Joint Undertaking. In addition to the obligations expressly required to be performed under this Agreement by Seller and Buyer, each Party agrees to cooperate with the other and to execute and deliver such other instruments and documents as a Party may reasonably request and as shall be necessary in order to transfer the Loan or Foreclosure Judgment (if any) from Seller to Buyer provided however that no such other instrument or document shall (i) extend or enlarge the obligations of the non-requesting Party beyond the express undertakings of this Agreement, (ii) shall require or could require Seller to satisfy any requirements of Buyer’s lender or any title company selected by Buyer to issue a title endorsement or other title product, or (iii) shall require or could require the non-requesting Party to make any payment or to incur any material expense (including, without limitation, material legal fees).
Appears in 2 contracts
Sources: Agreement for Sale and Purchase of Loan, Agreement for Sale and Purchase of Loan (Resource Real Estate Opportunity REIT, Inc.)