Common use of Costs and Prorations Clause in Contracts

Costs and Prorations. Sellers shall pay the cost to cancel any mortgage or other lien of record. Buyer shall pay any and all documentary stamp taxes, deed taxes or transfer taxes applicable to this transaction and any and all costs of the Survey, the title examination, the title insurance premiums, testing or inspections of the Real Property and recording costs for the Deed or any other documents to be recorded relating to the transfer of the Real Property. Each party shall pay its own attorney's fees. Sellers shall pay any "roll-back" taxes or similar taxes based upon any change in use of the Real Property, whether such taxes are assessed before or after Closing. Sellers' obligation to pay such taxes, if any, shall survive Closing. All prorations for real estate taxes, utilities and other such costs shall be prorated between Buyer and Sellers as of the Closing Date on the basis of a 365-day year. Buyer and Sellers hereby agree that if any of the aforesaid prorations cannot be calculated accurately on the proration date (or as soon as information sufficient to complete such prorations is available), then the same shall be calculated within thirty (30) days after the information necessary to make such prorations becomes available and either party owing the other party a sum of money based on such subsequent proration(s) shall promptly pay said sum to the other party.

Costs and Prorations. Sellers Seller shall pay the cost to cancel any mortgage or other lien of record. Buyer shall pay any and all documentary stamp taxes, deed taxes or transfer taxes applicable to this transaction and any and all costs of the Survey, the title examination, the title insurance premiums, testing or inspections of the Real Property and recording costs for the Deed or any other documents to be recorded relating to the transfer of the Real Property. Each party shall pay its own attorney's fees. Sellers Seller shall pay any "roll-back" taxes or similar taxes based upon any change in use of the Real Property, whether such taxes are assessed before or after Closing. Sellers' Seller's obligation to pay such taxes, if any, shall survive Closing. All prorations for real estate taxes, utilities and other such costs shall be prorated between Buyer and Sellers Seller as of the Closing Date on the basis of a 365-day year. Buyer and Sellers Seller hereby agree that if any of the aforesaid prorations cannot be calculated accurately on the proration date (or as soon as information sufficient to complete such prorations is available), then the same shall be calculated within thirty (30) days after the information necessary to make such prorations becomes available and either party owing the other party a sum of money based on such subsequent proration(s) shall promptly pay said sum to the other party.

Costs and Prorations. Sellers Seller shall pay for the cost to cancel any mortgage or other lien of record. Buyer shall pay Survey, the title exam and Title Commitment, any and all documentary stamp taxes, deed taxes or transfer taxes applicable to this transaction and the cost to cancel any mortgage, deed of trust or other lien or Defect of record. Buyer shall pay for any and all costs of the Survey, the title examination, the title insurance premiums, testing or inspections of the Real Property and recording costs for the Deed or any other documents to be recorded relating to the transfer of the Real Property. Each party shall pay its own attorney's fees. Sellers Seller shall pay any "roll-back" taxes or similar taxes based upon any change in use of the Real Property, whether such taxes are assessed before or after Closing. Sellers' Seller's obligation to pay such taxestaxes (and any other costs herein or by law provided to be paid by Seller), if any, shall survive Closing. All prorations for real estate taxes, utilities and other such costs shall be prorated between Buyer and Sellers Seller as of the Closing Date on the basis of a 365-day year. Buyer and Sellers hereby agree that if If any of the aforesaid prorations cannot be calculated accurately on the proration date Closing Date (or as soon as information sufficient to complete such prorations is available), then the same shall be calculated within thirty (30) days after the information necessary to make such prorations becomes available and either party owing the other party a sum of money based on such subsequent proration(s) shall promptly pay said sum to the other party. If the transaction contemplated by this Contract results in a revaluation of the Property, the parties shall reprorate taxes after receipt of the tax bill(s).

Costs and Prorations. Sellers Seller shall pay for the cost to cancel any mortgage or other lien of record. Buyer shall pay Survey, the title exam and Title Commitment, any and all documentary stamp taxes, deed taxes or transfer taxes applicable to this transaction and the cost to cancel any mortgage, deed of trust or other lien or Defect of record. Buyer shall pay for any and all costs of the Survey, the title examination, the title insurance premiums, testing or inspections of the Real Property and recording costs for the Deed or any other documents to be recorded relating to the transfer of the Real Property. Each party shall pay its own attorney's fees. Sellers Seller shall pay any "roll-back" taxes or similar taxes based upon any change in use of the Real Property, whether such taxes are assessed before or after Closing. Sellers' Seller's obligation to pay such taxestaxes (and any other costs herein or by law provided to be paid by Seller), if any, shall survive Closing. All prorations for real estate taxes, utilities and other such costs shall be prorated between Buyer and Sellers Seller as of the Closing Date on the basis of a 365-day year. Buyer and Sellers hereby agree that if If any of the aforesaid prorations cannot be calculated accurately on the proration date Closing Date (or as soon as information sufficient to complete such prorations is available), then the same shall be calculated within thirty (30) days after the information necessary to make such prorations becomes available and either party owing the other party a sum of money based on such subsequent proration(s) shall promptly pay said sum to the other party. If the transaction contemplated by this Contract results in a revaluation of the Property, the parties shall reprorate taxes after receipt of the tax xxxx(s).