Common use of Release of Escrowed Funds Clause in Contracts

Release of Escrowed Funds. Upon receiving satisfactory direction signed by Purchaser and Seller, that the said sums can be released from escrow, the Escrow Agent shall promptly disburse to the Seller the entire amount being held in escrow, less any deductions hereinafter authorized, including, but not limited to the amount of Four Hundred Dollars ($400.00) to be paid to Escrow Agent for their services which cost shall be split equally by the Seller and Purchaser.

Appears in 4 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Old National Bancorp /In/), Purchase and Sale Agreement (Old National Bancorp /In/)

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Release of Escrowed Funds. Upon receiving satisfactory direction signed by Purchaser Seller and SellerPurchaser, that the said sums can be released from escrow, the Escrow Agent shall promptly disburse to the Seller party entitled thereto pursuant to the entire amount being held in escrowjoint instructions, less any deductions hereinafter authorized, including, but not limited to the amount of Four Hundred Dollars ($400.00) $ to be paid to Escrow Agent for their services which cost shall be split equally by the Seller and Purchaser.

Appears in 4 contracts

Samples: Purchase and Sale Agreement (Old National Bancorp /In/), Purchase and Sale Agreement (Old National Bancorp /In/), Purchase and Sale Agreement (Old National Bancorp /In/)

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Release of Escrowed Funds. Upon receiving satisfactory direction signed by Purchaser Buyer and Seller, that the said sums can be released from escrow, the Escrow Agent shall promptly disburse to the Seller the entire amount being held in escrow, less any deductions hereinafter authorized, including, but not limited to the amount of Four Hundred Dollars ($400.00) to be paid to Escrow Agent for their services which cost shall be split equally by the Seller and PurchaserBuyer.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Old National Bancorp /In/), Purchase and Sale Agreement (Old National Bancorp /In/)

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