Loan Assumption Costs Sample Clauses

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.
Sample 1
AutoNDA by SimpleDocs
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:
Sample 1
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.
Sample 1
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.
Sample 1
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.
Sample 1
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).
Sample 1
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.
Sample 1
AutoNDA by SimpleDocs
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.]
Sample 1

Related to Loan Assumption Costs

  • Loan Assumption Provided no Event of Default is then continuing, Mortgage Borrower shall have the one time right to sell, assign, convey or transfer (but not mortgage, hypothecate or otherwise encumber or grant a security interest in) legal or equitable title to all (but not fewer than all) of the Properties only if after giving effect to the proposed transaction (i) the Properties will be owned by one or more Single Purpose Entities wholly owned by a Permitted Transferee or a Pre-approved Transferee which shall have executed and delivered to Mezzanine Lender an assumption agreement in form and substance acceptable to Mezzanine Lender. Any such assumption of the Loan shall be conditioned upon, among other things, (i) the delivery of financial information, including, without limitation, audited financial statements, for such purchaser and the direct and indirect owners such purchaser, (ii) the delivery of evidence that the purchaser is a Single Purpose Entity and is not a Disqualified Transferee, (iii) the execution and delivery of all documentation reasonably requested by Mezzanine Lender, (iv) the delivery of Opinions of Counsel requested by Mezzanine Lender, including, without limitation, a Non-Consolidation Opinion with respect to the purchaser and other entities identified by Mezzanine Lender or requested by the Rating Agencies and opinions with respect to the valid formation, due authority and good standing of the purchaser and any additional pledgors and the continued enforceability of the Loan Documents (Mezzanine) and any other matters requested by Mezzanine Lender, (v) the delivery of a mezzanine endorsement to the Title Policy in form and substance acceptable to Mezzanine Lender, insuring the lien of the Security Instrument, as assumed, subject only to the Permitted Encumbrances and (vi) the payment of all of Mezzanine Lender’s reasonable out-of-pocket fees, costs and expenses, including, without limitation, reasonable attorneys’ fees and costs, actually incurred by Mezzanine Lender in connection with such assumption.

  • Defeasance and Assumption Costs The related Mortgage Loan documents provide that the related borrower is responsible for the payment of all reasonable costs and expenses of the lender incurred in connection with the defeasance of such Mortgage Loan and the release of the related Mortgaged Property, and the borrower is required to pay all reasonable costs and expenses of the lender associated with the approval of an assumption of such Mortgage Loan.

  • Transaction Costs Borrower shall have paid or reimbursed Lender for all title insurance premiums, recording and filing fees or taxes, costs of environmental reports, Physical Conditions Reports, appraisals and other reports, the fees and costs of Lender's counsel and all other third party out-of-pocket expenses incurred in connection with the origination of the Loan.

  • Collection Costs In addition, the Issuer will pay the costs of collection, including all amounts owed to the Indenture Trustee under Section 6.7.

