Common use of Closing the Account Clause in Contracts

Closing the Account. The Closing shall be completed forthwith and immediately thereafter Escrow Agent shall deposit the Funds in an interest bearing account at a federally chartered financial institution, the deposits of which are insured by the Federal Deposit Insurance Corporation, which should be designated as "Lawyers Title Insurance Company on behalf of Xxxxxx Powers, Ltd." (the "Account"). Unless and until there is a default by Xxxxxx pursuant to Paragraph 3 following, interest accruing on the Account shall be paid monthly to Xxxxxx.

Closing the Account. The Closing shall be completed forthwith and immediately thereafter Escrow Agent shall deposit the Funds in an interest bearing account at a federally chartered financial institution, the deposits of which are insured by the Federal Deposit Insurance Corporation, which should be designated as "Lawyers Title Insurance Company on behalf of Xxxxxx Bishop Powers, Ltd." (the "Account"). Unless and until there is a default by Xxxxxx pursuant to Paragraph 3 following, interest Interest accruing on the Accoxxx xxaxx xxxained in the Account shall be paid monthly to Xxxxxxuntil disbursed in accordance with this Escrow Agreement.

Closing the Account. The Closing shall be completed forthwith and immediately thereafter Escrow Agent shall deposit the Funds in an interest bearing account at a federally chartered financial institution, the deposits of which are insured by the Federal Deposit Insurance Corporation, which should be designated as "Lawyers Title Insurance Company on behalf of Xxxxxx Bishop Powers, Ltd." (the "Account"). Unless and until there is a default by Xxxxxx pursuant to Paragraph 3 following, interest Interest accruing on the Accoxxx xxall retained in the Account shall be paid monthly to Xxxxxxuntil disbursed in accordance with this Escrow Agreement.

Closing the Account. The Closing shall be completed forthwith and immediately thereafter Escrow Agent shall deposit the Funds in an interest bearing account at a federally chartered financial institution, the deposits of which are insured by the Federal Deposit Insurance Corporation, which should be designated as "Lawyers Title Insurance Company on behalf of Xxxxxx Bishop Powers, Ltd." (the "Account"). Unless and until there is a default by Xxxxxx x xxxxuxx xx Bishop pursuant to Paragraph 3 following, interest accruing on the Account Xxxxxnt shall be paid monthly to XxxxxxBishop.

Closing the Account. The Closing shall be completed forthwith and immediately thereafter Escrow Agent shall deposit the Funds in an interest bearing account at a federally chartered financial institution, the deposits of which are insured by the Federal Deposit Insurance Corporation, which should be designated as "Lawyers Title Insurance Company on behalf of Xxxxxx Bishop Powers, Ltd." (the "Account"). Unless and until there is a default by Xxxxxx pursuant to Paragraph 3 following, interest accruing on the Account shall be paid monthly to Xxxxxx.

Closing the Account. The Closing shall be completed forthwith and immediately thereafter Escrow Agent shall deposit the Funds in an interest bearing account at a federally chartered financial institution, the deposits of which are insured by the Federal Deposit Insurance Corporation, which should be designated as "Lawyers Title Insurance Company on behalf of Xxxxxx Bishop Powers, Ltd." (the "Account"). Unless and until there is a default by Xxxxxx dexxxxx bx Xxxxop pursuant to Paragraph 3 following, interest accruing on the Account Axxxxxx shall be paid monthly to XxxxxxBishop.