Common use of Execution of Documents and Deposit of Funds Necessary to Close Escrow Clause in Contracts

Execution of Documents and Deposit of Funds Necessary to Close Escrow. Not less than five (5) business days prior to the Close Date, Buyer shall execute all documents necessary to close escrow (including, but not limited to, the Loan Documents) and deposit same into escrow. Not less than three (3) business days prior to the Close Date, Buyer shall deposit into escrow, in immediately available funds (i.e., wired funds or a cashier’s check drawn on a California banking institution), all amounts which are to be paid to Seller, Escrow Holder or third parties (including Buyer’s closing costs, prepaid expenses and impounds (if applicable)). Not less than twenty-four (24) hours prior to the Close Date, Buyer’s home loan funds shall be deposited in immediately available funds into escrow, together with any information needed to close escrow.

Execution of Documents and Deposit of Funds Necessary to Close Escrow. Not less than five (5) business days prior to the Close Date, Buyer shall execute all documents necessary to close escrow (including, but not limited to, the Loan Documents) and deposit same into escrow. Not less than three (3) business days prior to the Close Date, Buyer shall deposit into escrow, in immediately available funds (i.e., wired funds or a cashier’s check drawn on a California banking institution), all amounts which are to be paid to Seller, Escrow Holder or third parties (including Buyer’s closing costs, prepaid expenses and impounds (if applicable)). Not less than twenty-four (24) hours prior to the Close Date, BuyerXxxxx’s home loan funds shall be deposited in immediately available funds into escrow, together with any information needed to close escrow.