Common use of 15Escrow Clause in Contracts

15Escrow. Escrow shall be opened by the Operating Partnership with First American Title Insurance Company (the “Closing Agent”) upon execution of this Agreement by both parties. The Operating Partnership will deposit an xxxxxxx money deposit of $50,000 (the “Xxxxxxx Money”) within 3 business days of the Effective Date which shall be applied to the cash payable by the Operating Partnership at the Closing. A copy of this fully-executed Agreement will be delivered to the Closing Agent by the Operating Partnership and will serve as escrow instructions together with any additional instructions required by the Contributor and/or the Operating Partnership or their respective counsels. The Contributor and the Operating Partnership agree to cooperate with the Closing Agent and sign any additional instructions reasonably required by the Closing Agent to close escrow. If there is any conflict between any other instructions and this Agreement, this Agreement shall control. Notwithstanding anything else herein, in all events, the sum of $100.00 (the “Independent Consideration”), which sum has been bargained for and agreed to as consideration for Contributor’s execution and delivery of this Agreement, will be payable to the Contributor out of the Xxxxxxx Money, even if this Agreement is terminated under its express provisions. The Independent Consideration is independent of all other consideration provided in this Agreement, and is nonrefundable ​ in all events. The Operating Partnership and Contributor stipulate that the Independent Consideration is sufficient consideration to support this Agreement notwithstanding the Operating Partnership’s rights to terminate this Agreement as set forth herein. ​

15Escrow. Escrow shall be opened by the Operating Partnership with First American Title Insurance Company (the “Closing Agent”) upon execution of this Agreement by both parties. The Operating Partnership will deposit an xxxxxxx money deposit of $50,000 100,000 (the “Xxxxxxx Money”) within 3 business days of the Effective Date which shall be applied to the cash payable by the Operating Partnership at the Closing. A copy of this fully-executed Agreement will be delivered to the Closing Agent by the ​ ​ Operating Partnership and will serve as escrow instructions together with any additional instructions required by the Contributor and/or the Operating Partnership or their respective counsels. The Contributor and the Operating Partnership agree to cooperate with the Closing Agent and sign any additional instructions reasonably required by the Closing Agent to close escrow. If there is any conflict between any other instructions and this Agreement, this Agreement shall control. Notwithstanding anything else herein, in all events, the sum of One Hundred and xx/100 Dollars ($100.00 100.00) (the “Independent Consideration”), which sum has been bargained for and agreed to as consideration for Contributor’s execution and delivery of this Agreement, will be payable to the Contributor out of the Xxxxxxx Money, even if this Agreement is terminated under its express provisions. The Independent Consideration is independent of all other consideration provided in this Agreement, and is nonrefundable ​ in all events. The Operating Partnership and Contributor stipulate that the Independent Consideration is sufficient consideration to support this Agreement notwithstanding the Operating Partnership’s rights to terminate this Agreement as set forth herein. ​.

15Escrow. Escrow shall be opened by the Operating Partnership with First American Title Insurance Company (the “Closing Agent”) upon execution of this Agreement by both parties. The Operating Partnership will deposit an xxxxxxx money deposit of $50,000 250,000 (the “Xxxxxxx Money”) within 3 business days of the Effective Date which shall be applied to the cash payable by the Operating Partnership at the Closing. A copy of this fully-executed Agreement will be delivered to the Closing Agent by the Operating Partnership and will serve as escrow instructions together with any additional instructions required by the Contributor and/or the Operating Partnership or their respective counsels. The Contributor and the Operating Partnership agree to cooperate with the Closing Agent and sign any additional instructions reasonably required by the Closing Agent to close escrow. If there is any conflict between any other instructions and this Agreement, this Agreement shall control. Notwithstanding anything else herein, in all events, the sum of $100.00 (the “Independent Consideration”), which sum has been bargained for and agreed to as consideration for Contributor’s execution and delivery of this Agreement, will be payable to the Contributor out of the Xxxxxxx Money, even if this Agreement is terminated under its express provisions. The Independent Consideration is independent of all other consideration provided in this Agreement, and is nonrefundable ​ in all events. The Operating Partnership and Contributor stipulate that the Independent Consideration is sufficient consideration to support this Agreement notwithstanding the Operating Partnership’s rights to terminate this Agreement as set forth herein. ​.

