Common use of Good Funds Clause in Contracts

Good Funds. Notwithstanding terms to the contrary, the Parties agree that as a condition to Closing, all funds 104 delivered to the closing agent's escrow account be in such form that the closing agent shall be able to disburse in 105 compliance with I.C. 27-07-3.7 et. seq. Therefore, all funds from a single source of $10,000, U.S. Dollars, or more shall 106 be wired unconditionally to the closing agent's escrow account and all funds under $10,000, U.S. Dollars, from a single 107 source shall be good funds as so defined by statute. Xxxxx is advised that the cost incurred to wire funds on behalf of 108 the buyer to the closing agent's escrow account for the closing of this transaction shall become an expense to the buyer 109 and the actual cost incurred shall appear on the closing statement. 110 5. WIRE FRAUD. If you receive any electronic communication directing you to transfer funds or provide 111 nonpublic personal information, EVEN IF THAT ELECTRONIC COMMUNICATION APPEARS TO BE FROM 112 BROKER OR TITLE COMPANY, do not respond until you verify the authenticity by direct communication with 113 Broker or Title Company. Do not rely on telephone numbers provided in the electronic communication. Such 114 requests may be part of a scheme to steal funds or use your identity.

Good Funds. Notwithstanding terms to the contrary, the Parties agree that as a condition to Closing, all funds 104 100 delivered to the closing agent's escrow account be in such form that the closing agent shall be able to disburse in 105 101 compliance with I.C. 27-07-3.7 et. seq. Therefore, all funds from a single source of $10,000, U.S. Dollars, or more shall 106 102 be wired unconditionally to the closing agent's escrow account and all funds under $10,000, U.S. Dollars, from a single 107 103 source shall be good funds as so defined by statute. Xxxxx Buyer is advised that the cost incurred to wire funds on behalf of 108 104 the buyer to the closing agent's escrow account for the closing of this transaction shall become an expense to the buyer 109 105 and the actual cost incurred shall appear on the closing statement. 110 106 5. WIRE FRAUD. If you receive any electronic communication directing you to transfer funds or provide 111 107 nonpublic personal information, EVEN IF THAT ELECTRONIC COMMUNICATION APPEARS TO BE FROM 112 108 BROKER OR TITLE COMPANY, do not respond until you verify the authenticity by direct communication with 113 109 Broker or Title Company. Do not rely on telephone numbers provided in the electronic communication. Such 114 110 requests may be part of a scheme to steal funds or use your identity.. 111

Good Funds. Notwithstanding terms to the contrary, the Parties agree that as a condition to Closing, all funds 104 delivered to the closing agent's escrow account be in such form that the closing agent shall be able to disburse in 105 compliance with I.C. 27-07-3.7 et. seq. Therefore, all funds from a single source of $10,000, U.S. Dollars, or more shall 106 be wired unconditionally to the closing agent's escrow account and all funds under $10,000, U.S. Dollars, from a single 107 source shall be good funds as so defined by statute. Xxxxx Buyer is advised that the cost incurred to wire funds on behalf of 108 the buyer to the closing agent's escrow account for the closing of this transaction shall become an expense to the buyer 109 and the actual cost incurred shall appear on the closing statement. 110 5. WIRE FRAUD. If you receive any electronic communication directing you to transfer funds or provide 111 nonpublic personal information, EVEN IF THAT ELECTRONIC COMMUNICATION APPEARS TO BE FROM 112 BROKER OR TITLE COMPANY, do not respond until you verify the authenticity by direct communication with 113 Broker or Title Company. Do not rely on telephone numbers provided in the electronic communication. Such 114 requests may be part of a scheme to steal funds or use your identity.. Produced with zipForm® by zipLogix 00000 Xxxxxxx Xxxx Xxxx, Xxxxxx, Xxxxxxxx 00000 xxx.xxxXxxxx.xxx