Common use of Payment of Transaction Costs and Expenses Clause in Contracts

Payment of Transaction Costs and Expenses. Original Borrower shall pay at the time of execution of this Agreement by Lender: (a) the legal fees and disbursements of Lender's counsel, Bilzin Sxxxxxx Xxxxx Price & Axxxxxx LLP, in connection with the preparation of this Agreement and the transactions contemplated in this Agreement; (b) all recording costs and documentary stamps, or other taxes if any, due upon the recording of this Agreement; and (c) the costs of updating Lender's policy of title insurance insuring the Security Instrument to a current date and endorsing such policy to include this Agreement in the description of the Security Instrument with no additional exceptions, or, at Lender's option, the cost of obtaining a new Lender's policy of title acceptable to Lender insuring the Loan Documents as affected by this Agreement.

Appears in 3 contracts

Samples: Joinder by and Agreement (American Realty Capital Healthcare Trust Inc), Note and Mortgage Assumption Agreement (American Realty Capital Healthcare Trust Inc), Note and Mortgage Assumption Agreement (American Realty Capital Healthcare Trust Inc)

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Payment of Transaction Costs and Expenses. Original Any or both of Borrower Parties shall pay at the time of execution of this Agreement by Lender: (a) the legal fees and disbursements of Lender's ’s counsel, Bilzin Sxxxxxx Xxxxxxx Xxxxx Price & Axxxxxx Xxxxxxx LLP, in connection with the preparation of this Agreement and the transactions contemplated in this Agreement; (b) all recording costs and documentary stamps, or other taxes if any, due upon the recording of this Agreement; and (c) the costs of updating Lender's ’s policy of title insurance insuring the Security Instrument to a current date and endorsing such policy to include this Agreement in the description of the Security Instrument with no additional exceptions, or, at Lender's ’s option, the cost of obtaining a new Lender's ’s policy of title acceptable to Lender insuring the Loan Documents as affected by this Agreement.

Appears in 3 contracts

Samples: Assumption Agreement, Assumption Agreement, Assumption Agreement (Gc Net Lease Reit, Inc.)

Payment of Transaction Costs and Expenses. Original Any or both of Borrower Parties shall pay at the time of execution of this Agreement by LenderXxxxxx: (a) the legal fees and disbursements of Lender's ’s counsel, Bilzin Sxxxxxx Xxxxxxx Xxxxx Price & Axxxxxx Xxxxxxx LLP, in connection with the preparation of this Agreement and the transactions contemplated in this Agreement; (b) all recording costs and documentary stamps, or other taxes if any, due upon the recording of this Agreement; and (c) the costs of updating Lender's ’s policy of title insurance insuring the Security Instrument to a current date and endorsing such policy to include this Agreement in the description of the Security Instrument with no additional exceptions, or, at Lender's ’s option, the cost of obtaining a new Lender's ’s policy of title acceptable to Lender Xxxxxx insuring the Loan Documents as affected by this Agreement.

Appears in 1 contract

Samples: Assumption Agreement (TNP Strategic Retail Trust, Inc.)

Payment of Transaction Costs and Expenses. Original Any or both of Borrower Parties shall pay at the time of execution of this Agreement by Lender: (a) the legal fees and disbursements of Lender's counsel, Bilzin Sxxxxxx Xxxxxxx Xxxxx Price & Axxxxxx Xxxxxxx LLP, in connection with the preparation of this Agreement and the transactions contemplated in this Agreement; (b) all recording costs and documentary stamps, or other taxes if any, due upon the recording of this Agreement; and (c) the costs of updating Lender's policy of title insurance insuring the Security Instrument to a current date and endorsing such policy to include this Agreement in the description of the Security Instrument with no additional exceptions, or, at Lender's option, the cost of obtaining a new Lender's policy of title acceptable to Lender insuring the Loan Documents as affected by this Agreement.. 2.5

Appears in 1 contract

Samples: Note and Mortgage Assumption Agreement

Payment of Transaction Costs and Expenses. Original Any or both of Borrower Parties shall pay at the time of execution of this Agreement by LenderXxxxxx: (a) the legal fees and disbursements of Lender's counsel, Bilzin Sxxxxxx Xxxxxxx Xxxxx Price & Axxxxxx Xxxxxxx LLP, in connection with the preparation of this Agreement and the transactions contemplated in this Agreement; (b) all recording costs and documentary stamps, or other taxes if any, due upon the recording of this Agreement; and (c) the costs of updating Lender's policy of title insurance insuring the Security Instrument to a current date and endorsing such policy to include this Agreement in the description of the Security Instrument with no additional exceptions, or, at Lender's option, the cost of obtaining a new Lender's policy of title acceptable to Lender insuring the Loan Documents as affected by this Agreement.

