Settlement Costs Clause Samples
The Settlement Costs clause defines which party is responsible for paying the various expenses associated with finalizing a transaction, such as legal fees, taxes, and administrative charges. Typically, it outlines whether the buyer, seller, or both will cover specific costs, and may list examples like title insurance, escrow fees, or recording charges. By clearly allocating these financial responsibilities, the clause helps prevent disputes and ensures both parties understand their obligations at closing.
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Settlement Costs. (a) Stayton shall pay (i) ▇▇▇▇▇▇▇'▇ own attorneys' fees and costs related to this transaction contemplated by this Agreement; (ii) all capital gains or other income taxes imposed upon Stayton in respect of the transactions contemplated by this Agreement; (iii) any state and local transfer taxes, documentary fees, sales, use and excise taxes, if any, imposed upon or relating to the conveyance of title to the Properties and/or the other transactions contemplated by this Agreement; (iv) all costs and expenses (including the cost of any title endorsements or affirmative insurance) in connection with the removal of record (or other manner satisfactory to the Title Company to insure over) of the Required Removal Exceptions and (v) any assumption fees, modification fees, extension fees or similar fees in connection with the modification and assumption of the Assumed Real Property Loans due and payable on or prior to the Closing Date, to the extent not capitalized in the Assumed Real Property Loans.
(b) Other than in connection with the Expense Reimbursement pursuant to Section 10.2(a), Purchaser shall pay (i) its own attorneys' fees and costs related to this transaction contemplated by this Agreement; (ii) all of its own costs for any inspections and tests performed at the Properties; (iii) the cost of the premiums for owner's (or lessee's, if applicable) title insurance policies for each of the Properties; and (iv) all fees, costs and expenses incurred in connection with the assumption by Purchaser of the Assumed Real Property Loans, including the Lender's attorneys' fees and costs, premiums for endorsements to Lender's title policies, costs and fees related to all updates to any third party inspections or reports required by any Lender (but excluding any assumption fees, modification fees, extension fees or similar fees).
(c) Stayton shall use reasonable efforts to obtain appropriate exemptions from the Court in order for such transactions to be, to the greatest extent permissible under applicable law, subject to the provisions of 11 U.S.C. § 1146(a), and, accordingly, free of any state and local transfer taxes, documentary stamp tax, sales use and excise taxes. Any litigation over a dispute about the applicability of Section 1146(a) of the Bankruptcy Code shall be conducted in the Court upon the instigation or response of Stayton and/or Purchaser, and if commenced elsewhere, Stayton shall timely remove it to the Court. If, for any reason, Purchaser and its att...
Settlement Costs. Cost of examination of title, title insurance, Purchaser's settlement fees, Purchaser's attorneys' fees, and document preparation charges for the Deed, if any, shall be at the sole expense of Purchaser. Seller shall be responsible for its own settlement costs.
Settlement Costs. Old Home Reimbursable settlement expenses include real estate commission, attorney fees for settlement and preparation of deed, transfer taxes, termite inspection and lender’s inspection fee. Settlement Costs – New Home Reimbursement settlement expenses include loan origination fee, attorney fees, loan application fee, title insurance and other title charges, recording fees, transfer taxes, notary fees and document preparation fees. Overlapping Expenses If the employee’s house is unsold and vacant after relocation, the employee will be reimbursed for monthly carrying charges, taxes, insurance, utilities and general maintenance for a period of up to six months. Such reimbursement is not to exceed $2,500.00 per month. 2. The following applies for Employees in an International Relocation: White Goods The Company will reimburse the expenses for household and white goods, etc. Travel The Company will cover four (4) family travel trips back to the UK each year.
Settlement Costs. All recording taxes, costs, fees, settlement charges, title insurance and attorney’s fees shall be paid at closing by HabitatNOVA.
Settlement Costs. Each party shall be responsible for its attorneys’ fees and other costs incurred by it in connection with this Agreement and the transactions contemplated hereby. ▇▇▇▇▇ shall pay the transfer tax assessed by Dallas County, Iowa, the cost of updating the abstract, and the recording fee of the deed.
