Delivery of the Loan Documents. (a) In connection with the sale hereunder, as soon as is reasonably practicable after the Closing Date, Seller shall deliver to Purchaser or its designee the Loan Documents actually in the possession of Seller. Seller makes no representation or warranty to Purchaser regarding the condition of the Loan Documents or any single document included therein, or Seller's interest in any collateral securing any Deposit Related Loan, except as specifically set forth herein. Seller shall have no responsibility or liability for the Loan Documents from and after the time such files are delivered by Seller to an independent third party for shipment to Purchaser, the cost of which shall be the sole responsibility of Purchaser.
Appears in 3 contracts
Samples: Purchase and Assumption Agreement (Central Coast Bancorp), Purchase and Assumption Agreement (Heritage Oaks Bancorp), Purchase and Assumption Agreement (Tehama Bancorp)
Delivery of the Loan Documents. (a) In connection with the sale hereunder, as As soon as is reasonably practicable after the Closing Date, Seller shall deliver to Purchaser or its designee the Loan Documents actually Documents, in the possession of whatever form or medium (including imaged documents) then maintained by Seller. Seller makes no representation representations or warranty warranties to Purchaser regarding the condition of the Loan Documents or any single document included therein, or Seller's ’s interest in any collateral securing any Deposit Related Loan, except as specifically set forth herein. Seller shall have no responsibility or liability for loss or destruction of the Loan Documents from and after the time such files are delivered by Seller to Purchaser or to an independent third party designated in writing in advance by Purchaser for shipment to Purchaser, the cost of which shall be the sole responsibility of Purchaser.
Appears in 1 contract
Samples: Purchase and Assumption Agreement (Premierwest Bancorp)
