Escrow Letter. As of the date hereof and as of the date of each delivery of a Wet Loan, the Settlement Agent has executed an escrow agreement or letter, copies of which shall be maintained in the possession of Seller and provided to Buyer upon request, if required, stating that in the event of a Rescission of or if for any reason the Loan fails to fund on a given day, the party conducting the closing is holding all funds which would have been disbursed on behalf of the Mortgagor as agent for the benefit of Buyer and such funds shall be redeposited in the Disbursement Account for the benefit of Buyer not later than one Business Day after the date of Rescission or other failure of the Loan to fund on a given day. Such Escrow Letter inures to the benefit of, and the rights thereunder may be enforced by, the loan originator and its successors and assigns, including Buyer.
Escrow Letter. As of the date hereof and as of the date of each delivery of a Wet Loan, the Settlement Agent has executed an Escrow Letter. Upon request by the Lender, all such escrow agreements in possession of the Borrowers shall be delivered to the Lender or made available for audit by the Lender or its designee, as requested by the Lender.
Escrow Letter. There is, with respect to such Mortgage Loan, a valid and enforceable escrow letter duly executed by the Settlement Agent.
Escrow Letter. Escrow shall acknowledge receipt of and agree to comply with the terms of the escrow agreement.
Escrow Letter. As of the date hereof and as of the date of each delivery of a Wet Funded Loan, the Settlement Agent has executed an escrow agreement or letter stating that in the event of a rescission or if for any reason the Loan fails to fund on a given day, the party conducting the closing is holding all funds which would have been disbursed on behalf of the Mortgagor as agent for the benefit of the Buyer and such funds shall be redeposited in the Disbursement Account for benefit of the Buyer not later than 5:00 p.m. (New York City time) of the date of rescission or other failure of the Loan to fund on a given day. Such Escrow Letter inures to the benefit of, and the rights thereunder may be enforced by, the loan originator and its successors and assigns, including the Buyer.
Escrow Letter the letter from the Buyer and the Seller to the Buyer’s Solicitors dated 31 December 2010 setting out the terms upon which the Escrow Sum would be held by the Buyer’s Solicitors. Escrow Sum: the sum of £50,000.
Escrow Letter. An Escrow Agent for such Construction Project shall have executed and delivered to the Administrative Agent the escrow account acknowledgement letter set forth in Exhibit A attached to this Agreement.
Escrow Letter. The Escrow Letter referenced in referenced in Section 15(b) of the Existing Agreement and attached to the Existing Agreement as Exhibit D is hereby deleted and replaced by Exhibit D attached to this Amendment.
Escrow Letter. The Attitash Escrow Agent shall have executed and delivered to the Administrative Agent the escrow account acknowledgement letter set forth in Exhibit A attached to this Agreement.
