Laserfiche WebLink
69.15. Closing Costs. Lessor shall pay for (a) all premiums for the AL TA standard coverage <br />portion of the Title Policy, (b) one-half(½) of all Escrow fees and costs, (c) all sales and <br />gross receipts taxes, (d) all documentary transfer and/or stamp taxes, if any, and (e) <br />Lessor's share of prorations, if any. Lessee shall pay for (i) all premiums for the AL TA <br />extended coverage portion of the Title Policy and any endorsements requested by Lessee, <br />(ii)all costs relating to the survey and all reports, studies, inspections, investigations and <br />all other costs and expenses incurred by Lessee in connection with its review of any <br />materials, documents, materials, the Premises and other such due diligence conducted by <br />Lessee, (iii) any document recording fees and charges, (iv) one-half(½) of all Escrow <br />fees and costs, and (v) Lessee's share of prorations, if any. Lessor and Lessee shall each <br />pay for all of its respective legal and professional fees and fees of other consultants <br />incurred by such respective party, and if Lessee shall finance any of the Purchase Price, <br />Lessee shall pay all costs and expenses incurred or arising in connection with such <br />financing. All other normal and customary closing costs and expenses shall, except as <br />otherwise herein set forth, be allocated between Lessor and Lessee in accordance with the <br />customary practice in the County in which the Project is situated. <br />69.16. Purchase Option Assignment. The Purchase Option is personal to Lessee and may not be <br />assigned in whole or in part at any time. Notwithstanding the foregoing, Lessee may <br />assign the Purchase Option to any other governmental entity approved by the City to <br />whom this Lease is assigned as set forth in Section 60 herein above. <br />(remainder of page left intentionally blank) <br />18 <br />12926447.1 <br />EXHIBIT 1