Common use of Transfer of Documentation Clause in Contracts

Transfer of Documentation. Upon consummation of this transaction, it is understood and agreed by Buyer and Seller that Buyer shall control all operating accounts and funds of BCIP I and BCIP III and the underlying Properties on the date hereof. In addition, while Seller may not have complete copies of all documentation, to the extent possible, Seller shall promptly deliver to Buyer originals or legible copies of all mortgages, notes, other loan documentation, correspondence with lenders, tax records (income and ad valorem), leases, sales information and correspondence with tenants, construction plans, surveys, site plan, leasing leads, partnership agreements, partnership records, and quarterly and annual reports required to be filed by government agencies.