Common use of Seller Expenses Clause in Contracts

Seller Expenses. Seller shall pay all existing loans and/or liens affecting the Property, including all penalties, 119 release preparation costs, and applicable recording costs; any accrued and/or outstanding association dues or fees; 120 fee (if any) to obtain lien payoff/estoppel letters/statement of accounts from any and all associations, property 121 management companies, mortgage holders or other liens affecting the Property; Seller’s closing fee, document 122 preparation fee and/or attorney’s fees; fee for preparation of deed; notary fee on deed; and financial institution 123 (Bank, Credit Union, etc.) wire transfer fee or commercial courier service fee related to the disbursement of any 000 xxxx xxxxxx(x). Seller additionally agrees to permit any withholdings and/or to pay any additional sum due as is 125 required under the Foreign Investment in Real Property Tax Act. Failure to do so will constitute a default by 126 Seller. 127 In the event Seller is subject to Tax Withholding as required by the Foreign Investment in Real Property 128 Tax Act, (hereinafter “FIRPTA”), Seller additionally agrees that such Tax Withholding must be collected 129 from Seller by Buyer’s Closing Agent at the time of Closing. In the event Seller is not subject to FIRPTA, 130 Seller shall be required as a condition of Closing to sign appropriate affidavits certifying that Seller is not subject 131 to FIRPTA. It is Seller’s responsibility to seek independent tax advice or counsel prior to the Closing Date 132 regarding such tax matters.

Seller Expenses. Seller shall pay all existing loans and/or liens affecting the Property, including all penalties, 119 118 release preparation costs, and applicable recording costs; any accrued and/or outstanding association dues or fees; 120 119 fee (if any) to obtain lien payoff/estoppel letters/statement of accounts from any and all associations, property 121 120 management companies, mortgage holders or other liens affecting the Property; Seller’s closing fee, document 122 121 preparation fee and/or attorney’s fees; fee for preparation of deed; notary fee on deed; and financial institution 123 122 (Bank, Credit Union, etc.) wire transfer fee or commercial courier service fee related to the disbursement of any 000 xxxx xxxxxx(x). Seller additionally agrees to permit any withholdings and/or to pay any additional sum due as is 125 124 required under the Foreign Investment in Real Property Tax Act. Failure to do so will constitute a default by 126 125 Seller. 127 126 In the event Seller is subject to Tax Withholding as required by the Foreign Investment in Real Property 128 127 Tax Act, (hereinafter “FIRPTA”), Seller additionally agrees that such Tax Withholding must be collected 129 128 from Seller by Buyer’s Closing Agent at the time of Closing. In the event Seller is not subject to FIRPTA, 130 129 Seller shall be required as a condition of Closing to sign appropriate affidavits certifying that Seller is not subject 131 130 to FIRPTA. It is Seller’s responsibility to seek independent tax advice or counsel prior to the Closing Date 132 131 regarding such tax matters.

Seller Expenses. Seller shall pay all existing loans and/or liens affecting the Property, including all penalties, 119 118 release preparation costs, and applicable recording costs; any accrued and/or outstanding association dues or fees; 120 119 fee (if any) to obtain lien payoff/estoppel letters/statement of accounts from any and all associations, property 121 120 management companies, mortgage holders or other liens affecting the Property; Seller’s closing fee, document 122 121 preparation fee and/or attorney’s fees; fee for preparation of deed; notary fee on deed; and financial institution 123 122 (Bank, Credit Union, etc.) wire transfer fee or commercial courier service fee related to the disbursement of any 000 xxxx xxxxxx(x123 lien payoff(s). Seller additionally agrees to permit any withholdings and/or to pay any additional sum due as is 125 124 required under the Foreign Investment in Real Property Tax Act. Failure to do so will constitute a default by 126 125 Seller. 127 126 In the event Seller is subject to Tax Withholding as required by the Foreign Investment in Real Property 128 127 Tax Act, (hereinafter “FIRPTA”), Seller Xxxxxx additionally agrees that such Tax Withholding must be collected 129 DRAFT SPECIMEN 128 from Seller by BuyerXxxxx’s Closing Agent at the time of Closing. In the event Seller is not subject to FIRPTA, 130 129 Seller shall be required as a condition of Closing to sign appropriate affidavits certifying that Seller is not subject 131 130 to FIRPTA. It is SellerXxxxxx’s responsibility to seek independent tax advice or counsel prior to the Closing Date 132 131 regarding such tax matters.

