Escrow Closing. Buyer and Seller acknowledge and understand that the closing of the sale may be handled by an escrow agent and that the listing broker is authorized to transfer the xxxxxxx money or any other funds received to the escrow agent. After the transfer, Broker shall have no further responsibility or liability to Buyer or Seller to account for the funds. Escrow agent’s charges shall be equally divided between Buyer and Seller.
Escrow Closing. At the election of Selling Lessor or Lessee upon notice to the other party not less than five (5) days prior to the Closing, this sale shall be closed through an escrow with the Title Company, in accordance with the general provisions of the usual form of Deed and Money Escrow Agreement then is use by said company, with such special provisions inserted in the escrow agreement as may be required to conform with this agreement. Upon the creation of such an escrow, anything herein to the contrary notwithstanding, paying of the purchase price and delivery of the deed shall be made through the escrow. The cost of the escrow shall be divided equally between the Selling Lessor and Lessee. If for any reason other than Lessee's default, the transaction fails to close, the Xxxxxxx Money shall be returned to Lessee forthwith.
Escrow Closing. At the written request of Seller or Buyer received prior to the delivery of the deed under this Contract, this sale shall be closed through an escrow with a title insurance company, in accordance with the general provisions of the usual form of deed and money escrow agreement then furnished and in use by the title insurance company, with such special provisions inserted in the escrow agreement as may be required to conform with this Contract. Upon the creation of an escrow, payment of Purchase Price and delivery of deed shall be made through the escrow, this Contract and the Xxxxxxx Money shall be deposited in the escrow, and the Broker shall be made a party to the escrow with regard to commission due. The cost of the escrow shall be divided equally between Buyer and Seller.
Escrow Closing. Promptly upon receipt of the following documents from or at the direction of the Company, the Escrow Agent shall release the Subscriptions and Escrow Funds to the Company.
Escrow Closing. Purchaser and Seller (or their respective counsel on behalf of Purchaser and Seller) shall execute letters of escrow closing instructions (the “Closing Instructions”) which will provide that, on the Date of Closing: (a) Seller and Purchaser shall each deposit with Title Company all of the documents and instruments described in Sections 8.1 and 8.2, above (the “Closing Documents”); and (b) Purchaser shall deposit with Title Company the balance of the Purchase Price required to be paid after application of the Deposit thereto and all prorations, adjustments and credits required to be made under this Agreement, (the “Adjusted Purchase Price”) and the Buyer’s Premium, all of which shall be set forth on, and mutually agreeable pursuant to, a settlement statement executed by both Purchaser and Seller at Closing. Upon receipt of the Adjusted Purchase Price and the Buyer’s Premium, and the satisfaction of all other conditions set forth in the Closing Instructions, Title Company shall be authorized and directed to disburse the Adjusted Purchase Price to Seller or its designee(s) and the Buyer’s Premium to Auctioneer, record the Deed among the real property records of Pinellas County, Florida, and release the remaining Closing Documents to the appropriate parties, all in strict accordance with the Closing Instructions.
Escrow Closing. 204 205 If closing is to be conducted by escrow, each Party shall deposit with the escrow agent all funds and documents necessary to 206 complete the exchange according to the terms of this Agreement. The escrow agent shall disburse the closing funds and 207 record/file the documents promptly upon verification that, per the most current records available for review, the condition of title 208 has not changed from the condition of title shown in the title commitment provided per lines 190 to 193, other than liens to be paid 209 out of closing proceeds and other changes agreed to by the Parties. CAUTION: CONSIDER THE POSSIBILITY OF GAPS IN 210 TITLE RECORDS DUE TO DELAYS WHICH MAY OCCUR BETWEEN THE FILING OF DOCUMENTS FOR RECORDING AND 211 THE AVAILABILITY OF THOSE DOCUMENTS FOR REVIEW BY THE ESCROW AGENT. IF TITLE INSURANCE IS BEING 212 PROVIDED BY SELLER, A “GAP ENDORSEMENT” MAY BE AVAILABLE AND WOULD INSURE AGAINST LIENS OR 213 ENCUMBRANCES FILED BETWEEN THE EFFECTIVE DATE OF THE TITLE SEARCH BY THE ESCROW AGENT AND THE 214 RECORDING OF THE CONVEYANCE DOCUMENTS CALLED FOR BY THIS AGREEMENT. ENTIRE AGREEMENT 215 This Agreement, including any amendments, contains the entire agreement of the Parties regarding the 216 transaction. All prior negotiations and discussions have been merged into this Agreement. This Agreement binds and inures to 217 the benefit of the Parties to this Agreement and their successors in interest. COOPERATION WITH “LIKE KIND” EXCHANGE 218 219 Grantor understands that Grantee may elect to consummate this transaction as part of a tax deferred “like kind” exchange under 220 Section 1031 of the Internal Revenue Code. Xxxxxxx agrees to cooperate with Xxxxxxx in such exchange. Any costs associated 221 with the exchange portion of the transaction shall be bourne by the Grantee. In addition, Xxxxxxx hereby agrees to indemnify, 222 defend, and hold Grantor harmless from and against any claim, suits, actions, damages, or liabilities as may arise as a reason of 223 Grantor’s cooperation with respect to the effectuation of a tax-deferred “like kind” exchange as contemplated herein. DEFINITIONS 224
Escrow Closing. A closing into Escrow (“Escrow Closing”) will take place at the offices of Xxxxxx Xxxxxx LLP in Houston, Texas, not less than two business days prior to the date of the special meeting date of shareholders of Matrix as set forth in the Proxy Statement/Prospectus mailed to Matrix shareholders in connection with the Matrix Merger, but in no event later than Outside Date; provided that each of the conditions precedent to the obligations of the parties to effect the Closing other than completion of the Matrix Merger are then satisfied or waived by the applicable party. At the Escrow Closing, the parties will deliver or cause to be delivered into escrow with the escrow agent (“Escrow Agent”) under the Escrow Agreement set forth in Exhibit C hereto, the documents described in Section 8.04 below. The parties may agree in writing on another date, time or place for the Escrow Closing.
Escrow Closing. A closing into Escrow (“Escrow Closing”) will take place immediately prior to the Closing (as defined below); provided that each of the conditions precedent to the obligations of the parties to effect the Closing other than completion of the Matrix Merger are then satisfied or waived by the applicable party. At the Escrow Closing, the parties will deliver or cause to be delivered into escrow with the Corporate Secretary of Parent (“Escrow Agent”) the documents described in Section 8.04 below. The parties may agree in writing on another date, time or place for the Escrow Closing.
Escrow Closing. Buyer and Seller acknowledge and understand that the closing of the sale may be handled by an escrow agent and that the listing broker is authorized to transfer the xxxxxxx money or any other funds received to the escrow agent. After the transfer, Broker shall have no further responsibility or liability to Buyer or Seller to account for the funds. Escrow agent’s chargers shall be equally divided between Buyer and Seller. If Buyer’s loan is a government-regulated loan which prohibits Buyer from paying such chargers, then they shall be paid by Seller. The closing date of the sale shall be on or before the 4th day of June 2021.
Escrow Closing. At the election of either Party, not less than five (5) Business Days prior to the Closing, this sale shall be closed through an escrow with the lending institution or the title company in accordance with the provisions of the usual form of Deed and Money Escrow Agreement, as agreed upon between the Parties, with provisions inserted in the Escrow Agreement as may be required to conform with this Contract. The cost of the escrow shall be paid by the Party requesting the escrow. If this transaction is a cash purchase (no mortgage is secured by Xxxxx), the Parties shall share the title company escrow closing fee equally.
