Escrow Company. Seller and Purchaser hereby retain Escrow Company, and Escrow Company agrees to be retained, to act as escrow agent for the purposes set forth in this Agreement. Escrow Company agrees to undertake and perform the obligations and duties provided for in this Agreement. Except for any fee required to set up an interest-bearing account as provided for in Section 16.02 below and any fees or costs specifically allocated to either Seller or Purchaser under the terms of this Agreement, Purchaser and Seller shall equally split the reasonable fees charged by Escrow Company in conjunction with its provision of services as provided herein.
Escrow Company. Lender must open escrow with an approved escrow officer and escrow company. During sale transactions, the Preliminary Change of Ownership Report must properly identify each Below Market Rate Unit as a transfer subject to governmentally imposed restrictions. Escrow instructions on loan transactions must comply with Program Documents.
Escrow Company. Loan Officer must open escrow with an approved escrow officer and escrow company for ALL transactions (including purchase and refinance loans). During sale transactions, the Preliminary Change of Ownership Report must properly identify each Below Market Rate Unit as a transfer subject to governmentally imposed restrictions. Escrow instructions on loan transactions must comply with BMR Program Documents.
Escrow Company. Near North National Title Corporation. TITLE COMPANY. First American Title Insurance Company.
Escrow Company. The parties hereto have mutually requested that the Escrow Company act as escrow agent for the purpose of holding the Xxxxxxx Money in accordance with the terms of this Agreement. The Xxxxxxx Money shall be deposited by the Escrow Company in an interest bearing account approved by Purchaser. The Xxxxxxx Money shall be released or delivered to the party entitled thereto pursuant to this Agreement with reasonable promptness after the Escrow Company shall have received notice: (a) from Seller and Purchaser authorizing release of the Xxxxxxx Money, or (b) from Purchaser at any time on or prior to the expiration of the Approval Period, or (c) of the occurrence of either of the following events: (i) the Closing, at which time the Xxxxxxx Money shall be paid to Seller and applied to the Purchase Price; or (ii) the receipt by the Escrow Company of a written notice from either Seller or Purchaser stating that an event has occurred under this Agreement entitling the party delivering such notice to the Xxxxxxx Money, whereupon the Escrow Company shall deliver written notice (the “Default Notice”) thereof to the other party and, unless such other party shall have delivered a written notice of objection to the Escrow Company within ten (10) days following receipt by such other party of the Default Notice, the Escrow Company shall deliver the Xxxxxxx Money to the party initially requesting the Xxxxxxx Money. The Escrow Company is to be considered as a depository only, shall not be deemed to be a party to any document other than this Agreement, and shall not be responsible or liable in any manner whatsoever for the sufficiency, manner of execution, or validity of any written instructions, certificates or any other documents received by it, nor as to the identity, authority or rights of any persons executing the same. The Escrow Company shall be entitled to rely at all times on instructions given by Seller and/or Purchaser, as the case may be and as required hereunder, without any necessity of verifying the authority therefor. The Escrow Company shall not at any time be held liable for actions taken or omitted to be taken in good faith and without negligence. Seller and Purchaser agree to save and hold the Escrow Company harmless and indemnify the Escrow Company from any loss and from any claims or demands arising out of its actions hereunder other than any claims or demands arising from the Escrow Company’s negligence or willful misconduct. It is further understood by Se...
Escrow Company. Chicago Title Insurance Company, 00 Xxxxx XxXxxxx Xxxxxx, Xxxxx 0000, Xxxxxxx, XX 00000, Attn: Xxxxxxxx Xxxxx, Xxxxxxxx.xxxxx@xxx.xxx.
Escrow Company. Stewart Title Guaranty Company.
Escrow Company a. An escrow shall be opened by either party with (the "Escrow Company").
Escrow Company. Old Republic National Title Insurance Company, 000 Xxxx Xxx Xxxxxxxxx, Xxxxx 000, Xxxxxxx, Xxxxx 00000, Attention: Xxxxxxxx Xxxxxxxxx.
Escrow Company. First American Title Insurance Company, 00 X. XxXxxxx Street, Suite 2700, Chicago, Illinois 60602, Attention: Xxxxx X. X’Xxxxxxx, Phone No. (000) 000-0000, e-mail xxxxxxxxx@xxxxxxx.xxx.
