Common use of Recapture Agreements Clause in Contracts

Recapture Agreements. Buyer agrees to enter into recapture agreement(s) in the form attached hereto, agreeing to repay a portion of Buyer’s Individual Grant(s) upon a sale, conveyance or transfer of the Buyer’s Residence other than by will or by operation of law upon the death of a joint tenant owner, and otherwise stated in such recapture agreement(s). The recapture agreement(s) shall be recorded in the Office of the Recorder of Deeds of Champaign County. Terms of the recapture agreement(s) shall survive closing of this transaction.

Recapture Agreements. Buyer ▇▇▇▇▇ agrees to enter into recapture agreement(s) in the form attached hereto, agreeing to repay a portion of Buyer’s Individual Grant(s) upon a sale, conveyance or transfer of the Buyer’s Residence other than by will or by operation of law upon the death of a joint tenant owner, and otherwise stated in such recapture agreement(s). The recapture agreement(s) shall be recorded in the Office of the Recorder of Deeds of Champaign County. Terms of the recapture agreement(s) shall survive closing of this transaction.