Common use of Release of Closing Escrow Clause in Contracts

Release of Closing Escrow. Upon receipt of Purchaser’s deliveries required under Article 8 above, and subject to all of Seller’s deliveries having been received and such other conditions to Purchaser’s performance as are contained in Section 5 hereof, Escrow Agent shall record the Deed, disburse the settlement proceeds as indicated on the settlement sheets, and distribute all Closing documents as directed by counsel for Purchaser and Seller.

Appears in 4 contracts

Samples: Purchase and Sale Agreement (Columbia Equity Trust, Inc.), Purchase and Sale Agreement (Columbia Equity Trust, Inc.), Purchase and Sale Agreement (Columbia Equity Trust, Inc.)

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Release of Closing Escrow. Upon receipt of Purchaser’s deliveries required under Article Section 8 above, and subject to all of Seller’s deliveries having been received and such other conditions to Purchaser’s performance as are contained in Section 5 hereof, Escrow Agent shall record the Deed, disburse the settlement proceeds as indicated on the settlement sheets, and distribute all Closing documents as directed by counsel for Purchaser and Seller.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (First Potomac Realty Trust), Purchase and Sale Agreement (First Potomac Realty Trust)

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Release of Closing Escrow. Upon receipt of Purchaser’s 's deliveries required under Article 8 Section 9 above, and subject to all of Seller’s 's deliveries having been received and such other conditions to Purchaser’s 's performance as are contained in Section 5 6.1 hereof, Escrow Agent shall record the Deed, disburse the settlement proceeds as indicated on the settlement sheetsstatement signed by Purchaser and Seller, and distribute all Closing documents as directed by counsel for Purchaser and Seller.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Columbia Equity Trust, Inc.)

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