Common use of UCC-1 Assignment and Other Documents Clause in Contracts

UCC-1 Assignment and Other Documents. (a) Seller shall use its reasonable best efforts to deliver to Purchaser at the Closing all signed UCC-1 financing statements and UCC-3 assignments of financing statements, endorsed notes, participations, assignments of mortgages in recordable form and all other documentation necessary to effect the assignment of the Purchased Loans (including all related collateral) and the Assumed Letters of Credit to Purchaser. The out-of-pocket costs and expenses (excluding internal labor costs and overhead expenses) of preparing and filing any such documentation shall be split equally between Seller and Purchaser.

UCC-1 Assignment and Other Documents. (a) Seller shall use its commercially reasonable best efforts to deliver to Purchaser at the Closing all signed UCC-1 financing statements and UCC-3 assignments of financing statements, endorsed notes, participations, assignments of mortgages mortgagees in recordable form and all other documentation necessary to effect the assignment of the Purchased Loans (including all related collateral) and the Assumed Letters of Credit that are Purchased Assets to Purchaser. The out-of-pocket pocket-costs and expenses (excluding internal labor costs and overhead expenses) of preparing and filing any such documentation shall be split equally between Seller and Purchaser.

UCC-1 Assignment and Other Documents. (a) Seller shall use its reasonable best efforts to deliver to Purchaser at the each Closing all signed UCC-1 financing statements and UCC-3 assignments of financing statements, endorsed notes, participations, assignments of mortgages in recordable form and all other documentation necessary to effect the assignment of the Purchased Loans (including all related collateral) and the Assumed Letters of Credit to PurchaserPurchaser relevant on such Closing Date. The out-of-pocket costs and expenses (excluding internal labor costs and overhead expenses) of preparing and filing any such documentation shall be split equally between Seller and Purchaser.

UCC-1 Assignment and Other Documents. (a) Seller shall use its commercially reasonable best efforts to deliver to Purchaser at the Closing all signed UCC-1 financing statements and UCC-3 assignments of financing statements, endorsed notes, participations, assignments of mortgages in recordable form and all other documentation necessary to effect the assignment of the Purchased Loans (including all related collateral) and the Assumed Letters of Credit to Purchaser. The out-of-pocket costs and expenses (excluding internal labor costs and overhead expenses) of preparing and filing any such documentation shall be split equally between Seller and Purchaser.. Table of Contents

UCC-1 Assignment and Other Documents. (a) Seller shall use its reasonable best efforts to deliver to Purchaser at the Closing all signed UCC-1 financing statements and UCC-3 assignments of financing statements, endorsed notes, participations, assignments of mortgages in recordable form and all other documentation necessary to effect the assignment of the Purchased Loans (including all related collateral) and the Assumed Letters of Credit to Purchaser. The out-of-pocket costs and expenses (excluding internal labor costs and overhead expenses) of preparing and filing any such documentation shall be split equally between Seller and Purchaser.