Settlement Costs. Settlement Costs are the costs incidental to acquiring ownership, including, e.g./ the cost and fees for credit report, field survey, title examination, title insurance, inspections, attorneys other than the IHA=s attorney, closing, recording, transfer taxes, financing fees and mortgage loan discounts. Settlement Costs shall be paid by the home buyer, who may use any reserves or accounts available for this purpose in accordance with Section
Settlement Costs. Real estate taxes, rent, and other apportionable items (if any) will be prorated at settlement. Seller shall pay the grantor’s tax and the cost of preparing the deed; all other record- ing costs, taxes, fees, and closing expenses shall be paid by Purchaser. Each party hereto shall be responsible for paying its own legal fees incurred under this Contract, whether or not closing oc- curs.
Settlement Costs. See Closing Costs Attachment attached hereto as Exhibit "C".
Settlement Costs. (i) IMI will pay [ * ] as reimbursement for certain of Coulter's costs and expenses incurred in the sale and marketing the ▇▇▇▇▇▇▇ ▇ystem and in exchange for the return of 26 of Coulter's used inventory of MICRO21 systems and parts, all of which ▇▇▇▇▇ ▇▇ in good condition, reasonable wear and tear excepted, and shipped at Coulter's expense FOB to IMI's warehouse facility in Palm Beach Gard▇▇▇, ▇▇▇▇ida. In addition, IMI will pay Coulter [ * ] for assignment of four (4) certain customer contracts ▇▇ ▇▇▇. Coulter will deliver substantially all of its inventory of Micro21 s▇▇▇▇▇▇ and parts or transfer title of any of such systems placed with customers for evaluation (and assign any evaluation contracts or purchase orders), within 30 days of this Agreement, and the balance of such systems will be delivered promptly thereafter. In addition, spare parts and equipment previously purchased by Coulter from IMI will be returned to IMI and Coulter will be reimbur▇▇▇ ▇▇▇ such parts and equipment at original ▇▇▇▇▇ ▇aid for by Coulter. Payments by IMI of amounts due Coulter hereunder shall be d▇▇ ▇▇ ▇ollows: thirty days from the date ▇▇ ▇▇▇s Agreement - 50%; and sixty days from the date of this Agreement - 50%.
(ii) Coulter will promptly purchase from IMI [ * ] current model MICRO21 ▇▇▇▇▇▇▇ to replace such systems in Japan at a purchase price of [ * ] and Coulter will arrange for pick up from IMI and payment of all shippin▇ ▇▇▇▇▇ (i.e. FOB at IMI).
(iii) IMI's obligation to pay Coulter for the four (4) systems sold by Coulter to four customers i▇ ▇▇▇ ▇.S. is subject to the approval by ▇▇▇▇ ▇▇stomer to the assignment from Coulter to IMI of all applicable customer contracts, leases, and fin▇▇▇▇ ▇▇reements. The customer must approve assignment to IMI of the customers' remaining obligations to Coulter, with a novation in favor of Coulter, and assumption by IMI ▇▇ ▇▇▇▇ter's remaining obligations to --------------- * Denotes conf▇▇▇▇▇▇▇▇ material omitted and filed separately with Securities and Exchange Commission. the customers. For each customer contract transferred pursuant to this section, Coulter will be entitled to pro-rata proceeds through March 31, 1997 ▇▇▇ ▇▇I will be entitled to pro-rata proceeds after March 31, 1997, as set forth on Schedule II attached hereto. In the event any of such customers will not approve of such assignment, then Coulter will retain the relationship with the customers and IMI will ▇▇▇ ▇▇rchase such customer contracts from Coulter.
(iv) With r...
Settlement Costs. ▇▇▇▇▇ agrees to pay all settlement costs and charges including, but not limited to, all Lender’s fees in connection herewith, including title examination and title insurance fees, loan insurance premiums, all document preparation and recording fees, notary fees, survey fees where required, and all recording charges, except those incident to clearing existing encumbrances or title defects. If Buyer is a Veteran obtaining VA financing, ▇▇▇▇▇’s Broker may not charge a flat fee to Buyer nor to Seller per VA Reg. Part 38 CFR 36.4313(b). Seller is advised that should Seller not be able to attend Settlement as scheduled, Seller may be subject to additional charges from the settlement company to cover the reasonable additional costs of accommodating Seller’s request. In such event, ▇▇▇▇▇▇ is advised to contact the title company to determine what charges may apply.