Collection Procedure. (a) The Escrow Agent is hereby authorized to forward each check for collection and, upon collection of the proceeds of each check, to deposit the collected proceeds in the Escrow Account or, alternatively, the Escrow Agent may telephone the bank on which the check is drawn to confirm that the check has been paid.
Appears in 22 contracts
Samples: Escrow Agreement (Orange Hospitality, INC), Escrow Agreement (Orange Hospitality, INC), Escrow Agreement (Orange Hospitality, INC)
Collection Procedure. (a) The Escrow Agent is hereby authorized to forward each check Payment for collection and, upon collection of the proceeds of each checkPayment, to deposit the collected proceeds in the Escrow Account or, alternatively, the Escrow Agent may telephone the bank on which the check is drawn to confirm that the check has been paidAccount.
Appears in 5 contracts
Samples: Escrow Agreement (Wellspring Aerospace International, Inc.), Escrow Agreement (Commonwealth Income & Growth Fund 8, LP), Escrow Agreement (Commonwealth Income & Growth Fund VII, LP)
Collection Procedure. (a) The Escrow Agent is hereby authorized to forward each check Payment for collection and, upon collection of the proceeds of each checkPayment, to deposit the collected proceeds in the Escrow Account or, alternatively, the Escrow Agent may telephone the bank on which the check Payment is drawn to confirm that the check Payment has been paid.
Appears in 4 contracts
Samples: Escrow Agreement (CNL Hospitality Properties II, Inc.), Escrow Agreement (CNL Income Properties Inc), Escrow Agreement (CNL Income Properties Inc)
Collection Procedure. (a) A. The Escrow Agent is hereby authorized to forward each check for collection and, upon collection of the proceeds of each check, to deposit the collected proceeds in the Escrow Account or, alternativelyAccount. As an alternative, the Escrow Agent may telephone the bank on which the check is drawn to confirm that the check has been paid.
Appears in 3 contracts
Samples: Escrow Agreement (Freedom Financial Holdings Inc), Escrow Agreement (Freedom Financial Holdings Inc), Escrow Agreement (Freedom Financial Holdings Inc)
Collection Procedure. (a) The Escrow Agent is hereby authorized to forward process each check Payment for collection and, upon collection of the proceeds of each checkPayment, to deposit the collected proceeds in the Escrow Account or, alternatively, the Escrow Agent may telephone the bank on which the check is drawn to confirm that the check has been paidAccount.
Appears in 1 contract
Collection Procedure. (a) The Escrow Agent is hereby authorized to forward each check for collection and, upon collection of the proceeds of each check, to deposit the collected proceeds in the Escrow Account or, alternativelyAccount. As an alternative, the Escrow Agent may telephone the bank on which the check is drawn to confirm that the check has been paid.
Appears in 1 contract
Samples: Escrow Agreement (Western Bancorp)
