cost of any additional coverage under the title insurance policy or endorsements; (iii) all premiums and other costs for any mortgagee policy of title insurance, including but not limited to any additional coverage or endorsements required by the mortgage lender; (iv) Purchaser’s attorney’s fees; (v) one-half (1/2) of escrow fees, if any; and (vi) the costs of the Updated Survey, as provided for in Section 6.1; and (vii) one-half (1/2) of the realty transfer tax.
(c) Any other costs and expenses of Closing not provided for in this Section 10.5 shall be allocated between Purchaser and Seller in accordance with the custom in the area in which the Property is located.
Appears in 3 contracts
Samples: Agreement of Sale and Purchase (Mack Cali Realty L P), Agreement of Sale and Purchase (Mack Cali Realty L P), Agreement of Sale and Purchase (Mack Cali Realty L P)
Costs of Title Company and Closing Costs. Costs of the Title Company and other Closing costs incurred in connection with the Closing will be allocated as follows:
(a) Seller shall pay (i) Seller’s 's attorney’s 's fees; (ii) one-half (1/2) of escrow fees, if any; and (iii) the cost of recording any discharges or satisfactions of liens that are the Seller’s responsibility to cure at Closingbase premium for the Title Policy and customary title searches; and (iv) one-half (1/2) the cost of the realty transfer taxUpdated Survey up to Two Thousand Dollars ($2,000).
(b) Purchaser shall pay (i) the costs of recording the Deed to the Property and all other documents; (ii) the premium for an owner’s title insurance policy, the cost of customary title searches, the cost all costs of any additional coverage under the title insurance policy Title Policy or endorsementsendorsements or deletions (including, without limitation, the modification or deletion of the survey exception) to the Title Policy that are desired by Purchaser; (iii) all premiums and other costs for any mortgagee policy of title insurance, if any, including but not limited to any additional coverage endorsements or endorsements required by the mortgage lenderdeletions; (iv) Purchaser’s 's attorney’s 's fees; (v) one-half (1/2) of escrow fees, if any; any and (vi) the costs cost of the Updated Survey, except to the extent paid by Seller as provided for set forth in Section 6.1; and (vii) one-half (1/2) of the realty transfer tax10.5(a).
(c) Any other costs and expenses of Closing not provided for in this Section 10.5 shall be allocated between Purchaser and Seller in accordance with the custom in the area in which the Property is located.
Appears in 3 contracts
Samples: Agreement of Sale and Purchase (Mack Cali Realty L P), Sale Agreement (Mack Cali Realty L P), Sale Agreement (Mack Cali Realty L P)
Costs of Title Company and Closing Costs. Costs of the Title Company and other Closing costs incurred in connection with the Closing will be allocated as follows:
(a) Seller shall pay (i) Seller’s attorney’s fees; , (ii) all transfer and conveyance taxes and (iii) one-half (1/2) of escrow fees, if any; (iii) the cost of recording any discharges or satisfactions of liens that are the Seller’s responsibility to cure at Closing; and (iv) one-half (1/2) of the realty transfer tax.
(b) Purchaser shall pay (i) the costs of recording the Deed to the Property and all other documents; (ii) the cost of the premium for an owner’s title insurance policy, the cost of customary Title Policy and all title searches, the cost ; (iii) all costs of any additional coverage under the Title Policy or endorsements or deletions to the Title Policy that are desired by Purchaser, and not required to be provided by Seller to address title insurance policy defects as may be imposed pursuant to Sections 6.1 or endorsements6.4; (iiiiv) all premiums and other costs for any mortgagee policy of title insurance, if any, including but not limited to any additional coverage endorsements or endorsements required by the mortgage lenderdeletions; (ivv) Purchaser’s attorney’s fees; (vvi) one-half (1/2) of escrow fees, if any; any and (vivii) the costs of the Updated Survey, Survey as provided for in Section 6.1; and (vii) one-half (1/2) of the realty transfer tax6.2.
(c) Any other costs and expenses of Closing not provided for in this Section 10.5 shall be allocated between Purchaser and Seller in accordance with the custom in the area in which the Property is located.
Appears in 2 contracts
Samples: Agreement of Sale and Purchase (Mack Cali Realty Corp), Agreement of Sale and Purchase (Mack Cali Realty Corp)
Costs of Title Company and Closing Costs. Costs of the Title Company and other Closing costs incurred in connection with the Closing will be allocated as follows:
(a) Seller shall pay (i) Seller’s 's attorney’s 's fees; (ii) one-half (1/2) of escrow fees, if any; and (iii) the cost of the premium for the Title Policy and customary title searches; (iv) the cost of recording any discharges or satisfactions of liens lien releases such that are Purchaser obtains the Seller’s responsibility Title Policy subject only to cure at Closingthe Permitted Exceptions; and (ivv) one-half (1/2) the cost of the realty transfer taxUpdated Surveys up to Four Thousand Dollars ($4,000) per Project.
