Registration and Other Costs. 4.1 The Purchaser shall be responsible for and pay any land transfer taxes payable on the transfer of the Property, all registration fees payable in respect of registration by it of any documents on Closing (other than discharges of encumbrances which are required to be made by the Vendor, which shall be the responsibility of the Vendor) and all federal and provincial sales and other taxes payable by a purchaser upon or in connection with the conveyance or transfer of the Property. If the Purchaser does not or cannot execute and deliver the HST Declaration and Indemnity, it shall pay to the Vendor all HST applicable to the Purchase Price.
Registration and Other Costs. (a) The Vendor and the Purchaser shall be responsible for the costs of the Vendor’s Solicitors and the Purchaser’s Solicitors, respectively, in respect of the Transaction.
Registration and Other Costs. The Vendor and the Purchaser shall be responsible for the costs of the Vendor's Solicitors and the Purchaser's Solicitors, respectively, in respect of this transaction. The Vendor shall be responsible for and shall pay for all registration fees payable in connection with the registration of discharges of any Liens and other encumbrances which the Vendor is required to discharge hereunder. The Purchaser shall be responsible for all land transfer tax and costs of registration of any other documents.
Registration and Other Costs. The Optionor and Optionee shall each be responsible for the costs of their respective solicitors. The Optionee shall be responsible for and pay all land transfer tax payable on the transfer of the Assets to the Optionee. The Optionee shall be responsible for and pay all registration fees payable in connection with the registration of the transfer. Any other Closing costs not mentioned specifically herein shall be paid in accordance with the local custom for commercial real estate transactions.
Registration and Other Costs. The Vendor and the Purchaser shall each be responsible for the costs of their respective solicitors. The Purchaser shall be responsible for and pay all land transfer taxes payable on the transfer of the Property to the Purchaser, all registration fees payable in connection with the registration of the deeds or transfers or other documents or instruments referred to in Sections 8.1 and 8.2. The Purchaser shall be responsible for any title insurance and title endorsements obtained in connection with this transaction.
Registration and Other Costs. (a) The Vendor and the Purchaser shall be responsible for the costs of the Vendor’s Solicitors and the Purchaser’s Solicitors, respectively, in respect of the Transaction. The Purchaser shall be responsible for and pay, in addition to the Purchase Price, any land transfer taxes payable on the transfer of the Subject Assets, all registration fees payable in respect of registration by it of any documents on Closing and all federal and provincial sales and other taxes, if any, payable by a purchaser upon or in connection with the conveyance or transfer of the Subject Assets, including provincial retail sales tax and goods and services tax.
Registration and Other Costs. The Vendor and the Purchaser shall be responsible for the costs of the Vendor’s Solicitors and the Purchaser’s Solicitors, respectively, in respect of this Agreement and the Transaction. The Purchaser shall be responsible for and shall pay, in addition to the Purchase Price, the land transfer tax payable on registration of the Transfer, all registration fees payable in respect of registration by it of any documents on Closing, and all federal and provincial sales taxes payable in respect of the transfer of the Hotel Assets to the Purchaser. The Vendor and the Purchaser hereby agree to jointly execute and deliver, and the Purchaser hereby agrees to file, an election (which shall be in the prescribed form and shall be filed by the Purchaser within the prescribed time therefor) under subsection 167(1.1) of the Excise Tax Act (Canada) in respect of the transfer by the Vendor of the Hotel Assets so that no taxes are payable on Closing in respect of such transfer under such Act. Notwithstanding anything to the contrary in this Agreement, the Purchaser shall indemnify and hold the Vendor harmless in respect of any HST, penalties, interest and other amounts which may be assessed against the Vendor as a result of: (i) the Transaction not being eligible for such election; (ii) the Purchaser’s failure to file the election within the prescribed time; (iii) such election otherwise not being valid; or (iv) a breach of the representation and warranty in Section 6.2(d). The Vendor and the Purchaser hereby agree to elect, if applicable, jointly under subsection 20(24) of the Income Tax Act (Canada) and any equivalent or corresponding provision under any applicable provisional or territorial tax legislation, in the prescribed form and within the prescribed time therefor, to have the rules in subsection 20(24) of the Income Tax Act (Canada) (or such equivalent or corresponding provision) apply to the amounts credited to the Purchaser under Section 3.3(c)(ii) and to the assumption by the Purchaser of any other obligations in respect of which an election can be made. The indemnities set out in this Section 5.4 shall survive and shall not merge on Closing.
Registration and Other Costs. The Optionee will pay any property transfer tax payable on the transfer of the Property, all registration fees in respect of registration by it of documents on Closing, including any Optionee’s mortgage, and all federal and provincial sales and other taxes payable by a purchaser upon or in connection with the conveyance or transfer of the Purchased Assets, including GST, and provincial sales tax. The Optionee shall also be responsible for Optionor’s solicitors legal fees and shall make such payment on the Closing Date in the same manner as the Purchase Price.
Registration and Other Costs. (a) The Vendor and the Purchaser shall be responsible for the costs of the Vendor’s Solicitors and the Purchaser’s Solicitors, respectively, in respect of the Transaction. The Purchaser shall be responsible for and pay, in addition to the Purchase Price, all registration taxes, fees and other costs payable in respect of registration by it of any documents on Closing (including Transfer Documents) and all federal and provincial sales and other taxes payable by a purchaser upon or in connection with the conveyance or transfer of the Subject Assets, including provincial retail sales tax and goods and services tax. The Vendor shall be responsible for the costs of preparing and registering any discharges of Encumbrances with respect to the Subject Assets which are not Permitted Encumbrances.
Registration and Other Costs. The Vendor shall be responsible for the costs of the Vendor’s Solicitor in respect of this transaction. The Purchaser shall be responsible for the costs of the Purchaser’s Solicitors in respect of this transaction. The Purchaser shall be responsible for and pay any land transfer taxes or deed transfer taxes payable on the transfer of the Purchased Assets, all registration fees payable in respect of registration by it of any documents on Closing (other than discharges of Encumbrances which are required to be made by the Vendor, which shall be the responsibility of the Vendor) and all federal and provincial sales and other taxes payable by a purchaser upon or in connection with the conveyance or transfer of the Property, including HST pursuant to the Excise Tax Act (Canada). Without limiting the generality of the foregoing, the Purchaser acknowledges that in the event any HST is exigible in connection with the transaction contemplated herein, such HST shall be in addition to the Purchase Price. The Purchaser and Vendor acknowledge and agree that the Purchaser shall not be required to pay, or the Vendor to collect and remit, any HST exigible in connection with this transaction provided that the Purchaser on Closing, provides to the Vendor the HST Undertaking and Indemnity. This Section 5.4 shall survive and not merge on Closing.
