Common use of RECORDATION OF CLOSING DOCUMENTS; CLOSING COSTS Clause in Contracts

RECORDATION OF CLOSING DOCUMENTS; CLOSING COSTS. 6.3.1 At Closing, Settlement Agent shall file for recordation among the Land Records the Deed, the Affordability Covenant and the Declaration. Settlement Agent or Developer shall then pay all settlement proceeds going to the District as shown on the Settlement Sheet to the District in the form of a certified or cashier’s check made payable to “D.C. Treasurer”. 6.3.2 At Closing, District shall be responsible for and pay the following costs: District’s attorneys’ fees and Settlement Agent’s charges customarily paid by sellers. At Closing, Developer shall be responsible for and pay the following costs: Developer’s attorneys’ fees, Settlement Agent’s charges customarily paid by purchasers, D.C. real property deed recordation tax imposed pursuant to Title 42, Chapter 11 of the D.C. Official Code (2001 ed. and as amended), fees and costs associated with Developer’s financing for its purchase of the Property and construction of the Project, and fees and costs associated with recording any documents in the Land Records required to be recorded pursuant to this Agreement.

Appears in 4 contracts

Samples: Property Disposition Agreement, Property Disposition Agreement, Property Disposition Agreement

AutoNDA by SimpleDocs

RECORDATION OF CLOSING DOCUMENTS; CLOSING COSTS. 6.3.1 At Closing, Settlement Agent shall file for recordation among the Land Records the Deed, the Affordability Covenant and the Declaration. Settlement Agent or Developer shall then pay all settlement proceeds going to the District as shown on the Settlement Sheet to the District in the form of a certified or cashier’s check made payable to “D.C. Treasurer”. 6.3.2 At Closing, District shall be responsible for and pay the following costs: District’s attorneys’ fees and Settlement Agent’s charges customarily paid by sellers. At Closing, Developer shall be responsible for and pay the following costs: DeveloperXxxxxxxxx’s attorneys’ fees, Settlement Agent’s charges customarily paid by purchasers, D.C. real property deed recordation tax imposed pursuant to Title 42, Chapter 11 of the D.C. Official Code (2001 ed. and as amended), fees and costs associated with Developer’s financing for its purchase of the Property and construction of the Project, and fees and costs associated with recording any documents in the Land Records required to be recorded pursuant to this Agreement.

Appears in 1 contract

Samples: Property Disposition Agreement

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!