Escrow of Documents Sample Clauses

Escrow of Documents. The execution and delivery of an escrow agreement of documents (the "Escrow of Documents,"), pursuant to which the Lease and the Security Assignment of Lease shall be deposited in escrow with the Escrow Agent until the Promissory Notes have been entirely paid. The Escrow of Documents shall provide that if there should be a default in the payment of the Promissory Notes, Security Agreement, the Sublease or the Lease which continues beyond the grace period provided therein, the Escrow Agent shall deliver such instruments to Seller without further notice to Purchaser.
Sample 1
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Escrow of Documents. Simultaneously with the execution by the parties of this Agreement, the parties shall cause to be delivered to the Escrow Agent those documents (the "Escrowed Documents") set forth in Section 8.01.
Sample 1
Escrow of Documents. The parties have executed and delivered the agreements and instruments listed on the document entitled "Closing Agenda" annexed hereto (the "Closing Documents"). The Closing Documents shall be held in escrow by XxXxxxxxxx & Xxxxx, LLP (the "Escrow Agent") pursuant to the terms hereof (except for those documents relating to the transfer of the Owned Real Property which shall be held by RWT's title company).. Upon payment of the Cash Balance, the Closing Documents shall be released from escrow as follows: (i) the promissory note in the amount of $915,000 shall be delivered to Reliable and the promissory note in the amount of $185,000 shall be delivered to Shukla; (ii) the Guaranty and Mortgage shall be delivered to Shukla; (iii) the Security Agreement and the UCC-1 shall be delivered to Reliable; (iv) the original UCC termination statements from Xxxxxxx Xxxxx and Xxxxx Manhattan Bank, the Xxxx of Sale, the Assignment of Purchased Assets and the deposit check in the amount of $100,000 shall be delivered to RWT; and (v) the deeds shall be delivered to WRM. From the date hereof until payment of the Cash Balance, Reliable and Shukla shall continue to be subject to the obligations set forth in Section 6.2 and 6.3 of the Agreement and RWT shall continue to be subject to the obligations set forth in Sections 6.3 and 6.4 of the Agreement . Payment of the Cash Balance and RWT's obligations to close the transactions described in the Agreement shall continue to be subject to the satisfaction of the conditions set forth in Section 7.2 of the Agreement. Reliable's and Shukla's obligations to close shall continue to be subject to the satisfaction of the conditions set forth in Section 7.1 of the Agreement. If the Cash Balance is not paid by the Due Date then at the option of Reliable , the documents described in clause (iv) above shall be returned to Reliable, except for the original deposit check which shall be delivered to Xxxx Xxxxxxxxx to be held in escrow pursuant to the terms of the Agreement, the deeds shall be returned to Shukla and, simultaneously therewith, the items described in Clauses (i) through (iii) shall be returned to RWT, Shukla shall repay to RWT the sum of Nine Hundred Thousand Dollars (such actions being hereafter referred to as the "Reversal"). Notwithstanding the Reversal, the parties shall still have and the rights, and shall be subject to the obligations set forth in the Agreement.
Sample 1
Escrow of Documents. Upon execution of this Settlement Agreement, Crown will deliver the following documents to Xxxx Xxxxxx, Esq., Xxxxxx Law Firm, 000 Xxxxx 00xx Xxxxxx, X.X. Xxx 0000, Xxxxxxxx, Xxxxxxx, 00000-0000: a. The Warranty Deed for the Williston, North Dakota facility; b. Montana Rail Link Lease No. 500,875-01, Laurel, Montana, dated May 16, 1999; and c. The Assignment and Assumption Agreement (Offsite Services Agreement) among Exxon Company, U.S.A., ASSI, and Crown dated April 17, 1999. These documents shall be held in escrow at the Xxxxxx Law Firm. Simultaneously with the wire transfer of $320,000.00 from ASSI, Inoco, Interstate, and/or the Zimmermans to Crown, the Xxxxxx Law Firm will release the documents specified herein to ASSI, Inoco, Interstate, and/or the Zimmermans.
Sample 1
Escrow of Documents. Seller shall designate an escrow agent to hold the original executed Installment Land Contract, Warranty Deed, Xxxx of Sale and Release of Deed of Trust/Mortgage in escrow pending seller's and buyer's performance of the terms of the Installment Land Contract. Buyer and seller agree to pay Escrow Agent's setup fee not to exceed $75.00 and annual document escrow fees not to exceed $25.00 per year.
Sample 1
Escrow of Documents. Simultaneous with the execution and delivery of this Agreement, Seller is depositing with the Escrow Agent a sealed envelope (“Document Deposit”) bearing the signature of an Authorized Representative of Seller. Seller certifies to Buyer and the Escrow Agent that the Document Deposit contains an original: (i) payoff letter, executed by Oxford Finance LLC, in the form attached as EXHIBIT A to this Agreement; (ii) completed UCC financing statement amendment, in the form attached as EXHIBIT B to this Agreement, (iii) payoff letter, executed by Bioventus LLC, in the form attached as EXHIBIT C to this Agreement; (iv) completed UCC financing statement amendment, in the form attached as EXHIBIT D to this Agreement; (v) payoff letter, executed by Atel Ventures, Inc., in the form attached as EXHIBIT E to this Agreement; and (vi) completed UCC financing statement amendment, in the form attached as EXHIBIT F to this Agreement. The Escrow Agent will acknowledge receipt of the Document Deposit via email to the Parties, upon Escrow Agent’s receipt of such sealed envelope. The Escrow Agent shall have no duty to validate the contents and/or value of said sealed envelope. The Document Deposit shall be held and released by the Escrow Agent in accordance with the terms of this Agreement. The Escrow Agent shall store the Document Deposit in its usual safekeeping facility and will have no duty to keep it in an environmentally controlled area. The Escrow Agent shall have no liability for any damage to the Document Deposit, including damage caused by environmental conditions, such as heat or moisture, or by exposure to magnetic materials. The Escrow Agent shall hold the Document Deposit in escrow and shall not be authorized to release the Document Deposit except in accordance with this Agreement.
Sample 1
Escrow of Documents. Upon execution of this Agreement, the following documents shall be placed into escrow with KRW: A. An Assignment Separate From Certificate executed by LDM, transferring the Industrial Machining Stock to Polsxxxx; B. The Industrial Machining Stock; C. An Assignment Separate From Certificate executed by Polsxxxx, transferring the LDM Stock to LDM;
Sample 1
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Escrow of Documents. Until such time as the Bank has received the settlement payment required under Section 2 of this Agreement, counsel for the Bank shall hold in escrow the original of this Agreement and any documents evidencing the assignment of the Bank's interest in the Loan Documents (collectively, the "Escrow Documents"). Counsel for the Bank shall release the Escrow Documents to the Borrower and/or its designee upon receipt of written confirmation that the Bank has received the settlement payment required under Section 2 of this Agreement.
Sample 1
Escrow of Documents. Signed documents effecting the terms and conditions of this Agreement shall be held in escrow by counsel to Little until Spire’s receipt from the Plan Trust in the approximate amount of $745,000 for the company’s initial planned funding of Creditor Payments and Wind Down Expenses. The aforesaid approximate $745,000 shall be wired as soon as practicable and no later than three (3) business days after receipt by Xxxxxx as Plan Trustee of the Certification of Transfer from Spire.
Sample 1

