Purchaser, Seller and Escrow Sample Clauses

Purchaser, Seller and Escrow. Agent acknowledge that the Escrow Agent is acting hereunder as a depository only to the parties, and Purchaser and Seller, jointly and severally, do hereby agree to indemnify and hold harmless the Escrow Agent of and from any and all liabilities, costs, expenses and claims, of any nature whatsoever, by reason of or arising out of any act as Escrow Agent hereunder, except in the case of Escrow Agent’s gross negligence or willful misconduct. Escrow Agent shall execute this Exhibit “C” for the purpose of agreeing to comply with this Exhibit “C” and receiving the benefits pursuant to this Exhibit “C”. Escrow Agent’s failure to execute this Exhibit “C” shall not otherwise affect the validity of this Agreement. Escrow Agent may execute this Exhibit “C” after the time the Deposit is received by Escrow Agent. Amendments to the Agreement shall not require Escrow Agent’s signature to be enforceable. Executed by Escrow Agent as of the day of September, 2019. ESCROW AGENT: Chicago Title Insurance Company By: Print Name: Title: EXHIBIT “D” ESCROW AGENT WIRE INSTRUCTIONS [TO BE PROVIDED] September 7, 2019 RE: Wyld Palms Xxxxx, I am pleased to present this letter of intent for the purchase of the Wyld Palms community. If these terms are acceptable, I will prepare a Purchase Agreement to be signed by the applicable parties (the “Purchase Agreement”). BUYER: Southern Impression Homes, LLC SELLER: Wyld Palms Holdings, LLC PROPERTY: Wyld Palms Development – 364 Finished Lots PRICE & TERMS: The Purchase Price shall be $4,000,000.00. INSPECTION PERIOD: Buyer shall be entitled to a 180-day Inspection Period from the effective date of the Purchase Agreement, in which to test, inspect, survey, and examine the Property to determine, in Buyer’s sole discretion, whether the Property is suitable for Buyer’s intended development plan. XXXXXXX MONEY: Buyer will escrow $50,000.00 as a refundable Xxxxxxx Money Deposit within 3 days after the execution of the Purchase and Sale Agreement. After Buyer concludes its due diligence period and wishes to proceed with this purchase, Buyer shall deposit and additional binder deposit of $100,000.00, at which time, both the original deposit and the additional deposit shall be non- refundable (subject to closing conditions) and credited against the purchase price.
Sample 1
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Related to Purchaser, Seller and Escrow

  • Escrow Closing Buyer and Seller acknowledge and understand that the closing of the sale may be handled by an escrow agent and that the listing broker is authorized to transfer the xxxxxxx money or any other funds received to the escrow agent. After the transfer, Broker shall have no further responsibility or liability to Buyer or Seller to account for the funds. Escrow agent’s charges shall be equally divided between Buyer and Seller.

  • Seller For each Mortgage Loan, the seller of such Mortgage Loan pursuant to the Mortgage Loan Purchase Agreement.

  • Buyer (Buyer) will take title 16 to the Property described below as Joint Tenants Tenants In Common Other .

  • The Purchaser (a) is not an employee benefit or other plan subject to the prohibited transaction provisions of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), or Section 4975 of the Internal Revenue Code of 1986, as amended (a "Plan"), or any other person (including an investment manager, a named fiduciary or a trustee of any Plan) acting, directly or indirectly, on behalf of or purchasing any Certificate with "plan assets" of any Plan within the meaning of the Department of Labor ("DOL") regulation at 29 C.F.R. ss.2510.3-101; or

  • Delivery of Escrow Funds Upon confirmation by Escrow Agent that the following conditions have been satisfied, Escrow Agent shall disburse the Escrow Funds to Recipient in connection with the closing of the purchase of the Property or other interest therein:

  • Purchaser 2.1 Full Name:

  • At closing (1) Seller shall execute and deliver a general warranty deed conveying title to the Property to Buyer and showing no additional exceptions to those permitted in Paragraph 6 and furnish tax statements or certificates showing no delinquent taxes on the Property.

  • Seller’s Representations Seller represents and warrants to Buyer as follows:

  • Sellers’ Representative (a) Each of the Sellers hereby appoints Xxxx Xxxxx as Seller’s Representative hereunder for the purposes of representing his or its individual interests. Each of the Sellers hereby authorizes the Sellers’ Representative to act on his or its behalf with respect to all matters arising under this Agreement requiring or contemplating the possibility of some notice to be sent to or from, or some action to be taken by, the Sellers, including acting as the Sellers’ representative for the purpose of settling on behalf of the Sellers any claims made by Buyer under Section 12.1(a)(i), representing the Sellers in any indemnification proceedings under Section 12.3, approving any waivers or amendments in accordance with Section 13.6, but excluding the settling of any claims made by Buyer under Section 12.1(a)(ii) against a Seller. Except as aforesaid, each Seller hereby agrees to be bound by any and all notices sent and actions taken (and notices not sent and actions not taken) by the Sellers’ Representative on his or its behalf pursuant to this Agreement. If for any reason the Sellers’ Representative shall be unable to perform its duties hereunder as Sellers’ Representative, the holders of a majority in interest of the Interests owned immediately prior to the Initial Closing shall appoint a replacement Sellers’ Representative. Buyer shall be entitled to rely exclusively upon any communications or writings given or executed by the Sellers’ Representative and shall not be liable in any manner whatsoever for any action taken or not taken in reliance upon the actions taken or not taken or communications or writings given or executed by the Sellers’ Representative. Buyer shall be entitled to disregard any notices or communications given or made by any Seller, in his or its individual capacity, which is contrary to a notice or communication given or made by the Sellers’ Representative.

  • Deposit of Escrow Funds By its execution hereof, Recipient acknowledges that the deposit of the Escrow Funds into escrow with Escrow Agent does not confer any rights or claims to the Escrow Funds by Recipient unless all of the conditions in Section 2 above and the conditions as set forth in the Grant Agreement, have been satisfied.

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