Authorization to Record Documents and Disburse Funds Sample Clauses

Authorization to Record Documents and Disburse Funds. Escrow Holder is hereby authorized to record the documents and disburse the funds and documents called for hereunder upon the Close of Escrow, provided each of the following conditions has then been fulfilled: (i) The Title Company can issue in favor of District an extended coverage ALTA owner’s Policy of Title Insurance, with liability equal to the Purchase Price (or such lesser amount as shall have been requested by District), showing the Property vested in District subject only to the Permitted Title Exceptions. (ii) The Sellers and the District shall have deposited in Escrow the documents and funds required pursuant to Sections 2.9 and 2.10. (iii) The Sellers and District shall have confirmed to Escrow Holder that all Sellers Conditions and District Conditions have been satisfied or expressly waived in writing by the Party benefited thereby. Unless otherwise instructed in writing, Escrow Holder is authorized to record at the Close of Escrow any instrument delivered through this Escrow if necessary or proper for issuance of District’s title insurance policy.
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Authorization to Record Documents and Disburse Funds. Escrow Holder is hereby authorized to record the documents and disburse the funds and distribute the documents called for hereunder upon the Close of Escrow, provided each of the following conditions has then been fulfilled: The Title Company can issue in time of Buyer the Title Policy, with a liability in the amount of the Purchase Price, showing fee title to the Property vested in Buyer, subject only to the Pinnated Title Exceptions. Seller and Buyer shall have deposited in Escrow the documents and funds required pursuant to Section 6.
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Authorization to Record Documents and Disburse Funds. Escrow Holder is hereby authorized to record the documents and disburse the funds and distribute the documents called for hereunder upon the Close of Escrow, provided each of the following conditions has then been fulfilled: (a) The Title Company can issue in favor of Buyer the Title Policy, with liability equal to the Purchase Price, showing the Property vested in Buyer subject only to the Permitted Title Exceptions. If Seller has not removed all monetary liens, monetary encumbrances, or special assessments, or if a monetary claim is asserted by any third party, in addition to all other remedies Buyer may have at law or equity, Buyer may elect to consummate this transaction on the Close of Escrow and offset dollar for dollar against the Purchase Price an amount equal to any such monetary encumbrances and claims. (b) Escrow Holder shall have received Buyer’s notice of approval or satisfaction or waiver of all of the contingencies to Xxxxx’s obligations hereunder, as provided for in Section 12; (c) Escrow Holder shall have received Seller’s notice of approval or satisfaction or waiver of all of the contingencies to Seller’s obligations hereunder, as provided for in Section 13; and (d) Seller and Buyer shall have deposited in Escrow the documents required pursuant to Section 6, and Buyer shall have deposited into the Escrow Account the Purchase Price as provided in Section 3. Unless otherwise instructed in writing, Xxxxxx Holder is authorized to record at the Close of Escrow any instrument delivered through this Escrow if necessary or proper for issuance of policies of title insurance.
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Authorization to Record Documents and Disburse Funds a. Escrow Holder is hereby authorized and directed to record the documents and disburse the funds and documents called for hereunder, provided each of the following conditions have been, or will concurrently with the Close of Escrow, be fulfilled: (1) Title Company has committed to issue to City, or its designee a title insurance policy with liability equal to the Purchase Price, in accordance with Section 8.13 above. (2) Owner shall have deposited into escrow the grant deed(s) and the funds, if any, required of it hereunder. b. City shall deposit into escrow the documents and funds required of City under this Covenant Agreement. c. Escrow Holder is authorized to record any instrument delivered through this escrow if necessary or proper for the issuance of the Title Policy referred to above. d. City has approved in writing the condition to Title of the Property on or before the date set forth in Section 8.13 of this Covenant Agreement. e. City has approved in writing, within the time set forth in Section 8.19. a, Inspection and Contingency Period, all investigations, due diligence, entitlement processing, approvals, etc. f. Owner shall remove any debris or improvements from the Property to the satisfaction of City.