Seller Expenses. Seller shall pay all existing loans and/or liens affecting the Property, including all penalties, 119 118 release preparation costs, and applicable recording costs; any accrued and/or outstanding association dues or fees; 120 119 fee (if any) to obtain lien payoff/estoppel letters/statement of accounts from any and all associations, property 121 120 management companies, mortgage holders or other liens affecting the Property; Seller’s closing fee, document 122 121 preparation fee and/or attorney’s fees; fee for preparation of deed; notary fee on deed; and financial institution 123 122 (Bank, Credit Union, etc.) wire transfer fee or commercial courier service fee related to the disbursement of any 000 xxxx xxxxxx(x). Seller additionally agrees to permit any withholdings and/or to pay any additional sum due as is 125 124 required under the Foreign Investment in Real Property Tax Act. Failure to do so will constitute a default by 126 125 Seller. 127 126 In the event Seller is subject to Tax Withholding as required by the Foreign Investment in Real Property 128 127 Tax Act, (hereinafter “FIRPTA”), Seller additionally agrees that such Tax Withholding must be collected 129 DRAFT SPECIMEN 128 from Seller by Buyer’s Closing Agent at the time of Closing. In the event Seller is not subject to FIRPTA, 130 129 Seller shall be required as a condition of Closing to sign appropriate affidavits certifying that Seller is not subject 131 130 to FIRPTA. It is Seller’s responsibility to seek independent tax advice or counsel prior to the Closing Date 132 131 regarding such tax matters.

Seller Expenses. Seller shall pay all existing loans and/or liens affecting the Property, including all penalties, 119 release preparation costs, and applicable recording costs; any accrued and/or outstanding association dues or fees; 120 fee (if any) to obtain lien payoff/estoppel letters/statement of accounts from any and all associations, property 121 management companies, mortgage holders or other liens affecting the Property; Seller’s closing fee, document 122 preparation fee and/or attorney’s fees; fee for preparation of deed; notary fee on deed; and financial institution 123 (Bank, Credit Union, etc.) wire transfer fee or commercial courier service fee related to the disbursement of any 000 xxxx xxxxxx(x124 lien payoff(s). Seller additionally agrees to permit any withholdings and/or to pay any additional sum due as is 125 required under the Foreign Investment in Real Property Tax Act. Failure to do so will shall constitute a default 126 by 126 Seller. 127 In the event Seller is subject to Tax Withholding as required by the Foreign Investment in Real Property 128 Tax Act, (hereinafter “FIRPTA”), Seller Xxxxxx additionally agrees that such Tax Withholding must be collected 129 from Seller by BuyerXxxxx’s Closing Agent at the time of Closing. In the event Seller is not subject to FIRPTA, 130 Seller shall be required as a condition of Closing to sign appropriate affidavits certifying that Seller is not subject 131 to FIRPTA. It is SellerXxxxxx’s responsibility to seek independent tax advice or counsel prior to the Closing Date 132 regarding such tax matters.

