Common use of Escrow Clause in Contracts

Escrow. The escrow agent is not (i) a party to this contract and does not have liability for the performance or nonperformance of any party to this contract, (ii) liable for interest on the xxxxxxx money and (iii) liable for the loss of any xxxxxxx money caused by the failure of any financial institution in which the xxxxxxx money has been deposited unless the financial institution is acting as escrow agent.

Appears in 62 contracts

Samples: Farm and Ranch Contract, Unimproved Property Contract, Residential Condominium Purchase Agreement

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Escrow. The escrow agent is not (i) a party to this contract and does not have liability for the performance or nonperformance of any party to this contract, (ii) liable for interest on the xxxxxxx money and (iii) liable for the loss of any xxxxxxx money caused by the failure of any financial institution in which the xxxxxxx money has been deposited unless the financial institution is acting as escrow agent. Escrow agent may require any disbursement made in connection with this contract to be conditioned on escrow agent’s collection of good funds acceptable to escrow agent.

Appears in 36 contracts

Samples: One to Four Family Residential Contract (Resale), One to Four Family Residential Contract (Resale), Unimproved Property Contract

Escrow. The escrow agent is not (i) a party to this contract and does not have liability for the performance or nonperformance of any party to this contract, (ii) liable for interest on the xxxxxxx money and (iii) liable for the loss of any xxxxxxx money caused by the failure of any financial institution in which the xxxxxxx money has been deposited unless the financial institution is acting as escrow agent. Escrow agent may require any disbursement made in connection with this contract to be conditioned on escrow agent's collection of good funds acceptable to escrow agent.

Appears in 11 contracts

Samples: Unimproved Property Contract, One to Four Family Residential Contract (Resale), Unimproved Property Contract

Escrow. The escrow agent is not (i) a party to this contract and does not have liability for the performance or nonperformance of any party to this contract, (ii) liable for interest on the xxxxxxx money and (iii) liable for the loss of any xxxxxxx money caused by the failure of any financial institution in which the xxxxxxx money has been deposited unless the financial institution is acting as escrow agent.. Escrow agent may require any disbursement made in connection with this contract to be conditioned on escrow agent’s collection of good funds

Appears in 3 contracts

Samples: Farm and Ranch Contract, New Home Contract, One to Four Family Residential Contract (Resale)

Escrow. The escrow agent is not (i) a party to this contract and does not have liability for the performance or nonperformance nonpe rformance of any party to this contract, (ii) liable for interest on the xxxxxxx money and (iii) liable for the loss of o f any xxxxxxx money caused by the failure of any financial institution in which wh ich the xxxxxxx money has been deposited dep osited unless the financial institution is acting as escrow agent.

Appears in 2 contracts

Samples: Farm and Ranch Contract, Farm and Ranch Contract

Escrow. The escrow agent is not (( i) a party to this contract and does not have liability liabilit y for the performance perform ance or nonperformance nonperform ance of any party to this contract, (( ii) liable for interest on the xxxxxxx money x xxxx and (( iii) liable for the loss of any xxxxxxx money x xxxx caused by the failure of any financial institution in which the xxxxxxx money x xxxx has been deposited unless the financial institution is acting as escrow agent.

Appears in 2 contracts

Samples: New Home Contract, New Home Contract

Escrow. The escrow agent is not (i) a party to this contract and does not have liability for the performance or nonperformance of any party to this contract, (ii) liable for interest on the xxxxxxx money and (iii) liable for the loss of any xxxxxxx money caused by the failure of any financial institution in which the xxxxxxx money has been deposited unless the financial institution is acting as escrow agent.. Escrow agent may require any disbursement made in

Appears in 1 contract

Samples: Unimproved Property Contract

Escrow. The escrow agent is not (i) a party to this contract and does not have liability for the performance or nonperformance of any party to this contract, (ii) liable for interest on the xxxxxxx money and (iii) liable for the loss of any xxxxxxx money caused by the failure of any financial [financial] institution in which the xxxxxxx money has been deposited unless the financial institution is acting as escrow agent.. Escrow agent may require any disbursement made in connection with this contract to be conditioned on escrow agent’s collection of good funds

Appears in 1 contract

Samples: Farm and Ranch Contract

Escrow. The escrow agent is not (i) a party to this contract and does not have liability for the performance or nonperformance of any party to this contract, (ii) liable for interest on the xxxxxxx money and (iii) liable for the loss of any xxxxxxx money caused by the failure of any financial institution in which the xxxxxxx money has been deposited unless the financial Contract Concerning Page 6 of 9 11-13-2017 [11-2-2015] institution is acting as escrow agent.. (Address of Property)

Appears in 1 contract

Samples: Unimproved Property Contract

Escrow. The escrow agent is not (i) a party to this contract and does not have liability for the performance or nonperformance of any party to this t his contract, (ii) liable for interest on the xxxxxxx money and (iii) liable for the loss of any xxxxxxx money caused by the failure of any financial institution in which the xxxxxxx money xxxx y has been deposited unless the financial institution is acting as escrow agent.

Appears in 1 contract

Samples: Residential Condominium Contract

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Escrow. The escrow agent is not (i) a party to this contract and does not have liability for the performance or nonperformance of any party to this contract, (ii) liable for interest on the xxxxxxx money and (iii) liable for the loss of any xxxxxxx money caused by the failure fail- ure of any financial institution in which the xxxxxxx money has been deposited unless the financial institution is acting as escrow agent.. Escrow agent may require any disbursement made in connection with this contract to be conditioned on escrow agent’s collection of

Appears in 1 contract

Samples: Residential Condominium Contract (Resale)

Escrow. The escrow agent is not (i) a party to this contract and does not have liability for the performance or nonperformance of any party to this contract, (ii) liable for interest on the xxxxxxx money and (iii) liable for the any loss of any xxxxxxx money caused by the failure of any financial institution in which the xxxxxxx money has been deposited unless the financial institution is acting as escrow agent.

Appears in 1 contract

Samples: Property Sale Agreement

Escrow. The escrow agent is not (i) a party to this contract and does not have liability for the performance or nonperformance of any party to this contract, (ii) liable for interest on the xxxxxxx money and (iii) liable for the loss of any xxxxxxx money caused by the failure of any financial [ financial] institution in which the xxxxxxx money has been deposited unless the financial institution is acting as escrow agent.. Escrow agent may require any disbursement made in connection with this contract to be conditioned on escrow agent’s collection of good funds

Appears in 1 contract

Samples: One to Four Family Residential Contract (Resale)

Escrow. The escrow agent is not (( i) a party to this contract and does not have liability for the performance perform ance or nonperformance nonperform ance of any party to this contract, (( ii) liable for interest on the xxxxxxx money x xxxx and (( iii) liable for the loss of any xxxxxxx money x xxxx caused by the failure of any financial institution inst itut ion in which the xxxxxxx money x xxxx has been deposited unless the financial institution is acting as escrow agent.

Appears in 1 contract

Samples: Residential Real Estate Purchase Agreement

Escrow. The escrow agent is not (i) a party to this contract and does not have liability for the performance or nonperformance of any party to this contract, (ii) liable for interest on the xxxxxxx money and (iii) liable for the loss of any xxxxxxx money caused by the failure of any financial institution in which the xxxxxxx money has been deposited unless the financial institution is acting as escrow agent.. Escrow agent may require any disbursement made in connection with this contract to be conditioned on escrow agent’s collection of good funds acceptable to escrow agent. DRAFT

Appears in 1 contract

Samples: Farm and Ranch Contract

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