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Authorization to Record Documents and Disburse Funds. 10.1 Escrow Holder is hereby authorized to record and distribute the documents and disburse the funds called for hereunder, provided each of the following conditions have been met: (a) Title Company is prepared to issue a Policy of Title Insurance, A.L.T.A. 1970 Form "B," with liability equal to the Purchase Price, containing such endorsements or affirmative coverage as Buyer or Buyer's lender may request, showing title to the Property vested in Buyer, or assignee, free of liens, encumbrances, easements, restrictions, rights and conditions of record or known to Seller, other than: (i) real property taxes not then delinquent; (ii) all covenants, conditions, restrictions, and public utility easements of record affecting title as shown in the Preliminary Report, except for such exceptions and other matters which Buyer shall have disapproved, which disapproval shall not have been subsequently waived in writing by Buyer; and (iii) all matters disclosed by the Survey and not disapproved by Buyer. (b) The approvals and conditions provided for in Section 4 above have been met. (c) Seller shall have deposited the Grant Deed. (d) Buyer and Seller shall have deposited in Escrow the funds and other documents provided for herein.
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Authorization to Record Documents and Disburse Funds. Escrow Holder is hereby authorized to record the documents and disburse the funds (including without limitation the remaining balances of the City Parcels Purchase Price Down Payment and Authority Parcels Purchase Price Down Payment remaining after City’s and Authority’s respective costs, fees, and expenses due hereunder have been paid) and distribute the documents called for hereunder upon the Close of Escrow, provided each of the following conditions has then been fulfilled: 7.1 The Title Company can issue the Title Policy, with a liability amount equal to the sum of the City Parcels Purchase Price and Authority Parcels Purchase Price, showing fee title to the City Parcels and Authority Parcels vested in Buyer, subject only to the Permitted Title Exceptions (or as otherwise provided in Section 5.1 above). 7.2 Escrow Holder shall have received Buyer’s authorization to close; 7.3 Escrow Holder shall have received City’s and Authority’s authorization to close; and 7.4 City, Authority, and Buyer shall have deposited in Escrow the documents and funds required pursuant to Section 6. Unless otherwise instructed in writing, Xxxxxx Holder is authorized to record at the Close of Escrow any instrument delivered through this Escrow if necessary or proper for the issuance of the Title Policy.
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Authorization to Record Documents and Disburse Funds. Escrow Holder is hereby authorized to record the documents and disburse the funds and documents called for hereunder upon the Close of Escrow, provided each of the following conditions has then been fulfilled:
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Authorization to Record Documents and Disburse Funds. Escrow Agent is hereby authorized to record the documents for a Phase, disburse the funds for a Phase and distribute the documents relating to that Phase upon the Close of Escrow for the applicable Phase, provided each of the following conditions has then been fulfilled (or waived in writing by the party benefited thereby): 5.9.1 The Title Company is irrevocably committed to issue in favor of Developer the Developer Title Policy, with a liability amount equal to the applicable purchase price for the Phase being acquired (or such higher liability amount, if elected and paid for by Developer), showing fee title to such Phase vested in Developer, subject only to the title exceptions described in Section 5.5; 5.9.2 With respect to the Residential Phase, the Title Company is irrevocably committed to issue an ALTA lender’s title policy (Form B - 1970) to City in such amount as may be approved by City, subject only to the title exceptions in the Developer’s title policy for that Phase, with the same endorsements as the Developer’s Title Policy and such additional endorsements as may be reasonably required by City; 5.9.3 Escrow Agent shall have received City’s and Developer’s authorizations to close (which may not be unreasonably withheld, conditioned or delayed); and 5.9.4 City and Developer shall have deposited in Escrow the documents and funds required to be deposited in Escrow pursuant to Section 5.8.1 and 5.8.2, and Developer shall have delivered to City the documents it is required to deliver directly to City under Section 5.8.3 above for such Phase. Unless otherwise instructed in writing, Escrow Agent is authorized to record at the Close of Escrow any other documents or instrument delivered to Escrow Agent if necessary or proper for the issuance of title insurance.
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Authorization to Record Documents and Disburse Funds. Escrow Holder shall be authorized to record the documents, disburse the funds and distribute the documents called for hereunder upon the Close of Escrow, provided each of the following conditions has then been fulfilled: (a) The Title Company can issue in name of Buyer, the Title Policy, with a liability amount equal to the Purchase Price, showing fee title to the Subject Property vested in Buyer, subject only to the Title Exceptions; and (b) Seller and Buyer shall have deposited in Escrow the documents and funds required pursuant to Section 16 Escrow Deposit and Seller’s Cost Deposit and Section 22 Deposit of Documents and Funds in Escrow.
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Related to Authorization to Record Documents and Disburse Funds

