Common use of Delivery of Assignment and Other Documents Clause in Contracts

Delivery of Assignment and Other Documents. At Closing, Seller ------------------------------------------ shall deliver to Buyer, or as Buyer may direct in writing, the following for each Loan: 4.2.1. Note, endorsed in such manner as Buyer reasonably may request, and Security Instruments, together with individual assignments in recordable form, in form satisfactory to Buyer in the exercise of its reasonable business judgment, and otherwise sufficient under the laws of the jurisdiction in which the Security Instruments are recorded and filed to reflect of record or in the appropriate files, as applicable, the sale or transfer of the Loan and of Seller's beneficial interest in the Security Instruments, the Subject Property encumbered thereby and all Related Documentation that may be assigned (such assignments are referred to collectively as the "Assignments").

Appears in 1 contract

Sources: Purchase and Sale Agreement (Imperial Credit Commercial Mortgage Investment Corp)

Delivery of Assignment and Other Documents. At Closing, Seller ------------------------------------------ shall deliver to Buyer, or as Buyer may direct in writing, the following for each Loan:: 5 4.2.1. Note, endorsed in such manner as Buyer reasonably may request, and Security Instruments, together with individual assignments in recordable form, in form satisfactory to Buyer in the exercise of its reasonable business judgment, and otherwise sufficient under the laws of the jurisdiction in which the Security Instruments are recorded and filed to reflect of record or in the appropriate files, as applicable, the sale or transfer of the Loan and of Seller's beneficial interest in the Security Instruments, the Subject Property encumbered thereby and all Related Documentation that may be assigned (such assignments are referred to collectively as the "Assignments").

Appears in 1 contract

Sources: Purchase and Sale Agreement (Imperial Credit Commercial Mortgage Investment Corp)