Related to Escrow of Documents

  • Review of Documents Borrower has reviewed: (a) the Note, (b) the Security Instrument, (c) the Commitment Letter, and (d) all other Loan Documents.

  • Release of Documents Upon instruction from the Indenture Trustee, the Servicer shall release any Receivable File to the Indenture Trustee, the Indenture Trustee’s agent or the Indenture Trustee’s designee, as the case may be, at such place or places as the Indenture Trustee may designate, as soon as practicable.

  • Submittal of Documents The Consultant shall not commence the Services under this Agreement until the Consultant has submitted and the District has approved the certificate(s) and affidavit(s), and the endorsement(s) of insurance required as indicated below:

  • Reuse of Documents Notwithstanding anything contained in this Agreement or any Document referenced herein to the contrary, the drawing, specifications and other documents prepared by the PA/E for this Project are instruments of the PA/E’s service, but the drawings and specifications shall be owned by the Board. The PA/E shall assign to the Board all common law, statutory and other reserved rights, including the copyright. The Board shall be permitted to retain copies, including reproducible copies, of the PA/E’s drawings, specifications and other documents for information and reference in connection with the Board’s use and occupancy of the Project. The Board may reuse the drawings, specifications or other documents on other projects in accordance with Sec. 1013.45(4), F.S.

  • Execution of Documents Unless otherwise specified, all Credit Documents and all other certificates executed in connection therewith must be signed by a Responsible Officer.

  • Removal of Documents A. Written reprimands will be removed from an employee’s personnel file after three

  • Amendment of Documents 2.6.1 At any time prior to the deadline for submission of tenders, the Procuring entity, for any reason, whether at its own initiative or in response to a clarification requested by a prospective tenderer, may modify the tender documents by amendment. 2.6.2 All prospective candidates that have received the tender documents will be notified of the amendment in writing or by post and will be binding on them. 2.6.3 In order to allow prospective tenderers reasonable time in which to take the amendment into account in preparing their tenders, the Procuring entity, at its discretion, may extend the deadline for the submission of tenders.

  • Deposit of Documents The Trustee may appoint as custodian, on any terms, any bank or entity whose business includes the safe custody of documents or any lawyer or firm of lawyers believed by it to be of good repute and may deposit this Trust Deed and any other documents with such custodian and pay all sums due in respect thereof. The Trustee is not obliged to appoint a custodian of securities payable to bearer.

  • Return of Documents In the event of the termination of Executive's employment for any reason, Executive shall deliver to the Company all of the property of the Company and its Affiliates and the non-personal documents and data of any nature and in whatever medium of each of the Company and its Affiliates, and he shall not take with him any such property, documents or data or any reproduction thereof, or any documents containing or pertaining to any Confidential Information.

  • Retention of Documents The Registrar shall retain copies of all letters, notices and other written communications received pursuant to this Article II. The Company shall have the right to inspect and make copies of all such letters, notices or other written communications at any reasonable time upon the giving of reasonable written notice to the Registrar.

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