Agreement to Constitute Escrow Instructions Clause Samples
The "Agreement to Constitute Escrow Instructions" clause establishes that the main contract itself serves as the official instructions to the escrow agent. In practice, this means that the terms and conditions outlined in the agreement—such as how and when funds or documents are to be released—are binding on the escrow holder without the need for a separate set of escrow instructions. This clause streamlines the transaction process by ensuring all parties are governed by a single, unified set of directives, thereby reducing confusion and minimizing the risk of conflicting instructions.
Agreement to Constitute Escrow Instructions. This Agreement shall constitute escrow instructions and a copy hereof shall be deposited with the Escrow Holder for that purpose.
Agreement to Constitute Escrow Instructions. This Agreement shall constitute escrow instructions and a copy hereof shall be deposited with Escrow Holder for this purpose.
Agreement to Constitute Escrow Instructions. This Agreement shall constitute escrow instructions and a copy hereof shall be deposited with Escrow Holder for this purpose. The Deposit shall be immediately placed by the Escrow Holder into an insured interest bearing account or an insured certificate of deposit, as designated by the Buyer. Interest accruing thereon shall be held in accordance with this Agreement.
Agreement to Constitute Escrow Instructions. Exhibit B to this Agreement shall constitute the escrow instructions of Buyer to Anderson & Anderson Co., L.P.A. of 408 Park Avenue, P.O. Box ▇▇▇, ▇ron▇▇▇, ▇▇io 45638 (the "▇▇▇▇▇▇ ▇▇▇▇er"). An escrow has been established with the Escrow Holder (the "Escrow").