Common use of Seller Funds Clause in Contracts

Seller Funds. Deduct all items chargeable to the account of Seller pursuant to Section 7, below. If, as the result of the net prorations and credits pursuant to Section 8, amounts are to be charged to the account of Seller, deduct the total amount of such charges (unless Seller elects to deposit additional funds for such items in Escrow); and if amounts are to be credited to the account of Seller, disburse such amounts to Seller, or in accordance with Seller’s instructions, at Close of Escrow. Disburse the Purchase Price to Seller, or as otherwise directed by Seller, promptly upon the Close of Escrow in accordance with Seller’s wire transfer instructions.

Appears in 4 contracts

Samples: Terms of Agreement (City Office REIT, Inc.), Terms of Agreement (City Office REIT, Inc.), Form of Agreement (City Office REIT, Inc.)

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Seller Funds. Deduct all items chargeable to the account of Seller pursuant to Section 7, below. If, as the result of the net prorations and credits pursuant to Section 8, amounts are to be charged to the account of Seller, deduct the total amount of such charges (unless Seller elects to deposit additional funds for such items in Escrow); and if amounts are to be credited to the account of Seller, disburse such amounts to Seller, or in accordance with Seller’s 's instructions, at Close of Escrow. Disburse the Purchase Price to Seller, or as otherwise directed by Seller, promptly upon the Close of Escrow in accordance with Seller’s 's wire transfer instructions.

Appears in 1 contract

Samples: Agreement of Purchase and Sale and Joint Escrow Instructions (Flexsteel Industries Inc)

Seller Funds. Deduct all items chargeable to the account of Seller pursuant to Section 7, below. If, as the result of the net prorations and credits pursuant to Section 8, amounts are to be charged to the account of Seller, deduct the total amount of such charges (unless Seller elects to deposit additional funds for such items in Escrow); and if amounts are to be credited to the account of Seller, disburse such amounts to Seller, or in accordance with Seller’s 's instructions, at Close of Escrow. Disburse the Purchase Price to Seller, or as otherwise directed by SellerXxxxxx, promptly upon the Close of Escrow in accordance with Seller’s 's wire transfer instructions.

Appears in 1 contract

Samples: Agreement of Purchase and Sale and Joint Escrow Instructions (American Assets Trust, L.P.)

Seller Funds. Deduct all items chargeable to the account of Seller pursuant to Section 7, below. If, as the result of the net prorations and credits pursuant to Section 8, amounts are to be charged to the account of Seller, deduct the total amount of such charges (unless Seller elects to deposit additional funds for such items in Escrow); and if amounts are to be credited to the account of Seller, disburse such amounts to Seller, or in accordance with Seller’s instructions, at Close of EscrowClosing. Disburse the Purchase Price to Seller, or as otherwise directed by Seller, promptly upon the Close of Escrow Closing in accordance with Seller’s wire transfer instructions.;

Appears in 1 contract

Samples: Agreement of Purchase and Sale and Joint Escrow Instructions (Invesco Real Estate Income Trust Inc.)

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Seller Funds. Deduct all items chargeable to the account of Seller pursuant to Section 7, below. If, as the result of the net prorations and credits pursuant to Section 8, amounts are to be charged to the account of Seller, deduct the total amount of such charges (unless Seller elects to deposit additional funds for such items in Escrowescrow with Escrow Holder); and if amounts are to be credited to the account of Seller, disburse such amounts to Seller, or in accordance with Seller’s instructions, at Close of Escrow. Disburse the Purchase Price to Seller, or as otherwise directed by Seller, promptly upon the Close of Escrow in accordance with Seller’s wire transfer instructions.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Griffin Capital Net Lease REIT, Inc.)

Seller Funds. Deduct all items chargeable to the account of Seller pursuant to Section 7, below. If, as the result of the net prorations and credits pursuant to Section 8, amounts are to be charged to the account of Seller, deduct the total amount of such charges (unless Seller elects to deposit additional funds for such items in Escrow); and if amounts are to be credited to the account of Seller, disburse such amounts to Seller, or in accordance with Seller’s 's instructions, at Close of Escrow. Disburse the net proceeds of the Purchase Price to Seller, or as otherwise directed by Seller, promptly upon the Close of Escrow in accordance with Seller’s 's wire transfer instructions.

Appears in 1 contract

Samples: Agreement of Purchase and Sale and Joint Escrow Instructions (Cohu Inc)

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