Common use of Recordation and Transfer Clause in Contracts

Recordation and Transfer. Upon satisfaction of the conditions set forth in Section 3.C., Escrow Holder shall transfer the Property as follows: Cause the Grant Deed to be recorded in the Official Records of Riverside County, California; Deliver to Purchaser and Seller at least one fully executed original of the Section 1445 Affidavit, the Xxxx of Sale, the Form 593 and a conformed copy of the recorded Grant Deed; (1) Deliver to the parties entitled thereto any other closing documents; and cause the Title Policy in form and substance described in Section 5 below, to be delivered to the Purchaser, and (2) Disburse all funds deposited with Escrow Holder by Purchaser in payment of the Purchase Price for the Property as follows: (a) deliver to Tesco the amount pursuant to the Demand, required to reconvey the Tesco Deed of Trust from the Property (as approved by Seller in the Seller’s Closing Statement) in accordance with written instructions from Tesco; (b) retain in Escrow (the “Refrigeration Escrow Holdback”) the Refrigeration Escrow Amount (as hereinafter defined) in accordance with the terms of Section 45 below. (c) deliver to Seller the Purchase Price pursuant to instructions to be delivered by Seller to Escrow Holder, less the amount of all items, costs and prorations chargeable to the account of Seller; and (d) disburse the remaining balance of the funds deposited by Purchaser to Purchaser upon the Close of Escrow pursuant to instructions to be delivered by Purchaser to Escrow Holder less amounts chargeable to Purchaser.

Appears in 2 contracts

Samples: Agreement to Sell and Purchase (Calavo Growers Inc), Agreement to Sell and Purchase (Calavo Growers Inc)

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Recordation and Transfer. Upon satisfaction of the conditions set forth in Section 3.C.4(c) above, Escrow Holder shall transfer the Property ("Close of Escrow") as follows: : (1) Cause the Grant Deed to be recorded in the Official Records of Riverside Xxxxxx County, California; ; (2) Deliver to Purchaser and Seller at least one fully executed original of the Section 1445 Affidavit, the Xxxx Assignment of SaleIntangible Property, and the Form 593 and a conformed copy of the recorded Grant DeedCertificate; (13) Deliver to Seller one copy each of the fully executed Section 1445 Affidavit and the Certificate, and one fully executed original of the Assignment of Intangible Property; (4) Deliver to the parties entitled thereto any other closing documents; , including, without limitation, the final closing statement for the Escrow ("Final Statement"), which shall contain no material differences from the pro forma closing statement previously delivered to, and cause the Title Policy in form and substance described in Section 5 belowapproved by, to be delivered to the Purchaser, andeach party; (25) Disburse all funds deposited with Escrow Holder by Purchaser in payment of the Purchase Price for the Property as follows: (a) deliver to Tesco the amount pursuant to the Demand, required to reconvey the Tesco Deed of Trust from the Property (as approved by Seller in the Seller’s Closing Statement) in accordance with written instructions from Tesco; (b) retain in Escrow (the “Refrigeration Escrow Holdback”) the Refrigeration Escrow Amount (as hereinafter defined) in accordance with the terms of Section 45 below. (c) deliver to Seller the Purchase Price (less the Deposit, to the extent previously released to Seller) pursuant to instructions to be delivered by Seller to Escrow Holder, less the amount of all items, costs and prorations chargeable to the account of SellerSeller as detailed in the approved Final Statement; and (db) disburse the remaining balance of the funds deposited by Purchaser to Purchaser upon the Close of Escrow pursuant to instructions to be delivered by Purchaser to Escrow Holder less amounts chargeable to Purchaser.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Homefed Corp)

Recordation and Transfer. Upon satisfaction of the conditions set forth in Section 3.C.4.C above, Escrow Holder shall transfer the Property as follows: : 1. Cause the Grant Deed to be recorded in the Official Records of Riverside Los Angeles County, California; ; 2. Deliver to Purchaser at least one fully executed original of the Section 1445 Affidavit, the Xxxx of Sale, the Assignment of Service Contracts and Intangible Property, the Assignment of Leases, the Assignment of Boeing Environmental Indemnity, the Form 593 and at least one conformed copy of the recorded Grant Deed; 3. Deliver to Seller at least one fully executed original of the Section 1445 Affidavit, the Xxxx of Sale, the Assignment of Service Contracts and Intangible Property, the Assignment of Leases, the Assignment of Boeing Environmental Indemnity, the Form 593 and a at least one conformed copy of the recorded Grant Deed; (1) 4. Deliver to the parties entitled thereto any other closing documents; and cause the Title Policy in form and substance described in Section 5 below, to be delivered to the Purchaser, and; (2) 5. Disburse all funds deposited with Escrow Holder by Purchaser in payment of the Purchase Price for the Property as follows: (a) deliver to Tesco the amount pursuant to the Demand, required to reconvey the Tesco Deed of Trust from the Property (as approved by Seller in the Seller’s Closing Statement) in accordance with written instructions from Tesco; (b) retain in Escrow (the “Refrigeration Escrow Holdback”) the Refrigeration Escrow Amount (as hereinafter defined) in accordance with the terms of Section 45 below. (c) a. deliver to Seller the Purchase Price pursuant to instructions to be delivered by Seller to Escrow Holder, less the amount of all items, costs and prorations chargeable to the account of Seller; and (d) b. disburse the remaining balance of the funds deposited by Purchaser to Purchaser upon the Close of Escrow pursuant to instructions to be delivered by Purchaser to Escrow Holder less amounts chargeable to Purchaser.

