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Closing Costs
Closing Costs contract clause examples

Closing Costs. Except as otherwise expressly provided herein, Seller shall pay at the

Closing Costs. At Closing, Seller and Purchaser shall pay the costs of closing the transaction contemplated hereby as provided on [Schedule 1] attached hereto. At Closing, Seller and Purchaser shall each pay one-half of any escrow fees. Each party shall pay its own attorneys’ fees.

Closing Costs. In accordance with local custom, Seller shall pay the cost of the documentary/revenue stamps, state and county documentary transfer stamps associated with the recordation of the Deed, the so-called “CTA” portion of the transfer taxes assessed by the City of Chicago (at the rate of $1.50/$500), the cost of the Title Commitment and the base premium for the Title Policy, including title examination fees related thereto and any updates to the Title Commitment, the attorneys’ fees of Seller, the cost of obtaining and recording any curative title instruments for Title Defects, which Seller is obligated or elects to cure hereunder, and all other costs and expenses incurred by Seller in closing and consummating the purchase and sale of the Property pursuant hereto. Purchaser shall pay the cost of the Survey, all recording fees on all instruments to be recorded in connection with this transaction (except any curative title instruments), the so-called “City” portion of the transfer taxes assessed by the City of Chicago (at the rate of $3.75/$500), the cost of any endorsements to the Title Policy and any extended coverage, the cost of any loan policy of title insurance and endorsements thereto, documentary stamps and intangible taxes with respect to any loan obtained by Purchaser, the attorneys’ fees of Purchaser, and all other costs and expenses incurred by Purchaser in the performance of Purchaser’s due diligence inspection of the Property and in closing and consummating the purchase and sale of the Property pursuant hereto.

Closing Costs. The cost of any endorsements to the Title Policy (to the extent available) required to be delivered hereunder shall be paid by Buyer. The cost of any documentary transfer taxes (however characterized) (“Transfer Taxes”) shall be paid by the Buyer. The cost of recording and registering the Deed shall be paid by Buyer, and Seller shall pay the cost of recording any instruments required to remove title exceptions which are not Permitted Exceptions and which Seller has agreed to remove pursuant to Section 5.2. Buyer shall be responsible for payment of any survey costs and expenses incurred by Buyer in connection with its due diligence investigations of the Property. Buyer shall pay the loan assumption fee payable to Lender of Two Hundred Nineteen Thousand Three Hundred and 00/100 Dollars ($219,300.00) (the “Loan Assumption Fee”) in connection with Buyer’s assumption of the Loan. All other costs related to the Loan Assumption, including Lender imposed review fees, legal fees and costs, and any taxes, including but not limited to transfer tax, documentary stamp tax or recordation taxes related to a mortgage assumption (the “Other Loan Assumption Costs”), shall be paid by Buyer. All costs of preparation, issuance and delivery of the title commitment and the Title Policy premium shall be paid by Seller. Seller and Buyer shall pay equal shares of the fee charged by the Title Company for conducting the escrow closing.

Closing Costs. Purchaser shall pay, on the Closing Date, # one-half of any escrow fees and other customary charges of the Title Company, # all recording costs relating to the Deed, # all title insurance costs relating to coverage desired by Purchaser in excess of the “Base Policy” (as defined below), including the cost of endorsements and lender’s policies, and # the fees of Purchaser’s counsel. Seller shall pay, on the Closing Date, # one-half of any escrow fees and other customary charges of the Title Company, # the basic premium for a standard form, T-1 Texas Owner’s Policy of Title Insurance, in the amount of the Purchase Price, issued pursuant to the Title Commitment (the “Base Policy”), # the cost of the Survey # the costs of recording all mortgage cancellations, and # the fees of Seller’s counsel.

Closing Costs. Assignors and Assignee shall each pay for their own attorneys’ fees incurred in connection with this Agreement and the transactions contemplated hereby. If and when Closing occurs, Assignors and Assignee shall each be responsible for fifty percent (50%) of all escrow and transaction fees charged by the Title Company in connection with the escrow and the assignment contemplated hereby; provided, however that after the expiration of the Broadstone DDP, Assignors and Assignee shall each be responsible for fifty percent (50%) of all reasonable escrow fees charged by the Title Company in connection with the separate escrow established in connection with this transaction. Assignors (or the applicable Seller under the Purchase Agreements) shall be responsible for the cost of the standard coverage portion of Assignee’s owner’s policies of the Title Policies. If and when Closing occurs, Assignee shall be responsible for # the cost of any extended coverage and any endorsements to the Title Policies and # the cost of the Third Party Reports. Assignee shall be responsible for all other due diligence materials or analyses ordered or performed by Assignee. All other fees and expenses related to the proposed assignment, to the extent not expressly apportioned elsewhere in this Agreement, shall be allocated between Assignors and Assignee in accordance with local market custom, and if there is no clear local market custom, such charges shall be split evenly between the parties.

Closing Costs. The following costs of Closing shall be allocated between LD 13 and OpCo as follows:

Closing; Additional Closing Costs. Subject to the satisfaction or waiver of the conditions precedent described herein, the closing of the purchase and sale of the Property (the “Closing”), shall occur on or before fifteen (15) days after Due Diligence Period expires (the “Closing Date”). The Closing shall take place at, by and through the offices of the Title Company or through Seller’s counsel, as agent for the Title Company, and may be conducted as a “mail-away” closing. In addition to the closing costs to be paid by the parties as set forth in the Vacant Land Contract, Seller and Buyer agree that at Closing each party shall pay one-half of the cost of the Appraisal, and one-half of the fees and costs incurred by Seller in having this related transaction evaluated by legal counsel for compliance with Seller’s bylaws and applicable laws, rules and regulations.

Seller Closing Costs. Seller shall be charged with the following items, all of which shall be paid by Seller at the Closing, and if and only if the Closing occurs: ​.

Purchaser Closing Costs. Purchaser shall be charged with the following items in addition to the Purchase Price payable to Seller at Closing: # fees and expenses of Purchaser’s counsel: ​.

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