Common use of Expenses of Closing Clause in Contracts

Expenses of Closing. Seller will pay (with such costs to be allocated among the Apartment Seller and the Vacant Land Seller as Seller may determine) (i) all state, county and local documentary transfer taxes, (ii) the base premium for the Title Policies (hereinafter defined); (iii) 1/2 of any escrow fee; (iv) Seller's attorneys' fees; (v) the cost to remove or insure over any Non-Permitted Liens (as defined below) and any other objections that Seller elected to cure pursuant to Section 6 below; (vi) Seller’s share of the prorations set forth in Section 4(e) below; and (vii) other expenses stipulated to be paid by Seller under other provisions of this Agreement. Purchaser will pay (with such costs to be allocated among the Apartment Purchaser and the Vacant Land Purchaser as Purchaser may determine) (A) the cost of any endorsements to the Title Policies requested by Purchaser, including the cost of the Survey Modification (as defined in Section 6(e) below); (B) the cost of any lender policies and endorsements thereto; (C) recording fees for the Deeds; (D) the cost of obtaining updated surveys; (E) 1/2 of any escrow fee; (F) Purchaser's attorneys' fees; (G) Purchaser's share of the prorations set forth in Section 4(e) below; and (H) other expenses stipulated to be paid by Purchaser under other provisions of this Agreement.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Hines Global Income Trust, Inc.)

Expenses of Closing. Seller will pay (with such Closing costs to and expenses shall be allocated among the Apartment between Seller and the Vacant Land Buyer as follows: (a) Seller as Seller may determine) shall pay (i) all statecosts and expenses associated with the Land Division, county including (without limitation) the cost of any survey(s), any application fees, and local documentary transfer taxes, the costs and expenses associated with any conditions of approval; (ii) the base portion of premium for the Title Policies (hereinafter defined)Policy for standard coverage; (iii) 1/2 the cost of removing any escrow feeUnacceptable Encumbrances or Monetary Liens that Seller has agreed to remove under Section 4; (iv) Seller's attorneys' feesany amount due Buyer for prorations under Section 10; (v) Seller’s attorneys’ fees incurred in the cost to remove or insure over any Non-Permitted Liens (as defined below) and any other objections that Seller elected to cure pursuant to Section 6 belowtransactions contemplated herein; (vi) Seller’s share one-half of the prorations set forth in Section 4(e) belowTitle Company’s standard closing and escrow fees for the transactions contemplated herein; and (vii) any excise or transfer tax, if applicable. (b) Buyer shall pay (i) the premiums for any extended form policies of title insurance and any endorsements thereto beyond the premium due for the standard coverage policy, if requested by Buyer; (ii) recording charges imposed on the recordation of the Deed and any other expenses stipulated documents to be paid by Seller under other provisions recorded at Closing on behalf of this Agreement. Purchaser will pay (with such costs to be allocated among the Apartment Purchaser and the Vacant Land Purchaser as Purchaser may determine) (A) the cost of any endorsements to the Title Policies requested by Purchaser, including the cost of the Survey Modification (as defined in Section 6(e) below)Buyer; (Biii) the cost of any lender policies and endorsements thereto; (C) recording fees amount due Seller for the Deeds; (D) the cost of obtaining updated surveys; (E) 1/2 of any escrow fee; (F) Purchaser's attorneys' fees; (G) Purchaser's share of the prorations set forth in under Section 4(e) below; and (H) other expenses stipulated to be paid by Purchaser under other provisions of this Agreement.10;

Appears in 1 contract

Sources: Purchase and Sale Agreement

Expenses of Closing. Seller will pay (with such costs to be allocated among the Apartment Seller and the Vacant Land Seller as Seller may determine) (i) all state, county and local documentary transfer and excise taxes, ; (ii) the base premium for an ALTA 2006 standard owner’s title insurance policy in the amount of the Purchase Price (the “Title Policies (hereinafter definedPolicy”); (iii) 1/2 of any escrow fee; (iv) Seller's attorneys' fees; (v) the cost to remove or insure over any Non-Permitted Liens (as defined below) and any other objections that Seller elected to cure pursuant to Section 6 below; (vi) Seller’s appropriate share of the prorations set forth in Section 4(e) below; (vi) recording fees; (vii) the actual costs of warranty and guaranty transfers, including any roof warranty transfers (including any require roof inspection fees) and (viiviii) other expenses stipulated to be paid by Seller under other provisions of this Agreement. Purchaser will pay (with such costs to be allocated among the Apartment Purchaser and the Vacant Land Purchaser as Purchaser may determine) (A) the cost of additional premium for an extended coverage title policy, including any endorsements to the Title Policies requested by Purchaser, including the cost of the Survey Modification (as defined in Section 6(e) below)Policy; (B) the cost of any lender policies lender’s policy of title insurance and endorsements thereto; (C) recording fees for the Deeds; (D) the cost of obtaining an updated surveyssurvey; (ED) 1/2 of any escrow fee; (FE) Purchaser's attorneys' fees; (GF) Purchaser's appropriate share of the prorations set forth in Section 4(e) below; and (HG) other expenses stipulated to be paid by Purchaser under other provisions of this Agreement.

Appears in 1 contract

Sources: Purchase and Sale Agreement (RREEF Property Trust, Inc.)