Common use of Preparation of Closing Documents Clause in Contracts

Preparation of Closing Documents. The Purchaser shall cause its solicitors to prepare and present to the Vendor’s Solicitors for execution by the Vendor at least five Business Days prior to the Closing Date, the following documents (the “Closing Documents”): (a) registrable transfer (“Transfer”) for the Property conveying the legal and beneficial ownership in the Property to the Purchaser or to its nominee as the Purchaser shall direct in writing, subject to compliance by the Purchaser with Section 11.9 hereof; (b) assignment of Leases in such form as the Purchaser’s Solicitors shall request acting reasonably; (c) the Vendor’s statement of adjustments; (d) assignment of any warranties and guarantees relating to the Property; and (e) a mutual undertaking of the Vendor and the Purchaser to adjust any errors or omissions in the Statements of Adjustments.