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 of the Purchase Price. The Escrow Agent shall deliver to Seller a copy of the recorded Limited Warranty Deed and the Closing Statement in duplicate showing all the charges and credits affecting the account of Seller. The Escrow Agent shall deliver to Buyer the recorded Limited Warranty Deed; copies of any recorded mortgage deposited by Buyer; Buyer’s Policy; the balance, if any, of the funds deposited by Buyer remaining after disbursement in accordance with these directions; and the Closing Statement in duplicate showing all charges and credits affecting the account of Buyer.
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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 Paragraph 6 have been delivered to the Escrow Agent and if all other conditions to the Escrow Agent parties’ obligation to consummate the transaction contemplated by this Agreement shall have been satisfied or waived in writing by the applicable title company is in a position to issue and will issue Buyer’s Policy as described in Section 4parties, the then Escrow Agent shall:
(a) Cause the Limited Warranty Deed and Notice of Tax Exempt Bond Funding to be filed for recordrecord in the Cuyahoga County, Ohio, Records;
(b) Make As of the prorations set forth in Section 6close of business on the Closing Date, paying all amounts of prorate, and appropriately charge the Grantor, real estate taxes and assessments assessments, if any, both general and special, which are applicable to the Property and which are a lien but not yet due and payable at such time and appropriately charging or crediting the respective accounts as of the partiesClosing Date, using the rates and valuation shown on the latest available tax duplicates;
(c) Cause the issuance and delivery to Buyer Grantee of the Buyer’s Title 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) Grantee the cost of the escrow fee, [the real estate transfer fees, transfer taxes and similar conveyance taxes or fees]2 and recording any instruments required in order to clear title of all exceptions to title other sums properly chargeable against Seller hereunder or in accordance with local custom;than Permitted Exceptions; and
(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 Grantee the escrow fee, the cost of recording the Limited Warranty title examination and the title insurance premium for the Title Policy, the fee for recordation of the Deed, the Buyer’s attorneys’ fees , and all other sums properly chargeable against Buyer Grantee hereunder or customarily charged to Grantee in accordance with local customcommon escrow practices in the county in which the Property is located, except as otherwise specifically provided herein to the contrary; and
(f) Pay provided however, that, except as otherwise specifically provided herein to or upon the order of Seller contrary, in the cash balance of event that this Agreement is terminated prior to the Purchase Price after deducting all amounts herein required to be paid by SellerClosing Date, including any broker’s commission payable by Seller as provided in Section 11. The Escrow Agent shall prepare return to the parties the respective funds and documents deposited in escrow by them, the Buyer parties shall be released from all obligations and Seller liabilities otherwise thereafter accruing hereunder, and Grantee shall execute a standard escrow statement (the “Closing Statement”) which apportions the costs associated with Closing in accordance herewith and accounts for the disbursement of the Purchase Price. The pay to Escrow Agent shall deliver to Seller a copy of its escrow fee, the recorded Limited Warranty Deed and the Closing Statement in duplicate showing all the charges and credits affecting the account of Seller. The Escrow Agent shall deliver to Buyer the recorded Limited Warranty Deed; copies of any recorded mortgage deposited by Buyer; Buyer’s Policy; the balancecost, if any, of the funds deposited by Buyer remaining after disbursement in accordance with these directions; title examination and the Closing Statement in duplicate showing Title Commitment, and all charges and credits affecting the account of Buyerother sums properly chargeable by Escrow Agent.
