Registration and Other Costs. (a) The Vendor and the Purchaser shall be responsible for the costs of the Vendor’s Solicitors and the Purchaser’s Solicitors, respectively, in respect of the Transaction.
(b) Except as otherwise provided in this Section 5.5, the Purchaser and the Vendor shall each be responsible for and pay one-half (1⁄2) of all taxes, fees and other costs payable in connection with the conveyance or transfer of the Subject Assets, including without limitation, costs of registering the Transfer Documents by the Purchaser, all provincial and municipal land transfer taxes payable upon registration of the Transfer Documents (but excluding all provincial and municipal land transfer taxes payable upon registration of the Master Lease (or notices thereof) for which the Vendor shall be solely responsible), costs of the Title Policies, fees for obtaining the Competition Act Approval and fees for obtaining GPEB and BCLC approval. The Vendor and Purchaser shall make all adjustments in their respective statements of adjustments in accordance with this Section 5.5(b). The parties shall make readjustments after Closing as necessary. Each party will pay to the other promptly such net amounts as are shown to be owed by it to the other on the readjustment statements.
(c) The Purchaser shall be responsible for the cost of any title insurance for its lenders. The Vendor shall be responsible for the costs of preparing and registering any discharges of Encumbrances with respect to the Subject Assets which are not Permitted Encumbrances.
(d) The Purchaser shall indemnify and save harmless the Vendor and its shareholders, directors, officers, employees and agents from all Claims incurred, suffered or sustained as a result of a failure by the Purchaser to file any returns, certificates, filings, elections, notices or other documents required to be filed by the Purchaser with any federal, provincial or other taxing authorities in connection with the conveyance or transfer of the Subject Assets.
(e) The Purchaser and the Vendor agree that if GST is exigible on this Transaction then it is the Vendor’s obligation to collect GST, and the Purchaser’s obligation to pay GST on Closing. The Purchaser confirms that it will be registered with CRA or any successor thereto in compliance with subdivision d of Division V of Part IX of the Excise Tax Act (Canada) relating to GST on the Closing Date. The Purchase Price does not include GST and the Purchaser confirms that it will be responsible for the GST payab...
Registration and Other Costs. 4.1 The Purchaser shall be responsible for and pay any land transfer taxes payable on the transfer of the Property, all registration fees payable in respect of registration by it of any documents on Closing (other than discharges of encumbrances which are required to be made by the Vendor, which shall be the responsibility of the Vendor) and all federal and provincial sales and other taxes payable by a purchaser upon or in connection with the conveyance or transfer of the Property. If the Purchaser does not or cannot execute and deliver the HST Declaration and Indemnity, it shall pay to the Vendor all HST applicable to the Purchase Price.
4.2 The Purchaser shall indemnify and save harmless the Vendor and its shareholders, directors, officers, employees, advisors and agents from all claims, actions, causes of action, proceedings, losses, damages, costs, liabilities and expenses incurred, suffered or sustained as a result of a failure by the Purchaser:
(1) to pay any federal, provincial or other taxes payable by the Purchaser in connection with the conveyance or transfer of the Property whether arising from a reassessment or otherwise, including provincial retail sales tax and goods and services tax, if applicable; and/or
(2) to file any returns, certificates, filings, elections, notices or other documents required to be filed by the Purchaser with any federal, provincial or other taxing authorities in connection with the conveyance or transfer of the Property.
4.3 The Purchaser's obligations under this Article 4 shall survive closing. 5.1 The Purchaser shall accept, assume and take title to the Property and any improvements thereon in an "as is, where is" condition. The term "as is, where is" means in its existing condition or state without any agreement, representation or warranty of any kind, either express or implied on the part of the Vendor, as to the condition of the soil, the subsoil, the ground and surface water or any other environmental matters, the condition of the Lands or the condition of the Buildings, if any, or any other matter respecting the Property whatsoever, including without limitation, compliance with Environmental Law, the existence of any Hazardous Substance or Contaminant, or the use to which the Property may be put and its zoning. Without limiting the foregoing, it is understood that the Purchaser accepts, assumes and takes title to the Property subject to the land uses permitted on the Property by the applicable and/or proposed L...
