Common use of Transactional Costs Clause in Contracts

Transactional Costs. Seller Parties and Buyer shall be responsible for their respective attorneys’ fees, accountants’ fees, experts’ fees, and other expenses incurred by them in connection with the negotiations and Closing of this transaction; provided however, that in the event litigation is commenced to enforce any rights under this Agreement or to pursue any other remedy available to any party, all legal expense or other direct costs of litigation of the prevailing party shall be paid by the non-prevailing party. Any environmental assessment, title examination, title insurance, or survey desired by Buyer shall be provided at Buyer’s expense.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Where Food Comes From, Inc.), Asset Purchase Agreement (Where Food Comes From, Inc.)

Transactional Costs. Seller Parties and Buyer shall be responsible for their respective attorneys’ fees, accountants’ fees, experts’ fees, investment banker and financial consultant fees (if any), and other expenses incurred by them in connection with the negotiations and Closing of this transaction; provided however, however that in the event litigation or arbitration is commenced to enforce any rights under this Agreement or to pursue any other remedy available to any party, all legal expense expenses or other direct costs of litigation or arbitration of the prevailing party shall be paid by the non-prevailing other party. Any environmental assessment, title examination, title insurance, or survey desired by Buyer Parties in connection with Closing shall be provided obtained at Buyer’s Buyer Parties’ expense, except as set forth in Section 3.4.7.

Appears in 1 contract

Sources: Asset Purchase Agreement (Hines Horticulture Inc)