Seller’s Closing Costs. Seller shall pay the following: (a) the fees and expenses of Seller's and the Company's attorneys, (b) the costs (including recording costs) of any cure of title defects required of Seller hereunder, (c) the commission due any broker retained by Seller, (d) half of all escrow agent fees (if any are charged in connection with this Transaction), (e) half of costs and expenses and premiums in connection with the preparation of the title reports and the issuance of the Title Policy (including a non-imputation and all other endorsements reasonably requested by Buyer), (f) half of all recording charges due on recordation of any Closing Documents, (g) half of the costs and expenses of the Surveyor to prepare the Survey, (h) half of the cost and expense of any local counsel mutually retained by Buyer and Seller in Puerto Rico, (i) half of the costs and expenses of all environmental and engineering reports regarding any Property furnished to Buyer and any follow-up studies required or suggested thereby or otherwise heretofore requested by Buyer, (j) half of the costs of any zoning reports or related zoning due diligence studies requested by Buyer in connection with its Due Diligence hereunder and (k) half of the Lease Recording Charges.
Appears in 1 contract
Samples: Stock Purchase Agreement (Hospitality Properties Trust)
Seller’s Closing Costs. Seller shall pay the following: (a) the fees and expenses of Seller's ’s and the Company's ’s attorneys, (b) the costs (including recording costs) of any cure of title defects required of Seller hereunder, (c) the commission due any broker retained by Seller, (d) half of all escrow agent fees (if any are charged in connection with this Transaction), (e) half of costs and expenses and premiums in connection with the preparation of the title reports and the issuance of the Title Policy (including a non-imputation and all other endorsements reasonably requested by Buyer), (f) half of all recording charges due on recordation of any Closing Documents, (g) half of the costs and expenses of the Surveyor to prepare the Survey, (h) half of the cost and expense of any local counsel mutually retained by Buyer and Seller in Puerto Rico, (i) half of the costs and expenses of all environmental and engineering reports regarding any Property furnished to Buyer and any follow-up studies required or suggested thereby or otherwise heretofore requested by Buyer, (j) half of the costs of any zoning reports or related zoning due diligence studies requested by Buyer in connection with its Due Diligence hereunder and (k) half of the Lease Recording Charges.
Appears in 1 contract
Samples: Stock Purchase Agreement (Intercontinental Hotels Group PLC /New/)
Seller’s Closing Costs. Seller shall pay the following: (a) the fees and expenses of Seller's and the Company's attorneys, (b) the costs (including recording costs) of any cure of title defects required of Seller hereunder, (c) the commission due any broker Broker retained by Seller, (d) half of all escrow agent fees (if any are charged in connection with this Transaction), (e) half of costs and expenses and premiums in connection with the preparation of the title reports Title Reports and the issuance of the Title Policy Policies (including a non-imputation and all other endorsements reasonably requested by Buyer), (f) half of all recording charges due on recordation of any Closing Documents, (g) half of the costs and expenses of the Surveyor to prepare the Survey, (h) half of all of the costs of transfer, documentary, excise, recording, sales or other taxes or assessments imposed by virtue of the Transaction, provided Buyer shall provide reasonable cooperation to Seller in reducing the total amounts described herein, (i) half of the cost and expense of any local counsel mutually retained by Buyer and Seller in Puerto Ricoany jurisdiction where a Property is located and counsel located in Texas previously retained by Buyer prior to the date hereof with respect to zoning matters, (ij) one half of the costs and expenses of all environmental and engineering reports regarding any Property furnished to Buyer and any recommended and/or follow-up studies required or suggested thereby or otherwise heretofore requested by Buyerthereby, and (jk) one half of the costs of any zoning reports or related zoning due diligence studies requested by Buyer in connection with its Due Diligence hereunder and (k) half of the Lease Recording Chargeshereunder.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Hospitality Properties Trust)
Seller’s Closing Costs. Seller shall pay the following: (a) the fees and expenses of Seller's and the Company's attorneys, (b) the costs (including recording costs) of any cure of title defects required of Seller hereunder, (c) the commission due any broker retained by Seller, (d) half of all escrow agent fees (if any are charged in connection with this Transaction), (e) half of costs and expenses and premiums in connection with the preparation of the title reports and the issuance of the Title Policy (including a non-imputation and all other endorsements reasonably requested by Buyer), (f) half of all recording charges due on recordation of any Closing Documents, (g) half of the costs and expenses of the Surveyor to prepare the Survey, (h) half of the cost and expense of any local counsel mutually retained by Buyer and Seller in Puerto Rico, (i) half of the costs and expenses of all environmental and engineering reports regarding any Property furnished to Buyer and any recommended and/or follow-up studies required or suggested thereby or otherwise heretofore requested by Buyerthereby, (j) half of the costs of any zoning reports or related zoning due diligence studies requested by Buyer in connection with its Due Diligence hereunder and (k) half of the Lease Recording Charges.
Appears in 1 contract
Samples: Stock Purchase Agreement (Hospitality Properties Trust)