Common use of Memorandum of Option Clause in Contracts

Memorandum of Option. At the Buyer’s request, the parties shall sign a Memorandum of Option in recordable form, to be recorded by Buyer. If such a Memorandum of Option is recorded and in the event Buyer does not exercise the Option within the term of this Agreement, Buyer shall, if requested to do so by Seller, record a document, which will eliminate any cloud on Seller's title to the Subject Property occasioned by the Memorandum.

Memorandum of Option. At the Buyer’s request, the The parties shall sign a the Memorandum of Option in recordable formform set forth in Exhibit B, to be recorded by Buyer. If such a Memorandum of Option is recorded and in the event Buyer does not exercise the Option within the term of this Agreement, Buyer shall, if requested to do so by Seller, record a document, which will eliminate any cloud on Seller's title to the Subject Property occasioned by the Memorandum.

Memorandum of Option. At the Buyer’s request, the parties shall sign a Memorandum of Option in recordable form, to be recorded by BuyerXxxxx. If such a Memorandum of Option is recorded and in the event Buyer does not exercise the Option within the term of this Agreement, Buyer shall, if requested to do so by Seller, record a document, which will eliminate any cloud on Seller's title to the Subject Property occasioned by the Memorandum.

Memorandum of Option. At the Buyer’s request, the The parties shall sign a the Memorandum of Option in recordable formform set forth in Exhibit B, to be recorded by BuyerXxxxx. If such a Memorandum of Option is recorded and in the event Buyer does not exercise the Option within the term of this Agreement, Buyer shall, if requested to do so by Seller, record a document, which will eliminate any cloud on Seller's title to the Subject Property occasioned by the Memorandum.