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Samples: Transfer Agreement
Actions by Escrow Agent. The following shall act as the escrow agent hereunder (the “Escrow Agent”): Xxxxxxx Xxxxxx Fidelity National Chicago Title Insurance Company Richmond National Title Services 000 X. Xxxxx, 04CI Chicago, Illinois 60601 Attn: Xxxxx Xxxxxx 0000 Xxxx Xxxxxx Drive, Suite 403 Richmond, VA 23226 Toll FreePhone #: (000) -000-0000 Ext. 207 DirectFax #: (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 Escrowany supplementary strict joint order escrow instructions; provided, however, that this Contract shall govern in the event of any conflict between said Standard Conditions strict joint order instructions 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 Policies as described in Section 4, the Escrow Agent shall:
(a) Cause the Limited Warranty Deed Deeds and each Right of First Offer to be filed for record;
(b) Make Upon Seller’s request, cause the prorations set forth in Section 6, paying all amounts of taxes and assessments which are applicable Leaseback Memoranda to the Property and which are due and payable at such time and appropriately charging or crediting the respective accounts of the partiesbe recorded;
(c) Cause the issuance and delivery to Buyer of the Buyer’s PolicyPolicies, 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’ Buyer escrow and related 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 DeedDeeds and any other documents related to this Contract, the Buyer’s attorneys’ fees title insurance costs, including premiums and all other sums properly chargeable against Buyer hereunder costs of endorsements and Commitments, and transfer or in accordance with local customconveyance taxes or fees; and
(fe) 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 of the Purchase Price. The Escrow Agent shall deliver to Seller a copy of the recorded Limited Warranty Deed Deeds and the Closing Statement each Right of First Offer and its escrow statement in duplicate showing all the charges and credits affecting the account of Seller. The Escrow Agent shall deliver to Buyer the recorded Limited Warranty DeedDeeds and each Right of First Offer; copies of any recorded mortgage deposited by Buyer; Buyer’s PolicyPolicies; the balance, if any, of the funds deposited by Buyer remaining after disbursement in accordance with these directions; and the Closing Statement its escrow statement in duplicate showing all charges and credits affecting the account of Buyer.
Appears in 1 contract
Actions by Escrow Agent. The following shall act as the escrow agent hereunder (the “Escrow Agent”): Xxxxxxx Xxxxxx Fidelity National Chicago Title Insurance Company Richmond National Title Services 000 X. Xxxxx, 04CI Chicago, Illinois 60601 Attn: Xxxxx Xxxxxx 0000 Xxxx Xxxxxx Drive, Suite 403 Richmond, VA 23226 Toll FreePhone #: (000) -000-0000 Ext. 207 DirectFax #: (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 Escrowany supplementary strict joint order escrow instructions; provided, however, that this Contract shall govern in the event of any conflict between said Standard Conditions strict joint order instructions and any of the terms hereof. On the applicable 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 Policies as described in Section 4, the Escrow Agent shall:
(a) Cause the Limited Warranty Deed Deeds and each Right of First Offer to be filed for record;
(b) Make Upon Seller’s request, cause the prorations set forth in Section 6, paying all amounts of taxes and assessments which are applicable Leaseback Memoranda to the Property and which are due and payable at such time and appropriately charging or crediting the respective accounts of the parties;be recorded:
(c) Cause the issuance and delivery to Buyer of the Buyer’s PolicyPolicies, 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’ Buyer escrow and related 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 DeedDeeds and any other documents related to this Contract, the Buyer’s attorneys’ fees title insurance costs, including premiums and all other sums properly chargeable against Buyer hereunder costs of endorsements and Commitments, and transfer or in accordance with local customconveyance taxes or fees; and
(fe) 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 of the Purchase Price. The Escrow Agent shall deliver to Seller a copy of the recorded Limited Warranty Deed Deeds and the Closing Statement each Right of First Offer and its escrow statement in duplicate showing all the charges and credits affecting the account of Seller. The Escrow Agent shall deliver to Buyer the recorded Limited Warranty DeedDeeds and each Right of First Offer; copies of any recorded mortgage deposited by Buyer; Buyer’s PolicyPolicies; the balance, if any, of the funds deposited by Buyer remaining after disbursement in accordance with these directions; and the Closing Statement its escrow statement in duplicate showing all charges and credits affecting the account of Buyer.