Seller Expenses. Seller shall pay all existing loans and/or liens affecting the Property, including all penalties, 119 release preparation costs, and applicable recording costs; any accrued and/or outstanding association dues or fees; 120 fee (if any) to obtain lien payoff/estoppel letters/statement of accounts from any and all associations, property 121 management companies, mortgage holders or other liens affecting the Property; Seller’s closing fee, document 122 preparation fee and/or attorney’s fees; fee for preparation of deed; notary fee on deed; and financial institution 123 (Bank, Credit Union, etc.) wire transfer fee or commercial courier service fee related to the disbursement of any 000 xxxx xxxxxx(x). Seller additionally agrees to permit any withholdings and/or to pay any additional sum due as is 125 required under the Foreign Investment in Real Property Tax Act. Failure to do so will constitute a default by 126 Seller. 127 In the event Seller is subject to Tax Withholding as required by the Foreign Investment in Real Property 128 Tax Act, (hereinafter “FIRPTA”), Seller Xxxxxx additionally agrees that such Tax Withholding must be collected 129 from Seller by BuyerXxxxx’s Closing Agent at the time of Closing. In the event Seller is not subject to FIRPTA, 130 Seller shall be required as a condition of Closing to sign appropriate affidavits certifying that Seller is not subject 131 to FIRPTA. It is SellerXxxxxx’s responsibility to seek independent tax advice or counsel prior to the Closing Date 132 regarding such tax matters.

Seller Expenses. Seller shall pay all existing loans and/or liens affecting the Property, including all penalties, 119 118 release preparation costs, and applicable recording costs; any accrued and/or outstanding association dues or fees; 120 119 fee (if any) to obtain lien payoff/estoppel letters/statement of accounts from any and all associations, property 121 120 management companies, mortgage holders or other liens affecting the Property; Seller’s closing fee, document 122 121 preparation fee and/or attorney’s fees; fee for preparation of deed; notary fee on deed; and financial institution 123 122 (Bank, Credit Union, etc.) wire transfer fee or commercial courier service fee related to the disbursement of any 000 xxxx xxxxxx(x123 lien payoff(s). Seller additionally agrees to permit any withholdings and/or to pay any additional sum due as is 125 124 required under the Foreign Investment in Real Property Tax Act. Failure to do so will shall constitute a default by 126 125 Seller. 127 126 In the event Seller is subject to Tax Withholding as required by the Foreign Investment in Real Property 128 127 Tax Act, (hereinafter “FIRPTA”), Seller Xxxxxx additionally agrees that such Tax Withholding must be collected 129 128 from Seller by BuyerXxxxx’s Closing Agent at the time of Closing. In the event Seller is not subject to FIRPTA, 130 129 Seller shall be required as a condition of Closing to sign appropriate affidavits certifying that Seller is not subject 131 130 to FIRPTA. It is SellerXxxxxx’s responsibility to seek independent tax advice or counsel prior to the Closing Date 132 131 regarding such tax matters.

Seller Expenses. Seller shall pay all existing loans and/or liens affecting the Property, including all penalties, 119 118 release preparation costs, and applicable recording costs; any accrued and/or outstanding association dues or fees; 120 119 fee (if any) to obtain lien payoff/estoppel letters/statement of accounts from any and all associations, property 121 120 management companies, mortgage holders or other liens affecting the Property; Seller’s closing fee, document 122 121 preparation fee and/or attorney’s fees; fee for preparation of deed; notary fee on deed; and financial institution 123 122 (Bank, Credit Union, etc.) wire transfer fee or commercial courier service fee related to the disbursement of any 000 xxxx xxxxxx(x123 lien payoff(s). Seller additionally agrees to permit any withholdings and/or to pay any additional sum due as is 125 124 required under the Foreign Investment in Real Property Tax Act. Failure to do so will constitute a default by 126 125 Seller. 127 126 In the event Seller is subject to Tax Withholding as required by the Foreign Investment in Real Property 128 127 Tax Act, (hereinafter “FIRPTA”), Seller Xxxxxx additionally agrees that such Tax Withholding must be collected 129 128 from Seller by BuyerXxxxx’s Closing Agent at the time of Closing. In the event Seller is not subject to FIRPTA, 130 129 Seller shall be required as a condition of Closing to sign appropriate affidavits certifying that Seller is not subject 131 130 to FIRPTA. It is SellerXxxxxx’s responsibility to seek independent tax advice or counsel prior to the Closing Date 132 131 regarding such tax matters.