  • Accounts and Disbursements The Custodian shall establish and maintain a separate account for each Portfolio and shall credit to the separate account all moneys received by it or a Sub-Custodian for the account of such Portfolio and shall disburse, or cause a Sub-Custodian to disburse, the same only: 1. In payment for Securities purchased for the Portfolio, as provided in Section 7 hereof; 2. In payment of dividends or distributions with respect to the Shares of such Portfolio, as provided in Section 11 hereof; 3. In payment of original issue or other taxes with respect to the Shares of such Portfolio, as provided in Section 12(c) hereof; 4. In payment for Shares which have been redeemed by such Portfolio, as provided in Section 12 hereof; 5. In payment of fees and in reimbursement of the expenses and liabilities of the Custodian attributable to the Fund, as provided in Sections 5 and 16(h) hereof; 6. Pursuant to Instructions setting forth the name of the Portfolio and the name and address of the person to whom the payment is to be made, the amount to be paid and the purpose for which payment is to be made.

  • Costs and Disbursements (a) Except as otherwise provided in this Agreement or in the Schedules to this Agreement, a Recipient of Services shall pay to the Provider of such Services a monthly fee for the Services (or category of Services, as applicable) (each fee constituting a “Service Charge” and, collectively, “Service Charges”), which Service Charges shall be agreed to by the Parties from time to time and generally determined in a manner consistent with the methodology used by HBIO for assessing fees with respect to the HXXX Business; provided further that to the extent the Service Charge for a particular Service is accrued on an hourly basis, such Service Charge shall be paid monthly by the Recipient and include the aggregate amount of the hourly charges for the immediate preceding month. During the term of this Agreement, the amount of a Service Charge for any Services (or category of Services, as applicable) may increase to the extent of: (i) any increases mutually agreed to by the Parties, (ii) any Service Charges applicable to any Additional Services or New Services, and (iii) any increase in the rates or charges imposed by any third-party provider that is providing Services. Together with any monthly invoice for Service Charges, the Provider shall provide the Recipient with documentation to support the calculation of such Service Charges. (b) Recipient shall reimburse Provider for all reasonable out-of-pocket costs and expenses incurred by Provider or its Affiliates in connection with providing the Services to the extent that such costs and expenses are not reflected in the Service Charge for such Services; provided, however, that any such cost or expense not consistent with historical practice between the Parties and exceeding $2,500 per month, for any Service (including business travel and related expenses) shall require advance approval of the Recipient. Any authorized travel-related expenses incurred in performing the Services shall be incurred and charged to Recipient in accordance with Provider’s then applicable business travel policies. (c) The Recipient shall pay the amount of each such invoice by wire transfer (or such other method of payment as may be agreed between the Parties) to the Provider within thirty (30) days of the receipt of each such invoice, including appropriate documentation as described herein, as instructed by the Provider. In the absence of a timely notice of billing dispute in accordance with the provisions of Article IX of this Agreement, if the Recipient fails to pay such amount by the due date, the Recipient shall be obligated to pay to the Provider, in addition to the amount due, interest at an annual default interest rate of three percent (3%), or the maximum legal rate whichever is lower (the “Interest Payment”), accruing from the date the payment was due through the date of actual payment. (d) Subject to the confidentiality provisions set forth in Section 11.03, each Party shall, and shall cause their respective Affiliates to, provide, upon ten (10) days’ prior written notice from the other Party, any information within such Party’s or its Affiliates’ possession that the requesting Party reasonably requests in connection with any Services being provided to such requesting Party by an unaffiliated third-party provider, including any applicable invoices, agreements documenting the arrangements between such third-party provider and the Provider and other supporting documentation; provided, however, that each Party shall make no more than one such request during any fiscal quarter.

  • Deposit and Disbursement Accounts Disclosure Schedule (3.19) lists all banks and other financial institutions at which any Credit Party maintains deposit or other accounts as of the Closing Date, including any Disbursement Accounts, and such Schedule correctly identifies the name, address and telephone number of each depository, the name in which the account is held, a description of the purpose of the account, and the complete account number therefor.

  • OWNERSHIP CERTIFICATES AND DISCLOSURE OF THE FUND'S INTEREST The Custodian is hereby authorized to execute on behalf of the Fund ownership certificates, affidavits or other disclosure required under Applicable Law or established market practice in connection with the receipt of income, capital gains or other payments by the Fund with respect to Investments, or in connection with the sale, purchase or ownership of Investments. With respect to securities issued in the United States of America, the Custodian [ ] may [ ] may not release the identity of the Fund to an issuer which requests such information pursuant to the Shareholder Communications Act of 1985 for the specific purpose of direct communications between such issuer and the Fund. IF NO BOX IS CHECKED, THE CUSTODIAN SHALL RELEASE SUCH INFORMATION UNTIL IT RECEIVES CONTRARY INSTRUCTIONS FROM THE FUND. With respect to securities issued outside of the United States of America, information shall be released in accordance with law or custom of the particular country in which such security is located.

  • Access to Records and Documents It shall permit the Administrative Agent (or, if Independent Accountants are not engaged by the Collateral Manager or the Borrower, Protiviti, Inc. or another nationally recognized audit firm selected by the Administrative Agent with prior notice to the Borrower and subject to delivery of standard confidentiality agreements) to, upon reasonable advance notice and during normal business hours, but, so long as no Event of Default has occurred and is continuing, no more than one (1) time per calendar year, visit and inspect and make copies thereof at reasonable intervals (i) its books, records and accounts relating to its business, financial condition, operations, assets and its performance under the Facility Documents and the Related Documents and to discuss the foregoing with its and such Person’s officers, partners, employees and accountants, and (ii) all of its Related Documents, in each case as often as the Administrative Agent may reasonably request; provided that so long as no Event of Default has occurred and is continuing, the Borrower shall be responsible for all costs and expenses for only one such visit per fiscal year by the Administrative Agent or its respective designees; provided, further, that an officer or employee of the Collateral Manager shall have the opportunity to be present at any discussion between the Administrative Agent, any Lender or any other Person designated by the Administrative Agent, on the one hand, and the Collateral Manager’s accountants, on the other hand. The Administrative Agent shall provide two (2) Business Days’ prior notice to the Lenders of any such visit and any Lender shall be permitted to accompany the Administrative Agent in such visit. Any such visit and inspection shall be made simultaneously with any visit and inspection pursuant to Section 5.01(e).

  • Limitation of Vendor Indemnification and Similar Clauses This is a requirement of the TIPS Contract and is non-negotiable TIPS, a department of Region 8 Education Service Center, a political subdivision, and local government entity of the State of Texas, is prohibited from indemnifying third-parties (pursuant to the Article 3, Section 52 of the Texas Constitution) except as otherwise specifically provided for by law or as ordered by a court of competent jurisdiction. Article 3, Section 52 of the Texas Constitution states that "no debt shall be created by or on behalf of the State … " and the Texas Attorney General has opined that a contractually imposed obligation of indemnity creates a "debt" in the constitutional sense. Tex. Att'y Gen. Op. No. MW-475 (1982). Thus, contract clauses which require TIPS to indemnify Vendor, pay liquidated damages, pay attorney's fees, waive Vendor's liability, or waive any applicable statute of limitations must be deleted or qualified with ''to the extent permitted by the Constitution and Laws of the State of Texas." Does Vendor agree? Yes, I Agree TIPS, a department of Region 8 Education Service Center, a political subdivision, and local government entity of the State of Texas, does not agree to binding arbitration as a remedy to dispute and no such provision shall be permitted in this Agreement with TIPS. Vendor agrees that any claim arising out of or related to this Agreement, except those specifically and expressly waived or negotiated within this Agreement, may be subject to non-binding mediation at the request of either party to be conducted by a mutually agreed upon mediator as prerequisite to the filing of any lawsuit arising out of or related to this Agreement. Mediation shall be held in either Camp or Titus County, Texas. Agreements reached in mediation will be subject to the approval by the Region 8 ESC's Board of Directors, authorized signature of the Parties if approved by the Board of Directors, and, once approved by the Board of Directors and properly signed, shall thereafter be enforceable as provided by the laws of the State of Texas. Does Vendor agree? Yes, Vendor agrees Does Vendor agree? Yes, Vendor agrees Vendor agrees that nothing in this Agreement shall be construed as a waiver of sovereign or government immunity; nor constitute or be construed as a waiver of any of the privileges, rights, defenses, remedies, or immunities available to Region 8 Education Service Center or its TIPS Department. The failure to enforce, or any delay in the enforcement, of any privileges, rights, defenses, remedies, or immunities available to Region 8 Education Service Center or its TIPS Department under this Agreement or under applicable law shall not constitute a waiver of such privileges, rights, defenses, remedies, or immunities or be considered as a basis for estoppel. Does Vendor agree? Yes, Vendor agrees Vendor agrees that TIPS and TIPS Members shall not be liable for interest or late-payment fees on past-due balances at a rate higher than permitted by the laws or regulations of the jurisdiction of the TIPS Member. Funding-Out Clause: Vendor agrees to abide by the applicable laws and regulations, including but not limited to Texas Local Government Code § 271.903, or any other statutory or regulatory limitation of the jurisdiction of any TIPS Member, which requires that contracts approved by TIPS or a TIPS Member are subject to the budgeting and appropriation of currently available funds by the entity or its governing body.

  • FEES AND DISBURSEMENTS The fees for Services shall be in accordance with the fee schedule as agreed upon between the Client and the Customs Broker, as amended from time to time (the “Fees”). (a) Disbursements incurred by the Customs Broker on behalf of the Client shall be reimbursed to the Customs Broker by the Client.

  • RECORDS AND AUDIT PROVISIONS ON-SITE AND OFF-SITE REVIEWS/AUDITS

  • Quality control records and Documents The Contractor shall hand over a copy of all its quality control records and documents to the Authority’s Engineer before the Completion Certificate is issued pursuant to Clause 12.2. The Contractor shall submit Road Signage Plans to the Authority Engineer for approval at least 6 (six) months prior to expected completion of Project Highway.

  • Documents, Records and Funds in Possession of the Master Servicer To Be Held for Trustee.

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