Common use of Closing Costs and Credits Clause in Contracts

Closing Costs and Credits. Purchaser shall pay, on the Closing Date, (a) any escrow fees of the Title Company, (b) all recording costs relating to the Deed, (c) all title insurance costs relating to a mortgagee’s policy of title insurance, if applicable, together with extended coverage and/or any endorsements desired by Purchaser with respect to the Title Policy, (d) all expenses associated with financing its acquisition of the Property, if applicable, including, without limitation, documentary stamp and nonrecurring taxes, and (e) the fees of Purchaser’s counsel. Seller shall pay, on the Closing Date, (u) all costs and expenses of whatsoever nature relating to construction of the Improvements, (v) all costs relating to the Survey and the Updated Survey, (w) all title insurance costs relating to the base Title Policy, (x) all applicable transfer taxes, grantor’s taxes, documentary stamp taxes and similar charges relating to the transfer of the Property, excepting such taxes and charges related to Purchaser’s financing, if applicable, (y) all costs and expenses relating to retirement of any and all indebtedness secured by the Property, including without limitation prepayment penalties, yield maintenance fees, defeasance costs and the costs of recording all mortgage cancellations, and (z) the fees of Seller’s counsel. Purchaser shall receive a credit at Closing for all security deposits made by tenants under the Leases and for any prepaid rents and other amounts related to months following the month in which Closing occurs. Additionally, on the Closing Date, Seller shall leave xxxxx cash in the amount of Three Hundred and no/100 Dollars ($300.00) on site at the Property, which amount shall be reimbursed by Purchaser to Seller at Closing as a credit in favor of Seller on the closing statement.

Closing Costs and Credits. Purchaser shall pay, on the Closing Date, (a) any escrow fees of the Title Company, (b) all recording costs relating to the Deed, (c) all title insurance costs relating to a mortgagee’s policy of title insurance, if applicable, together with extended coverage and/or any endorsements desired by Purchaser with respect to the Title Policy, (d) all expenses associated with financing its acquisition of costs relating to the Property, if applicable, including, without limitation, documentary stamp Survey and nonrecurring taxesthe Updated Survey, and (e) the fees of Purchaser’s counsel. Seller shall pay, on the Closing Date, (uv) all costs and expenses of whatsoever nature relating to construction of the Improvements, (v) all costs relating to the Survey and the Updated Survey, (w) all title insurance costs relating to the base Title Policy, (x) all applicable transfer taxes, grantor’s taxes, documentary stamp taxes and similar charges relating to the transfer of the Property, excepting such taxes and charges related to Purchaser’s financing, if applicable, (y) all costs and expenses relating to retirement of any and all indebtedness secured by the Property, including without limitation prepayment penalties, yield maintenance fees, defeasance costs and the costs of recording all mortgage cancellations, and (z) the fees of Seller’s counsel. Purchaser shall receive a credit at Closing for all security deposits made by tenants under the Leases and for any prepaid rents and other amounts related to months following the month in which Closing occurs. Additionally, on the Closing Date, Seller shall leave xxxxx cash in the amount of Three Hundred and no/100 Dollars ($300.00) on site at the Property, which amount shall be reimbursed by Purchaser to Seller at Closing as a credit in favor of Seller on the closing statement.

Closing Costs and Credits. Purchaser shall pay, on the Closing Date, (a) one half (1/2) of any customary and reasonable escrow fees of the Title CompanyEscrow Agent, (b) all recording costs relating to the Deed, (c) all title insurance costs relating to a mortgagee’s policy of title insurance, if applicable, together with extended coverage and/or any endorsements desired by Purchaser with respect to the Title Policy, (d) all expenses associated with financing its acquisition of costs relating to the Property, if applicable, including, without limitation, documentary stamp and nonrecurring taxesSurvey, and (e) the fees of Purchaser’s counsel. Seller shall pay, on the Closing Date, (u) all costs and expenses of whatsoever nature relating to construction of the Improvements, (v) all costs relating to the Survey and the Updated Surveytermination of Seller’s property management agreement, including any early termination fees (w) all title insurance costs relating to the base ALTA Owner’s Title PolicyPolicy in the amount of the Purchase Price, including mechanic’s lien coverage, (w) one half (1/2) of any customary and reasonable escrow fees of the Escrow Agent, (x) all applicable transfer taxes, grantor’s taxes, documentary stamp taxes and similar charges relating to the transfer of the Property, excepting such taxes and charges related to Purchaser’s financing, if applicable, (y) all costs and expenses relating to retirement of any and all indebtedness secured by the Property, including without limitation prepayment penalties, yield maintenance fees, defeasance costs and the costs of recording all mortgage cancellationscancellations and reconveyances of deeds of trust, and (z) the fees of Seller’s counsel. Purchaser shall receive a credit at Closing for all security deposits made by tenants under the Leases and for any prepaid rents and other amounts related to months following the month in which Closing occurs. Additionally, on the Closing Date, Seller shall leave xxxxx cash in the amount of Three Hundred and no/100 Dollars ($300.00) on site at the Property, which amount shall be reimbursed by Purchaser to Seller at Closing as a credit in favor of Seller on the closing statement.