Registration and Other Costs. The Vendor and the Purchaser shall be responsible for the costs of the Vendor's Solicitors and the Purchaser's Solicitors, respectively, in respect of this transaction. The Vendor shall be responsible for and shall pay for all registration fees payable in connection with the registration of discharges of any Liens and other encumbrances which the Vendor is required to discharge hereunder. The Purchaser shall be responsible for all land transfer tax and costs of registration of any other documents.
Registration and Other Costs. (a) The Vendor and the Purchaser shall be responsible for the costs of the Vendor’s Solicitors and the Purchaser’s Solicitors, respectively, in respect of the Transaction. The Purchaser shall be responsible for and pay, in addition to the Purchase Price, any land transfer taxes payable on the transfer of the Subject Assets, all registration fees payable in respect of registration by it of any documents on Closing and all federal and provincial sales and other taxes, if any, payable by a purchaser upon or in connection with the conveyance or transfer of the Subject Assets, including provincial retail sales tax and goods and services tax.
(b) The Purchaser shall indemnify and save harmless the Vendor and its shareholders, directors, officers, employees and agents from all Claims incurred, suffered or sustained as a result of a failure by the Purchaser:
(i) to pay any federal, provincial or other taxes payable by the Purchaser in connection with the conveyance or transfer of the Subject Assets whether arising from a reassessment or otherwise, including provincial retail sales tax and goods and services tax, if applicable; or
(ii) to file any returns, certificates, filings, elections, notices or other documents required to be filed by the Purchaser with any federal, provincial or other taxing authorities in connection with the conveyance or transfer of the Subject Assets. This indemnity shall survive and shall not merge on Closing.
Registration and Other Costs. The Optionor and Optionee shall each be responsible for the costs of their respective solicitors. The Optionee shall be responsible for and pay all land transfer tax payable on the transfer of the Assets to the Optionee. The Optionee shall be responsible for and pay all registration fees payable in connection with the registration of the transfer. Any other Closing costs not mentioned specifically herein shall be paid in accordance with the local custom for commercial real estate transactions.
Registration and Other Costs. The Vendor shall be responsible for the land transfer tax and registration fees payable in connection with the registration of the transfer(s)/deed and restrictive covenants referred to in Section 6.1 and the Restrictive Covenant (CRH) and easements referred to in Section 6.2, and for registration fees payable in connection with the registration of discharges of any Encumbrances or other claims or interests that are not Permitted Encumbrances.
Registration and Other Costs. The Purchaser will pay all federal and provincial sales and other taxes payable by a purchaser upon or in connection with the conveyance or transfer of the Purchased Assets, including GST, and provincial sales tax. The Vendor will bear the costs of obtaining and registering discharges of any Encumbrances which are not Permitted Encumbrances and all costs set out in Section 8.2.
Registration and Other Costs. The Vendor and the Purchaser shall each be responsible for the cost of their respective solicitors. The Purchaser shall be responsible for registration fees payable in connection with the registration of the transfer referred to in Section 6.1(a). The Vendor shall be responsible for registration fees payable in connection with the registration of discharges of any Encumbrances or other claims or interests that are not Permitted Encumbrances.
Registration and Other Costs. The Optionee will pay any property transfer tax payable on the transfer of the Property, all registration fees in respect of registration by it of documents on Closing, including any Optionee’s mortgage, and all federal and provincial sales and other taxes payable by a purchaser upon or in connection with the conveyance or transfer of the Purchased Assets, including GST, and provincial sales tax. The Optionee shall also be responsible for Optionor’s solicitors legal fees and shall make such payment on the Closing Date in the same manner as the Purchase Price.
Registration and Other Costs. (a) The Vendor shall be responsible for the costs of the Vendor’s Solicitors in respect of the transactions contemplated in this Agreement.
(b) The Purchaser shall be responsible for the costs of the Purchaser’s Solicitors in respect of the transactions contemplated in this Agreement.
(c) The Purchaser shall be responsible for and pay any land transfer taxes payable upon the transfer of the Real Property, all registration fees payable in respect of registration by it of any documents on Closing and all federal and provincial sales and other taxes payable by the Purchaser upon or in connection with the conveyance or transfer of the Partnership Interest and the Assets.
(d) The Vendor shall be responsible for real estate commissions which are payable to the Agent in connection with the Closing.
