Common use of Additional Title Documents Clause in Contracts

Additional Title Documents. The Receiver, the Corporation and the Assuming Bank each agree, at any time, and from time to time, upon the request of any party hereto, to execute and deliver such additional instruments and documents of conveyance as shall be reasonably necessary to vest in the appropriate party its full legal or equitable title in and to the property transferred pursuant to this Agreement or to be transferred in accordance herewith. The Assuming Bank shall prepare such instruments and documents of conveyance (in form and substance satisfactory to the Receiver) as shall be necessary to vest title to the Assets in the Assuming Bank. The Assuming Bank shall be responsible for recording such instruments and documents of conveyance at its own expense. In furtherance of the foregoing, the Receiver shall execute and deliver to the Assuming Bank a Limited Power of Attorney in substantially the form commonly used by the Receiver to facilitate the execution and delivery on behalf of the Receiver of instruments of transfer and conveyance in purchase and assumption transactions within a reasonable time period after bank closing but not to exceed 14 business days from date of bank closing.

Additional Title Documents. The Receiver, the Corporation and the Assuming Bank each agree, at any time, and from time to time, upon the request of any party hereto, to execute and deliver such additional instruments and documents of conveyance as shall be reasonably necessary to vest in the appropriate party its full legal or equitable title in and to the property transferred pursuant to this Agreement or to be transferred in accordance herewith. The Assuming Bank shall prepare such instruments and documents of conveyance (in form and substance satisfactory to the Receiver) as shall be necessary to vest title to the Assets in the Assuming Bank. The Assuming Bank shall be responsible for recording such instruments and documents of conveyance at its own expense. In furtherance of the foregoing, the Receiver shall execute and deliver to the Assuming Bank a Limited Power of Attorney in substantially the form commonly used by the Receiver to facilitate the execution and delivery on behalf of the Receiver of instruments of transfer and conveyance in purchase and assumption transactions within a reasonable time period after bank closing but not to exceed 14 business days fourteen (14) Business Days from date of bank closingBank Closing.