Expenses and Prorations. Seller agrees to pay the costs of preparing the deed, certificates for non-foreign status and state residency and the applicable IRS Form 1099, and the recordation tax applicable to grantors. Except as otherwise agreed herein, all other expenses incurred by Purchaser in connection with the Contract and the transaction set forth therein, including, without limitation, title examination costs, insurance premiums, survey costs, recording costs, loan document preparation costs and fees of Purchaser's attorney, shall be borne by Purchaser. All taxes, assessments, interest, rent and mortgage insurance, if any, shall be prorated as of Settlement. In addition to the Purchase Price, Purchaser shall pay Seller (i) for all propane remaining on the Property (if any) at the prevailing market price as of Settlement and (ii) any escrow Deposits made by Seller which are credited to Purchaser by the holders thereof.
Expenses and Prorations. Seller agrees to pay the expense of preparing the deed and owner/seller affidavit, Seller’s settlement fee, certificate for non-foreign status and the recordation tax applicable to grantors. Except as other-wise agreed herein, all other expenses incurred by Purchaser in connection with this purchase shall be borne by the purchaser. All taxes, assessment, interest, rend, escrow deposits and other ownership fees, if any shall be prorated as of the date of settlement.
Expenses and Prorations. Seller agrees to pay the costs of preparing the deed, certificates for non-foreign status and state residency and the applicable IRS Form 1099, and the recordation tax applicable to grantors. Except as otherwise agreed herein, all Seller’s Initials Purchaser’s Initials ** SAMPLE ** 5 other expenses incurred by Purchaser in connection with the Contract and the transaction set forth therein, including, without limitation, title examination costs, insurance premiums, survey costs, recording costs, loan document preparation costs and fees of Purchaser's attorney, shall be borne by Purchaser. All taxes, assessments, interest, rent and mortgage insurance, if any, shall be prorated as of Settlement. In addition to the Purchase Price, Purchaser shall pay Seller (i) for all propane remaining on the Property (if any) at the prevailing market price as of Settlement and (ii) any escrow Deposits made by Seller which are credited to Purchaser by the holders thereof.
Expenses and Prorations. The expense of the transactions contemplated by this Agreement and any proration of expenses at the Closing shall be paid as follows: (a) Developer will pay all costs related to its inspection of the Developer Parcel including survey and title, any title search, commitment and insurance policy premium, the recording charges for the Deed (defined below), and one-half of any escrow fees charged by the Title Company; (b) City will pay any CAUV recoupment for the conversion of Developer Parcel to nonagricultural use, all costs of obtaining and recording any releases of liens on the Developer Parcel required to be released hereunder, one-half of any escrow fees charged by the Title Company, any transfer tax, conveyance fee or similar charge of Xxxxxxxxxx County in connection with the sale of the Developer Parcel, Deed preparation fee, and (c) The real estate taxes and annual installments of assessments with respect to the Developer Parcel shall be prorated between City and Developer as of the Closing Date (as defined below) in accordance with the "short proration" method as is the custom of Xxxxxxxxxx County, Ohio. In the event that a plat, replat, or subdivision is required to convey the Developer Parcel, the City shall be responsible for the cost and expenses related thereto, and Developer shall cooperate fully with City in any actions necessary to accomplish the same.
Expenses and Prorations. Each party shall bear and pay its own costs and expenses relating to the transactions contemplated by, or the performance of or compliance with any condition or covenant set forth in, this Agreement. In determining the costs and expenses of each party hereunder, the following rules shall apply: (a) all costs of the Preliminary Title Reports and each Title Policy shall be paid by Seller up to an amount equal to the amount Seller would have incurred if each Title Policy were a standard coverage owner's or leasehold owner's policy of title insurance (without deletion of survey exceptions), and the remaining costs of each Title Policy (including any endorsements required by Buyer), if any, shall be borne by Buyer; (b) all costs of the Surveys, the Environmental Survey and all UCC Reports shall be borne by Buyer; (c) all fees, charges and costs of economists and other experts, if any, jointly retained by Buyer and Seller in connection with the submissions made to any governmental agency and advice in connection therewith respecting the approval of the transactions contemplated hereby will be borne one-half by Seller and one-half by Buyer except for all fees relating to the Hart-Xxxxx-Xxxxxx xxxing, which fees shall be paid by Buyer; (d) all escrow charges and related fees shall be borne one-half by Seller and one-half by Buyer; (e) if not properly reflected as an Accrued Operating Expense as of the Closing Date, all real and personal property taxes (including all special assessments and any installment payments thereof) shall be prorated between Seller and Buyer as of the Closing Date based on the assessed valuations of such property for the taxable year in which the Closing occurs and the property tax rates for such taxable year of all applicable taxing jurisdictions; and (f) all other costs, charges and expenses shall, except as otherwise provided in this Agreement, be allocated between Buyer and Seller in accordance with the customs of the county in which the Real Property is located.
