Expenses and Prorations. Seller agrees to pay the costs of preparing the deed, certificates for non-foreign status and state residency and the applicable IRS Form 1099, and the recordation tax applicable to grantors. Except as otherwise agreed herein, all other expenses incurred by Purchaser in connection with the Contract and the transaction set forth therein, including, without limitation, title examination costs, insurance premiums, survey costs, recording costs, loan document preparation costs and fees of Purchaser's attorney, shall be borne by Purchaser. All taxes, assessments, interest, rent and mortgage insurance, if any, shall be prorated as of Settlement. In addition to the Purchase Price, Purchaser shall pay Seller (i) for all propane remaining on the Property (if any) at the prevailing market price as of Settlement and (ii) any escrow Deposits made by Seller which are credited to Purchaser by the holders thereof.
Expenses and Prorations. Seller agrees to pay the expense of preparing the deed and owner/seller affidavit, Seller’s settlement fee, certificate for non-foreign status and the recordation tax applicable to grantors. Except as other-wise agreed herein, all other expenses incurred by Purchaser in connection with this purchase shall be borne by the purchaser. All taxes, assessment, interest, rend, escrow deposits and other ownership fees, if any shall be prorated as of the date of settlement.
Expenses and Prorations. Seller agrees to pay the costs of preparing the deed, certificates for non-foreign status and state residency and the applicable IRS Form 1099, and the recordation tax applicable to grantors. Except as otherwise agreed herein, all Seller’s Initials Purchaser’s Initials ** SAMPLE ** 5 other expenses incurred by Purchaser in connection with the Contract and the transaction set forth therein, including, without limitation, title examination costs, insurance premiums, survey costs, recording costs, loan document preparation costs and fees of Purchaser's attorney, shall be borne by Purchaser. All taxes, assessments, interest, rent and mortgage insurance, if any, shall be prorated as of Settlement. In addition to the Purchase Price, Purchaser shall pay Seller (i) for all propane remaining on the Property (if any) at the prevailing market price as of Settlement and (ii) any escrow Deposits made by Seller which are credited to Purchaser by the holders thereof.
Expenses and Prorations. The expense of the transactions contemplated by this Agreement and any proration of expenses at the Closing shall be paid as follows:
(a) Developer will pay all costs related to its inspection of the Developer Parcel including survey and title, any title search, commitment and insurance policy premium, the recording charges for the Deed (defined below), and one-half of any escrow fees charged by the Title Company; (b) City will pay any CAUV recoupment for the conversion of Developer Parcel to nonagricultural use, all costs of obtaining and recording any releases of liens on the Developer Parcel required to be released hereunder, one-half of any escrow fees charged by the Title Company, any transfer tax, conveyance fee or similar charge of Xxxxxxxxxx County in connection with the sale of the Developer Parcel, Deed preparation fee, and (c) The real estate taxes and annual installments of assessments with respect to the Developer Parcel shall be prorated between City and Developer as of the Closing Date (as defined below) in accordance with the "short proration" method as is the custom of Xxxxxxxxxx County, Ohio. In the event that a plat, replat, or subdivision is required to convey the Developer Parcel, the City shall be responsible for the cost and expenses related thereto, and Developer shall cooperate fully with City in any actions necessary to accomplish the same.
Expenses and Prorations. Seller agrees to pay the costs of preparing the deed, certificates for non-foreign status and state residency and the applicable IRS Form 1099, and the recordation tax applicable to grantors. Except as otherwise agreed herein, all other expenses incurred by Purchaser in connection with the Contract and the transaction set forth therein, including, without limitation, title examination costs, insurance premiums, survey costs, recording costs, loan document preparation costs and fees of Purchaser's attorney, shall be borne by Purchaser. All taxes, assessments, interest, rent and mortgage insurance, if any, shall be prorated as of Settlement. In Seller’s Initials Purchaser’s Initials addition to the Purchase Price, Purchaser shall pay Seller (i) for all propane remaining on the Property (if any) at the prevailing market price as of Settlement and (ii) any escrow Deposits made by Seller which are credited to Purchaser by the holders thereof.
Expenses and Prorations. Seller agrees to pay the costs of preparing the deed, certificates for non-foreign status and state residency and the applicable IRS Form 1099, and the recordation tax applicable to grantors. Except as otherwise agreed herein, all other expenses incurred by Purchaser in connection with the Contract and the transaction set forth therein, including, without limitation, title examination costs, insurance premiums, survey costs, recording costs, loan document preparation costs and fees of Purchaser's attorney, shall be borne by Purchaser. All taxes, assessments, interest, rent and mortgage insurance, if any, shall be prorated as of Settlement. In
Expenses and Prorations. Each Party hereto shall pay its own costs and expenses incurred in connection with the negotiation, preparation and execution of this Agreement and other agreements and documents contemplated hereunder and the consummation of the transactions contemplated herein; provided, however, (a) Purchaser shall be responsible for and pay any recording fees and excise taxes arising or incurred in connection with the transfer of the Purchased Assets; and Purchaser and Seller shall equally share to the extent permitted by law any documentary tax and other taxes imposed on the transfer of the Purchased Assets including the real estate, (b) Purchaser shall be responsible for and pay any title commitment or examination charges and any closing, escrow or other fees charged by any title insurance company issuing such title commitment and the premiums for any title insurance policy, and all endorsements thereto, and (c) Purchaser shall pay for any real estate surveys and environmental site assessments for the Purchased Assets.. All real and personal property taxes, common area charges, special assessments and similar items assessed by any applicable governmental authority, lessor or homeowners or condominium association, if any, due and payable with respect to the Purchased Assets shall be prorated as of the date of Closing Date on the basis of the most recent available tax xxxx, and all such taxes, assessments and similar items covering periods on or prior to the Closing Date shall be paid by Seller and all such taxes, assessments and similar items covering periods after the Closing Date shall be paid by Purchaser. Any deposits or prepaid expenses which can be assigned to Purchaser will be so assigned and Purchaser will pay Seller the full amount thereof, subject to claims by the particular utility or lessor for damages and other costs, expenses and charges accrued or resulting from actions occurring prior to the Closing. Appropriate cash payments for the prorations by Seller or Purchaser as the case may require, shall be made from time to time, as soon as practicable after the facts giving rise to the obligation for such payments are known, to give effect to the prorations required by this Section. The obligations imposed by this Section shall survive until all prorations are finally determined to be acceptable to the Parties.
