Common use of Memorandum of Contract Clause in Contracts

Memorandum of Contract. Upon request of either party, the parties shall execute a memorandum of contract in recordable form setting forth such provisions hereof (other than the Purchase Price and other sums due) as either party may wish to incorporate. Such memorandum of contract shall contain a statement that it automatically terminates and the property is released from any effect thereby as of a specific date to be stated in the memorandum (which specific date shall be no later than the Closing Date). The cost of recording such memorandum of contract shall be borne by the party requesting same.

Memorandum of Contract. Upon request of by either party, the parties hereto shall execute a memorandum of contract in recordable form setting forth such provisions hereof (other than the Purchase Price and other sums due) as either party may wish to incorporate. Such memorandum of contract shall contain a statement that it automatically terminates and the property Property is released from any effect thereby as of a specific date to be stated in the memorandum (which specific date shall be no later than the Closing Datedate of Closing). The cost of recording such memorandum of contract shall be borne by the party requesting execution of same.

Memorandum of Contract. Upon request of being required by either party, the parties hereto shall execute a memorandum of contract in recordable form setting forth such provisions hereof (other than the Purchase Price and other sums due) as either party may wish to incorporate. Such memorandum of contract shall contain a statement that it automatically terminates and the property Property is released from any effect thereby as of a specific date to be stated in the memorandum (which specific date shall be no later than the Closing Datedate of Closing). The cost of recording such memorandum of contract shall be borne by the party requesting execution of same.