Expenses and Prorations. Unless the Lease provides that Tenant pay in full all real and personal property ad valorem taxes and assessments and all installments of current year special assessments on the Property, Seller shall pay in full all real and personal property ad valorem taxes and assessments and all installments of current year special assessments payable on or before the Closing Date, and Buyer shall pay all such taxes and assessments that cannot be paid until after the Closing Date; provided, however, that taxes and assessments for the tax period in which Closing occurs shall be prorated based on the last preceding tax period for which the assessments are known. Seller shall pay the cost of any fees or payments incurred if there is a prepayment of any mortgage or encumbrance on the Property, the cost of recording the Special Warranty Deed, any brokerage commission payable by Seller pursuant to Section 9.4(a) and its own attorney’s fees, if any. Buyer shall pay the cost of the Commitment and any owner’s policy of title insurance and endorsements to be issued to Buyer, the Survey, the Environmental Audit, all costs related to Buyer’s Site Inspection, all other costs related to the Review Items, any brokerage commission payable by Buyer pursuant to Section 9.4(b), any mortgage registration taxes and its own attorneys fees, if any. Buyer and Seller shall evenly divide and pay any transfer taxes or other transaction taxes and the closing costs to be paid to the Title Company, including but not limited to any escrow fee. All other items, including but not limited to rent under the Lease and utilities, customarily subject to proration shall be prorated as of the Closing Date.
Expenses and Prorations. Seller agrees to pay the costs of preparing the deed, certificates for non-foreign status and state residency and the applicable IRS Form 1099, and the recordation tax applicable to grantors. Except as otherwise agreed herein, all other expenses incurred by Purchaser in connection with the Contract and the transaction set forth therein, including, without limitation, title examination costs, insurance premiums, recording costs, loan document preparation costs and fees of Purchaser's attorney, shall be borne by Purchaser. All taxes, assessments, interest, rent and mortgage insurance, if any, shall be prorated as of Settlement.
Expenses and Prorations. All real property ad valorem taxes ----------------------- applicable to the Property shall be prorated as of the date Seller acquires title to the Land between Seller and Purchaser, said proration to be based upon the most recently available tax rate and valuation with respect to the Land; provided, however, that upon the issuance of the tax bills for such taxes for the year of Closing, Purchaser and Seller shall promptly make such adjustments as may be necessary to insure that the actual amount of such taxes for the year of Closing shall be prorated between Purchaser and Seller. Purchaser shall pay the cost of the Title Commitment, including the cost of the examination of title to the Property made in connection therewith, the premium for the owner's policy of title insurance issued pursuant thereto, survey, the cost of any recording fees, transfer or documentary tax due and payable in connection with the conveyance of the Property pursuant hereto, the cost of a phase one environmental audit for the benefit of Purchaser, the attorney's fees of Seller, and all other costs and expenses incurred by Seller or Purchaser in closing and consummating the purchase and sale of the Property pursuant hereto.
Expenses and Prorations. The expense of the transactions contemplated by this Agreement and any proration of expenses at the Closing shall be paid as follows: (a) Developer will pay all costs related to its inspection of the Developer Parcel including additional costs associated with ALTA Survey, any title search, commitment and insurance policy premium, the recording charges for the Deed (defined below), and one-half of any escrow fees charged by the Title Company; (b) City will pay any CAUV recoupment for the conversion of Developer Parcel to nonagricultural use, all costs of obtaining and recording any releases of liens on the Developer Parcel required to be released hereunder, one-half of any escrow fees charged by the Title Company, any transfer tax, conveyance fee or similar charge of Xxxxxxxxxx County in connection with the sale of the Developer Parcel, cost of a non-ALTA survey, Deed preparation fee, and (c) The real estate taxes and annual installments of assessments with respect to the Property shall be prorated between parties on a calendar year basis as of the Closing Date (as defined below). City shall be responsible to pay all real estate taxes and annual installments of assessments for all periods prior to and through the date of Closing. Purchaser shall pay all real estate taxes, and annual installments of assessments for periods following date of Closing. Real estate taxes and assessments will be prorated based on the most recent official tax duplicate as of the date of Closing. In the event that a plat, re-plat, or subdivision is required to convey the Developer Parcel, the City shall be responsible for the cost and expenses related thereto, and Developer shall cooperate fully with City in any actions necessary to accomplish the same.
Expenses and Prorations. (a) In addition to the expenses, adjustments and prorations set forth elsewhere in this Agreement, the expenses of this transaction and closing prorations shall be paid, as of the date of Closing, as follows:
