Prior to Recordation Sample Clauses
The "Prior to Recordation" clause defines the rights and obligations of the parties during the period before a legal document, such as a deed or agreement, is officially recorded with the appropriate government office. In practice, this clause may specify what actions can or cannot be taken by the parties, such as restrictions on transferring interests or making changes to the property, until the recordation is complete. Its core function is to clarify the status and responsibilities of the parties during this interim period, thereby preventing misunderstandings or unauthorized actions before the document becomes part of the public record.
Prior to Recordation. Borrower shall keep the terms of this Agreement strictly confidential and shall not disclose or permit its employees or agents to disclose the terms of this Agreement (except for reasonably necessary disclosures to Borrower’s attorneys, accountants and representatives or as may be required by law).
