Completion and Distribution of Documents. Escrow Holder shall also undertake the following at or promptly after the Close of Escrow:
6.7.1 If necessary, Escrow Holder is authorized and instructed to insert the Closing Date as the date of any documents conveying or terminating interests herein or to become operative as of the Closing Date.
6.7.2 Cause the Deed and any other recordable instrument which the parties so direct to be recorded in the appropriate land records office where the Property is located. If permitted by applicable law, Escrow Holder is hereby instructed not to affix the amount of any Transaction Tax on the face of the Deed but to pay on the basis of a separate affidavit signed by either Seller or Buyer, as applicable, and not made a part of the public record; and
6.7.3 Cause each non-recorded document to be delivered to the party acquiring rights thereunder, or for whose benefit such document was obtained.
Completion and Distribution of Documents. Escrow Holder shall also undertake the following at or promptly after the Close of Escrow:
6.7.1 If necessary, Escrow Holder is authorized and instructed to insert the Closing Date as the date of any documents conveying or terminating interests herein or to become operative as of the Closing Date.
6.7.2 Cause each Deed, any Memorandum of Termination, and any other recordable instrument which the parties so direct to be recorded in the appropriate land records office where the respective Property is located, and if necessary, the parties will re-execute post-Closing any Memorandum of Termination to allow it to be recorded, such obligation to survive the Closing hereunder. If permitted by applicable law, Escrow Holder is hereby instructed not to affix the amount of any Transaction Tax on the face of any Deed but to pay on the basis of a separate affidavit signed by either the applicable Seller or Buyer, as applicable, and not made a part of the public record; and
6.7.3 Cause each non-recorded document to be delivered to the party acquiring rights thereunder, or for whose benefit such document was obtained.
Completion and Distribution of Documents. Escrow Holder shall also undertake the following at or promptly after the Close of Escrow:
6.7.1 If necessary, Escrow Holder is authorized and instructed to insert the date Escrow closes as the date of any documents conveying or terminating interests herein or to become operative as of the Closing Date.
6.7.2 Cause each Deed and any other recordable instrument which the parties so direct to be recorded in the appropriate land records office where the respective property is located; and
6.7.3 Cause each non-recorded document to be delivered to the party acquiring rights thereunder, or for whose benefit such document was obtained.
Completion and Distribution of Documents. 16 6.9 Seller's Election of 1031 Exchange............................................................. 17 6.9.1
Completion and Distribution of Documents. Escrow Holder shall also undertake the following at or promptly after the Close of Escrow:
6.8.1 Determine the documentary transfer tax based upon the Purchase Price and complete the documentary transfer tax statement.
6.8.2 If necessary, Escrow Holder is authorized and instructed to insert the date Escrow closes as the date of any documents conveying or terminating interests herein or to become operative as of the Closing Date (including the Mutual Cancellation, Personal Property Assignment, Development Agreement Assignment and Full Reconveyance). Compile completely executed (and acknowledged, if required) copies of the Mutual Cancellation, Personal Property Assignment and Development Agreement Assignment, if delivered in partially executed and acknowledged counterparts.
