Common use of Sales Proceeds Withholding Clause in Contracts

Sales Proceeds Withholding. The escrow/closing office is authorized and directed to withhold from Seller’s proceeds at Closing, sufficient funds to pay off on Seller’s behalf all mortgages, trust deeds, judgments, mechanic's liens, tax liens and warrants. The provisions of this Section 4.3(e) shall survive Closing.

Sales Proceeds Withholding. The escrow/closing office is authorized and directed to withhold from Seller’s proceeds at Closing, sufficient funds to pay off on SellerXxxxxx’s behalf all mortgages, trust deeds, judgments, mechanic's liens, tax liens and warrants. The provisions of this Section 4.3(e) shall survive Closing.

Sales Proceeds Withholding. The escrow/closing office is authorized and directed to withhold from Seller’s 's proceeds at Closing, sufficient funds to pay off on Seller’s Xxxxxx's behalf all mortgages, trust deeds, judgments, mechanic's liens, tax liens and warrants. The provisions of this Section 4.3(e) shall survive Closing.