Execution and Recording of Documents Clause Samples

Execution and Recording of Documents. Borrowers and Guarantors, as applicable, have executed any and all documents necessary to effectuate this Agreement or otherwise reasonably required by Administrative Agent, including, without limitation, the documents described on Exhibit A attached hereto, which documents shall be considered part of the Loan Documents.

Execution and Recording of Documents. (a) Upon City's determination that the proposed Transfer is a Permitted Transfer in accordance with Section 4 of this Covenant, City shall acknowledge and deliver to the Permitted Transferee the Permitted Transferee Assignment and Assumption Agreement in recordable form. The Permitted Transferee and Homeowner shall thereafter execute the Permitted Transferee Assignment and Assumption Agreement. At the time of Transfer, such as the close of escrow or closing of an estate, the Permitted Transferee shall record or cause to be recorded in the Official Records for Orange County the Permitted Transferee Assignment and Assumption Agreement. The Permitted Transferee, upon completion of the Transfer, shall deliver to City a conformed copy of the recorded Permitted Transferee Assignment and Assumption Agreement, and shall deliver to City the fully executed original(s). (b) Notwithstanding the provisions in Section 4.4(a) above, in the event that City determines, in its reasonable discretion, that any of the Attachments to this Covenant must be executed by a Permitted Transferee (and City, if appropriate) in order to preserve the affordability covenants and rights of the City and obligations of the owner of the Affordable Unit, then the Permitted Transferee (and City, if appropriate) shall execute originals of any said Attachment or Attachments to this Covenant in lieu of an assignment and assumption of said Attachment pursuant to Section 4.4(a) above. By way of explanation of the foregoing, City may require in its reasonable discretion that a Permitted Transferee shall execute a new Affordable Housing Option Agreement, Reimbursement Agreement, and Affordable Housing Deed of Trust, in lieu of having the Permitted Transferee assume said Attachments that were executed by Homeowner. In the event that City requires the Permitted Transferee to execute any Attachment or Attachments pursuant to this subsection (b), Permitted Transferee (and City, if appropriate) shall execute the same prior to the time of Transfer, such as the close of escrow or closing of an estate, and the Permitted Transferee shall record or cause to be recorded any of said Attachments that are in recordable form. The Permitted Transferee, upon completion of the Transfer, shall deliver to City the originally executed copies, and conformed copies of any said Attachments recorded.

Execution and Recording of Documents. Developer shall have duly executed and delivered to Escrow Agent the Authority Promissory Note, Authority Deed of Trust, Regulatory Agreement, Ground Lease, Memorandum of Ground Lease, Notice of Affordability Restrictions, Request for Notice, the Phase II Amended and Restated Joint Use Agreement, the Phase II Reciprocal Easement Agreement and any other documents required hereunder for Phase II, and such documents shall be ready for and meet all conditions to the Closing pursuant to the requirements of this Agreement. The Authority Deed of Trust, Regulatory Agreement, Memorandum of Ground Lease, Notice of Affordability Restrictions and Request for Notice shall be ready to record in the Official Records at Closing.

Execution and Recording of Documents. Authority shall have duly executed and delivered to Escrow Agent the Grant Deed, Ground Lease, Memorandum of Ground Lease, Notice of Affordability Restrictions, Request for Notice, and any other documents required hereunder for Phase II, and such documents shall be ready for and meet all conditions to the Closing pursuant to the requirements of this Agreement. The Grant Deed, Memorandum of Ground Lease, Notice of Affordability Restrictions and Request for Notice, shall be ready to record in the Official Records at Closing.

Execution and Recording of Documents. Developer shall have duly executed and delivered to Escrow Agent the Authority Promissory Note, Authority Deed of Trust, Regulatory Agreement, Ground Lease, Memorandum of Ground Lease, Notice of Affordability Restrictions, Request for Notice, and any other documents required hereunder for Phase I, and such documents shall be ready for and meet all conditions to the Closing pursuant to the requirements of this Agreement. The Authority Deed of Trust, Regulatory Agreement, Memorandum of Ground Lease, Notice of Affordability Restrictions and Request for Notice, shall be ready to record in the Official Records at Closing.

Execution and Recording of Documents. Developer shall have duly executed and delivered to Escrow Agent the Authority Promissory Note, Authority Deed of Trust, Regulatory Agreement, Ground Lease, Memorandum of Ground Lease, Memorandum of Agreement, Notice of Affordability Restrictions, Request for Notice, City Covenants, REA, Parcel Map, and any other documents required hereunder for the applicable Project, and such documents shall be ready for and meet all conditions to the Closing pursuant to the requirements of this Agreement, including any Implementation Agreement(s). The Authority Deed of Trust, Regulatory Agreement, Memorandum of Ground Lease, Memorandum of Agreement, Notice of Affordability Restrictions, Request for Notice, and City Covenants, shall be ready to record in the Official Records at Closing.

Execution and Recording of Documents. Developer shall have duly executed and delivered to Agency the Amended and Restated Promissory Note, Modification to Agency Loan Deed of Trust, Request for Notice, and any other documents required by this Amendment. The Modification to Agency Loan Deed of Trust and Request for Notice shall be ready to record against the Site in the official records of Orange County, California concurrently with the MHP Closing.