Other Closing Costs Sample Clauses
The "Other Closing Costs" clause defines which additional expenses, beyond the main purchase price, are to be paid by each party at the closing of a transaction. This clause typically covers items such as title insurance, escrow fees, recording charges, transfer taxes, and attorney fees, specifying whether the buyer or seller is responsible for each cost. By clearly allocating these miscellaneous financial obligations, the clause helps prevent disputes and ensures both parties understand their financial responsibilities at closing.
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Other Closing Costs. Escrow Agent shall apportion all other closing costs, if any, in a manner customary for real estate transactions of this nature in the State of Hawaii, or, if there is no custom, such other closing costs shall be split equally between Seller and Buyer.
Other Closing Costs. Any other charges and expenses incurred in effecting Closing shall be allocated between the Parties in accordance with the custom for commercial real estate transactions in the county where the Hotel is located.
Other Closing Costs. All other closing costs shall be borne by the parties according to custom and practice in Maui, Hawaii.
Other Closing Costs. Seller and Purchaser shall each remain liable for their own closing expenses including attorney's fees. Seller shall remain liable for any closing expenses incurred by Seller and/or Seller's agents or employees and shall indemnify Purchaser against any actions brought against Purchaser, resulting from Seller's failure to pay any such Closing expenses. Purchaser shall remain liable for any Closing expenses incurred by Purchaser and/or Purchaser's agents or employees and shall indemnify Seller against any actions brought against Seller resulting from Purchaser's failure to pay any such closing expenses.
Other Closing Costs. Any other charges and expenses incurred in effecting Closing shall be evenly allocated between the Sellers on the one hand and the Buyer on the other hand.
Other Closing Costs. Seller(s) shall pay the utilities, property taxes, and home owner association dues (if any), until the date of closing. Seller(s) also pay the government excise taxes. Buyer(s) pay the utilities, property taxes, and home owner association dues arising after the date of closing. Buyer(s) assume any charges and assessments due after closing. Buyer(s) pay the recording fee for the Deed. Sellers Disclosure: Buyer(s) acknowledged that Buyer(s) have received the residential real property disclosure form, Lead Paint Disclosure form for homes built prior to 1978. Buyer(s) Right: Buyer(s) can terminate the Agreement anytime. Buyer(s) can extend the Closing Date one time, for another 30 days, by paying $100/day to the Seller. The fee paid to the seller for extending the contract is in addition to the Purchase Price and must be paid in advance. The fee paid for any extension day, which is not utilized, will be credited towards the Purchase Price. Sellers’ Warranties: Seller(s) warrants that he, she, they or it has the right and ability to sell and transfer title and possession of the subject property. Seller(s) also agree to cooperate with the Buyer(s) to complete the transaction, by, for example, providing reasonable access to the property as needed by various state certified appraisers and inspectors with 48 hours notice, timely signing all the documents necessary to close the transaction as required by the escrow/title company. Seller(s) further warrant that the Seller(s) remain obligated to this Agreement, as long as Buyer(s) name, purchase price, closing dates, any extension are decided on Faira platform, consistent with the minimum price and the latest dates communicated by the Seller(s) on the Faira platform. Faira is not a party to the Agreement.
Other Closing Costs. 2.3.1 Purchaser’s attorney fees if Purchaser elects to retain an attorney.
2.3.2 Any endorsements to the owner’s title insurance policy (if desired); and
2.3.3 Any financial obligations Purchaser incurs not provided for in the Agreement.
Other Closing Costs. (a) Payment of the premium for the issuance of the Buyer's Title Policies (other than that portion of the premium for obtaining an ALTA, rather than a CLTA owner's policy of title insurance or other standard coverage, and the premium for any endorsements to Buyer's Title Policies) in the amount of the Purchase Price shall be paid by Buyer or Seller according to custom as set forth in Exhibit G. Buyer shall pay the additional premium for obtain an ALTA or extended coverage, rather than a CLTA or standard coverage, owner's policy of title insurance and the premium for the issuance of any endorsements to Buyer's Title Policies. Seller shall pay all county and city documentary transfer or transaction taxes or fees due on the transfer of the Properties. All other Closing costs, except as otherwise provided below, shall be paid by Seller and Buyer according to custom in the county in which the applicable Property is located as set forth on Exhibit G attached hereto.
(b) Seller shall pay 50% of any escrow or other costs charged by or reimbursable to the Title Company.
(c) Buyer shall pay 50% of any escrow or other costs charged by or reimbursable to the Title Company.
(d) Seller shall pay transfer fees related to the Assumed Indebtedness.
(e) Seller shall pay all fees, costs, premiums, and penalties, if any, for releasing of record all deeds of trust and mortgages (other than the Loan Documents evidencing the Assumed Indebtedness), if applicable to such Property, and which are not Permitted Exceptions.
Other Closing Costs. Except as explicitly set forth herein, all other costs, expenses and legal fees incurred by Transferee or Transferor in connection with the Closing, including, without limitation, costs, expenses and legal fees incurred in connection with (i) the Refinancing, and (ii) the issuance of the Licenses to Newco, the Company, the Facility Lessees, the Facility Owners and/or Manager (collectively, the “Other Shared Closing Costs”), shall be borne in accordance with Section 15.08 below.
Other Closing Costs. (a) Seller shall pay (i) any county documentary transfer or transaction taxes or fees due on the transfer of the Property, (ii) fifty percent (50%) of any city documentary transfer or transaction taxes or fees due on the transfer of the Property, (iii) fifty percent (50%) of all escrow, recording or other fees or costs charged by or reimbursable to Title Company, (iv) the CLTA portion of the title insurance premium for the Title Policy (but only for a liability amount equal to the Purchase Price), (v) all fees and expenses of its legal counsel and other third party consultants engaged by or on behalf of Seller in connection with this transaction and (vi) any prepayment fees or penalties, if any, to pay off existing mortgages affecting the Property.
(b) Buyer shall pay (i) balance of the premium for the Title Policy (including costs of endorsements, extended coverage and related survey costs), (ii) fifty percent (50%) of all escrow, recording or other fees or costs charged by or reimbursable to Title Company, (iii) any sales or use taxes determined to be payable in connection with this transaction, (iv) fifty percent (50%) of any city documentary transfer or transaction taxes or fees due on the transfer of the Property, (v) the cost of the Survey, (vi) all fees and expenses of its legal counsel and other third party consultants engaged by or on behalf of Buyer in connection with this transaction, and (vi) the balance of the premium for the Title Policy (including costs of endorsements, extended coverage and related survey costs.
(c) Any costs and expenses of closing that are not expressly identified in subparagraph (a) or (b) above shall be allocated between the parties in accordance with prevailing custom in San Diego County.