Common use of The Operating Agreements Clause in Contracts

The Operating Agreements. If Buyer's commitment for a fee title policy (the "Title Commitment") discloses judgments, bankruptcies or other returns against other Persons having names the same as or similar to that of the Partnership, Seller shall cause the Partnership, on the request of Buyer, to deliver to Buyer and the Title Company affidavits showing that such judgments, bankruptcies or other returns are not against the Partnership. Seller shall cause the Partnership to deliver any customary affidavits required by the Title Company to eliminate exceptions other than the Permitted Encumbrances appearing in the Title Commitment.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Uni Invest Usa LTD)

The Operating Agreements. If Buyer's commitment for a fee title policy (the "Title Commitment") discloses judgments, bankruptcies or other returns against other Persons having names the same as or similar to that of the Partnership, Seller shall cause the PartnershipPartnership or Seller, on the request of Buyer, to Seller shall, and shall cause the Partnership to, deliver to Buyer and the Title Company affidavits showing that such judgments, bankruptcies or other returns are not against the PartnershipPartnership or Seller, as applicable. Seller shall cause the Partnership to deliver any customary affidavits required by the Title Company to eliminate exceptions other than the Permitted Encumbrances appearing in the Title Commitment.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Cedar Income Fund LTD /Md/)