Common use of Buyer Required to Deliver Clause in Contracts

Buyer Required to Deliver. On or before the Close of Escrow, Buyer shall deliver to the Title Company the following: (a) the balance of the Purchase Price in the form set forth in Section 2, above; (b) two duly executed counterparts of the Assignment and Assumption of Leases and other Intangible Property in the form attached hereto as Exhibit “D”; (c) such evidence as the Title Company may reasonably require as to the authority of the person or persons executing documents on behalf of Buyer; (d) written notices to all tenants signed by Buyer, confirming the sale, specifying the amount of the security deposit for each tenant, and otherwise complying with the tenant notice requirements of Section 93.007(b) of the Texas Property Code (the “Tenant Notices”); (e) a duly executed copy of the closing statement previously prepared and delivered by Title Company to Seller and Buyer (the “Closing Statement”). Buyer and Seller shall cooperate with Title Company to prepare the final closing statement; and (f) such additional documents as shall be reasonably required to consummate the transaction contemplated by this Agreement.

Appears in 4 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Universal Health Realty Income Trust), Purchase and Sale Agreement (Universal Health Realty Income Trust)

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