Common use of Bills of Sale; Deeds; Assignments; Documentation of Assumption Clause in Contracts

Bills of Sale; Deeds; Assignments; Documentation of Assumption. On the Closing Date, the Seller shall deliver to the Purchaser such bills of sale, deeds, assignments and instruments of transfer, reasonably satisfactory in form and substance to the Seller and the Purchaser, pursuant to which the Seller will transfer all of its right, title and interest in and to the Assets to the Purchaser. On the Closing Date, the Purchaser shall deliver to the Seller such undertakings and agreements, satisfactory in form and substance to the Seller and the Purchaser, pursuant to which the Purchaser shall assume and agree to fully and timely perform, discharge and pay, in accordance with their respective terms, all of the Assumed Liabilities.

Appears in 2 contracts

Samples: Agreement and Plan of Reorganization (Blue River Bancshares Inc), Fulton Division Acquisition Agreement (Hopfed Bancorp Inc)

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Bills of Sale; Deeds; Assignments; Documentation of Assumption. On the Closing DateDate and pursuant to Section 6.6 hereof, the Seller shall deliver to the Purchaser such bills of sale, deeds, assignments and instruments of transfer, reasonably satisfactory in form and substance to the Seller and the Purchaser, pursuant to which the Seller will transfer title to the Owned Real Property by special warranty deed and all of its right, title and interest in and to the Assets to the Purchaser. On the Closing DateDate and pursuant to Section 5.6 hereof, the Purchaser shall deliver to the Seller such undertakings and agreements, satisfactory in form and substance to the Seller and the Purchaser, pursuant to which the Purchaser shall assume and agree to fully and timely perform, discharge and pay, in accordance with their respective terms, all of the Assumed Liabilities.

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (First Mid Illinois Bancshares Inc)

Bills of Sale; Deeds; Assignments; Documentation of Assumption. On the Closing Date, the Seller shall deliver to the Purchaser such bills of sale, deeds, assignments and instruments of transfer, reasonably satisfactory in form and substance to the Seller and the Purchaser, pursuant to which the Seller will transfer title to the Real Property by special warranty deed in a form substantially similar to Exhibit 1.8 and all of its right, title and interest in and to the other Assets to the Purchaser. On the Closing Date, the Purchaser shall deliver to the Seller such undertakings and agreements, satisfactory in form and substance to the Seller and the Purchaser, pursuant to which the Purchaser shall assume and agree to fully and timely perform, discharge and pay, in accordance with their respective terms, all of the Assumed Liabilities.

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (River Valley Bancorp)

Bills of Sale; Deeds; Assignments; Documentation of Assumption. On the Closing Date, the Seller shall deliver to the Purchaser such bills of sale, deeds, assignments and instruments of transfer, reasonably satisfactory in form and substance to the Seller and the Purchaser, pursuant to which the Seller will transfer title to the Real Property by general warranty deed and all of its right, title and interest in and to the other Assets to the Purchaser. On the Closing Date, the Purchaser shall deliver to the Seller such undertakings and agreements, satisfactory in form and substance to the Seller and the Purchaser, pursuant to which the Purchaser shall assume and agree to fully and timely perform, discharge and pay, in accordance with their respective terms, all of the Assumed Liabilities.

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (Greene County Bancshares Inc)

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Bills of Sale; Deeds; Assignments; Documentation of Assumption. On the Closing Date, the Seller shall deliver to the Purchaser such bills of sale, deeds, assignments and 7 instruments of transfer, reasonably satisfactory in form and substance to the Seller and the Purchaser, pursuant to which the Seller will transfer title to the Real Property by general warranty deed and all of its right, title and interest in and to the other Assets to the Purchaser. On the Closing Date, the Purchaser shall deliver to the Seller such undertakings and agreements, satisfactory in form and substance to the Seller and the Purchaser, pursuant to which the Purchaser shall assume and agree to fully and timely perform, discharge and pay, in accordance with their respective terms, all of the Assumed Liabilities.

Appears in 1 contract

Samples: Branch Purchase and Assumption Agreement (Greene County Bancshares Inc)

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