Common use of Manner of Closing Clause in Contracts

Manner of Closing. 5.1.1 The Closing of the purchase and sale of the Property will occur in an escrow to be administered by the Escrow Agent. 5.1.2 The Parties agree to provide the Escrow Agent with escrow instructions (the “Escrow Instructions”) consistent with the terms of this Agreement. 5.1.3 On the Closing Date, the Escrow Agent shall deliver or cause to be delivered the sums and documents pursuant to the Escrow Instructions. In the event that the Escrow Agent cannot, or refuses to, handle this transaction, the Parties shall appoint an escrow company mutually satisfactory to the Parties, which is licensed in the State of Oregon.

Appears in 2 contracts

Samples: Disposition and Development Agreement, Disposition and Development Agreement

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Manner of Closing. 5.1.1 5.1.1. The Closing of the purchase and sale of the Property will occur in an escrow to be administered by the Escrow AgentAgent (“Escrow”). 5.1.2 5.1.2. The Parties agree to provide the Escrow Agent with escrow instructions (the “Escrow Instructions”) consistent with the terms of this Agreement. 5.1.3 5.1.3. On the Closing Date, the Escrow Agent shall deliver or cause to be delivered the sums and documents pursuant to the Escrow Instructions. In the event that the Escrow Agent cannot, or refuses to, handle this transaction, the Parties shall appoint an escrow company mutually satisfactory to the Parties, which is licensed in the State state of Oregon.

Appears in 2 contracts

Samples: Agreement for Disposition and Development of Property, Agreement for Disposition and Development of Property

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