Purchaser’s Transaction Costs. In addition to the other costs and expenses to be paid by Purchaser as set forth elsewhere in this Agreement, Purchaser shall pay for the following items in connection with this transaction: (i) the fees and expenses incurred by Purchaser for Purchaser’s Inspectors or otherwise in connection with the Inspections; (ii) any fees or expenses payable for the assignment, transfer or conveyance of any Tenant Leases, Contracts, Licenses and Permits, IT Systems, Plans and Specifications and Warranties; (iii) the fees and expenses for the Updated Survey; (iv) 50% of the fees and expenses for the Deposit Escrow Agent; (v) 40% of the customary fees and expenses for the Title Commitment and Title Policy (excluding endorsements); (vi) the cost for any title endorsements to the Title Policy requested by Purchaser; (vii) any mortgage tax, title insurance fees and expenses for any loan title insurance policies, recording charges or other amounts payable in connection with any financing obtained by Purchaser; (viii) recording fees for the Deed; (ix) the fees and expenses of its own attorneys, accountants and consultants; and (x) 50% of any transfer, sales or similar tax and recording charges payable in connection with the conveyance of the Property or the other assets of the Business.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Lightstone Value Plus Real Estate Investment Trust V, Inc.)
Purchaser’s Transaction Costs. In addition to the other costs and expenses to be paid by Purchaser as set forth elsewhere in this Agreement, Purchaser shall pay for the following items in connection with this transaction: (i) the fees and expenses incurred by Purchaser for Purchaser’s Inspectors or otherwise in connection with the Inspections; (ii) the fees and expenses for any Updated Survey; (iii) any transfer, sales or similar tax and recording charges payable in connection with the conveyance of the Personal Property; (iv) any fees or expenses payable for the assignment, transfer or conveyance of any Tenant Leases, Contracts, Licenses and Permits, IT Systems, Intellectual Property, Plans and Specifications and Warranties; , and any fees payable to replace the goods or services provided under the National/Regional Operating Agreements (iii) the fees and expenses for the Updated Survey; (iv) 50% of the fees and expenses for the Deposit Escrow Agentwhich are not assigned or transferred to Purchaser); (v) 40% of the customary fees and expenses for the Title Commitment and Title Policy (excluding endorsements); (vi) the cost for any title endorsements to the Title Policy requested by Purchaser; (vii) any mortgage tax, title insurance fees and expenses for any loan title insurance policies, recording charges or other amounts payable in connection with any financing obtained by Purchaser; (viiivi) recording fees and expenses for any extended title coverage or endorsement beyond the cost of the basic CLTA portion of the Title Policy; (vii) one half (1/2) of the fees and expenses for the DeedEscrow Agent; and (ixviii) the fees and expenses of its own attorneys, accountants and consultants; and (x) 50% of any transfer, sales or similar tax and recording charges payable in connection with the conveyance of the Property or the other assets of the Business.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Pebblebrook Hotel Trust)
Purchaser’s Transaction Costs. In addition to the other costs and expenses to be paid by Purchaser as set forth elsewhere in this Agreement, Purchaser shall pay for the following items in connection with this transaction: (i) the fees and expenses incurred by Purchaser for Purchaser’s Inspectors or otherwise in connection with the Inspections; (ii) the fees and expenses for any updated Title Commitment or Survey; (iii) any sales or similar tax and recording charges payable in connection with the conveyance of the Property; (iv) any fees or expenses payable for the assignment, transfer or conveyance of any Tenant the Equipment Leases, ContractsOperating Agreements, Warranties, Licenses and Permits, IT Systems, Plans and Specifications and Warranties; Intellectual Property (iii) including the fees and expenses for the Updated Survey; (iv) 50% transfer of any security deposits under any of the foregoing) and security deposits under the Tenant Leases, and any fees payable to replace the goods or services provided under the National/Regional Operating Agreements except to the extent such National/Regional Operating Agreements are continued by Manager after the Closing pursuant to and expenses for subject to the Deposit Escrow Agentterms and provisions of the Management Agreement; (v) 40% of the customary fees and expenses for the Title Commitment and Title Policy (excluding endorsements); (vi) the cost for any title endorsements to the Title Policy requested by Purchaser; (vii) any mortgage tax, title insurance fees and expenses for any loan title insurance policies, recording charges or other amounts payable in connection with any financing obtained by Purchaser; (vi) City of Chicago real property transfer taxes; (vii) one-half (-1/2) of the closing and escrow fees and expenses for the Escrow Agent (including any fees and costs for a “New York-style” escrow); (viii) recording fees the costs for obtaining any title endorsements (except for those owner’s title endorsements obtained for the Deedpurpose of curing an Unpermitted Exception); and (ix) the fees and expenses of its own attorneys, accountants and consultants; and (x) 50% of any transfer, sales or similar tax and recording charges payable in connection with the conveyance of the Property or the other assets of the Business.