CLOSING; ESCROW AGENT. (a) The purchase and sale of the Properties shall be closed (the "Closing") within 15 days after the satisfaction or waiver of all of the conditions and requirements set forth in this Agreement, including, without limitation, receipt of the Proxy Consent, but in no event shall the Closing occur later than November 30, 1998 (the "Closing Date"). The Closing shall occur at Seller's offices or at such other location agreed to by Seller and Buyer. The Closing documents shall be dated as of the Closing Date.
(b) On or prior to the Closing Date, the parties hereto shall deposit with Title Company all documents and moneys necessary to comply with their obligations under this Agreement. Title Company shall not cause the transaction to close unless and until it has received written instructions from Buyer and Seller to do so. Seller and Buyer hereby engage Title Company to act as escrow agent in connection with this transaction. Seller and Buyer will deliver to Title Company all documents, pay to Title Company all sums and do or cause to be done all other things necessary or required by this Agreement, in the reasonable judgment of Title Company, to enable Title Company to comply herewith and to enable any title insurance policy provided for herein to be issued. Title Company is authorized to pay, from any funds held by it for Buyer's or Seller's respective credit, all amounts necessary to procure the delivery of such documents and to pay, on behalf of Buyer and Seller, all charges and obligations payable by them, respectively. Seller and Buyer will pay all charges payable by them to Title Company. Title Company is authorized, in the event any conflicting demand is made upon it concerning these instructions or the escrow, at its election, to hold any documents and/or funds deposited hereunder until an action shall be brought in a court of competent jurisdiction to determine the rights of Seller and Buyer or to interplead such documents and/or funds in an action brought in any such court. Deposit by Title Company of such documents and funds, after deducting therefrom its charges and its expenses and attorneys' fees incurred in connection with any such court action, shall relieve Title Company of all further liability and responsibility for such documents and funds. Title Company's receipt of this Agreement and opening of an escrow pursuant to this Agreement shall be deemed to constitute conclusive evidence of Title Company's agreement to be bound by the terms and co...
CLOSING; ESCROW AGENT. If either Buyer or Seller so requests, Buyer, Seller and the Escrow Agent shall execute and deliver, not later than two Business Days prior to the Closing, a closing escrow agreement (in form and substance reasonably acceptable to Buyer, Seller and the Escrow Agent), providing for the appointment and responsibilities of such Escrow Agent with respect to implementation of the Closing.
CLOSING; ESCROW AGENT. The escrow agent under the Closing Escrow Agreement shall be the Bank (in relation to the Closing Escrow Agreement, the "Closing Escrow Agent").
CLOSING; ESCROW AGENT. “Closing Escrow Agent” has the meaning set forth in Section 1.5(d).
CLOSING; ESCROW AGENT. Review for base understanding and your ability to paraphrase and explain to seller(s).
CLOSING; ESCROW AGENT. Purchaser agrees to employ a qualified title company, law firm, or independent escrow company, chosen solely by Purchaser (the "Closing or Escrow Agent") to handle, among other matters, the title work, collection, preparation, obtaining the proper signatures upon and recordation of documents and collection and distribution of funds related to this transaction where Seller transfers the title to the Property to the Purchaser (the "Closing" or "Close").
CLOSING; ESCROW AGENT. 28 7. Fee..................................................................... 29 8.
CLOSING; ESCROW AGENT. The Closing of each Loan and Equipment Loan shall be consummated upon satisfaction of all of the terms and conditions contained in this Agreement with respect to each Loan and the related Equipment Loan and in accordance with the following requirements:
(i) The Closing shall occur at such location as is mutually agreed to by the parties. Prior to the Closing Date, the parties hereto shall deposit with the Title Company all documents and moneys necessary to comply with their obligations under this Agreement. The Title Company shall not cause the Loan to close unless and until it has received written instructions from FFCA and Debtor to do so. All reasonable costs of negotiating and preparing the Loan Documents with respect to such Loan and arising in connection with the Closing shall be borne by Debtor, including, without limitation, all premiums, search charges, attorney review charges, endorsements and other costs associated with the issuance of the title insurance policies contemplated by this Agreement, attorneys' fees of Debtor (including Debtor's Counsel), reasonable attorneys' fees of FFCA (including FFCA's Counsel), the cost of the surveys, the costs of appraisals, stamp taxes, transfer fees, escrow and recording fees, and the actual and reasonable out-of-pocket expenses incurred by or on behalf of FFCA, in connection with the due diligence and site review (which, if FFCA's in-house site inspectors are utilized instead of using appraisals, is estimated to cost approximately $600.00 per Site). All real and personal property and other applicable taxes and assessments and other charges relating to the Site which are due and payable on or prior to the Closing Date, as well as such taxes and assessments due and payable subsequent to the Closing Date but which Title Company requires to be paid at Closing as a condition to the issuance of a title insurance policy described in Section 12.C, shall be paid by Debtor at or prior to the Closing. The closing documents shall be dated as of the Closing Date.
(ii) Debtor and FFCA hereby employ the Title Company to act as escrow agent in connection with the Closing. The Title Company shall not be authorized to disburse any funds received by it from Debtor or FFCA, or to record or deliver any documents deposited with it by or on behalf of either Debtor or FFCA, without the joint written instructions of Debtor and FFCA, and each of the following terms and conditions of this Section are limited by such qualification; p...
CLOSING; ESCROW AGENT. RAn escrow agent is a person or entity that holds property in trust for third parties while a transaction is finalized or a disagreement is resolved. The role of escrow agent is often played by the title company or an attorney.
CLOSING; ESCROW AGENT. Buyer and Seller agree that The Closing Agent, LLC (00 X. Xxxxxxxxx Ave., Orlando, FL 32801) shall be the closing agent for the sale. The parties further agree that The Closing Agent shall issue the title insurance.
