Common use of Recorded Instruments Clause in Contracts

Recorded Instruments. If any instrument of transfer contemplated herein shall be filed or recorded in any public record before the Closing Date and thereafter the transaction is not consummated, then at the request of Seller, Purchaser will deliver (or execute and deliver) such instruments and take such other action as Seller shall reasonably request to revoke such purported transfer and to record any additional transfers as are necessary to record property in the name of the Seller.

Appears in 2 contracts

Sources: Branch Purchase and Assumption Agreement (LNB Bancorp Inc), Branch Purchase and Assumption Agreement (Park National Corp /Oh/)

Recorded Instruments. If any instrument of transfer contemplated Contemplated herein shall be filed or recorded in any public record before the Closing Date and thereafter the transaction is not consummated, then at the request of Seller, Purchaser will deliver (or execute and deliver) such instruments and take such other action as Seller shall reasonably request to revoke such purported transfer and to record any additional transfers as are necessary to record property in the name of the Seller.

Appears in 1 contract

Sources: Branch Purchase and Assumption Agreement (First Federal Financial Services Corp)