Disbursements and Other Actions by Escrow Holder Sample Clauses
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 Close of Escrow, Escrow Holder shall promptly undertake all of the following in the manner indicated:
a. Escrow Holder shall cause the Grant Deed to be recorded in the Official Records of the County, together with any other documents that the parties hereto may mutually direct.
b. Escrow Holder shall hold and/or disburse all funds deposited with Escrow Holder by Buyer as follows:
i. Deduct (and disburse) all items chargeable to the account of Buyer pursuant hereto;
ii. Deduct (and disburse or credit to Buyer where appropriate) all items chargeable to the account of Seller pursuant hereto (including, without limitation, any credits and/or reimbursements to which Buyer is entitled where expressly provided in this Agreement); and
iii. Refund to Buyer any excess funds deposited by Buyer.
c. Escrow Holder shall direct the Title Company to issue the Title Policy to Buyer.
d. Escrow Holder shall deliver to Buyer and Seller, originals of the executed counterparts of the documents and instruments deposited by the parties pursuant to Section 11 hereof that are not recorded, and copies of all recorded documents; to Buyer only, the original of the Certification; and to Seller only, the originals of the Notices of Special Tax.
e. Escrow Holder shall deliver to Buyer and Seller duplicate originals or copies (as the case may be) of all documents delivered by Escrow Holder to Buyer at Closing.
f. Escrow Holder shall provide Buyer and Seller with a closing statement covering the sale of the Property to Buyer.
Disbursements and Other Actions by Escrow Holder. Upon the Close of Escrow, Escrow Holder shall promptly undertake all of the following (A) deliver to the “County Recorder” and cause the Deed (with documentary transfer tax information to be affixed after recording) and any other documents which the parties hereto may mutually direct to be recorded in the Official Records of the County and obtain conformed copies thereof for distribution to Buyer and Seller, (B) direct the Title Company to issue the Title Policy to Buyer, (C) disburse the Purchase Price, after adjustment pursuant to the terms of this Agreement for expenses and prorations, to Seller and deliver the balance of the funds placed in escrow by Buyer, if any, to Buyer, (D) disburse to Buyer a conformed copy of the Deed and executed originals of the Tenant Lease Assignment, the General Assignment, the Bxxx of Sale, the FIRPTA Certificate, the Form 593, the Tenant Notification Letters and change of address notices duly executed by Seller and any other documents (or copies thereof) deposited into Escrow by Seller pursuant hereto, and (E) disburse to Seller a conformed copy of the Deed and executed originals of the Tenant Lease Assignment, and the General Assignment.
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, 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 Leases and Contracts and the General Assignment (in each case executed by the other party).
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. 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:
Disbursements and Other Actions by Escrow Holder. Upon the Closing, Escrow Holder shall (A) direct the Title Company to issue the Owner’s Policy to Buyer, (B) record the Memorandum in the Office of the County Recorder, (C) disburse the Purchase Price, after adjustment pursuant to the terms of this Agreement for expenses and prorations and less the amount of the Building Materials Holdback and the Closure Holdback (as defined below), to Seller, and deliver the balance of the funds, if any, to Buyer, and (D) disburse to Buyer and Seller an original executed counterpart of Stanford’s Consent, Xxxx of Sale, Assignment and Assumption, Ground Lease Assignment, Memorandum, and any other documents (or copies thereof) deposited into Escrow by Buyer or Seller pursuant hereto.