Appears in 1 contract
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 9 hereof 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 if SDC and REX, xx applicable, shall elect) the REX Xxxminal Title Policy and the SDC Terminal Title Policy as described in Section 48 hereof, the Escrow Agent shall:
(a) Cause cause the Limited Warranty REX Xxxminal Deed and SDC Terminal Deed to be filed for record;
(b) Make (i) in the prorations set forth in Section 6event that SDC so elects, 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 cause the issuance and delivery to Buyer SDC of the Buyer’s REX Xxxminal Title Policy, as described in Section 48 hereof, charging and charge to the account of [Buyer] [Seller]1 SDC the cost of the title insurance premium therefor, and (ii) charge to the account of SDC the cost of the title examination for the REX Terminal;
(c) (i) in the event that REX xx elects, cause the issuance and Commitment delivery to REX xx the SDC Terminal Title Policy, as described in Section 8 hereof, and charge to the account of REX xxx cost of the title insurance premium therefor, and (ii) charge to the account of Buyer’s Policy and all endorsementsREX xxx cost of the title examination for the SDC Terminal;
(d) Charge charge to the account of Seller, Seller’s attorneys’ fees, SDC 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 its escrow fee, the cost of recording the Limited Warranty DeedREX Xxxminal Deed and any instruments required in order to clear title to the SDC Terminal, any applicable transfer fees and transfer taxes applicable to the Buyer’s attorneys’ fees conveyance of the SDC Terminal, and all other sums properly chargeable against Buyer hereunder or in accordance with local customSDC hereunder; and
(fe) Pay charge to or upon the account of REX xxx-half (1/2) of its escrow fee, the cost of recording the SDC Terminal Deed and any instruments required in order to clear title to the REX Xxxminal, any applicable transfer fees and transfer taxes applicable to the conveyance of Seller the cash balance of the Purchase Price after deducting REX Xxxminal, and 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 of the Purchase Priceother sums properly chargeable against REX xxxeunder. The Escrow Agent shall deliver to Seller a copy of SDC the recorded Limited Warranty Deed REX Xxxminal Deed, the REX Xxxminal Title Policy (if SDC elects to obtain the same), and the Closing Statement its escrow statement in duplicate showing all the SDC/REX XXXXXXXXX XXXHANGE 104 7 charges and credits affecting the account of SellerSDC. The Escrow Agent shall deliver to Buyer REX xxx recorded SDC Terminal Deed, the recorded Limited Warranty Deed; copies of any recorded mortgage deposited by Buyer; Buyer’s Policy; SDC Terminal Title Policy (if REX xxxcts to obtain the balancesame), if any, of the funds deposited by Buyer remaining after disbursement in accordance with these directions; and the Closing Statement its escrow statement in duplicate showing all charges and credits affecting the account of BuyerREX.
Appears in 1 contract
Actions by Escrow Agent. The following shall act as the escrow agent hereunder (the “Escrow Agent”): Xxxxxxx Xxxxxx Fidelity National Chicago Title Insurance Company Richmond National Title Services 000 X. Xxxxx, 04CI Chicago, Illinois 60601 Attn: Xxxxx Xxxxxx 0000 Xxxx Xxxxxx Drive, Suite 403 Richmond, VA 23226 Toll Free: (Phone #:000) -000-0000 Ext. 207 Direct: (000) Fax #: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 Escrowany supplementary strict joint order escrow instructions ; provided, however, that this Contract shall govern in the event of any conflict between said Standard Conditions strict joint order instructions and any of the terms hereof. On the applicable 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 Policies as described in Section 4, the Escrow Agent shall:
(a) Cause the Limited Warranty Deed Deeds and each Right of First Offer 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[INTENTIONALLY LEFT BLANK];
(c) Cause the issuance and delivery to Buyer of the Buyer’s PolicyPolicies, 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 customINTENTIONALLY LEFT BLANK];
(e) Charge to the account of Buyer [the real estate transfer escrow and related 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 DeedDeeds and any other documents related to this Contract, the Buyer’s attorneys’ fees title insurance costs, including premiums and all other sums properly chargeable against Buyer hereunder costs of endorsements and Commitments, and transfer or in accordance with local customconveyance taxes or fees; 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 of the Purchase Price. The Escrow Agent shall deliver to Seller a copy of the recorded Limited Warranty Deed Deeds and the Closing Statement each Right of First Offer and its escrow statement in duplicate showing all the charges and credits affecting the account of Seller. The Escrow Agent shall deliver to Buyer the recorded Limited Warranty DeedDeeds and each Right of First Offer; copies of any recorded mortgage deposited by Buyer; Buyer’s PolicyPolicies; the balance, if any, of the funds deposited by Buyer remaining after disbursement in accordance with these directions; and the Closing Statement its escrow statement in duplicate showing all charges and credits affecting the account of Buyer.
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