Common use of Individual Expenses Clause in Contracts

Individual Expenses. Except as otherwise set forth herein, each party will bear its own expenses, including (i) the fees of its own investigations into the value and other characteristics of the portfolio of properties and/or assets being purchased pursuant to the Purchase Agreement; (ii) the fees of its own professional advisors; (iii) the expenses relating to each property or asset being acquired by such party, including without limitation, (a) the cost of any title insurance (for itself or any lender, including lenders of indebtedness assumed by such party in connection with the acquisition of such property or asset under the Purchase Agreement), surveys, title inspections, environmental reports, engineering reports and appraisals that such party elects to obtain, and (b) the amount of any prepayment premiums or similar payments required as a result of a prepayment of debt associated with such property or asset on or prior to the Closing Date.