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Westin Hotels LTD Partnership)
Purchaser’s Transaction Costs. In addition to the other costs and expenses to be paid by Purchaser as set forth elsewhere in this Agreement, Purchaser shall pay for the following items in connection with this transaction: (i) the fees and expenses incurred by Purchaser for Purchaser’s Inspectors or otherwise in connection with the Inspections; (ii) the fees and expenses for the Title Commitment, Title Policy and Survey (any updates thereof); (iii) any transfer, sales or similar tax and recording charges payable in connection with the conveyance of the Property; (iv) any fees or expenses payable for the assignment, transfer or conveyance of any Tenant Equipment Leases, ContractsOperating Agreements, Licenses and Permits, IT SystemsIntellectual Property, Plans and Specifications and Warranties; , and any fees or costs payable to replace the goods or services provided under the National/Regional Operating Agreements (iii) the which are not assigned or transferred to Purchaser), but excluding any termination or similar fees and expenses for the Updated Survey; (iv) 50% of the fees and expenses for the Deposit Escrow Agentpayable with respect to such National/Regional Operating Agreements; (v) 40% of the customary fees and expenses for the Title Commitment and Title Policy (excluding endorsements); (vi) the cost for any title endorsements to the Title Policy requested by Purchaser; (vii) any mortgage tax, title insurance fees and expenses for any loan title insurance policies, recording charges or other amounts payable in connection with any financing obtained by Purchaser; (viiivi) recording one half ( 1/2) of the fees and expenses for the DeedEscrow Agent; and (ixvii) the fees and expenses of its own attorneys, accountants and consultants; and (x) 50% of any transfer, sales or similar tax and recording charges payable in connection with the conveyance of the Property or the other assets of the Business.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Highland Hospitality Corp)
Purchaser’s Transaction Costs. In addition to the other costs and expenses to be paid by Purchaser as set forth elsewhere in this Agreement, Purchaser shall pay for the following items in connection with this transaction: (i) the fees and expenses incurred by Purchaser for Purchaser’s Inspectors or otherwise in connection with the Inspections; (ii) fifty percent (50%) of the fees and expenses for the Title Policy; (iii) the fees and expenses of any endorsements to the Title Policy (other than any endorsements necessary for removing or curing any Unpermitted Exceptions as required under Section V.C.4); (iv) the fees and expenses for any updates of the Survey or for any new survey; (v) fifty percent (50%) of any transfer, sales or similar tax and recording charges payable in connection with the conveyance of the Property; (vi) any fees or expenses payable for the assignment, transfer or conveyance of any Tenant Equipment Leases, ContractsOperating Agreements, Licenses and PermitsPermits and Intellectual Property, IT Systems, Plans and Specifications and Warranties; any fees payable to replace the goods or services provided under the National/Regional Operating Agreements (iii) the fees and expenses for the Updated Survey; (iv) 50% of the fees and expenses for the Deposit Escrow Agent; (v) 40% of the customary fees and expenses for the Title Commitment and Title Policy (excluding endorsementswhich are not assigned or transferred to Purchaser); (vi) the cost for any title endorsements to the Title Policy requested by Purchaser; (vii) any mortgage tax, title insurance fees and expenses for any loan title insurance policiespolicies (and endorsements thereto), recording charges or other amounts payable in connection with any financing obtained by Purchaser; (viii) recording fifty percent (50%) of the fees and expenses for the DeedEscrow Agent; and (ix) the fees and expenses of its own attorneys, accountants and consultants; and (x) 50% of any transfer, sales or similar tax and recording charges payable in connection with the conveyance of the Property or the other assets of the Business.
Appears in 1 contract
Samples: Purchase and Sale Agreement (DiamondRock Hospitality Co)