Common use of Distribution of Funds and Documents Following Close of Escrow Clause in Contracts

Distribution of Funds and Documents Following Close of Escrow. Following Close of Escrow, Escrow Holder shall distribute the documents as follows: To Seller: (a) The cash portion of the Purchase Price as set forth in Section 2.2, less costs, offsets and prorations in accordance with the provisions of this Agreement; (b) One (1) fully executed duplicate original of the Xxxx of Sale; (c) One (1) fully executed duplicate original of the Assignment of Intangibles; (d) One (1) fully executed duplicate original of the Assignment of Contracts; (e) One (1) fully executed duplicate original of the Assignment of Ground Lease; (f) One (1) duplicate original or conformed copy as appropriate, of any other document to be received by Seller through Escrow pursuant to the provisions of this Agreement; and (g) One (1) copy of any other document delivered to Escrow Holder by Purchaser or Seller pursuant to the terms of this Agreement. To Purchaser: (a) Any excess funds deposited by Purchaser which remain after disbursement to Seller; (b) One (1) conformed copy of the Deed, the original to be mailed to Purchaser following the recordation thereof; (c) One (1) duplicate original of the Xxxx of Sale; (d) One (1) duplicate original of the Assignment of Intangibles; (e) One (1) duplicate original of the Assignment of Contracts; (f) One (1) duplicate original of the Assignment of Ground Lease; (g) One (1) duplicate original or conformed copy as appropriate, of any other document to be received by Purchaser through Escrow pursuant to the provisions of this Agreement; (h) One (1) copy of any other document delivered to Escrow Holder by Purchaser or Seller pursuant to the terms of this Agreement; and (i) The original of the Title Policy.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Chesapeake Lodging Trust)

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Distribution of Funds and Documents Following Close of Escrow. Following Close of Escrow, Escrow Holder shall distribute the documents as follows: To Seller: (a) The cash portion of the Purchase Price as set forth in Section 2.2, less costs, offsets and prorations in accordance with the provisions of this Agreement; (b) One (1) fully executed duplicate original of the Xxxx of Sale; (c) One (1) fully executed duplicate original of the Assignment of Intangibles; (d) One (1) fully executed duplicate original of the Assignment of Contracts; (e) One (1) fully executed duplicate original of the Assignment of Ground Lease; (f) One (1) duplicate original or conformed copy as appropriate, of any other document to be received by Seller through Escrow pursuant to the provisions of this Agreement; and (gf) One (1) copy of any other document delivered to Escrow Holder by Purchaser or Seller pursuant to the terms of this Agreement. To Purchaser: (a) Any excess funds deposited by Purchaser which remain after disbursement to Seller; (b) One (1) conformed copy of the Deed, the original to be mailed to Purchaser following the recordation thereof; (c) One (1) duplicate original of the Xxxx of Sale; (d) One (1) duplicate original of the Assignment of Intangibles; (e) One (1) duplicate original of the Assignment of Contracts; (f) One (1) duplicate original of the Assignment of Ground Lease; (g) One (1) duplicate original or conformed copy as appropriate, of any other document to be received by Purchaser through Escrow pursuant to the provisions of this Agreement; (hg) One (1) copy of any other document delivered to Escrow Holder by Purchaser or Seller pursuant to the terms of this Agreement; and (ih) The original of the Title Policy.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Chesapeake Lodging Trust)

Distribution of Funds and Documents Following Close of Escrow. Following Close of Escrow, Escrow Holder shall distribute the documents as follows: To Seller: (a) The cash portion of the Purchase Price as set forth in Section 2.2, less costs, offsets and prorations in accordance with the provisions of this Agreement; (b) One (1) fully executed duplicate original of the Xxxx of Sale; (c) One (1) fully executed duplicate original of the Assignment of Intangibles; (d) One (1) fully executed duplicate original of the Assignment of Contracts; (e) One (1) fully executed duplicate original of the Assignment of Ground Lease; (f) One (1) duplicate original or conformed copy as appropriate, of any other document to be received by Seller through Escrow pursuant to the provisions of this Agreement; and (gc) One (1) copy of any other document delivered to Escrow Holder by Purchaser or Seller pursuant to the terms of this Agreement. To Purchaser: (a) Any excess funds deposited by Purchaser which remain after disbursement to Seller; (b) One (1) conformed copy of the Deed, the original to be mailed to Purchaser following the recordation thereof; (c) One (1) duplicate original of the Xxxx of Sale; (d) One (1) duplicate original of the Assignment of Intangibles; (e) One (1) duplicate original of the Assignment of Contracts; (f) One (1) duplicate original of the Assignment of Ground Lease; (g) One (1) duplicate original or conformed copy as appropriate, of any other document to be received by Purchaser through Escrow pursuant to the provisions of this Agreement; (hd) One (1) copy of any other document delivered to Escrow Holder by Purchaser or Seller pursuant to the terms of this Agreement; and (ie) The original of the Title Policy.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Chesapeake Lodging Trust)

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Distribution of Funds and Documents Following Close of Escrow. Following Close of Escrow, Escrow Holder shall distribute the documents as follows: To Seller: (a) The cash portion of the Purchase Price as set forth in Section 2.2, less costs, offsets and prorations in accordance with the provisions of this Agreement; (b) One (1) fully executed duplicate original of the Xxxx Bill of Sale; (c) One (1) fully executed duplicate original of the Assignment of Intangibles; (d) One (1) fully executed duplicate original of the Assignment of Contracts; (e) One (1) fully executed duplicate original of the Assignment of Ground LeaseTenant Leases; (f) A copy of the Title Policy issued to Purchaser; (g) One (1) duplicate original or conformed copy as appropriate, of any other document to be received by Seller through Escrow pursuant to the provisions of this Agreement; and (gh) One (1) copy of any other document delivered to Escrow Holder by Purchaser or Seller pursuant to the terms of this Agreement. To Purchaser: (a) Any excess funds deposited by Purchaser which remain after disbursement to Seller; (b) One (1) conformed copy of the Grant Deed, the original to be mailed to Purchaser following the recordation thereof; (c) One (1) duplicate original of the Xxxx Bill of Sale; (d) One (1) duplicate original of the Assignment Xxxxgnment of Intangibles; (e) One (1) duplicate original of the Assignment of Contracts; (f) One (1) duplicate original of the Assignment of Ground LeaseTenant Leases; (g) One (1) duplicate original or conformed copy as appropriate, of any other document to be received by Purchaser through Escrow pursuant to the provisions of this Agreement; (h) One (1) copy of any other document delivered to Escrow Holder by Purchaser or Seller pursuant to the terms of this Agreement; and (i) The original of the Title Policy.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Ashford Hospitality Trust Inc)

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