15Escrow. Escrow shall be opened by the Operating Partnership with First American Title Insurance Company (the “Closing Agent”) upon execution of this Agreement by both parties. The Operating Partnership will deposit an xxxxxxx money deposit of $50,000 100,000 (the “Xxxxxxx Money”) within 3 business days of the Effective Date which shall be applied to the cash payable by the Operating Partnership at the Closing. A copy of this fully-executed Agreement will be delivered to the Closing Agent by the Operating Partnership and will serve as escrow instructions together with any additional instructions required by the Contributor and/or the Operating Partnership or their respective counsels. The Contributor and the Operating Partnership agree to cooperate with the Closing Agent and sign any additional instructions reasonably required by the Closing Agent to close escrow. If there is any conflict between any other instructions and this Agreement, this Agreement shall control. Notwithstanding anything else herein, in all events, the sum of $100.00 (the “Independent Consideration”), which sum has been bargained for and agreed to as consideration for Contributor’s execution and delivery of this Agreement, will be payable to the Contributor out of the Xxxxxxx Money, even if this Agreement is terminated under its express provisions. The Independent Consideration is independent of all other consideration provided in this Agreement, and is nonrefundable ​ in all events. The Operating Partnership and Contributor stipulate ​ that the Independent Consideration is sufficient consideration to support this Agreement notwithstanding the Operating Partnership’s rights to terminate this Agreement as set forth herein. ​

15Escrow. Escrow shall be opened by the Operating Partnership with First American Title Insurance Company (the “Closing Agent”) upon execution of this Agreement by both parties. The Operating Partnership will deposit an xxxxxxx money deposit of $50,000 50,000.00 (the “Xxxxxxx Money”) within 3 business days of the Effective Date which shall be applied to the cash payable by the Operating Partnership at the Closing. A copy of this fully-executed Agreement will be delivered to the Closing Agent by the Operating Partnership and will serve as escrow instructions together with any additional instructions required by the Contributor and/or the Operating Partnership or their respective counsels. The Contributor and the Operating Partnership agree to cooperate with the Closing Agent and sign any additional instructions reasonably required by the Closing Agent to close escrow. If there is any conflict between any other instructions and this Agreement, this Agreement shall control. Notwithstanding anything else herein, in all events, the sum of $100.00 (the “Independent Consideration”), which sum has been bargained for and agreed to as consideration for Contributor’s execution and delivery of this Agreement, will be payable to the Contributor out of the Xxxxxxx Money, even if this Agreement is ​ ​ terminated under its express provisions. The Independent Consideration is independent of all other consideration provided in this Agreement, and is nonrefundable ​ in all events. The Operating Partnership and Contributor stipulate that the Independent Consideration is sufficient consideration to support this Agreement notwithstanding the Operating Partnership’s rights to terminate this Agreement as set forth herein. ​.

15Escrow. Escrow shall be opened by the Operating Partnership with First American Title Insurance Company (the “Closing Agent”) upon execution of this Agreement by both parties. The Operating Partnership will deposit an xxxxxxx money deposit of $50,000 100,000 (the “Xxxxxxx Money”) within 3 business days of the Effective Date which shall be applied to the cash payable by the Operating Partnership at the Closing. A copy of this fully-executed Agreement will be delivered to the Closing Agent by the ​ Operating Partnership and will serve as escrow instructions together with any additional instructions required by the Contributor and/or the Operating Partnership or their respective counsels. The Contributor and the Operating Partnership agree to cooperate with the Closing Agent and sign any additional instructions reasonably required by the Closing Agent to close escrow. If there is any conflict between any other instructions and this Agreement, this Agreement shall control. Notwithstanding anything else herein, in all events, the sum of One Hundred and xx/100 Dollars ($100.00 100.00) (the “Independent Consideration”), which sum has been bargained for and agreed to as consideration for Contributor’s execution and delivery of this Agreement, will be payable to the Contributor out of the Xxxxxxx Money, even if this Agreement is terminated under its express provisions. The Independent Consideration is independent of all other consideration provided in this Agreement, and is nonrefundable ​ in all events. The Operating Partnership and Contributor stipulate that the Independent Consideration is sufficient consideration to support this Agreement notwithstanding the Operating Partnership’s rights to terminate this Agreement as set forth herein. ​.

