Common use of Closing Agent Clause in Contracts

Closing Agent. Seller will notify Closing Agent of its designation as the escrow agent under this Agreement and obligation to hold and disburse the Deposit as provided in this Agreement. The provisions of this Agreement will constitute joint instructions to Closing Agent to consummate the purchase in accordance with the terms and provisions of this Agreement; provided, however, that the parties will execute such additional closing instructions, not inconsistent with the provisions of this Agreement, as may be deemed reasonably necessary to carry out the intentions of the parties as expressed in this Agreement. The provisions of this section will survive the Closing or termination of this Agreement and shall not merge into the Deed. Except for its grossly negligent or willful acts, Closing Agent is excused from all responsibility, including insolvency of any depository that holds the Deposit, and will be indemnified and held harmless by the parties from all claims, demands, liability, costs and expenses associated with its duties as Closing Agent. If there is a dispute as to the disposition of the Purchase Price, Deposit, Remaining Balance, or any closing documents, Closing Agent may interplead all parties and thereafter be freed from further liability to either or both parties.

Closing Agent. Seller will notify Closing Agent of its designation as the escrow agent under this Agreement and obligation to hold and disburse the Deposit as provided in this Agreement. The provisions of this Agreement will constitute joint instructions to Closing Agent to consummate the purchase in accordance with the terms and provisions of this Agreement; provided, however, that the parties will execute such additional closing instructions, not inconsistent with the provisions of this Agreement, as may be deemed reasonably necessary to carry out the intentions of the parties as expressed in this Agreement. The provisions of this section will survive the Closing or termination of this Agreement and shall not merge into the Deed. Except for its grossly negligent or willful acts, Closing Agent is excused from all responsibility, including insolvency of any depository that holds the Deposit, and will be indemnified and held harmless by the parties from all claims, demands, liability, costs and expenses associated with its duties as Closing Agent. If there is a dispute as to the disposition of the Purchase Price, Deposit, Remaining Balance, or any closing documents, Closing Agent may interplead all parties and thereafter be freed from further liability to either or both parties.. ___________________________ ___________________________

Closing Agent. Seller will notify Closing Agent of its designation as the escrow agent under this Agreement and obligation to hold and disburse the Deposit as provided in this Agreement. The provisions of this Agreement will constitute joint instructions to Closing Agent to consummate the purchase in accordance with the terms and provisions of this Agreement; provided, however, that the parties will execute such additional closing instructions, not inconsistent with the provisions of this Agreement, as may be deemed reasonably necessary to carry out the intentions of the parties as expressed in this Agreement. The provisions of this section will survive the Closing or termination of this Agreement and shall not merge into the Deed. Except for its grossly negligent or willful acts, Closing Agent is excused from all responsibility, including insolvency of any depository that holds the Deposit, and will be indemnified and held harmless by the parties from all claims, demands, liability, costs and expenses associated with its duties as Closing Agent. If there is a dispute as to the disposition of the Purchase Price, Deposit, Remaining Balance, or any closing documents, Closing Agent may interplead all parties and thereafter be freed from further liability to either or both parties.. [___________________________] [___________________________]

Closing Agent. Seller will notify Closing Agent of hereby accepts its designation as the escrow agent under this Agreement and obligation agrees to hold and disburse the Deposit and Holdback (if any) as provided in this Agreement. The provisions of this Agreement will constitute joint instructions to Closing Agent to consummate the purchase in accordance with the terms and provisions of this Agreement; provided, however, that the parties will execute such additional closing Closing instructions, not inconsistent with the provisions of this Agreement, as may be deemed reasonably necessary to carry out the intentions of the parties as expressed in this Agreement. The provisions of this section will survive the Closing or termination of this Agreement and shall not merge into the Deed. Except for its grossly negligent or willful acts, Closing Agent is excused from all responsibility, including insolvency of any depository that holds the DepositDeposit and Holdback (if any), and will be indemnified and held harmless by the parties from all claims, demands, liability, costs and expenses associated with its duties as Closing Agent. If there is a dispute as to the disposition of the Purchase Price, Deposit, Holdback, Remaining Balance, or any closing documents, Closing Agent may interplead all parties and thereafter be freed from further liability to either or both parties.