Common use of Distribution of Funds and Documents Clause in Contracts

Distribution of Funds and Documents. At the Closing, Escrow Agent shall do each of the following: (a) Payment of Encumbrances. Pay the amount required to release any Deeds of Trust described in Section 3.9 in accordance with the demands approved by Seller, utilizing funds to which Seller shall be entitled upon Close of Escrow.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Neurocrine Biosciences Inc), Purchase and Sale Agreement (Neurocrine Biosciences Inc)

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Distribution of Funds and Documents. At the ClosingClose of Escrow, Escrow Agent shall do each of the following: (a1) Payment of Encumbrances. Pay the amount required to release any Deeds of Trust described in Section 3.9 those monetary liens that are not permitted as Permitted Exceptions in accordance with the demands approved by Seller, utilizing funds to which Seller shall be entitled upon Close of EscrowEscrow and funds (if any) deposited in Escrow by Seller.

Appears in 2 contracts

Samples: Purchase Agreement, Purchase Agreement (Grubb & Ellis Healthcare REIT II, Inc.)

Distribution of Funds and Documents. At the ClosingClose of Escrow, Escrow Agent shall do each of the following: (a) 5.9.1 Payment of Encumbrances. Pay the amount required to release any Deeds of Trust described in Section 3.9 those monetary liens that are not permitted as part of the Required Title Condition in accordance with the demands approved by Seller, utilizing funds to which Seller shall be entitled upon Close of EscrowEscrow and funds (if any) deposited in Escrow by Seller.

Appears in 1 contract

Samples: Real Estate Purchase Agreement

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Distribution of Funds and Documents. At the ClosingClose of Escrow, Escrow Agent shall do each of the following: (a) Payment of Encumbrances. Pay the amount required to release any Deeds of Trust described in Section 3.9 in accordance with the demands approved by Seller, those monetary liens that are not Permitted Exceptions utilizing funds to which Seller shall be entitled upon Close of EscrowEscrow and funds (if any) deposited in Escrow by Seller.

Appears in 1 contract

Samples: Real Estate Purchase and Sale Agreement (Legend Properties Inc)

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