Prorations, Credits and Charges. The Escrow Agent shall charge to District a) all transfer taxes required by law to be paid at the time of the filing of the Deeds, if applicable; b) the cost of the evidence or issuance of the title insurance binder or commitment and Title Policy required hereunder; c) the Escrow Fee, and d) the cost of recording and filing the Deeds. The Escrow Agent shall charge to City any prorations chargeable to City and shall charge to District any prorations chargeable to District.
Prorations, Credits and Charges. At or prior to the Closing referred to in Paragraph 11 hereof, Seller shall pay (i) the costs of obtaining and/or keeping in force the Title Commitment and the premiums for the title insurance described therein (including the charge for the extended coverage Title Insurance Endorsement required hereunder) up to the amount of the Purchase Price, (ii) the costs of obtaining the Plat of Survey, (iii) one-half of the charges of Escrowee for administering the Escrow including the fee for a “New York Style Closing”, (iv) all state, county and municipal taxes imposed by law on the transfer of title to the Property, (v) the amounts required to obtain and record the release of all liens and encumbrances, if any, affecting the Property (unless the same is an Insured Exception), (vi) the charges of Seller’s counsel and other advisors to Seller including, but not limited to, the Brokers, and (vii) all costs and expenses pertaining to obtaining and delivering to Purchaser the Property Documents. Purchaser shall be responsible for paying (i) one-half of the charges of Escrowee for administering the Escrow including the fee for a “New York Style Closing”, (ii) the premiums for the Title Insurance Endorsements other than for extended coverage and for title insurance in an amount, if any, exceeding the Purchase Price, or required in connection with any loan policy of title insurance issued in connection with this transaction, (iii) all of the charges of Escrowee for administering any separate money lender’s escrow agreement in connection with this transaction, (iv) recording costs for recording the deed of conveyance and all mortgage loan documents, and (v) the charges of Purchaser’s counsel and other advisors to Purchaser. General real estate taxes which are a lien but not yet due and payable and other ad valorem taxes and other state, county or city taxes, fees, charges and assessments affecting the Property shall be prorated as of the Closing Date on an accrual basis on the basis of the most recent ascertainable amount and credited to Purchaser on the Closing Date. Said taxes shall be reprorated by the parties when and as the actual amount of such item of income or expense becomes known, and the diference between the respective actual and estimated amount shall be paid, together with interest thereon at the rate of ten percent (10%) per annum if not paid within fifteen (15) days after the amount has been determined, by the party who received a preliminary credit in exce...
Prorations, Credits and Charges. Buyer shall be responsible for (i) one-half of the fees, costs and expenses of the Escrow Agent, (ii) all survey costs, (iii) all premiums for title insurance policy. Seller shall pay at closing (i) all recording charges for the deed and (ii) one-half of the fees, costs and expenses of the Escrow Agent.