15Escrow. Escrow shall be opened by the Operating Partnership with First American Title Insurance Company (the “Closing Agent”) upon execution of this Agreement by both parties. The Operating Partnership will shall deposit within 3 days of the Effective Date an xxxxxxx money deposit of $50,000 100,000 (the “Xxxxxxx Money”) within 3 business days of the Effective Date which shall be applied to the cash payable by the Operating Partnership at the Closing. A copy of this fully-executed Agreement will be delivered to the Closing Agent by the Operating Partnership and will serve as escrow instructions together with any additional instructions required by the Contributor and/or the Operating Partnership or their respective counsels. The Contributor and the Operating Partnership agree to cooperate with the Closing Agent and sign any additional instructions reasonably required by the Closing Agent to close escrow. If there is any conflict between any other instructions and this Agreement, this Agreement shall control. Notwithstanding anything else herein, in all events, the sum of $100.00 1,000.00 (the “Independent Consideration”), which sum has been bargained for and agreed to as consideration for Contributor’s execution and delivery of this Agreement, will be payable to the Contributor out of the Xxxxxxx Money, even if this Agreement is terminated under its express provisions. The Independent Consideration is independent of all other consideration provided in this Agreement, and is nonrefundable ​ in all events. The Operating Partnership and Contributor stipulate that the Independent Consideration is sufficient consideration to support this Agreement notwithstanding the Operating Partnership’s rights to terminate this Agreement as set forth herein. ​.

15Escrow. Escrow shall be opened by the Operating Partnership with First American Title Insurance Company (the “Closing Agent”) upon execution of this Agreement by both parties. The Operating Partnership will deposit an xxxxxxx money deposit of $50,000 (the “Xxxxxxx Money”) within 3 business days of the Effective Date which shall be applied to the cash payable by the Operating Partnership at the Closing. A copy of this fully-executed Agreement will be delivered to the Closing Agent by the Operating Partnership and will serve as escrow instructions together with any additional instructions required by the Contributor and/or the Operating Partnership or their respective counsels. The Contributor and the Operating Partnership agree to cooperate with the Closing Agent and sign any additional instructions reasonably required by the Closing Agent to close escrow. If there is any conflict between any other instructions and this Agreement, this Agreement shall control. Notwithstanding anything else herein, in all events, the sum of $100.00 (the “Independent Consideration”), which sum has been bargained for and agreed to as consideration for Contributor’s execution and delivery of this Agreement, will be payable to the Contributor out of the Xxxxxxx Money, even if this Agreement is terminated under its express provisions. The Independent Consideration is independent of all other consideration provided in this Agreement, and is nonrefundable ​ in all events. The Operating Partnership and Contributor stipulate that the Independent Consideration is sufficient consideration to support this Agreement notwithstanding the Operating Partnership’s rights to terminate this Agreement as set forth herein. ​.

15Escrow. Escrow shall be opened by the Operating Partnership with First American Title Insurance Company (the “Closing Agent”) upon execution of this Agreement by both parties. The Operating Partnership will deposit an xxxxxxx money deposit of $50,000 100,000 (the “Xxxxxxx Money”) within 3 business days of the Effective Date which shall be applied to the cash payable by the Operating Partnership at the Closing. A copy of this fully-executed Agreement will be delivered to the Closing Agent by the Operating Partnership and will serve as escrow instructions together with any additional instructions required by the Contributor and/or the Operating Partnership or their respective counsels. The Contributor and the Operating Partnership agree to cooperate with the Closing Agent and sign any additional instructions reasonably required by the Closing Agent to close escrow. If there is any conflict between any other instructions and this Agreement, this Agreement shall control. Notwithstanding anything else herein, in all events, the sum of $100.00 (the “Independent Consideration”), which sum has been bargained for and agreed to as consideration for Contributor’s execution and delivery of this Agreement, will be payable to the Contributor out of the Xxxxxxx Money, even if this Agreement is terminated under its express provisions. The Independent Consideration is independent of all other consideration provided in this Agreement, and is nonrefundable ​ in all events. The Operating Partnership and Contributor stipulate ​ that the Independent Consideration is sufficient consideration to support this Agreement notwithstanding the Operating Partnership’s rights to terminate this Agreement as set forth herein. ​.