Closing Costs and Credits. Purchaser shall pay, on the Closing Date, (a) any escrow fees of the Title CompanyEscrow Agent, (b) all recording costs relating to the Deed, (c) all title insurance costs relating to a mortgagee’s policy of title insurance, if applicable, together with extended coverage and/or any endorsements desired by Purchaser with respect to the Title Policy, (d) all expenses associated with financing its acquisition of costs relating to the Property, if applicable, including, without limitation, documentary stamp and nonrecurring taxesSurvey, and (e) the fees of Purchaser’s counsel. Seller shall pay, on the Closing Date, (u) all costs and expenses of whatsoever nature relating to construction of the Improvements, (v) all costs relating to the Survey and the Updated Surveytermination of Seller’s property management agreement, including any early termination fees, (w) all title insurance costs relating to the base Title PolicyPolicy in the amount of the Purchase Price with Title Company to provide to Seller a “Xxxxxx Rebate” in an amount of fifty percent (50%) of “agent share” of total title premiums, (x) all applicable transfer taxes, grantor’s taxes, documentary stamp taxes and similar charges relating to the transfer of the Property, excepting such taxes and charges related to Purchaser’s financing, if applicable, (y) all costs and expenses relating to retirement of any and all indebtedness secured by the Property, including without limitation prepayment penalties, yield maintenance fees, defeasance costs and the costs of recording all mortgage cancellations, and (z) the fees of Seller’s counsel. Purchaser shall receive a credit at Closing for all security deposits made by tenants under the Leases and for any prepaid rents and other amounts related to months following the month in which Closing occurs. Additionally, on the Closing Date, Seller shall leave xxxxx cash in the amount of Three Hundred and no/100 Dollars ($300.00) on site at the Property, which amount shall be reimbursed by Purchaser to Seller at Closing as a credit in favor of Seller on the closing statement.

Closing Costs and Credits. Purchaser shall pay, on the Closing Date, (a) any escrow fees of the Title CompanyEscrow Agent, (b) all recording costs relating to the Deed, (c) all title insurance costs relating to a mortgagee’s policy of title insurance, if applicable, together with extended coverage and/or any endorsements desired by Purchaser with respect to the Title Policy, (d) all expenses associated with financing its acquisition of costs relating to the Property, if applicable, including, without limitation, documentary stamp Survey and nonrecurring taxesthe Updated Survey, and (e) the fees of Purchaser’s counsel. Seller shall pay, on the Closing Date, (uv) all costs and expenses of whatsoever nature relating to construction of the Improvements, (v) all costs relating to the Survey and the Updated Survey, (w) all title insurance costs relating to the base Title Policy, (x) all applicable transfer taxes, grantor’s taxes, documentary stamp taxes and similar charges relating to the transfer of the Property, excepting such taxes and charges related to Purchaser’s financing, if applicable, (y) all costs and expenses relating to retirement of any and all indebtedness secured by the Property, including without limitation prepayment penalties, yield maintenance fees, defeasance costs and the costs of recording all mortgage cancellations, and (z) the fees of Seller’s counsel. Purchaser shall receive a credit at Closing for all security deposits made by tenants under the Leases and for any prepaid rents and other amounts related to months following the month in which Closing occurs. Additionally, on the Closing Date, Seller shall leave xxxxx cash in the amount of Three Hundred and no/100 Dollars ($300.00) on site at the Property, which amount shall be reimbursed by Purchaser to Seller at Closing as a credit in favor of Seller on the closing statement.