Common use of Recording of Instruments of Assignment Clause in Contracts

Recording of Instruments of Assignment. (a) No later than ten (10) Business Days following the Closing Date, Purchaser shall have recorded all deeds relating to the Real Property. (b) No later than six (6) months following the Closing Date, Purchaser shall have recorded all other instruments required, necessary or reasonably desirable to evidence the acquisition, assignment and assumption of the Purchased Assets and the Assumed Liabilities, including, without limitation, all assignments of mortgage, financing statements, and security agreements relating to the Loans.

Appears in 3 contracts

Samples: Purchase and Assumption Agreement (Enterprise Bancorp Inc /Ma/), Purchase and Assumption Agreement (Independent Bank Corp), Purchase and Assumption Agreement (Independent Bank Corp)

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Recording of Instruments of Assignment. (a) No later than ten (10) Business Days following the Closing Date, Purchaser shall have recorded in all appropriate recording offices all deeds relating to the Real Property. (b) No later than six (6) months following the Closing Date, Purchaser shall have recorded all other instruments required, necessary or reasonably desirable to evidence the acquisition, assignment and assumption of the Purchased Assets and the Assumed LiabilitiesLiabilities by Purchaser, including, without limitation, all assignments of mortgage, financing statements, and security agreements relating to the Loans.

Appears in 2 contracts

Samples: Purchase and Assumption Agreement (Community Bank System Inc), Purchase and Assumption Agreement (Old National Bancorp /In/)

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Recording of Instruments of Assignment. (a) No later than ten (10) Business Days following the Closing Date, Purchaser shall have recorded all deeds relating to the Real Property. (b) No later than six (6) months following the Closing Date, Purchaser shall have recorded all other instruments required, necessary or reasonably desirable to evidence the acquisition, assignment and assumption of the Purchased Assets and the Assumed Liabilities, including, without limitation, all assignments of mortgage, financing statements, and security agreements relating to the Loans.

Appears in 1 contract

Samples: Purchase and Assumption Agreement (Sovereign Bancorp Inc)

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