At Settlement Sample Clauses
The "At settlement" clause defines the actions, obligations, and procedures that must occur at the time when the transaction is finalized and ownership or rights are transferred. Typically, this clause outlines the delivery of documents, payment of the purchase price, and the transfer of possession or title to the buyer. It ensures that both parties fulfill their respective duties simultaneously, thereby reducing the risk of non-performance and providing a clear framework for the completion of the transaction.
At Settlement. (a) the purchaser must pay the balance; and
(b) the vendor must:
(i) do all things necessary to enable the purchaser to become the registered proprietor of the land; and
(ii) give either vacant possession or receipt of rents and profits in accordance with the particulars of sale.
At Settlement. Seller agrees to pay for a standard-coverage owner's policy of title insurance insuring Buyer in the amount of the Purchase Price.
At Settlement the Buyer must give the Seller, in exchange for the Bank Guarantee, bank cheques totalling the amount secured by the Bank Guarantee. The bank cheques must be payable as directed by the Seller and must be provided at the same time the Buyer pays the Balance Purchase Price.
At Settlement. Eligible Buyer will provide one hundred (100%) percent of the closing costs and prepaids.
At Settlement. ▇▇▇▇▇▇ agrees to pay for a standard-coverage owner’s policy of title insurance insuring Buyer in the amount of the Purchase Price. The title policy shall conform with Seller’s obligations under Section 10.1 and with the Commitment for Title Insurance as agreed to by Buyer under Section 8.
At Settlement the Buyer shall pay Seller, in cash or by certified, cashier's, treasurer or title company check, or by wire transfer, the Purchase Price determined for the Property.
At Settlement. Sellers shall deliver to Buyers duly executed originals and all other documents as reasonably may be required to consummate this transaction in accordance with this Agreement.
At Settlement. Seller shall deliver or caused to be delivered to Buyer duly executed originals of the following:
(i) A Special Warranty Deed duly executed and acknowledged by Seller and in proper form for recording (the "Deed");
(ii) A valid bill of sale for the Personal Property as listed on Ex▇▇▇▇t "G";
(iii) An assignment in form and substance mutually satisfactory to Seller and Buyer, duly executed by Seller, assigning to Buyer all of Seller's right, title, and interest in and to (A) any and all guaranties and warranties, if any, pertaining to the Property; and (B) any permits, licenses, plans authorizations, approvals relating to ownership, operation, or occupancy of the Property;
(iv) Originals or copies, if available, of the following instruments, all certified by Seller as true and correct to the best knowledge of Seller:
(A) All certificates of occupancy (and any required governmental approvals in connection with the transfer of the Property), licenses, plans, permits, authorizations, and approvals required by law and issued by all governmental authorities having jurisdiction over the Property
(B) All building records in Seller's possession or control with respect to the Property;
(C) Each bill of current real estate taxes, sewer charges and assessments, water charges, and other utilities; and
(D) All assigned guarantees and warranties;
(v) Except for any keys required to access Seller's leased space in which event copies of keys will be provided to Buyer, all keys and combinations to locks at the Property, all plans, specifications, as-built drawings, surveys, site plans, equipment manual, technical data, and other documentation relating to the building systems, equipment, and any other personal property forming part of the Property or any portion thereof in possession of Seller or any property manager(s);
(vi) An affidavit of title in favor of Buyer and Buyer's title insurer in the form used by such title insurance company;
(vii) A letter from the Township or other local governing body confirming the present zoning of the Property and stating that there are on outstanding violations of laws, ordinances, or regulations issued against the Property, and otherwise in the form of Exhibit "E" attached hereto;
(viii) Such other documents as reasonably may be required to consummate this transaction accordance with this Agreement. Unless all of the foregoing conditions contained in this Paragraph 7 are satisfied within the time period specified, or if no time period is...
At Settlement. Purchaser shall pay the Total Purchase Price for the Unit, and upon receipt thereof, Seller shall deliver the deed for the Unit. Purchaser shall be entitled to occupy and have possession of the Unit, from and after Settlement. Purchaser shall pay at Settlement all settlement costs not previously paid, including, without limitation, credit report fee, lender's appraisal fee, District of Columbia Real Property Recordation Tax (1.1% if under $400,000 and 1.45% if over $400,000, or the then current rate in effect in the District of Columbia), document recordation charges, fees for title examination, preparation of all documents of conveyancing and all mortgage instruments, settlement fees, notary fees, and fees for mortgagee's title insurance, private mortgage insurance premiums, if any, any loan origination, discount or similar fees, and fees for owners title insurance (if obtained) and other charges in the nature of prepaid expenses, escrows for taxes and the like. Purchaser shall also pay all Condominium assessments and initial capital contribution, as set forth in Paragraphs 5 and 7.4 respectively, due at Settlement. Seller will pay the D.C. Transfer Tax (1.1% if under $400,000 and 1.45% if over $400,000, or the then current rate in effect in the District of Columbia). Purchaser shall notify Seller in writing not less than fifteen (15) days prior to the projected date of Settlement of its selection of settlement company or settlement attorney. Seller’s designated settlement company is LP Title, LLC. LP Title, LLC can be contacted at the following: LP TITLE, LLC ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇., ▇.▇., ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇▇, ▇.▇. ▇▇▇▇▇ Tel: ▇▇▇-▇▇▇-▇▇▇▇ Fax: ▇▇▇-▇▇▇-▇▇▇▇ Pre-Processor: ▇▇▇▇▇ ▇▇▇▇▇▇ (▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇) Processor: ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ (▇▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇)
At Settlement. Buyer shall pay all settlement charges, including title insurance premiums, recording and acknowledgment fees, fire insurance premiums, mortgagee service charges and escrow account items, credit report and appraisal fees, reserves for taxes and insurance, conveyancing and recording charges and notary fees. Homeowner’s Association assessments, water and sewer rent and any other apportionable assessments or utilities shall be apportioned pro rata as of the Settlement Date. Real estate taxes shall be pro rated on the basis of the last ascertainable tax ▇▇▇▇ and. Notwithstanding the foregoing, Seller reserves the right to cause real estate taxes to be pro rated on an estimated assessment for the Unit as reasonably determined by Seller. The provisions of this paragraph shall survive Settlement and acceptance of the deed.