Loan Assumption Costs. Purchaser shall be responsible for all loan assumption fees and other charges incurred to or on behalf of Lender in connection with the assumption of the Existing Loans and obtaining Lender’s consent and approval, or for all Defeasance Costs, as applicable.
Loan Assumption Costs. Any and all costs and expenses in connection with the assignment and assumption of the Assumed Mortgage Loans, including, but not limited to any transfer taxes on the amount of the debts being assumed, any mortgage taxes on the loans being assumed, any note taxes on indebtedness being assumed, any documentary stamp tax and any and all costs and expenses required under the Assumed Loan Documents or otherwise by the Mortgage Lenders, including the following loan assumption fees, costs or expenses expressly provided for in the Assumed Loan Documents:
Loan Assumption Costs. Notwithstanding any other provision of this Agreement to the contrary, any item of expense or deduction (including both book and tax items) related to the Prepayment Costs shall be specially allocated to the Class B Limited Partner and shall not be taken into account as an item of expense or deduction allocated under Sections 6.1 to 6.7, above. Further, for purposes of any reference to a Partner's ;Capital Account in Article V, Article VI and Article XI, such items of expense or deduction (and any increase in the Class B Limited Partner's Capital Account occurring as a result of the payment of the Prepayment Costs) shall be disregarded.
Loan Assumption Costs. At the Closing, Purchaser shall pay to the --------------------- Lender, through escrow, the Loan Assumption Costs in cash, in immediately available funds via wire transfer. The "Loan Assumption Costs" shall mean and refer to the aggregate of an assumption fee of one and one-half percent (1.5%) of the then outstanding principal amount of the Loan, and any and all costs and expenses actually incurred by the Lender in connection with Purchaser's assumption of the Loan to the extent Purchaser is required to pay such costs pursuant to the provisions of the Loan Assumption Documents (hereafter defined). Seller shall be solely responsible for the payment of all costs and expenses incurred by Seller in connection with the Loan Assumption and the Loan Release Documents (defined below), including without limitation, Seller's attorneys' fees and costs.
Loan Assumption Costs. Buyer shall pay the following costs and expenses relating to the assumption of the Existing Indebtedness: (i) the cost of applicable endorsements to the existing lender’s title policy required by the Lender relating to the assumption contemplated hereby, (ii) any transfer taxes and fees for recording the loan assumption of the Existing Indebtedness relating to the Project, including any stamp, documentary, intangible or transfer taxes, (iii) an assumption fee not to exceed one percent (1%) of the outstanding principal balance of the Existing Indebtedness as of the Effective Date, and (iv) related customary and reasonable application and loan fees, including, without limitation, the $7,500 application fee, Lender’s reasonable out of pocket expenses and Lender’s reasonable legal fees.
Loan Assumption Costs. The term “Loan Assumption Costs” shall mean all costs and fees incurred or payable in order to accomplish and complete the Loan Assumption (including but not limited to the Loan Assumption Fee, all costs and fees of Lender, and reasonable attorneys’ fees incurred by Seller in connection with the Loan Assumption).
Loan Assumption Costs. Acquirer shall pay all of the costs --------------------- related to the assumption of the New York Life Insurance Company mortgage loans, including all transfer and documentary taxes, lender's counsel fees and any loan assumption fee charged by New York Life Insurance Company up to a maximum of 1% of the assumed loan balance. The foregoing notwithstanding, if New York Life Insurance Company charges a higher fee, neither Acquirer nor Contributors shall be obligated to pay such excess.
Loan Assumption Costs. Buyer shall pay the following costs and expenses relating to the assumption of the Existing Indebtedness: (i) the cost of applicable endorsements to the existing lender’s title policy required by the Lender relating to the assumption contemplated hereby, (ii) any transfer taxes and fees for recording the loan assumption of the Existing Indebtedness relating to the Project, including any stamp, documentary, intangible or transfer taxes, (iii) one-half (1/2) of any assumption fee with respect to the assumption of the Existing Indebtedness, and (iv) related customary application and loan fees, including, without limitation, the $ application fee, Lender’s out of pocket expenses and Lender’s legal fees. Seller shall pay one-half (1/2) of any assumption fee with respect to the assumption of the Existing Indebtedness. With respect to any assumption fee, in no case shall Buyer or Seller be required to accept an aggregate assumption fee charged by Lender that exceeds one percent (1.0%) of the outstanding principal balance of the Existing Indebtedness as of the Closing Date.]
