Disbursements and Other Actions by Escrow Holder. Upon the Close of Escrow, Escrow Holder shall promptly undertake all of the following in the manner indicated:
Disbursements and Other Actions by Escrow Holder. Upon the Closing of Escrow, Escrow Holder shall promptly undertake all of the following in the following manner:
6.3.1 prorate all matters referenced in Section 2.6.2 based upon the statement delivered into Escrow signed by the parties;
6.3.2 cause the following documents to be recorded in the Official Records in the following order: (a) the Grant Deed, (b) the Deed of Trust, (c) the Subordination Agreement and (d) the Junior Deed of Trust;
6.3.3 concurrent with the recording of the instruments described in subparagraph (b) above, disburse from funds deposited by Buyer with Escrow Holder towards payment of all items (including, without limitation, the cash portion of the Purchase Price) chargeable to the account of Buyer pursuant hereto in payment of such costs, and disburse the balance of such funds, if any, to Buyer;
6.3.4 deliver to Seller (i) fully executed originals the Buyer’s Purchase Note, the General Assignment, the Assignment of Contracts, and any other document which is to be delivered to Seller hereunder or deposited into the Escrow for the benefit of Seller, and (ii) upon recordation in the Official Records, conformed and recorded copies of each of the Deed of Trust, the Subordination Agreement and the Junior Deed of Trust;
6.3.5 deliver to Buyer (i) fully executed originals of the Bxxx of Sale, the FIRPTA Certificate, the General Assignment, the Assignment of Contracts and any other documents which are to be delivered to Buyer hereunder, and (ii) conformed and recorded copies of each of the Subordination Agreement, the Deed of Trust and the Junior Deed of Trust; and
6.3.6 direct the Title Company to issue the Buyer’s Title Policy to Buyer and the Seller’s Title Policy to Seller.
Disbursements and Other Actions by Escrow Holder. At the Closing Date, Escrow Holder shall promptly undertake all of the following in the manner herein below indicated:
Disbursements and Other Actions by Escrow Holder. Upon the Closing, Escrow Holder shall promptly undertake all of the following (in accordance with (a) closing statements approved by the parties and (b) customary instructions to be provided by each party’s counsel prior to Closing, which may state the order in which the following actions must be undertaken):
Disbursements and Other Actions by Escrow Holder. Upon the Close of Escrow for any particular Property, Escrow Holder shall promptly undertake all of the following in the manner indicated:
14.1 Cause the Deed and any other documents that the parties to this Agreement may mutually direct, to be recorded in the official records of the county in which such Property is located, with documentary transfer stamps (or, in jurisdictions outside California, with information regarding the purchase price paid by Buyer) not affixed to the Deed or recorded and an appropriate affidavit in lieu thereof to be recorded, if the same is reasonably possible.
14.2 Disburse all funds deposited with Escrow Holder by Buyer, and not previously disbursed, as follows:
14.2.1 Pay to the parties entitled thereto amounts chargeable to the account of any Seller under the terms of this Agreement, including any prepayment fees to any lender or broker's commission payable by any Seller pursuant to Section 18, and charge those amounts to the applicable Seller's account.
14.2.2 Pay the remaining balance of the Purchase Price as directed by Sellers, after giving appropriate credit for any amount that may have been paid directly by Buyer to Sellers against the Purchase Price and of which Escrow Holder has been notified jointly by Buyer and Sellers.
14.2.3 When the foregoing disbursements have been made, refund any remaining balance in the Escrow to Buyer.
14.3 Direct the Title Company to issue the Owner's Title Policy and deliver an original of that policy to Buyer.
14.4 Deliver to both Buyer and Seller copies of all documents delivered to either party to, or recorded pursuant to, this Agreement.
14.5 Deliver to both Buyer and Seller a closing statement showing the distribution, application, receipt and earnings of all funds processed through Escrow.
Disbursements and Other Actions by Escrow Holder. By executing this Agreement where indicated below, Escrow Holder hereby agrees that (i) this Agreement shall constitute the instructions of the parties to Escrow Holder, which Escrow Holder accepts and agrees to perform, (ii) the instructions contained in this Agreement, and Escrow Holder’s agreement to complete the same, are irrevocable and may not be modified except in accordance with a writing signed by both Buyer and Seller, and (iii) at the Close of Escrow, Escrow Holder will promptly perform those duties set forth in Section 4.4.
Disbursements and Other Actions by Escrow Holder. Upon the Close of Escrow, Escrow Holder shall perform all of the following in the manner indicated:
Disbursements and Other Actions by Escrow Holder. Upon the Close of Escrow, Escrow Holder shall promptly undertake all of the following in the manner indicated:
13.1 Cause the Deed and any other documents that the parties to this Agreement may mutually direct, to be recorded in the Official Records of the County.
13.2 Disburse all funds deposited with Escrow Holder by Buyer as follows:
13.2.1 Deduct all amounts, if any, chargeable to the account of Buyer under the terms of this Agreement, and pay those amounts to the parties entitled to them.
13.2.2 Pay to the parties entitled to all amounts chargeable to the account of Seller under the terms of this Agreement, including the commission described in Section 16 below.
13.2.3 Pay the remaining balance of the Purchase Price as directed by Seller.
13.2.4 When all of the foregoing disbursements have been made, refund any remaining balance to Buyer.
13.3 Direct the Title Company to issue the Title Policy and deliver an original to Buyer.
13.4 Deliver to both Buyer and Seller a closing statement showing the distribution, application, receipt and earnings of all funds of such party processed through Escrow.
13.5 Deliver to Buyer the Xxxx of Sale.
13.6 Deliver to both Buyer and Seller a counterpart of the Assignment and Assumption of Lease and Contracts and the General Assignment (in each case executed by the other party).
Disbursements and Other Actions by Escrow Holder. Upon the close of each Purchase Escrow, Escrow Holder promptly shall undertake all of the following:
(a) Disburse all funds deposited with Escrow Holder by Buyer in payment of the Base Purchase Price of the Phase which is the subject of the Purchase Escrow as follows:
(i) Deduct all items chargeable to the account of Seller, and pay the amount of such items to the Persons entitled to the items; and
(ii) Disburse the remaining balance of the funds to Seller, or in accordance with Seller's written instructions, promptly upon the close of the Purchase Escrow;
(b) Bill Xxxer for or cause Buyer to pay all items chargeable to Buyer;
(c) Cause the Grant Deed (with documentary transfer tax information to be affixed after recording) to be recorded in the Official Records of the County;
(d) Prepare and deliver to each of Buyer and Seller two (2) conformed copies of the Grant Deed for the Phase which is the subject of the Purchase Escrow;
(e) Cause the Title Company to issue Buyer's Title Policy for the Phase which is the subject of the Purchase Escrow to Buyer;
(f) Deliver to Buyer the proof of authority deposited into Escrow by Seller;
(g) Deliver to Buyer the FIRPTA Certification and California Withholding Exemption Certificate deposited into Escrow by Seller; and
(h) Deliver to Seller the proof of authority deposited into Escrow by Buyer.
Disbursements and Other Actions by Escrow Holder. Subject to satisfaction for Xxxxx's benefit or waiver by Buyer of all conditions identified in Paragraph 5(a) and satisfaction for Seller's benefit or waiver by Seller of all conditions identified in Paragraph 5(b), on the Closing Date, Escrow Holder shall promptly undertake all of the following in the following manner:
