Common use of AUTHORIZATION FOR DISBURSEMENT Clause in Contracts

AUTHORIZATION FOR DISBURSEMENT. The Escrow Agent is hereby authorized and directed to issue its checks for each disbursement hereunder and the Escrow Agent shall be relieved of all liability with respect to making the disbursements in accordance with the provisions hereof.

Appears in 7 contracts

Samples: Escrow Agreement (Coastal Carolina Bancshares, Inc.), Escrow Agreement (Metro Bancshares, Inc.), Escrow Agreement (Atlantic Bancshares, Inc.)

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AUTHORIZATION FOR DISBURSEMENT. The Escrow Agent is hereby -------------------------------- authorized and directed to issue its checks for each disbursement hereunder and the Escrow Agent shall be relieved of all liability with respect to making the disbursements in accordance with the provisions hereof.

Appears in 1 contract

Samples: Escrow Agreement (Lee County Bancshares Inc)

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