Common use of Agreement Not to be Recorded Clause in Contracts

Agreement Not to be Recorded. Each party agrees that it shall not cause or permit this Agreement to be recorded; provided, however, that at the Closing of the First Parcel, the parties agree to cause a memorandum of this Agreement to be recorded in the land records of the Clerk and Recorder of the County of Douglas, State of Colorado, which memorandum shall be in form and s▇▇▇▇▇▇▇e mutually acceptable to the parties. Concurrently with the recordation of such memorandum, Buyer shall deliver to Mission, a quitclaim deed for each of Lots 2 through 5, Highlands Ranch Filing No. 126-A, Douglas County, Colorado which deeds shall be held by Mission pursu▇▇▇ ▇▇ mutually agreeable instructions. Said instructions shall provide, among other provisions, that (i) upon Buyer's purchase of each of Lots 2 through 5, Highlands Ranch Filing No. 126-A, Douglas County, Colorado, the quitclaim deed with respect to the ap▇▇▇▇▇▇▇e Lot being held by Mission shall be returned to the Buyer at the Closing at which the applicable Lot is purchased; and (ii) upon Mission delivering to Buyer written notice stating that (x) Buyer is in default under this Agreement, and (y) Buyer has failed to cure such default within the time period provided by Section 9.3 of this Agreement, Mission may record the quitclaim deeds then being held by it pursuant to the terms of the instructions.

Agreement Not to be Recorded. Each party agrees that it shall not cause or permit this Agreement to be recorded; provided, however, that at the Closing of the First Parcel, the parties agree to cause a memorandum of this Agreement to be recorded in the land records of the Clerk and Recorder of the County of Douglas▇▇▇▇▇▇▇, State of Colorado, which memorandum shall be in form and s▇▇▇▇▇▇▇e substance mutually acceptable to the parties. Concurrently with the recordation of such memorandum, Buyer shall deliver to Mission, a quitclaim deed for each of Lots 2 through 5, Highlands Ranch Filing No. 126-A, Douglas ▇▇▇▇▇▇▇ County, Colorado which deeds shall be held by Mission pursu▇▇▇ ▇▇ pursuant to mutually agreeable instructions. Said instructions shall provide, among other provisions, that (i) upon Buyer's purchase of each of Lots 2 through 5, Highlands Ranch Filing No. 126-A, Douglas ▇▇▇▇▇▇▇ County, Colorado, the quitclaim deed with respect to the ap▇▇▇▇▇▇▇e applicable Lot being held by Mission shall be returned to the Buyer at the Closing at which the applicable Lot is purchased; and (ii) upon Mission delivering to Buyer written notice stating that (x) Buyer is in default under this Agreement, and (y) Buyer has failed to cure such default within the time period provided by Section 9.3 of this Agreement, Mission may record the quitclaim deeds then being held by it pursuant to the terms of the instructions.