Closing Payment Request Clause Samples

Closing Payment Request. Upon Buyer’s delivery to Escrow Agent of a payment request that the Closing is scheduled to occur which must occur on or before the closed of business at five (5) o’clock p.m. Mountain Standard Time on December 31, 2010 (the “Closing Payment Request”), the Escrow Agent shall disburse to the Title Company acting as the Closing agent the amounts requested in such Closing Payment Request so that such funds are on deposit with the Title Company at the Closing. All Payment Requests shall set forth the amount due and the name of the person and/or entity to which payment is to be made, its address, and wiring instructions, if any. Upon receipt of the documents required under the Closing Payment Request, Escrow Agent shall disburse the amount of funds due by wire transfer as set forth therein from the Escrow Account to the Title Company at Closing.