Common use of Expenses of Closing Clause in Contracts

Expenses of Closing. The expenses of Closing shall be paid in the following manner: (i) Seller shall pay: 1. The cost of securing the CLTA standard coverage portion of the Title Policy that is attributable to the required ALTA Owner's coverage, the cost of title endorsements deemed reasonably necessary to satisfy a specific title exception objection by Purchaser); 2. Documentary transfer tax (County and City) imposed on the conveyance of title to the Property to Purchaser; 3. Any sales or use taxes that may be owing in connection with the transactions contemplated by this Agreement; and 4. One-half of Escrow Agent's Escrow Fee.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Arden Realty Inc)

Expenses of Closing. The expenses of Closing shall be paid in the following manner: : (i) Seller shall pay: : (1. ) The cost of securing the CLTA standard coverage portion of the Title Policy that is attributable to the required ALTA Owner's coverage, the cost of title endorsements deemed reasonably necessary to satisfy a specific title exception objection by Purchaser); ; (2. ) Documentary transfer tax (County and City) imposed on the conveyance of title to the Property to Purchaser; ; (3. ) Any sales or use taxes that may be owing in connection with the transactions contemplated by this Agreement; and and (4. ) One-half of Escrow Agent's Escrow Fee.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Arden Realty Inc)

Expenses of Closing. The expenses of Closing shall be paid in the following manner: (i) Seller shall pay: (1. ) The cost of securing the CLTA CTLA standard coverage portion of the Title Policy that is attributable to the required ALTA Owner's coverage, the cost of title endorsements deemed reasonably necessary to satisfy a specific title exception objection by Purchaser); (2. ) Documentary transfer tax (County and City) imposed on the conveyance of title to the Property to of Purchaser; (3. ) Any sales or use taxes that may be owing in connection with the transactions contemplated by this Agreement; and (4. ) One-half of Escrow Agent's Escrow Fee.

Appears in 1 contract

Sources: Agreement of Purchase and Sale (Arden Realty Inc)