Loan Assumption Costs definition

Loan Assumption Costs means, with respect to any Contributed Property, any and all fees, costs and expenses, including, without limitation, any loan assumption, transfer or consent fees, review fees, Lender’s attorneys’ fees and other costs, expenses and fees provided for in the Loan Documents in connection with the assumption of, or any consent from the lender to the transaction contemplated by this Agreement which are required under, the Loan Documents at the Closing.
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Loan Assumption Costs means (i) any assumption, consent or transfer fees owed pursuant to the applicable Assumed Loan Documents or otherwise charged by the Assumed Loan Lender Parties in connection with obtaining the Loan Assumption Consent by Buyer, (ii) all processing fees charged by the Assumed Loan Lender Parties in order for Buyer to submit application packages for each Loan Assumption, (iii) all applicable mortgage taxes, intangible taxes, documentary stamp taxes and recordation charges associated each Loan Assumption, and (iv) any reasonable third-party, out-of-pocket costs and expenses, including reasonable attorney fees, charged by the Assumed Loan Lender Parties in connection with the Loan Assumption, excluding, however, any fees, costs and expenses relating to matters under the Assumed Loans that are not related to the Loan Assumption request (which shall be the sole responsibility of the Sellers if they relate to matters prior the Effective Date or which occur prior to the Closing Date (other than in connection with a Failed Loan Defeasance) and shall be the sole responsibility of the Buyer if they relate to a Failed Loan Defeasance or matters which occur on or after to the Closing Date).
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Loan Assumption Costs means all costs and fees incurred or payable in order to accomplish and complete the Loan Assumption (including but not limited to the Loan Assumption Fee, all costs and fees of Lender, and reasonable attorneys’ fees incurred by Seller in connection with the Loan Assumption).
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Examples of Loan Assumption Costs in a sentence

  • Seller shall pay all Existing Loan Assumption Costs and the costs and expenses of title insurance including title commitment preparation, copies of documents of record, work and search charges and the premium for Purchaser’s standard base title policy (including all curative Title Policy endorsements) at Closing.

  • Seller shall not submit the application for assignment or assumption of the Loan nor take any other action that would cause Loan Assumption Costs to be incurred prior to the expiration of the Inspection Period, unless Buyer so requests in writing.

  • This is also reflected in the multiplicity of possible approaches that can be taken when designing public action strategies to manage the transition and enable green growth.

  • Buyer shall be responsible for payment of all Other Loan Assumption Costs in connection with the Loan Assumption process and the Assumption Agreement and any other costs incurred by Lender in connection with any other documents the Lender requires Seller and/or Buyer to execute and deliver as a condition to the Loan Assumption (collectively, the "Lender Assumption Documents"), as applicable.

  • Sellers shall not pay or reimburse any costs related to attorneys’ fees incurred by Buyer (or its affiliates) in connection with the Loan Assumptions, other than, subject to the Capped Loan Assumption Costs Ceiling, the Capped Loan Assumption Costs.

  • In no event shall the Remaining Loan Assumption Costs include the Loan Assumption Fee, which shall be paid by Buyer directly to Lender notwithstanding any election made by Seller pursuant to Section 4.3(a)(v) below.

  • Buyer and Seller shall each pay 50% of all Loan Assumption Costs.

  • The parties hereto agree to cooperate with and to take all reasonable action to facilitate the receipt of the Lender Approval, however, the Partnership shall be solely responsible to pay to the Lender any and all Loan Assumption Costs, required in connection with the Lender Approval (other than the Contributors’ legal fees to review the Lender Approval Documents).

  • Except for the payment of 50% of the Loan Assumption Costs, and 100% of the Excluded Seller Loan Expenses, the Sellers’ obligations to “make all commercially reasonable efforts” shall not require the Sellers to incur any cost, expense or liability, including, without limitation, the Sellers shall not be required to pursue litigation against the holder of any Assumed Loans.

  • The "Loan Assumption Costs" shall mean and refer to the aggregate of an assumption fee of one and one-half percent (1.5%) of the then outstanding principal amount of the Loan, and any and all costs and expenses actually incurred by the Lender in connection with Purchaser's assumption of the Loan to the extent Purchaser is required to pay such costs pursuant to the provisions of the Loan Assumption Documents (hereafter defined).