Appears in 1 contract

Samples: Agreement to Sell and Purchase (Cornerstone Core Properties REIT, Inc.)

Recordation and Transfer. Upon satisfaction of the ------------------------ conditions set forth in Section 3.C.4(C) above, Escrow Holder shall transfer the ------- Property as follows: : (1) Cause the Termination of Memorandum of Ground Lease and Grant Deed to be recorded in the Official Records of Riverside San Diego County, California; California and deliver conformed copies thereof to each of Seller and Purchaser; (2) Deliver to Purchaser and Seller at least one (1) fully executed original of the Termination of Ground Lease, the Section 1445 Affidavit, the Xxxx Assignment of SaleIntangible Property, the Form 593 Seller's Bringdown Certificate, and a conformed copy of the recorded Grant DeedCertificate; (13) Deliver to Seller one (l) fully executed original of the Termination of Ground Lease, the Section 1445 Affidavit, the Assignment of Intangible Property, the Seller's Bringdown Certificate, and the Certificate; (4) Deliver to the parties entitled thereto any other closing documents; , including, without limitation, the final closing statement for the Escrow (the "Final Statement"), which shall contain no material differences from the pro forma closing statement, previously delivered to, and cause the Title Policy in form and substance described in Section 5 belowapproved by, to be delivered to the Purchaser, andeach party; (25) Disburse all funds deposited with Escrow Holder by Purchaser in payment of the Purchase Price for the Property pursuant to Section 3 as follows: (a) deliver to Tesco the amount pursuant to the Demand, required to reconvey the Tesco Deed of Trust from the Property (as approved by Seller in the Seller’s Closing Statement) in accordance with written instructions from Tesco; (b) retain in Escrow (the “Refrigeration Escrow Holdback”) the Refrigeration Escrow Amount (as hereinafter defined) in accordance with the terms of Section 45 below. (c) deliver to Seller the Purchase Price less amounts chargeable to Seller pursuant to instructions to be delivered by Seller to Escrow Holder, less the amount of all items, costs and prorations chargeable to the account of Seller; and (db) disburse the any remaining balance of the funds deposited by Purchaser to Purchaser upon the Close of Escrow pursuant to instructions to be delivered by Purchaser to Escrow Holder less amounts chargeable to Purchaser.

Appears in 1 contract

Samples: Agreement to Sell and Purchase (Applied Micro Circuits Corp)

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Recordation and Transfer. Upon satisfaction of the conditions set ------------------------ forth in Section 3.C.4(C) above, Escrow Holder shall transfer the Property as ------- follows: : (1) Cause the Termination of Memorandum of Ground Lease and Grant Deed to be recorded in the Official Records of Riverside San Diego County, California; California and deliver conformed copies thereof to each of Seller and Purchaser; (2) Deliver to Purchaser and Seller at least one (1) fully executed original of the Termination of Ground Lease, the Section 1445 Affidavit, the Xxxx Assignment of SaleIntangible Property, the Form 593 Seller's Bringdown Certificate, and a conformed copy of the recorded Grant DeedCertificate; (3) Deliver to Seller one (1) fully executed original of the Termination of Ground Lease, the Section 1445 Affidavit, the Assignment of Intangible Property, the Seller's Bringdown Certificate, and the Certificate; (4) Deliver to the parties entitled thereto any other closing documents; , including, without limitation, the final closing statement for the Escrow (the "Final Statement"), which shall contain no material differences from the pro forma closing statement previously delivered to, and cause the Title Policy in form and substance described in Section 5 belowapproved by, to be delivered to the Purchaser, andeach party; (25) Disburse all funds deposited with Escrow Holder by Purchaser in payment of the Purchase Price for the Property pursuant to Section 3 as follows: (a) deliver to Tesco the amount pursuant to the Demand, required to reconvey the Tesco Deed of Trust from the Property (as approved by Seller in the Seller’s Closing Statement) in accordance with written instructions from Tesco; (b) retain in Escrow (the “Refrigeration Escrow Holdback”) the Refrigeration Escrow Amount (as hereinafter defined) in accordance with the terms of Section 45 below. (c) deliver to Seller the Purchase Price less amounts chargeable to Seller pursuant to instructions to be delivered by Seller to Escrow Holder, less the amount of all items, costs and prorations chargeable to the account of Seller; and (db) disburse the any remaining balance of the funds deposited by Purchaser to Purchaser upon the Close of Escrow pursuant to instructions to be delivered by Purchaser to Escrow Holder less amounts chargeable to Purchaser.

Appears in 1 contract

Samples: Ground Lease (Applied Micro Circuits Corp)

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