Common use of Real Estate Commission Clause in Contracts

Real Estate Commission. Seller and Buyer each represent and warrant to the other that neither Seller nor Buyer has contacted or entered into any agreement with any real estate broker, agent, finder or any other Party in connection with this transaction, and that neither Party has taken any action which would result in any real estate broker’s, finder’s or other fees or commissions being due and payable to any Party with respect to the transaction contemplated hereby, except that Existing Owner will pay a commission to L.P. & Co. (“Broker”) under the terms of a separate agreement between Existing Owner and Broker. Such commission shall be payable on the Closing Date from the proceeds of the Purchase Price deposited by Buyer. Each Party hereby indemnifies and agrees to hold the other Party harmless from any loss, liability, damage, cost, or expense (including reasonable attorneys’ fees) resulting to the other Party by reason of a breach of the representation and warranty made by such Party in this Section.

Real Estate Commission. Seller and Buyer each represent and warrant to the other that neither Seller nor Buyer has contacted or entered into any agreement with any real estate broker, agent, finder or any other Party in connection with this transaction, and that neither Party has taken any action which would result in any real estate broker’s, finder’s or other fees or commissions being due and payable to any Party with respect to the transaction contemplated hereby, except that Existing Owner Seller will pay a commission to L.P. & Co. (“Broker”) under the terms of a separate agreement between Existing Owner Seller and Broker. Such commission shall be payable on the Closing Date from the proceeds of the Purchase Price deposited by Buyer. Each Party hereby indemnifies and agrees to hold the other Party harmless from any loss, liability, damage, cost, or expense (including reasonable attorneys’ fees) resulting to the other Party by reason of a breach of the representation and warranty made by such Party in this Section.

Real Estate Commission. Seller and Buyer each represent and warrant to the other that neither Seller nor Buyer has contacted or entered into any agreement with any real estate broker, agent, finder or any other Party in connection with this transaction, and that neither Party has taken any action which would result in any real estate broker’s, finder’s or other fees or commissions being due and payable to any Party with respect to the transaction contemplated hereby, except that Existing Owner Seller will pay a commission to L.P. & Co. VantAge Pointe Capital Management and Advisory, Inc. (“Broker”) under the terms of a separate agreement between Existing Owner Seller and Broker. Such commission shall be payable on the Closing Date from the proceeds of the Purchase Price deposited by Buyer. Each Party hereby indemnifies and agrees to hold the other Party harmless from any loss, liability, damage, cost, or expense (including reasonable attorneys’ fees) resulting to the other Party by reason of a breach of the representation and warranty made by such Party in this Section.

Real Estate Commission. Seller and Buyer each represent and warrant to the other that neither Seller nor Buyer has contacted or entered into any agreement with any real estate broker, agent, finder or any other Party party in connection with this transaction, and that neither Party party has taken any action which would result in any real estate broker’s, finder’s or other fees or commissions being due and payable to any Party party with respect to the transaction contemplated hereby, except that Existing Owner will pay a commission to L.P. & Co. Seller has contracted with Xxxx Brothers (“Sellers Broker”) under the terms of as its broker and Seller will pay Seller’s Broker pursuant to a separate agreement between Existing Owner and Brokerwritten agreement. Such commission shall be payable on the Closing Date from the proceeds of the Purchase Price deposited by Buyer. Each Party party hereby indemnifies and agrees to hold the other Party party harmless from any loss, liability, damage, cost, or expense (including reasonable attorneys’ fees) resulting to the other Party party by reason of a breach of the representation and warranty made by such Party party in this Section.

Real Estate Commission. Seller and Buyer each represent and warrant to the other that neither Seller nor Buyer has contacted or entered into any agreement with any real estate broker, agent, finder or any other Party party in connection with this transaction, and that neither Party party has taken any action which would result in any real estate broker’s, finder’s or other fees or commissions being due and payable to any Party party with respect to the transaction contemplated hereby, hereby except that Existing Owner will Seller has contracted with Xxxxxxxx Companies, Inc., as its broker, and shall pay a commission to L.P. & Co. (“Broker”) under the terms of a separate agreement between Existing Owner and Broker. Xxxxxxxx Companies, Inc.. Such commission shall be payable on upon the Closing Date Close of Escrow from the proceeds of the Purchase Price deposited by Buyer. Each Party party hereby indemnifies and agrees to hold the other Party party harmless from any loss, liability, damage, cost, or expense (including reasonable attorneys’ fees) resulting to the other Party party by reason of a breach of the representation and warranty made by such Party party in this SectionParagraph.