Common use of Pre-Map Closing Clause in Contracts

Pre-Map Closing. If the Closing occurs before the Parcel Map is recorded in the Official Records, then the Parties mutually intend that the Easement Agreements for Stage 1 Recordation will be recorded in Senior Priority against the CSU Property in the Of icial Records upon the Closing, subject to any mutually agreeable revisions to the Easement Agreements. In such event, the Parties shall continue to Cooperate in good faith after the Closing to accomplish the recording of the Easement Agreements for Stage 2 Recordation in conjunction with the recording of the approved Parcel Map. CSU agrees that the Easement Agreements for Stage 2 Recordation that benefit the City shall be recorded in Senior Priority against the CSU Property. The City agrees that the Easement Agreements for Stage 2 Recordation that benefit CSU will be recorded in Senior Priority against the River Park Property or the Wetland Mitigation Project Site, as applicable, provided that nothing in this provision shall be interpreted in a manner that would cause a violation of any of the Wetland Mitigation Project Agreements or would prevent the City from consummating the sale of any wetland mitigation credits attributable to the Wetland Mitigation Project.

Pre-Map Closing. If the Closing occurs before the Parcel Map is recorded in the Official Records, then the Parties mutually intend that the Easement Agreements for Stage 1 Recordation will be recorded in Senior Priority against the CSU Property in the Of icial O ficial Records upon the Closing, subject to any mutually agreeable revisions to the Easement Agreements. In such event, the Parties shall continue to Cooperate in good faith after the Closing to accomplish the recording of the Easement Agreements for Stage 2 Recordation in conjunction with the recording of the approved Parcel Map. CSU agrees that the Easement Agreements for Stage 2 Recordation that benefit the City shall be recorded in Senior Priority against the CSU Property. The City agrees that the Easement Agreements for Stage 2 Recordation that benefit CSU will be recorded in Senior Priority against the River Park Property or the Wetland Mitigation Project Site, as applicable, provided that nothing in this provision shall be interpreted in a manner that would cause a violation of any of the Wetland Mitigation Project Agreements or would prevent the City from consummating the sale of any wetland mitigation credits attributable to the Wetland Mitigation Project.