Seller’s Costs. In connection with the sale of the Property contemplated under this Contract, Seller shall be responsible for all transfer and recordation taxes, including, without limitation, all transfer, mansion, excise, sales, use or bulk transfer taxes or like taxes on or in connection with the transfer of the Real Property and the Personal Property constituting part of the Property pursuant to the Xxxx of Sale, and all accrued taxes of Seller prior to Closing and income, sales and use taxes and other such taxes of Seller attributable to the sale of the Property to Buyer. Seller shall be responsible for all costs related to the termination of the Existing Management Agreement as provided in Article V. Seller shall also be responsible for any costs and expenses of its attorneys, accountants, appraisers and other professionals, consultants and representatives. Seller shall also be responsible for payment of all prepayment penalties and other amounts payable in connection with the pay-off of any liens and/or indebtedness encumbering all or any portion of the Property.
Seller’s Costs. At Closing, Seller shall pay the fees for preparation of the Deed and issuance of the Title Policy (as hereinafter defined), and all costs relating to tax certificates and overnight courier fees and messenger charges on behalf of the Seller.
Seller’s Costs. In connection with the sale of the Property contemplated under this Contract, Seller shall be responsible for all transfer and recordation taxes, including, without limitation, all transfer, sales, use and bulk transfer taxes or like taxes on or in connection with the transfer of the Real Property and the Personal Property constituting part of the Property pursuant to the Xxxx of Sale, in each case except as otherwise provided in Section 12, and all accrued taxes of Seller prior to Closing and income, sales and use taxes and other such taxes of Seller attributable to the sale of the Property to Buyer. Seller shall be responsible for all costs related to the termination of any Existing Management Agreement and the Existing Franchise Agreement as provided in Article V. Seller shall also be responsible for any fees for the performance of the property improvement plan review and report by the Franchisor, as well as costs and expenses of its attorneys, accountants, appraisers and other professionals, consultants and representatives. Seller shall also be responsible for payment of all prepayment penalties and other amounts payable in connection with the pay-off of any liens and/or indebtedness encumbering the Property. Seller shall also be responsible for all Pre-Opening Costs to the extent provided in Section 8.7. Seller shall pay the sales/use taxes attributed to the transfer of the personal property.
Seller’s Costs. In connection with the sale of the Property contemplated under this Contract, Seller shall be responsible for all transfer and recordation taxes, including, without limitation, all transfer, sales, use or bulk transfer taxes or like taxes on or in connection with the transfer of the Personal Property constituting part of the Property pursuant to the Xxxx of Sale, in each case except as otherwise provided in Section 12 and all accrued taxes of Seller prior to Closing and income, sales and use taxes and other such taxes of Seller attributable to the sale of the Property to Buyer. Seller shall be responsible for its share of costs related to the assignment and amendment of the Franchise Agreement or the termination of the Franchise Agreement and the execution of a new franchise agreement as provided in Article V. Seller shall also be responsible for the costs and expenses of its attorneys, accountants, appraisers and other professionals, consultants and representatives. Seller shall also be responsible for payment of all prepayment penalties and other amounts payable in connection with the pay-off of any liens and/or indebtedness encumbering the Property. Seller shall also be responsible for all Pre-Opening Costs to the extent provided in Section 8.7.
Seller’s Costs. At or before Closing, Seller shall pay the following:
7.8.1. All fees owed by Seller to Xxxxxx X. Xxxxx & Co. Incorporated, as described in Section 22 of this Agreement;
7.8.2. Costs and fees of Seller’s counsel;
7.8.3. All costs (if any) associated with the termination of the Master Lease;
7.8.4. The Title Company’s premium for a standard coverage owner’s Title Policy, with the costs of any endorsements or extended coverage being borne by Buyer pursuant to Section 7.7.3 above;
7.8.5. One half (1/2) of the Title Company’s fees, costs and expenses; and
7.8.6. All other costs not itemized above which are customarily borne by sellers of real property in the county in which the Property is situated.
Seller’s Costs. Seller shall pay the following costs and expenses in connection with the transactions contemplated by this Agreement:
i. All fees for abstracting;
ii. All fees due and payable to Xxxxxxx Group;
iii. Any transfer tax due and payable pursuant to Iowa Code Chapter 428A; and
iv. Any and all costs incurred by Seller in connection with the preparation, review, and negotiation of this Agreement and the transactions and the Closing contemplated by this Agreement, including any attorneys’ or consultancy fees.
Seller’s Costs. Seller shall pay the following:
6.6.1 One-half (½) of Escrow Holder’s fee, costs and expenses;
6.6.2 All realty transfer, recordation and documentary fees and taxes imposed on the Deed, the conveyance of the Property or the transaction contemplated by this Agreement (including any sales or other tax related to the transfer of the Personal Property);
6.6.3 The CLTA portion of the premium costs and expenses of the Title Policy for the Property (including all costs related to title searches, examinations and issuance of the Commitment);
6.6.4 All costs incurred in connection with the prepayment, satisfaction or reconveyance of any loan encumbering the Property or any portion thereof, including, without limitation, all prepayment, reconveyance and recording fees, penalties or charges, and any legal fees associated therewith, and any other document(s) required by the Title Company in order to release Title Defects or New Title Defects;
6.6.5 All costs associated with the cure of any Title Defect and/or New Title Defect identified in Section 3.2 above that either Seller has agreed to remove (collectively, “Curative Endorsements”);
6.6.6 All real estate commissions due in connection with this transaction pursuant to Section 22 below;
6.6.7 Seller’s attorneys’ fees; and
6.6.8 All other costs customarily borne by sellers of real property in the County where the Property is located. The provisions of this Section 6.6 shall survive the termination of this Agreement.
Seller’s Costs. Seller shall pay (i) all transfer taxes with respect to the Property; (ii) the cost of recording the deed for the Property and any title curative document, including any satisfaction or release of any mortgage, deed of trust or other lien and any financing statement termination; (iii) the fees and expenses of Seller’s counsel and consultants; (iv) the base premium for the owner’s policy of title insurance to be issued to Buyer at Closing; and (v) one-half (1/2) of any escrow fees or closing disbursement fees charged by the Title Company.
Seller’s Costs. Seller shall pay the following:
Seller’s Costs. In connection with the sale of the Property contemplated under this Contract, Seller shall be responsible for costs and expenses of its attorneys, accountants, appraisers and other professionals, consultants and representatives as well as all transfer and recordation taxes (except any related to the clerk’s fee or per page fee for recording of the deed), including, without limitation, all transfer, mansion, sales, use or bulk transfer taxes or like taxes on or in connection with the transfer of the Real Property and the Personal Property constituting part of the Property pursuant to the Xxxx of Sale, and all accrued taxes of Seller prior to Closing and income, sales and use taxes and other such taxes of Seller attributable to the sale of the Property to Buyer. Seller shall be responsible for all costs related to the termination of the Existing Management Agreement as provided in Article V. Seller shall also be responsible for payment of all prepayment penalties and other amounts payable in connection with the pay-off of any liens and/or indebtedness encumbering the Property including, without limitation, all mortgages (other than the Existing Loan), liens, vehicle loans/leases and all other loans.
