Examples of Escrow Holder in a sentence
If the City Manager shall, within the applicable periods set forth herein, disapprove of any of the items which are subject to City’s approval, or if any of the conditions set forth in this Agreement are not met within the times called for, City may thereafter terminate this Agreement without any further liability on the part of City by giving written notice of termination to the Escrow Holder, with a copy to Participant.
Escrow Holder shall thereupon, without further consent from Participant, return to each party the documents and funds deposited by them.
If a party makes a written demand for return of documents or properties, this Agreement shall not terminate until five (5) days after Escrow Holder shall have delivered copies of such demand to all other parties at the respective addresses shown in this Agreement.
All conditions set forth in Section 3.1, or to City’s obligations hereunder, are for City’s benefit only and the City Manager may waive all or any part of such rights (excepting as to subsection (e), above) by written notice to Participant and Escrow Holder.
If no demands are made, the Escrow Holder shall proceed with the Closing as soon as possible.