Costs of Sale definition

Costs of Sale means the following costs, but only to the extent Tenant actually incurred them in connection with a Sale: (a) reasonable (as determined by the Port in its reasonable discretion) brokerage commissions; (b) customary closing fees and costs, including title insurance premiums, survey fees, escrow fees, recording charges, and transfer taxes;
Costs of Sale has the meaning given to such term in Section 6.14.
Costs of Sale means customary costs incurred to sell the Restaurant Property inclusive of transfer taxes, recording costs, title costs, due diligence costs incurred by Developer under the purchase agreement, brokerage commissions and legal fees. The Developer may select a related party as the broker for such sale. The Expected Sales Price is the annual Base Rent (as defined in the Lease) on the day the purchase agreement for the Property is fully executed divided by 8.25%. For example, a Restaurant that cost $2,450,000 would be leased to Granite City at 9.5% of the cost, or $232,750 annually. The terminal cap rate of 8.25% would imply an Expected Sales Price of $2,821,212 (i.e. $232,750/8.25%). The excess of any sale price above $2,821,212 would be split 50/50 between United and Granite City. If, for example the building sold at a cap rate of 7.5% or $3,103,333 (i.e. $232,750/7.5%) then each party would split the excess profit of $282,121 (i.e. $3,103,333 - $2,821,212). Any loss on the sale of a property would be borne solely by Developer.

Examples of Costs of Sale in a sentence

  • If Tenant operates at multiple locations, then Port's Sale Participation will be calculated using only the Gross Sale Proceeds, Net Sale Proceeds, and Costs of Sale reasonably attributable to the Premises.

  • Except for Capital Proceeds, any and all revenues, payments, refunds, rebates, reimbursements and the like, of any kind or nature, received by the Company with respect to any of its assets in excess of Costs of Sale (collectively, “Net Proceeds”) shall be deposited directly into an account established by IHP (the “Collection Account”).

  • In addition to the Purchase Price, the Redeveloper shall pay the Costs of Sale incurred by the City and the Authority in connection with the transfer and sale of the Property pursuant to the Purchase Agreement and this Contract.

  • Excess Profit is defined as the amount of the sales price for the Property in excess of the sum of “Expected Sales Price” and Costs of Sale.

  • On the Closing Date (defined below), the Redeveloper shall pay to the Authority the Purchase Price and the Authority shall transfer the Purchase Price plus the City’s Costs of Sale, minus the Authority’s Costs of Sale and the Authority’s reasonable administrative costs, to be paid by the Redeveloper, to the City.

  • All Costs of Sale shall be borne by the Redeveloper, including but not limited to the cost of the Policy and costs to record this Contract and the Special Warranty Deed.

  • Direct Costs of Sale means any and all commissions and professional fees, including legal & accounting fees, directly attributable to the Sale.


More Definitions of Costs of Sale

Costs of Sale means, with respect to the sale of a Unit pursuant to a Sales Contract, the following: (i) Customary tax prorations, (ii) real estate brokerage commissions payable to any Person who is neither (A) employed by Borrower nor (B) engaged in on-site sales at the Development in which the Unit is located and (iii) reasonable and customary closing costs, including, without
Costs of Sale means the following Project Costs that are deducted from gross sales proceeds and are not available until the close of escrow for each Unit: outside broker fees, Warranty Reserve, actual closing costs as shown on a certified closing statement, other builder related fees approved by the Members and incentives or concessions to buyers approved by the Members. Disbursements from the Collection Account shall be made on the signatures of persons authorized by IHP.
Costs of Sale means (i) for purposes of Apartment Recapture without Sale as described in Section 4 hereof, one percent (1%) of the Imputed Sale Price, and (ii) for purposes of an Apartment Recapture upon Sale as described in Section 5 hereof, one percent (1%) of the Sale Price.
Costs of Sale means costs associated with conveyance of the Property to the Authority and conveyance of the Property to the Redeveloper and shall include charges of the Title Company (as defined in Section 4.01) for acting as a closing agent in the conveyances; recording any documents to clear title encumbrances; any policy of owner’s title insurance that the Authority or Redeveloper may obtain; and any other reasonable costs and expenses that the City or the Authority has incurred with respect to the conveyances, including, but not limited to, reasonable professional costs and expenses for legal, title, survey, appraisal, environmental, engineering, and other related or customary professional services performed in connection with the conveyances contemplated by the Purchase Agreement and this Contract.

Related to Costs of Sale

  • Costs of Reletting shall include all reasonable costs and expenses incurred by Landlord in reletting or attempting to relet the Premises, including, without limitation, legal fees, brokerage commissions, the cost of alterations and the value of other concessions or allowances granted to a new tenant.

  • Related Expenses means any and all costs, liabilities, and expenses (including, without limitation, losses, damages, penalties, claims, actions, reasonable attorney's fees, legal expenses, judgments, suits and disbursements) reasonably incurred by, or imposed upon, or asserted against, Lender in any attempt by Lender:

  • Excluded Expenses means any costs, fees or expenses of the Company or any Company Subsidiary arising out of or relating to any dispute with the Shareholder Representative or otherwise with respect to the terms of this Agreement.

  • Trust Fees and Expenses means all accrued and unpaid Trustees’ fees, any amounts due to the Trustees for reimbursement of expenses or in respect of indemnification and other administrative fees of the Trust.

  • Reasonable Additional Expenses means expenses for meals, taxi fares, essential telephone calls, local transportation, and lodging which are necessarily incurred as the result of Trip Delay and which are not provided by the Common Carrier or any other party free of charge.