ESCROW AGENT AND DEPOSIT. The escrow agent shall be Woods, Weidenmiller, Xxxxxxxx & Xxxxxxx, LLP (“Escrow Agent”), The Deposit will be held by Escrow Agent in a non-interest- bearing account in accordance with the Escrow Agreement between Escrow Agent and Developer, and its assigns. Escrow Agent will provide a receipt for the Deposit to Buyer.
ESCROW AGENT AND DEPOSIT. (a) The escrow agent referred to in Paragraph 2 above shall be Smith, Stratton, Wise, Herher & Xxxxxxx, attorneys at Law, (600 College Road-East, Princeton, N.J. 08540) (hereinafter referred to as "Escrow Agent"). The Escrow Agent shall hold the deposit and interest accrued thereon (hereinafter "escrow funds") pursuant to an ESCROW AGREEMENT, the form being attached to this AGREEMENT as Schedule C.
ESCROW AGENT AND DEPOSIT. The Deposit shall be held by Escrow Agent in an interest-bearing account in accordance with requirements set forth in Exhibit B. If the Closing occurs, then, subject to the procedures set forth in Exhibit B, Escrow Agent shall deliver the Deposit to Seller for application toward the Purchase Price. In the event that the Closing does not occur by the Closing Date, subject to the procedures set forth in Exhibit B, the Deposit shall be paid to the Party entitled to receive the Deposit in accordance with the terms of this Agreement. Any taxes due on interest income with respect to the Deposit shall be the sole responsibility of the Party receiving such interest. The provisions of this Section 2.2(b) shall survive any termination of this Agreement.
ESCROW AGENT AND DEPOSIT. The Purchaser shall deliver the Initial Deposit and Additional Deposit to the Escrow Agent. The Escrow Agent shall deposit the funds in an interest bearing account. In the event the Purchaser provides the Seller a timely termination notice pursuant to Section 4, then the Escrow Agent, subject to Section 4 (b), shall deliver to the Purchaser the Initial Deposit plus any interest earned thereon. In the event that the transactions set forth in this Agreement do not close due to the failure of a condition to the Closing specified in Section 13 of this Agreement, at the Purchaser's election, the Escrow Agent shall deliver the Deposit, plus any interest earned thereon, to the Purchaser. In the event the Purchaser does not or fails to give timely notice to the Seller under Section 4 and all the conditions of the Closing under Section 13 have been met, and the Purchaser fails to close, then the Escrow Agent shall deliver the Deposit, plus any interest earned thereon, to the Seller.
ESCROW AGENT AND DEPOSIT. The escrow agent shall be Woods, Cona Law (“Escrow Agent”), The Deposit will be held by Escrow Agent in a non-interest-bearing account in accordance with the Escrow Agreement between Escrow Agent and Developer, and its assigns. Escrow Agent will provide a receipt for the Deposit to Buyer.
ESCROW AGENT AND DEPOSIT
