Common use of Manner of Replacement Clause in Contracts

Manner of Replacement. If Purchaser accepts the Replacement Contract offered by Seller, Seller shall promptly deliver to Purchaser the Contract File related to the Replacement Contract, together with the documents required to be delivered pursuant to Section 2.5 hereof. Upon receipt by Purchaser of each of the foregoing (unless receipt of any is expressly waived by Purchaser), Purchaser shall promptly deliver to Seller the Contract to be replaced, the Contract File related to the Contract to be replaced and all other documents in the possession of Purchaser related to the Contract to be replaced.

Manner of Replacement. If Purchaser accepts the Replacement Contract offered by Seller, Seller shall promptly deliver to Purchaser the Contract File related to the Replacement Contract, together with the documents required to be delivered pursuant to Section 2.5 hereof. Upon receipt by Purchaser of each of the foregoing (unless receipt of any is expressly waived by Purchaser), Purchaser shall promptly deliver to Seller the Contract to be replaced, the Contract File related to the Contract to be replaced replaced, and all other documents in the possession of Purchaser related to the Contract to be replaced.