Additional Title Documents. The Receiver, the Corporation and the Assuming Bank each agree, at any time, and from time to time, upon the request of any party hereto, to execute and deliver such additional instruments and documents of conveyance as shall be reasonably necessary to vest in the appropriate party its full legal or equitable title in and to the property transferred pursuant to this Agreement or to be transferred in accordance herewith. The Assuming Bank shall prepare such instruments and documents of conveyance (in form and substance satisfactory to the Receiver) as shall be necessary to vest title to the Assets in the Assuming Bank. The Assuming Bank shall be responsible for recording such instruments and documents of conveyance at its own expense. (THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK) Whole Bank P&A w/Loss Sharing 27 Suburban Federal Savings Bank January 30, 2009 Crofton, MD
Appears in 2 contracts
Sources: Purchase and Assumption Agreement, Purchase and Assumption Agreement
Additional Title Documents. The Receiver, the Corporation and the Assuming Bank each agree, at any time, and from time to time, upon the request of any party hereto, to execute and deliver such additional instruments and documents of conveyance as shall be reasonably necessary to vest in the appropriate party its full legal or equitable title in and to the property transferred pursuant to this Agreement or to be transferred in accordance herewith. The Assuming Bank shall prepare such instruments and documents of conveyance (in form and substance satisfactory to the Receiver) as shall be necessary to vest title to the Assets in the Assuming Bank. The Assuming Bank shall be responsible for recording such instruments and documents of conveyance at its own expense. (THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK) Whole Bank P&A w/Loss Sharing 27 Suburban Federal Savings Bank January 30, 2009 Crofton, MD
Appears in 1 contract
Sources: Purchase and Assumption Agreement (Community Bankers Trust Corp)