Actions by Escrow Agent. In connection with the Closing, Escrow Agent shall take the following actions:
Actions by Escrow Agent. Provided that Escrow Agent shall not have received written notice from Buyer or Seller of the failure of any condition to the Closing or of the termination of the Escrow and this Agreement, when Buyer and Seller have deposited into Escrow the documents and funds required by this Agreement, and Title Company is unconditionally and irrevocably committed to issue the Owner’s Title Policy concurrently with the Closing, Escrow Agent shall, in the order and manner herein below indicated, take the following actions:
Actions by Escrow Agent. Provided that Escrow Agent shall not have received written notice from Buyer or Seller of the failure of any condition to the Closing or of the termination of the Escrow and this Agreement, when Buyer and Seller have deposited into Escrow the documents and funds required by this Agreement (including the balance of the Purchase Price pursuant to Section 2 hereof and each parties share of prorations and Closing Costs) and Title Company is unconditionally and irrevocably committed to issue the Owner's Title Policy concurrently with the Closing, Escrow Agent shall, in the order and manner herein below indicated take the following actions:
Actions by Escrow Agent. The following shall act as the escrow agent hereunder (the “Escrow Agent”): Xxxxxxx Xxxxxx Fidelity National Title Insurance Company Richmond National Title Services Xxxxxx 0000 Xxxx Xxxxxx Drive, Suite 403 Richmond, VA 23226 Toll Free: (000) 000-0000 Ext. 207 Direct: (000) 000-0000 Fax: (000) 000-0000 This Contract shall serve as escrow instructions to the Escrow Agent, subject to its Standard Conditions of Acceptance of Escrow; provided, however, that this Contract shall govern in the event of any conflict between said Standard Conditions and any of the terms hereof. On the Closing Date, if all the funds and documents set forth in Section 8 have been delivered to the Escrow Agent and if the Escrow Agent or the applicable title company is in a position to issue and will issue Buyer’s Policy as described in Section 4, the Escrow Agent shall:
(a) Cause the Limited Warranty Deed to be filed for record;
(b) Make the prorations set forth in Section 6, paying all amounts of taxes and assessments which are applicable to the Property and which are due and payable at such time and appropriately charging or crediting the respective accounts of the parties;
(c) Cause the issuance and delivery to Buyer of the Buyer’s Policy, as described in Section 4, charging to the account of [Buyer] [Seller]1 the cost of the title examination and Commitment and the cost of the premium of Buyer’s Policy and all endorsements;
(d) Charge to the account of Seller, Seller’s attorneys’ fees, one-half ( 1/2) of the escrow fee, [the real estate transfer fees, transfer taxes and similar conveyance taxes or fees]2 and all other sums properly chargeable against Seller hereunder or in accordance with local custom;
(e) Charge to the account of Buyer [the real estate transfer fees, transfer taxes and similar conveyance taxes or fees], 3 one-half ( 1/2) of the escrow fee, the cost of recording the Limited Warranty Deed, the Buyer’s attorneys’ fees and all other sums properly chargeable against Buyer hereunder or in accordance with local custom; and
(f) Pay to or upon the order of Seller the cash balance of the Purchase Price after deducting all amounts herein required to be paid by Seller, including any broker’s commission payable by Seller as provided in Section 11. The Escrow Agent shall prepare and the Buyer and Seller shall execute a standard escrow statement (the “Closing Statement”) which apportions the costs associated with Closing in accordance herewith and accounts for the disbursement ...
Actions by Escrow Agent. Provided that Escrow Agent has not received written notice from Purchaser or Seller on or before the Closing Date of the failure of any condition to the Closing or of the termination of the Escrow and this Agreement, when Purchaser and Seller have deposited into Escrow the Purchaser’s Escrow Deposits, the Seller’s Escrow Deposits, and funds required by this Agreement, Escrow Agent shall, in the order and manner indicated below, take the following actions:
Actions by Escrow Agent. When Optionee and Optionor have deposited into Escrow the documents and funds required by this Agreement and Title Company or Closing Agent, as applicable, is irrevocably and unconditionally committed to issue the Lot Title Policy as applicable, Escrow Agent shall, in the order and manner herein below indicated, take the following actions at each Option Closing:
Actions by Escrow Agent. Provided that Escrow Agent shall not have received written notice from HBR or IWRA of the failure of any condition to the Closing or of the termination of the Escrow and this Agreement, when HBR and IWRA have deposited into Escrow the documents and funds required by this Agreement and Title Company is irrevocably and unconditionally committed to issue the Owner's Title Policy effective as of the Closing Date, Escrow Agent shall, in the order and manner herein below indicated, take the following actions:
Actions by Escrow Agent. In the event conflicting demands are made upon, or conflicting notices delivered to, the Escrow Agent with respect to any assets in the Escrow Fund, the Escrow Agent shall be entitled, in its sole discretion, to refuse to comply with any and all demands or instructions with respect to such assets so long as such conflict shall continue, and the Escrow Agent shall not be or become liable in any way to the parties for failure or refusal to comply with such conflicting claims, demands or instructions. The Escrow Agent shall be entitled to refuse to act until such conflicting claims or demands shall have been resolved by a final un-appealable order, judgment or decree of a court of competent jurisdiction, or settled by agreement between the conflicting parties as evidenced in a writing satisfactory to the Escrow Agent (a "Final Decision"). The Escrow Agent may, in addition, elect, in its sole discretion, to commence an interpleader action or seek other judicial relief or orders as it may deem, in its sole discretion, necessary. Xxxx and the Company shall each pay fifty percent (50%) of the costs and expenses (including reasonable attorneys' fees and expenses) incurred in connection with such proceeding.
Actions by Escrow Agent. 12 7.5 Prorations ................................................................. 13 7.6
Actions by Escrow Agent. On the Closing Date, Escrow Agent ----------------------- shall:
