FUNDS AND CERTIFICATES. Upon the Title Company's irrevocable and unconditional commitment to issue the Owner's Title Policy (as evidenced by its delivery to Transferee of a "xxxx-up" of the Title Commitment on or prior to the Closing), disburse all funds and deliver the Certificates deposited with it by Transferee as follows:
7.4.1.1 pursuant to the "Closing Statement" (as hereinafter defined), retain for Escrow Agent's own account all escrow fees and costs, disburse to Title Company the fees and expenses incurred in connection with the issuance of the Owner's Title Policy, and disburse to any other persons or entities entitled thereto the amount of any other Closing Costs;
7.4.1.2 deliver to Transferor (on behalf of all of the OP Unit Recipients) the Certificates;
7.4.1.3 disburse funds necessary to discharge and release any and all Monetary Encumbrances against the Property;
7.4.1.4 pay to Transferor (on behalf of all of the OP Unit Recipients) the remaining Cash Amount Balance and the Transferor Deposit, if any, after all disbursements pursuant to Sections 7.4.1.1 and 7.4.1.3 above have been completed; and
7.4.1.5 disburse to Transferee any remaining funds in the possession of Escrow Agent after payments pursuant to Sections 7.4.1.1, 7.4.1.3 and 7.4.1.4 above have been completed.
FUNDS AND CERTIFICATES. Disburse all funds and deliver the Certificates deposited with it by Transferee as follows:
5.4.1.1 pursuant to a Closing statement approved by Transferee and Transferor, retain for Escrow Agent's own account all escrow fees and costs, disburse to Title Company the fees and expenses incurred in connection with the issuance of Transferee's Title Policy, and disburse to any other persons or entities entitled thereto the amount of any other Closing Costs;
5.4.1.2 deliver the Certificates to Transferor; and
5.4.1.3 disburse to the party who deposited the same into Escrow any remaining funds in the possession of Escrow Agent after payments pursuant to Section 5.4.1.1 above have been completed.
FUNDS AND CERTIFICATES. Upon receipt of confirmation of the recordation of the applicable Conveyance Documents and such other documents as were recorded pursuant to Section 7.4.1 hereof, disburse all funds and deliver the Certificates deposited with it by Transferee as follows:
(a) pursuant to the applicable “Closing Statement” (as hereinafter defined), retain for Escrow Agent’s own account all escrow fees and costs, disburse to Title Company the fees and expenses incurred in connection with the issuance of the applicable Title Policy, and disburse to any other persons or entities entitled thereto, as expressly stated on the applicable Closing Statement, the amount of any other Closing Costs;
(b) disburse funds necessary to prepay the Loan Obligations, to the extent prepaid by Transferee pursuant to the terms hereof, and discharge and release any and all other Non-Permitted Transferor Liens against the Property (other than the Permitted Exceptions and the Loan Obligations to the extent assumed and not refinanced by Transferee in accordance with the terms of this Agreement);
(c) deliver to the applicable Transferor (on behalf of all of the applicable Transferor Parties) the remaining balance of the Cash Amount (subject to prorations and adjustments as provided herein) and the Certificates; and
(d) disburse to Transferee or the applicable Transferor, as the case may be, any remaining funds in the possession of Escrow Agent after payments pursuant to Sections 7.4.2(a), (b) and (c) hereof have been completed.