(b) Purchaser shall pay (i) the costs of recording the Deed Deeds to the Property and all other documentsdocuments (other than lien releases); (ii) the premium for an owner’s title insurance policy, the cost of customary title searches, the cost all costs of any additional coverage under the title insurance policy Title Policy or endorsementsendorsements or deletions (including, without limitation, the modification of the survey exception) to the Title Policy that are desired by Purchaser; (iii) all premiums and other costs for any mortgagee policy of title insurance, if any, including but not limited to any additional coverage endorsements or endorsements required by the mortgage lenderdeletions; (iv) Purchaser’s 's attorney’s 's fees; (v) one-half (1/2) of escrow fees, if any; and (vi) the costs of the each Updated Survey, as provided for except to the extent set forth in Section 6.1; and (vii) one-half (1/2) of the realty transfer tax10.5(a).
(c) Any other costs and expenses of Closing not provided for in this Section 10.5 shall be allocated between Purchaser and Seller in accordance with the custom in the area in which the Property is located.
Appears in 2 contracts
Samples: Agreement of Sale and Purchase (Mack Cali Realty L P), Agreement of Sale and Purchase (Mack Cali Realty Corp)
Costs of Title Company and Closing Costs. Costs of the Title Company and other Closing costs incurred in connection with the Closing will be allocated as follows:
(a) Seller shall pay (i) Seller’s 's attorney’s 's fees; (ii) one-half (1/2) the realty transfer tax due by reason of escrow fees, if anythe transfer of the Property; (iii) the cost of recording any discharges or satisfactions of liens that are charges to record the Seller’s responsibility to cure at ClosingDeed; and (iv) one-half the brokerage commission due to Rockwood Associates, L.L.C. (1/2"ROCKWOOD") of the realty transfer taxas more particularly provided in Section 16.1.
(b) Purchaser shall pay (i) the costs cost of recording the Deed to premium for the Property Title Policy and all other documentstitle searches; (ii) the premium for an owner’s title insurance policy, the cost of customary title searches, the cost all costs of any additional coverage under the title insurance policy Title Policy or endorsementsendorsements or deletions to the Title Policy that are desired by Purchaser; (iii) all premiums and other costs for any mortgagee policy of title insurance, if any, including but not limited to any additional coverage endorsements or endorsements required by the mortgage lenderdeletions; (iv) Purchaser’s 's attorney’s 's fees; (v) one-half the brokerage commission due to Xxxxxxxx Xxxx Company (1/2"XXXXXXXX") of escrow fees, if anyas more particularly provided in Section 16.1; and (vi) the costs of the Updated Survey, as provided for in Section 6.1; and (vii) one-half (1/2) of the realty transfer tax.
(c) Any other costs and expenses of Closing not provided for in this Section 10.5 shall be allocated between Purchaser and Seller in accordance with the custom in the area in which the Property is located.
Appears in 1 contract
Samples: Agreement of Sale and Purchase (Mack Cali Realty Corp)
Costs of Title Company and Closing Costs. Costs of the Title Company and other Closing costs incurred in connection with the Closing will be allocated as follows:
(a) Seller shall pay (i) Seller’s attorney’s fees; (ii) one-half (1/2) of escrow fees, if any; (iii) the cost of recording any discharges or satisfactions of liens that are the Seller’s responsibility to cure at Closing; and (iv) one-half (1/2) of the realty transfer conveyance tax.
(b) Purchaser shall pay (i) the costs of recording the Deed to the Property and all other documents; (ii) the premium for an owner’s title insurance policy, the cost of customary title searches, the cost of any additional coverage under the title insurance policy or endorsements; (iii) all premiums and other costs for any mortgagee policy of title insurance, including but not limited to any additional coverage or endorsements required by the mortgage lender; (iv) Purchaser’s attorney’s fees; (v) one-half (1/2) of escrow fees, if any; and (vi) the costs of the Updated Survey, as provided for in Section 6.1; and (vii) one-half (1/2) of the realty transfer tax.
(c) Any other costs and expenses of Closing not provided for in this Section 10.5 shall be allocated between Purchaser and Seller in accordance with the custom in the area in which the Property is located.
Appears in 1 contract
Samples: Agreement of Sale and Purchase (Mack Cali Realty L P)