Appears in 1 contract

Samples: Assumption Agreement (Alexander & Baldwin, Inc.)

Payment of Transaction Costs and Expenses. Original New Borrower shall pay at the time of execution of this Agreement by Lender: (a) the legal fees and disbursements of Lender's counsel, Bilzin Sxxxxxx Xxxxxxx Xxxxx Price & Axxxxxx Xxxxxxx LLP, in connection with the preparation of this Agreement and the transactions contemplated in this Agreement; (b) all recording costs and documentary stamps, or other taxes if any, due upon the recording of this Agreement; and (c) the costs of updating Lender's policy of title insurance insuring the Security Instrument to a current date and endorsing such policy to include this Agreement in the description of the Security Instrument with no additional exceptions, or, at Lender's option, the cost of obtaining a new Lender's policy of title acceptable to Lender insuring the Loan Documents Security Instrument as affected by this Agreement.

Appears in 1 contract

Samples: Note and Deed of Trust Assumption Agreement (Summit Hotel Properties LLC)

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Payment of Transaction Costs and Expenses. Original Any or both of Borrower Parties shall pay at the time of execution of this Agreement by Lender: (a) the legal fees and disbursements of Lender's counsel, Bilzin Sxxxxxx Xxxxxxx Xxxxx Price & Axxxxxx Xxxxxxx LLP, in connection with the preparation of this Agreement and the transactions contemplated in this Agreement; (b) all recording costs and documentary stamps, or other taxes if any, due upon the recording of this Agreement; and (c) the costs of updating Lender's policy of title insurance insuring the Security Instrument to a current date and endorsing such policy to include this Agreement in the description of the Security Instrument with no additional exceptions, or, at Lender's option, the cost of obtaining a new Lender's policy of title acceptable to Lender insuring the Loan Documents as affected by this Agreement.

Appears in 1 contract

Samples: Note and Deed of Trust Assumption Agreement (Cole Credit Property Trust II Inc)

Payment of Transaction Costs and Expenses. Original Borrower shall pay at the time of execution of this Agreement by Lender: (a) the legal fees and disbursements of Lender's counsel, Bilzin Sxxxxxx Xxxxxxx Xxxxx Price & Axxxxxx Xxxxxxx LLP, in connection with the preparation of this Agreement and the transactions contemplated in this Agreement; (b) all recording costs and documentary stamps, or other taxes if any, due upon the recording of this Agreement; and (c) the costs of updating Lender's policy of title insurance insuring the Security Instrument to a current date and endorsing such policy to include this Agreement in the description of the Security Instrument with no additional exceptions, or, at Lender's option, the cost of obtaining a new Lender's policy of title acceptable to Lender insuring the Loan Documents as affected by this Agreement.

Appears in 1 contract

Samples: Note and Mortgage Assumption Agreement

Payment of Transaction Costs and Expenses. Original Any or both of Borrower Parties shall pay at the time of execution of this Agreement ·by Lender: (a) the legal fees and disbursements of Lender's counsel, Bilzin Sxxxxxx Xxxxx Price & Axxxxxx LLP, in connection with the preparation of this Agreement and the transactions contemplated in this Agreement; (b) all recording costs and documentary stamps, or other taxes if any, due upon the recording of this Agreement; and (c) the costs of updating Lender's policy of title insurance insuring the Security Instrument to a current date and endorsing such policy to include this Agreement in the description of the Security Instrument with no additional exceptions, or, at Lender's option, the cost of obtaining a new Lenderlender's policy of title acceptable to Lender insuring the Loan Documents as affected by this Agreement.

Appears in 1 contract

Samples: Assumption Agreement (Bluerock Residential Growth REIT, Inc.)

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