Imputed Closing Costs definition

Imputed Closing Costs means an amount (not to exceed one and one quarter percent (1.25%) of the purchase price) that would normally be incurred by the Company or a Subsidiary if the Property were sold for an amount specified in Section 15.1 or Section 15.2 (as applicable), for title insurance premiums, survey costs, brokerage commissions, legal fees, and other commercially reasonable closing costs.

Imputed Closing Costs means an amount (not to exceed one and one quarters percent (1.25%) of the purchase price) that would normally be incurred by a Subsidiary if the Property were sold for an amount specified in Section 15.1 or Section 15.2 (as applicable), for title insurance premiums, survey costs, brokerage commissions, legal fees, and other commercially reasonable closing costs.

Imputed Closing Costs means, with respect to the determination of the Purchase Price pursuant to Exhibit F, an amount equal to six percent (6)% of the Fair Market Value of the Company Assets, representing the estimated closing costs that would normally be incurred by the Company or its Subsidiaries for title insurance premiums, survey costs, brokerage commissions, and other customary closing costs if the Company Assets were sold.

Examples of Imputed Closing Costs in a sentence

• For purposes of the foregoing calculations, the purchase price for a sale shall be reduced by Imputed Closing Costs therefor.

• In the event the actual closing costs incurred by Seller are less than the Imputed Closing Costs, as determined on the Closing Date, then for purposes of computing the purchase price payable to the selling Member, the Valuation Amount shall be decreased to the extent of such difference so as to achieve parity between the closing costs that would otherwise be payable pursuant to such transaction.

• The purchase price for the transferring Member’s Membership Interest shall be the greater of (i) the amount which the transferring Member would receive if the Project were sold at the Designated Price, (ii) the fair market value if determined pursuant to subsection (d), or (iii) the Floor Purchase Price and the Company had immediately paid all Company liabilities and Imputed Closing Costs, and liquidated in accordance with Section 10.3 of this Agreement.

• The determination of the Call Purchase Price shall include, without limitation, all adjustments and expenses of sale that would be have actually been incurred in connection with such deemed sale transaction, which the Members hereby agree shall be equal to the Imputed Closing Costs; provided, however, that the Call Purchase Price shall not include real estate closing prorations, which shall be separately adjusted between the Pocatello and Holdings pursuant to Section 12.3 hereof.

• The determination of the Put Purchase Price shall include, without limitation, all adjustments and expenses of sale that would be have actually been incurred in connection with such deemed sale transaction, which the Members hereby agree shall be equal to the Imputed Closing Costs; provided, however, that the Put Purchase Price shall not include real estate closing prorations, which shall be separately adjusted between the Duke and Holdings pursuant to Section 13.3 hereof.

More Definitions of Imputed Closing Costs

Imputed Closing Costs means, when used in connection with the Buy- Sell Option, an amount, not to exceed three percent (3%) of the sales price, that would normally be incurred by the Company or its Subsidiaries if the Projects then owned by the Company or its Subsidiaries were sold for the amount specified in Article 12, for title insurance premiums, survey costs, brokerage commissions and other commercially reasonable closing costs.

Imputed Closing Costs means an amount that would normally be incurred by the Partnership if the Project were sold for an amount specified in Articles 12 or 13 (as applicable), for title insurance premiums, survey costs, brokerage commissions (such commissions not to exceed 1.5% of the purchase price) and other commercially reasonable closing costs.

Imputed Closing Costs means, with respect to the determination of Offeror Value and Offeree Value pursuant to Section 10.2, an amount equal to 2% of the Gross Value Amount, which represents the estimated closing costs that would normally be incurred in connection with the purchase and sale of Company Interests.

Imputed Closing Costs has the meaning ascribed to it in § 10.5 of the foregoing Agreement.

Imputed Closing Costs means, with respect to the determination of the Put Price pursuant to Section 10.1, an amount equal to 2% of the Proposed Sales Price, which represents the estimated closing costs that would normally be incurred by the Company or its Subsidiaries for title insurance premiums, survey costs, brokerage commissions, and other customary closing costs if the Property were sold, and with respect to the determination of Offeror Value and Offeree Value pursuant to Section 10.2, an amount equal to 2% of the Gross Value Amount, which represents the estimated closing costs that would normally be incurred in connection with the purchase and sale of Company Interests.