Assumption Costs definition

Assumption Costs shall have the meaning set forth in Section 4.4.
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Assumption Costs shall have the meaning assigned thereto in Section 9.1(a).
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Assumption Costs has the meaning set forth in Section 6.2(b)(vii).
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Examples of Assumption Costs in a sentence

  • Buyer’s foregoing indemnity regarding the Assumption Costs shall survive Closing and any termination of this Contract.

  • Except as expressly provided in this Section 4.4, Buyer, and not Seller, shall be responsible for all costs, fees and expenses incurred or payable as a result of the Assumption Costs and complying with the requirements of the Existing Loan for an assumption, and Buyer hereby agrees to indemnify, defend and hold harmless Seller from all of said costs, fees and expenses.

  • In the event Seller is responsible for its prorata share of the Loan Assumption Costs as provided above, then such amount shall be reflected as a credit to Buyer on the Closing Statement.

  • Seller shall pay all Existing Loan Assumption Costs and the costs and expenses of title insurance including title commitment preparation, copies of documents of record, work and search charges and the premium for Purchaser’s standard base title policy (including all curative Title Policy endorsements) at Closing.

  • In the event the Loan Assumption Costs exceed the Loan Assumption Cost Cap, then Buyer and Seller shall each be responsible for 50% of any Loan Assumption Costs in excess of the Loan Assumption Cost Cap (whether or not a Closing occurs).

  • Buyer shall also be responsible for the payment of legal fees, servicing fees, title insurance premiums and other charges related to the assumption of the Bank of America Loan Documents (collectively, the "Loan Assumption Costs") in an amount not to exceed One Hundred Thousand and No/Dollars ($100,000.00) (the "Loan Assumption Cost Cap").

  • In the event this Agreement is terminated prior to Closing for any reason other than a default by Seller hereunder or a failure of Seller to obtain Seller's Board Approval (as hereinafter defined), then Buyer shall be responsible for the Loan Assumption Costs actually incurred in connection with the attempt to obtain the Loan Assumption Consent from Bank of America, subject to the Loan Assumption Cost Cap.

  • Nothing in this Contract, express or implied, is intended to confer on any person other than the Parties hereto and their respective successors and permitted assigns any rights, remedies, obligations or liabilities under or by reason of this Contract.

  • Sellers shall not pay or reimburse any costs related to attorneys’ fees incurred by Buyer (or its affiliates) in connection with the Loan Assumptions, other than, subject to the Capped Loan Assumption Costs Ceiling, the Capped Loan Assumption Costs.

  • The parties hereto agree to cooperate with and to take all reasonable action to facilitate the receipt of the Lender Approval, however, the Partnership shall be solely responsible to pay to the Lender any and all Loan Assumption Costs, required in connection with the Lender Approval (other than the Contributor’s legal fees to review the Lender Approval Documents).

Related to Assumption Costs

  • Assumption Fees With respect to any Serviced Mortgage Loan (or Serviced Loan Combination, if applicable), any and all assumption fees of such Serviced Mortgage Loan (or Serviced Loan Combination, if applicable) for transactions effected under Section 3.09(a), 3.09(b) and 3.09(c) of this Agreement (excluding assumption application fees), actually paid by the related Mortgagor and other applicable fees (not including assumption fees and/or assumption application fees) actually paid by the related Mortgagor in accordance with the related Loan Documents, with respect to any assumption or substitution agreement entered into by the Master Servicer or the Special Servicer on behalf of the Trust (or, in the case of a Serviced Loan Combination, on behalf of the Trust and the related Serviced Companion Loan Holder(s)) pursuant to Section 3.09(a) of this Agreement or paid by the related Mortgagor with respect to any transfer of an interest in such Mortgagor pursuant to Section 3.09(a) of this Agreement.

  • Acquisition Costs means all fees, costs, expenses, stamp, registration or transfer Taxes incurred by the Group in connection with the Acquisition.

  • Transaction Costs means all fees, costs and expenses incurred or payable by the Borrower or any Subsidiary in connection with the Transactions.

  • Collection Costs means an amount that the Municipality can charge with regard to the enforcement of a consumer’s monetary obligations;

  • Transition Costs means the reasonable costs and expenses (including reasonable attorneys’ fees but excluding overhead) incurred or payable by the Successor Servicer in connection with the transfer of servicing (whether due to termination, resignation or otherwise), including allowable compensation of employees and overhead costs incurred or payable in connection with the transfer of the Receivable Files or any amendment to the Sale and Servicing Agreement required in connection with the transfer of servicing.