Common use of Costs of Closing Clause in Contracts

Costs of Closing. Purchaser shall pay all of the costs and expenses incurred in connection with the transfer of the Property contemplated by this Contract including, without limitation, the following: (i) all costs and expenses incurred by Purchaser in connection with its due diligence investigation of the Property, (ii) all premiums and fees charged by the Title Company for the Owner's Title Policy and the mortgagee's title policy, if applicable, (iii) all escrow fees charged by the Title Company for the closing on this sale transaction, (iv) all transfer taxes, intangible taxes, documentary taxes and stamps, recording fees and other governmental taxes and charges in connection with the conveyance of the Property, and (v) all costs associated with Purchaser's loan for the purchase of the Property, if any. If the Closing hereunder occurs, Purchaser shall receive a credit against Purchase Price in an amount not greater than Five Thousand and No/100 Dollars ($5,000.00) to offset a portion of the costs and expenses incurred by Purchaser in connection with the transfer of the Property contemplated by this Contract. Each party shall pay its own legal fees and advisory fees incidental to the execution of this Contract and the consummation of the transactions contemplated hereby. The provisions of this Section 8.3 shall survive the Closing or earlier termination of this Contract.