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

Payment of Transaction Costs and Expenses. 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 Xxxxxxx Xxxxx Price & 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 3 contracts

Samples: Note and Mortgage Assumption Agreement, Assumption Agreement, Note and Deed of Trust Assumption Agreement (Gc Net Lease Reit, Inc.)

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Payment of Transaction Costs and Expenses. 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 Xxxxxxx Xxxxx Price & 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 Xxxxxx insuring the Loan Documents as affected by this Agreement.

Appears in 1 contract

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

Payment of Transaction Costs and Expenses. Any or both of New 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 Xxxxxxx Xxxxx Price & 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 Security Instrument as affected by this Agreement.

Appears in 1 contract

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

Payment of Transaction Costs and Expenses. 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 Xxxxxxx Xxxxx Price & 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.. 2.5

Appears in 1 contract

Samples: Note and Mortgage Assumption Agreement

Payment of Transaction Costs and Expenses. 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 Xxxxxxx Xxxxx Price & 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 1 contract

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

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Payment of Transaction Costs and Expenses. 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 Xxxxxxx Sxxxxxx Xxxxx Price & Xxxxxxx 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 '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 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 (Bluerock Residential Growth REIT, Inc.)

Payment of Transaction Costs and Expenses. 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 Xxxxxxx Xxxxx Price & 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 1 contract

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

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