More Definitions of Loan Assumption Costs

Loan Assumption Costs is defined in Section 12.3.4 of this Agreement.
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Loan Assumption Costs means (i) any assumption or transfer fees owed pursuant to the applicable Assumed Loan Documents or otherwise charged by the Assumed Loan Lender Parties in connection with obtaining the Loan Assumption Consents by the Buyer, (ii) all processing fees charged by the Assumed Loan Lender Parties in order for the Buyer to submit application packages for each Loan Assumption, (iii) all applicable mortgage taxes, intangible taxes, documentary stamp taxes and recordation charges associated each Loan Assumption, and (iv) any third-party, out-of-pocket costs and expenses, including reasonable attorneys’ fees, charged by the Assumed Loan Lender Parties in connection with the Loan Assumption, excluding, however, in each case, any Excluded Seller Loan Expenses.
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Loan Assumption Costs has the meaning set forth in Section 7.9.3.
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Loan Assumption Costs means, collectively, all costs and fees payable to the First Mortgage Lenders and/or First Mortgage Loan Servicers in connection with obtaining the Loan Assumption Approvals and the Loan Assumption, including, without limitation, (i) all assumption processing fees and the loan assumption fees, (ii) all of the First Mortgage Lender’s and/or First Mortgage Loan Servicer’s legal fees, (iii) all lender title insurance premiums and escrow charges, and (iv) the Tennessee indebtedness tax (if applicable); provided, however, that Buyer and Seller shall each pay its own legal fees and internal costs associated with the Loan Assumption Approvals and Loan Assumption and all such amounts shall not be considered Loan Assumption Costs hereunder.
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Loan Assumption Costs shall have the meaning set forth in Section 2.2(a)(ii)(C) below. “Loan Documents” shall mean, as to any Mortgage Loan, the documents, instruments and agreements evidencing, securing or otherwise relating to such Mortgage Loan.
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Loan Assumption Costs means and refer to the aggregate of an assumption fee of one and one-half percent (1.5%) of the then outstanding principal amount of the Loan, and any and all costs and expenses actually incurred by the Lender in connection with Purchaser's assumption of the Loan to the extent Purchaser is required to pay such costs pursuant to the provisions of the Loan Assumption Documents (hereafter defined). Seller shall be solely responsible for the payment of all costs and expenses incurred by Seller in connection with the Loan Assumption and the Loan Release Documents (defined below), including without limitation, Seller's attorneys' fees and costs.
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Related to Loan Assumption Costs

  • Incremental Term Loan Assumption Agreement means an Incremental Term Loan Assumption Agreement among, and in form and substance reasonably satisfactory to, the Borrower, the Administrative Agent and one or more Incremental Term Lenders.

  • Prepayment Assumption As defined in the Prospectus Supplement.

  • Acquisition Costs means all fees, costs, expenses, stamp, registration or transfer Taxes incurred by the Group in connection with the Acquisition.

  • Assumption Fees With respect to any Serviced Mortgage Loan (or Serviced Loan Combination, if applicable), any and all assumption fees of such Serviced Mortgage Loan (or Serviced Loan Combination, if applicable) for transactions effected under Section 3.09(a), 3.09(b) and 3.09(c) of this Agreement (excluding assumption application fees), actually paid by the related Mortgagor and other applicable fees (not including assumption fees and/or assumption application fees) actually paid by the related Mortgagor in accordance with the related Loan Documents, with respect to any assumption or substitution agreement entered into by the Master Servicer or the Special Servicer on behalf of the Trust (or, in the case of a Serviced Loan Combination, on behalf of the Trust and the related Serviced Companion Loan Holder(s)) pursuant to Section 3.09(a) of this Agreement or paid by the related Mortgagor with respect to any transfer of an interest in such Mortgagor pursuant to Section 3.09(a) of this Agreement.

  • Incremental Assumption Agreement means an Incremental Assumption Agreement in form and substance reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and, if applicable, one or more Incremental Term Lenders and/or Incremental Revolving Facility Lenders.

  • Transaction Costs means all fees, costs and expenses incurred or payable by Holdings, the Borrower or any other Subsidiary in connection with the Transactions.

  • Collection Costs means an amount that the Municipality can charge with regard to the enforcement of a consumer’s monetary obligations;

  • Production Costs means the cost of the following:

  • Valuation Assumptions means, as of an Early Termination Date, the assumptions that (1) in each Taxable Year ending on or after such Early Termination Date, the Corporate Taxpayer will have taxable income sufficient to fully utilize the deductions arising from the Basis Adjustments and Imputed Interest during such Taxable Year or future Taxable Years (including, for the avoidance of doubt, Basis Adjustments and Imputed Interest that would result from future Tax Benefit Payments that would be paid in accordance with the Valuation Assumptions) in which such deductions would become available, (2) the U.S. federal income tax rates and state and local income tax rates that will be in effect for each such Taxable Year will be those specified for each such Taxable Year by the Code and other law as in effect on the Early Termination Date, (3) any loss carryovers generated by deductions arising from Basis Adjustments, the NOLs or Imputed Interest that are available as of such Early Termination Date will be utilized by the Corporate Taxpayer on a pro rata basis from the Early Termination Date through the scheduled expiration date of such loss carryovers, (4) any non-amortizable assets will be disposed of on the fifteenth anniversary of the applicable Basis Adjustment; provided, that in the event of a Change of Control, such non-amortizable assets shall be deemed disposed of at the time of sale of the relevant asset (if earlier than such fifteenth anniversary), and (5) if, at the Early Termination Date, there are Common Units that have not been Exchanged, then each such Common Unit shall be deemed to be Exchanged for the Market Value of the number of shares of Class A Common Stock and the amount of cash that would be transferred if the Exchange occurred on the Early Termination Date.

