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.
Appears in 4 contracts
Samples: Purchase Contract (Apple REIT Nine, Inc.), Purchase Contract (Apple REIT Nine, Inc.), Purchase Contract (Apple REIT Nine, Inc.)
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)mortgages, liens, vehicle loans/leases and all other loans.
Appears in 3 contracts
Samples: Purchase Contract (Apple REIT Nine, Inc.), Purchase Contract (Apple REIT Nine, Inc.), Purchase Contract (Apple REIT Nine, Inc.)