Common use of IPC Property Clause in Contracts

IPC Property. At least 120 days prior to Dynegy's good faith estimate of the Closing Date, Dynegy and Seller shall and shall cause their Affiliates to make available to Purchaser, for inspection or copying by Purchaser at Purchaser's expense (but only to the extent that such documents or materials are in the possession or control of Dynegy, Seller, or any of their Affiliates) existing documents containing (i) the legal descriptions of the IPC Owned Real Property and the material Leased Real Properties, and (ii) lists or summaries of all other IPC Properties (together with legal descriptions thereof), together with copies of any easement, license, right of way, use or similar agreements, and any other title documents relating to the IPC Other Real Property. Dynegy and Seller shall cooperate reasonably, and shall cause IPC to cooperate reasonably and to execute such customary affidavits and documents (with such modifications as may be necessary for factual accuracy), as may be reasonably requested by Purchaser's title insurance company, prior to the Closing Date in connection with any title insurance coverage reasonably obtained by Purchaser at Closing; provided that neither Dynegy nor Seller (nor any of their Affiliates, other than IPC) nor any of the officers or employees of Seller or of Dynegy (or of any of their Affiliates, including IPC) shall be required to incur any cost or liability in connection with the acquisition by Purchaser of title insurance at the Closing or any affidavits or other instruments required by Purchaser's title company as a condition to issuing such title insurance at the Closing, it being understood that any such title affidavits or documents shall be provided solely by IPC and any costs associated with such title insurance (and any title endorsements and other documents or instruments required in connection with Purchaser's title insurance) shall be borne solely by Purchaser.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Ameren Corp), Stock Purchase Agreement (Union Electric Co)

IPC Property. At least 120 days prior to Dynegy's ’s good faith estimate esti- mate of the Closing Date, Dynegy and Seller shall and shall cause their Affiliates to make available to Purchaser, for inspection or copying by Purchaser at Purchaser's ’s expense (but only to the extent that such documents or materials are in the possession or control of Dynegy, Seller, or any of their Affiliates) existing documents containing (i) the legal descriptions de- scriptions of the IPC Owned Real Property and the material Leased Real Properties, and (ii) lists or summaries of all other IPC Properties (together with legal descriptions thereof), together to- gether with copies of any easement, license, right of way, use or similar agreements, and any other title documents relating to the IPC Other Real Property. Dynegy and Seller shall cooperate coop- erate reasonably, and shall cause IPC to cooperate reasonably and to execute such customary affidavits and documents (with such modifications as may be necessary for factual accuracy), as may be reasonably requested by Purchaser's ’s title insurance company, prior to the Closing Date in connection with any title insurance coverage reasonably obtained by Purchaser at Closing; provided that neither Dynegy nor Seller (nor any of their Affiliates, other than IPC) nor any of the officers or employees of Seller or of Dynegy (or of any of their Affiliates, including in- cluding IPC) shall be required to incur any cost or liability in connection with the acquisition by Purchaser of title insurance at the Closing or any affidavits or other instruments required by Purchaser's title company as a condition to issuing such title insurance at the Closing, it being understood that any such title affidavits or documents shall be provided solely by IPC and any costs associated with such title insurance (and any title endorsements and other documents or instruments required in connection with Purchaser's title insurance) shall be borne solely by Purchaser.

Appears in 1 contract

Sources: Stock Purchase Agreement

IPC Property. At least 120 days prior to Dynegy's ’s good faith estimate of the Closing Date, Dynegy and Seller shall and shall cause their Affiliates to make available to Purchaser, for inspection or copying by Purchaser at Purchaser's ’s expense (but only to the extent that such documents or materials are in the possession or control of Dynegy, Seller, or any of their Affiliates) existing documents containing (i) the legal descriptions of the IPC Owned Real Property and the material Leased Real Properties, and (ii) lists or summaries of all other IPC Properties (together with legal descriptions thereof), together with copies of any easement, license, right of way, use or similar agreements, and any other title documents relating to the IPC Other Real Property. Dynegy and Seller shall cooperate reasonably, and shall cause IPC to cooperate reasonably and to execute such customary affidavits and documents (with such modifications as may be necessary for factual accuracy), as may be reasonably requested by Purchaser's ’s title insurance company, prior to the Closing Date in connection with any title insurance coverage reasonably obtained by Purchaser at Closing; provided that neither Dynegy nor Seller (nor any of their Affiliates, other than IPC) nor any of the officers or employees of Seller or of Dynegy (or of any of their Affiliates, including IPC) shall be required to incur any cost or liability in connection with the acquisition by Purchaser of title insurance at the Closing or any affidavits or other instruments required by Purchaser's ’s title company as a condition to issuing such title insurance at the Closing, it being understood that any such title affidavits or documents shall be provided solely by IPC and any costs associated with such title insurance (and any title endorsements and other documents or instruments required in connection with Purchaser's ’s title insurance) shall be borne solely by Purchaser.

Appears in 1 contract

Sources: Stock Purchase Agreement (Dynegy Inc /Il/)