  • Construction Costs means any and all costs incurred by the Contractor with respect to the construction and equipping, as the case may be, of the improvements performed, whether paid or incurred prior to or after the date hereof, including, without limitation, costs for Site preparation, the removal or demolition of existing structures, the construction of the Project and related facilities and improvements, and all other work in connection therewith, security of the Site and Project, Contractors’ overhead and supervision at the Project Site, all costs and expenses including any taxes or insurance premiums paid by the Contractor with respect to the Property, and administrative and other expenses necessary or incident to the Project, excluding Contractors’ and Developers’ home office overhead and profit. The term “Construction Costs” includes all Contractor’s costs associated with preparing or generating additional copies of any Construction Documents, as defined below, related to or required for the Project, including preparation or generation of additional Plans and/or Specifications for Contractor’s Subcontractors. In no event shall Construction Costs exceed the Guaranteed Maximum Price.

  • Exploration Costs means costs incurred in identifying areas that may warrant examination and in examining specific areas that are considered to have prospects that may contain oil and gas reserves, including costs of drilling exploratory wells and exploratory type stratigraphic test wells. Exploration costs may be incurred both before acquiring the related property and after acquiring the property. Exploration costs, which include applicable operating costs of support equipment and facilities and other costs of exploration activities, are:

  • Affiliated Lender Assignment and Assumption means an assignment and assumption entered into by a Lender and an Affiliated Lender (with the consent of any party whose consent is required by Section 9.05) and accepted by the Administrative Agent in the form of Exhibit A-1 or any other form approved by the Administrative Agent and the Borrower.

  • Termination Costs means all liabilities incurred in connection with or arising out of the withdrawal, departure, resignation or termination of employment (whether actual or alleged constructive termination) of any Seconded Employee, including, without limitation, liabilities relating to or arising out of any claim of discrimination or other illegality in connection with such withdrawal, departure, resignation or termination, including cost of defense of such claims, and also including severance payments and benefits paid to a Seconded Employee in return for a release of claims.

  • Relocation Costs means costs incurred in the relocation of the furniture, fixtures, equip- ment, machinery and supplies, including, but not limited to, the cost of dismantling and reassembling equipment and the cost of floor preparation necessary for the reassembly of the equipment. Relocation costs include only such costs that are incurred during the ninety-day period immediately following the commencement of the relocation to an eli- gible premises. Relocation costs do not include costs for structural or capital improve- ments or items purchased in connection with the relocation.

  • Acquisition Cost means the cost to acquire a tangible capital asset including the purchase price of the asset and costs necessary to prepare the asset for use. Costs necessary to prepare the asset for use include the cost of placing the asset in location and bringing the asset to a condition necessary for normal or expected use.

  • Permitted Loan Purchase Assignment and Acceptance means an assignment and acceptance entered into by a Lender as an Assignor and Holdings, the Borrower or any of the Subsidiaries as an Assignee, as accepted by the Administrative Agent (if required by Section 9.04) in the form of Exhibit F or such other form as shall be approved by the Administrative Agent and the Borrower (such approval not to be unreasonably withheld or delayed).

  • Special extraction costs means the cost of the time spent by the lowest paid employee competent to perform the task, the actual amount paid to outside private contractors employed by the bureau, or the actual cost incurred to create computer programs to make the special extraction. "Special extraction costs" include any charges paid to a public agency for computer or records services.

  • Transition Costs means the reasonable costs and expenses (including reasonable attorneys’ fees but excluding overhead) incurred or payable by the Successor Servicer in connection with the transfer of servicing (whether due to termination, resignation or otherwise), including allowable compensation of employees and overhead costs incurred or payable in connection with the transfer of the Receivable Files or any amendment to the Sale and Servicing Agreement required in connection with the transfer of servicing.

  • Administration Costs means all costs to administer the Claims Process and distribute the Settlement Fund, including the costs of the Claims Administrator and the Claims Supervisor, and the costs of implementing the Notice Plan;

  • Post-secondary education costs means tuition and other fees associated with obtaining credit from a post-secondary educational institution.

  • Designated Borrower Request and Assumption Agreement has the meaning specified in Section 2.14.

  • Additional Refinancing Lender has the meaning set forth in Section 2.15(a).

  • nment and Assumption means an assignment and assumption agreement entered into by a Lender and an assignee (with the consent of any party whose consent is required by Section 9.04), and accepted by the Administrative Agent, in the form of E xhibit A or any other form approved by the Administrative Agent.

  • Assignment and Assumption Agreement means an Assignment and Assumption Agreement substantially in the form of Exhibit A.

  • Assignment and Assumption of Lease has the meaning set forth in Section 3.02(a)(v).

  • Assignment and Assumption Agreements means each of the Assignment and Assumption Agreements to be executed between a Trustee and trustee of the relevant Successor Trust in accordance with the relevant Trust Agreement, as the same may be amended, modified or supplemented from time to time.