Expenses and Prorations. 7.1. Unless the Lease provides that Tenant shall pay in full and real and personal property ad valorem taxes and assessments and all installments of current year special assessments on the Property, Seller shall pay in full all real and personal property ad valorem taxes and assessments and all installments of current year special assessments payable on or before the Closing Date, and Buyer shall pay all such taxes and assessments that cannot be paid until after the Closing Date; provided, however, that taxes and assessments for the tax period in which Closing occurs shall be prorated based on the last preceding tax period for which the assessments are known. Seller shall pay the cost of any fees or payments incurred if there is a prepayment of any mortgage or encumbrance on the Property, the cost of recording the Special Warranty Deed, any brokerage commission payable by Seller pursuant to Section 10.4(a) and its own attorney’s fees, if any. Buyer shall pay the cost of the Commitment and any owner’s policy of title insurance and endorsements to be issued to Buyer, the Survey, the Environmental Audit, all costs related to Buyer’s Site Inspection, all other costs related to the Review Items, any brokerage commission payable by Buyer pursuant to Section 10.4(b), any mortgage registration taxes and its own attorneys fees, if any. Buyer and Seller shall evenly divide and pay any documentary stamp/transfer taxes or other transaction taxes and the closing costs to be paid to the Title Company, including but not limited to any escrow fee. All other items customarily subject to proration shall be prorated as of the Closing Date.
Expenses and Prorations. (a) Each party shall bear and pay its own costs and expenses relating to the transactions contemplated by, or the performance of or compliance with any condition or covenant set forth in, this Agreement. In determining the costs and expenses of each party hereunder, the following rules shall apply:
(a) Buyer shall pay all costs and expenses for the issuance of the Title Policy, the Title Survey and all documentary transfer taxes and recording fees; (b) all filing fees payable in connection with submissions to governmental agencies relating to the approval of the transactions contemplated hereby shall be paid by the party filing the same; (c) all fees and charges in connection with the submissions made to any governmental agency and advice in connection therewith respecting the approval of the transactions contemplated hereby will be borne one-half by Seller and one-half by Buyer; and (d) all other charges and fees shall be paid by the party incurring such charge or fee. Each party will pay its own attorneys fees incurred in the negotiation and review of this Agreement and the closing documents and the closing of this transaction. Fees or charges payable or earned under the Inmate Contracts, charges for utilities serving the Facility, and other items of income or expense shall be apportioned between the parties as of the date of Closing in accordance with the Management Agreement.
(b) Any deposits by Seller with utility companies will be refunded to Seller at Closing. Municipal or other governmental taxes or assessments for improvements assessed before the Closing date shall be paid by Seller in full.
Expenses and Prorations. (a) In addition to the expenses, adjustments and prorations set forth elsewhere in this Agreement, the expenses of this transaction and closing prorations shall be paid, as of the date of Closing, as follows:
(i) Purchaser will pay the costs and expenses for the Survey referred to in Paragraph 3; the title insurance examination fees and premiums for the issuance of the Title Commitment and the Title Policy referred to in Paragraph 4; the cost, if any, to delete the standard title exception for survey matters from the Title Policy; and the cost for the Environmental Report referred to in Paragraph 23.
(ii) Purchaser will pay the documentary stamp taxes and other recording or transfer taxes and the recording costs incurred in recording the deed and the other closing instruments to Purchaser.
(iii) Purchaser will pay its own attorney's fees incurred in the negotiation, preparation and review of this Agreement and the closing documents and the closing of this transaction. Purchaser will also pay (A) one-half (1/2) of Seller's attorney's fees incurred on or prior to February 1, 2001 in the negotiation, preparation and review of the letter of intent, dated January 15, 2001, the Agreement of Sale (Mountain View Correctional Facility and Pamlico Correctional Center), effective February 7, 2001, and/or the letter agreement, dated February 12, 2001, executed by the parties (collectively, the "Prior Agreements") and/or this Agreement; Purchaser's portion of such fees not to exceed Ten Thousand Dollars ($10,000.00), and (B) all of Seller's attorney's fees incurred after February 1, 2001, and through the effective date of this Agreement in the negotiation, preparation and review of the Prior Agreements and/or this Agreement; Purchaser's portion of such fees not to exceed Twelve Thousand Five Hundred Dollars ($12,500.00). Seller will pay its own attorney's fees incurred in the negotiation, preparation and review of the closing documents and the closing of this transaction.
(iv) Ad valorem and personal property taxes for the year of closing, charges for utilities serving the Property, and other items of expense in connection with the use or operation of the Property, for which Seller is obligated to pay, shall be apportioned between the parties as of the date of Closing. Items of income in connection with the use or operation of the Property, to which Seller is entitled to receive, will be apportioned between the parties as of the date of Closing.
(v) Seller and Purchase...
