Common use of Expenses and Prorations Clause in Contracts

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. 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 titleParcel, any title search, commitment and insurance policy premium, the recording charges for the Deed (as 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, real estate broker commissions, 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.