Examples of Closing Expenses in a sentence
Prior to the Closing Date, Escrow Agent shall deliver to each of the Parties for its review and approval a preliminary closing statement (the “Preliminary Closing Statement”) setting forth: (a) the Real Property Taxes payable by LVSC pursuant to Section 4.1 hereof, and (b) the Closing Expenses payable by LVSC pursuant to Section 4.2 hereof.
At Closing, Buyer shall pay or cause to be paid on behalf of the Sellers and the Acquired Companies all of the Sellers’ Closing Expenses set forth on Schedule 1.2 by wire transfer of immediately available funds to such account(s) designated in writing by the Sellers’ Representative.
The parties hereto agree that, to the extent allowed by applicable Law, any deductions against Tax liability arising from Sellers’ Closing Expenses taken into account in the Cash Purchase Price, shall be allocated to and reported on Tax Returns for Pre-Closing Tax Periods, or for a Straddle Tax Period the portion of the taxable period that ends on the Closing Date.
The Merger Consideration payable as of the Closing will be reduced by an amount equal to the Closing Expenses as set forth in the Estimated Closing Balance Sheet Certificate (the “Estimated Closing Expenses”) (and such amount of Estimated Closing Expenses will be diverted from the Merger Consideration to the payment at Closing of such Closing Expenses pursuant to Section 2.1(b)(v)).
However, in the event that this transaction fails to close, as evidenced by the signing of final documents, funding of the QLICI, and the closing draw by the Termination Date, then the PNCNMIP Deposit shall be applied to PNCNMIP's Closing Expenses.