Common use of Transaction Taxes and Closing Costs Clause in Contracts

Transaction Taxes and Closing Costs. (a) Seller and Purchaser shall execute such returns, questionnaires and other documents as shall be required with regard to all applicable real property transaction taxes imposed by applicable federal, state or local law or ordinance. (b) Seller shall pay the fees of any counsel representing Seller in connection with this transaction. Seller shall also pay the following costs and expenses: * one-half of the escrow fee, if any, which may be charged by Escrow Agent. * one-half of any transfer tax, sales tax, documentary stamp tax or similar tax which becomes payable by reason of the transfer of the Property. * the fees for Broker. (c) Purchaser shall pay the fees of any counsel representing Purchaser in connection with this transaction. Purchaser shall also pay the following costs and expenses: * one-half of the escrow fee, if any, which may be charged by Escrow Agent or Title Company. * the fee for the title examination and the title report or commitment and the premium for the Title Policy, and all endorsements thereto. * the cost of the Survey. * the fees for recording the Deed. * one-half of any transfer tax, sales tax, documentary stamp tax or similar tax which becomes payable by reason of the transfer of the Property. (d) The Personal Property is included in this sale without charge, except that Purchaser shall pay to Seller the amount of any and all sales or similar taxes payable in connection with the transfer of the Personal Property and Purchaser shall execute and deliver any tax returns required of it in connection therewith. (e) All costs and expenses incident to this transaction and the closing thereof, and not specifically described above, shall be paid by the party incurring same. (f) The provisions of this Section 4.5 shall survive the Closing.

Appears in 1 contract

Samples: Sale Agreement (Brandywine Realty Trust)

AutoNDA by SimpleDocs

Transaction Taxes and Closing Costs. (a) Seller and Purchaser shall execute such returns, questionnaires and other documents as shall be required with regard to all applicable real property transaction taxes imposed by applicable federal, state or local law or ordinance. (b) Seller shall pay the fees of any counsel representing Seller in connection with this transaction. Seller shall also pay the following costs and expenses: * one-half of the escrow fee, if any, which may be charged by Escrow Agent. * one-half of any transfer tax, sales tax, documentary stamp tax or similar tax which becomes payable by reason of the transfer of the Property. * the fees for Broker. (c) Purchaser shall pay the fees of any counsel representing Purchaser in connection with this transaction. Purchaser shall also pay the following costs and expenses: * one-half of the escrow fee, if any, which may be charged by Escrow Agent or Title Company. * the fee for the title examination and the title report or commitment and the premium for the Title Policy, and all endorsements thereto. * the cost of the Survey. * the fees for recording the Deed. * one-half of any transfer tax, sales tax, documentary stamp tax or similar tax which becomes payable by reason of the transfer of the Property. (d) The Personal Property is included in this sale without charge, except that Purchaser shall pay to Seller the amount of any and all sales or similar taxes payable in connection with the transfer of the Personal Property and Purchaser shall execute and deliver any tax returns required of it in connection therewith. (e) All costs and expenses incident to this transaction and the closing thereof, and not specifically described above, shall be paid by the party incurring same. (f) The provisions of this Section 4.5 shall survive the Closing.

Appears in 1 contract

Samples: Sale Agreement (Cali Realty Corp /New/)

AutoNDA by SimpleDocs

Transaction Taxes and Closing Costs. (a) Seller and Purchaser shall execute such returns, questionnaires and other documents as shall be required with regard to all applicable real property transaction taxes imposed by applicable federal, state or local law or ordinance.; (b) Seller shall pay the fees of any counsel representing Seller in connection with this transaction. Seller shall also pay the following costs and expenses: * one-half of the escrow fee, if any, which may be charged by Escrow Agent. * one-half of : (i) any transfer tax, sales tax, documentary stamp tax or similar tax which becomes payable by reason of the transfer of the Property. * ; and (ii) the fees for Brokerthe Broker (as hereinafter defined in Section 8.1 hereof). (c) Purchaser shall pay the fees of any counsel representing Purchaser in connection with this transaction. Purchaser shall also pay the following costs and expenses: * one-half of the escrow fee, if any, which may be charged by Escrow Agent or Title Company. * : (i) the fee for the title examination and the any title report or commitment commitments obtained by Purchaser and the premium for the Title PolicyPolicy to be issued to Purchaser by the Title Company at Closing, and all endorsements thereto. * ; (ii) the cost of the Survey. * any surveys obtained by Purchaser; and (iii) the fees for recording the Deed. * one-half of any transfer tax, sales tax, documentary stamp tax or similar tax which becomes payable by reason of the transfer of the Property. (d) The Personal Property is included in this sale without charge, except that Purchaser shall pay to Seller the amount of any and all sales or similar taxes payable in connection with the transfer of the Personal Property and Purchaser shall execute and deliver any tax returns required of it in connection therewith.; (e) All costs and expenses incident to this transaction and the closing thereof, and not specifically described above, shall be paid by the party incurring same.; and (f) The provisions of this Section 4.5 shall survive the Closing.

Appears in 1 contract

Samples: Sale Agreement (Corporate Realty Income Fund I L P)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!