  • Construction Costs Tenant shall pay for all construction costs, including, but not limited to permits, costs of materials and labor, sales tax, construction management fees and the like except to the extent of the Tenant Improvement Allowance which shall be paid by Landlord. The term “Tenant Improvement Allowance” shall mean the sum of $316,020.00 (or $15.00 per square foot of rentable area times 21,068 square feet of rentable area) which Landlord agrees to pay towards the construction costs. Landlord agrees to pay architectural fees and design services up to $1.25 per rentable square foot. Any services performed by the architect above the $1.25 per rentable square foot shall be the responsibility of the Tenant and may be paid out of the Tenant Improvement Allowance to the extent funds are available. Notwithstanding anything to the contrary, provided there is any unused portion of the Tenant Improvement Allowance, up to 20% of the allowance can be used by the Tenant as a moving allowance or for communications costs for cabling and data. Tenant must submit invoices for such allowances for Landlord to pay. Xxxxxx Development will act as General Contractor for the construction of tenant improvements, competitively bidding each trade to at least three subcontractors, the typical five percent (5%) construction management fee will not be charged to Tenant or deducted from the Tenant Improvement Allowance. Landlord shall obtain bids based on the Approved Pricing Plans and construct the Work as described in the Approved Pricing Plans. If after finalizing the Approved Working Drawings, it is determined that the construction costs will exceed the amount of the Tenant Improvement Allowance (an “Excess”), then Tenant shall pay to Landlord the amount of such Excess within ten (10) days of written request from Landlord. Notwithstanding anything to the contrary, if Tenant fails to pay any Excess timely, Landlord shall not be obligated to commence construction of the Work and such delay shall constitute a Tenant Delay for each day beyond the ten (10) day period until the Excess is paid to Landlord. If Tenant elects not to use Xxxxxx Development as the General Contractor, Tenant understands that Landlord, or its designated agent, shall serve as construction manager for all of Tenant’s refurbishment and renovations in the refurbishment and renovations in the Premises and the fee for such service is 5% of the total cost of all work performed in connection with such refurbishment and renovations. Tenant agrees to cooperate with Landlord in completing any such improvements on a timely basis and Tenant has approved the preliminary space plan and pricing documentation. Additional space on the 3rd floor which Tenant elects to lease pursuant [****] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 OF THE SECURITIES ACT OF 1933, AS AMENDED. to a right hereunder shall be finished out by Landlord pursuant to mutually agreed upon plans and Tenant shall receive an allowance of $15.00 per square foot of rentable area provided, however, Tenant acknowledges that Landlord is improving the entire third (3rd) floor prior to commencement of the Lease and Tenant shall not be entitled to any additional tenant finish when Tenant leases the remainder of the third floor.

  • Payoffs and Assumptions The Seller shall provide to the Purchaser, or its designee, copies of all assumption and payoff statements generated by the Seller on the related Mortgage Loans from the related Cut-off Date to the related Transfer Date.

  • Acceptance and Assumption Assignee hereby accepts the foregoing assignment and further hereby assumes and agrees to perform, from and after January 1, 2002, all duties, obligations and responsibilities of the property manager arising under the Agreement.

  • Termination Costs Concurrently with the exchange of final reports pursuant to Articles 4.2 and 5.2, PHS shall submit to the Collaborator for payment a statement of all costs incurred prior to the date of termination and for all reasonable termination costs including the cost of returning Collaborator property or removal of abandoned property, for which Collaborator shall be responsible.

  • Assignment, Assumption and Conveyance 1. The Assignor hereby conveys, sells, grants, transfers and assigns to the Assignee all of the right, title and interest (other than those rights specifically retained by the Assignor pursuant to this Agreement) of the Assignor, as purchaser, in, to and under (a) those certain mortgage loans listed on the schedule (the "Mortgage Loan Schedule") attached hereto as Exhibit A (the "Mortgage Loans"), (b) solely insofar as it relates to the Mortgage Loans, that certain Flow Mortgage Loan Purchase and Warranties Agreement, dated as of April 1, 2006 (the "Purchase Agreement"), between the Assignor, as purchaser (in such capacity, the "Purchaser"), and the Company, as seller. The Assignor hereby agrees that it will (i) deliver possession of the notes evidencing the Mortgage Loans to, or at the direction of, the Assignee or its designee and (ii) take in a timely manner all necessary steps under all applicable laws to convey and to perfect the conveyance of the Mortgage Loans as required under the Pooling Agreement (as defined below). The Assignor specifically reserves and does not assign to the Assignee hereunder (i) any and all right, title and interest in, to and under and any obligations of the Assignor with respect to any mortgage loans subject to the Purchase Agreement that are not the Mortgage Loans set forth on the Mortgage Loan Schedule and are not the subject of this Agreement or (ii) the rights of the Purchaser under Section 13 and Subsection 14.01 of the Purchase Agreement. The Assignee hereby assumes all of the Assignor's obligations from and after the date hereof under the Mortgage Loans and the Purchase Agreement solely insofar as such obligations relate to the Mortgage Loans. The Assignee does not assume hereby such obligations of Assignor prior to the date hereof. Recognition of the Company

  • Relocation Costs If relocation occurs after the Commencement Date, then Landlord shall pay Tenant's reasonable third-party costs of moving Tenant's furnishings, telephone and computer wiring, and other property to the Substitute Premises, and reasonable printing costs associated with the change of address.

Time is Money Join Law Insider Premium to draft better contracts faster.