Common use of Seller Clause in Contracts

Seller. and Buyer hereby appoint Escrow Agent to serve as escrow agent hereunder, and the Escrow Agent agrees to act as escrow agent hereunder in accordance with the provisions, upon the terms and subject to the conditions of this Agreement. The Escrow Agent hereby acknowledges receipt of the Deposit. Escrow Agent shall invest the Deposit as directed by Buyer.

Appears in 49 contracts

Samples: Purchase Contract (Apple REIT Ten, Inc.), Purchase Contract (Apple REIT Ten, Inc.), Purchase Contract (Apple REIT Ten, Inc.)

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Seller. and Buyer hereby appoint Escrow Agent to serve as escrow agent hereunder, and the Escrow Agent agrees to act as escrow agent hereunder in accordance with the provisions, upon the terms and subject to the conditions of this Agreement. The Escrow Agent hereby acknowledges receipt of the Xxxxxxx Money Deposit. Escrow Agent shall invest the Xxxxxxx Money Deposit as directed by Buyer.

Appears in 5 contracts

Samples: Purchase Contract (Apple REIT Seven, Inc.), Purchase Contract (Apple REIT Seven, Inc.), Purchase Contract (Apple REIT Seven, Inc.)

Seller. and Buyer hereby appoint Escrow Agent to serve as escrow agent hereunder, and the Escrow Agent agrees to act as escrow agent hereunder in accordance with the provisions, upon the terms and subject to the conditions of this Agreement. The Escrow Agent hereby acknowledges receipt of the Deposit. Escrow Agent The Deposit shall invest the Deposit as directed by Buyerbe held in an interest bearing account in a federally insured bank or savings institution.

Appears in 1 contract

Samples: Purchase Contract (Apple REIT Seven, Inc.)

Seller. and Buyer hereby appoint Escrow Agent to serve as escrow agent hereunder, and the Escrow Agent agrees to act as escrow agent hereunder in accordance with the provisions, upon the terms and subject to the conditions of this AgreementContract. The Escrow Agent hereby acknowledges receipt of the Deposit. Escrow Agent shall invest the Deposit as directed by Buyer.

Appears in 1 contract

Samples: Purchase Contract (Apple REIT Seven, Inc.)

Seller. and Buyer hereby appoint Escrow Agent to serve as escrow agent hereunder, and the Escrow Agent agrees to act as escrow agent hereunder in accordance with the provisions, upon the terms and subject to the conditions of this Agreement. The Escrow Agent hereby acknowledges receipt of the DepositInitial Deposit (as defined in the Contract). Escrow Agent shall invest the Deposit as directed by Buyer.

Appears in 1 contract

Samples: Purchase Contract (Apple REIT Seven, Inc.)

Seller. and Buyer hereby appoint Escrow Agent to serve as the escrow agent hereunder, under this Escrow Agreement and the Escrow Agent agrees accepts such appointment, subject to act as escrow agent hereunder in accordance with the provisions, upon the terms and subject to the conditions of this Agreement. The Escrow Agent hereby acknowledges receipt of the Deposit. Escrow Agent shall invest the Deposit as directed by Buyerhereof.

Appears in 1 contract

Samples: Escrow Agreement (Educational Video Conferencing Inc)

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Seller. and Buyer hereby appoint Escrow Agent to serve as escrow agent hereunder, and the Escrow Agent agrees to act as escrow agent hereunder in accordance with the provisions, upon the terms and subject to the conditions of this Agreement. The Escrow Agent hereby acknowledges receipt of the Xxxxxxx Money Deposit. Escrow Agent shall invest the Xxxxxxx Money Deposit as directed by BuyerSeller pursuant to the terms of the Contract.

Appears in 1 contract

Samples: Purchase Contract (Apple REIT Eight, Inc.)

Seller. and Buyer hereby appoint Escrow Agent to serve as escrow agent hereunder, and the Escrow Agent agrees to act as escrow agent hereunder in accordance with the provisions, upon the terms and subject to the conditions of this Agreement. The Escrow Agent hereby acknowledges receipt of the Deposit. Escrow Agent shall invest the Deposit as directed in accounts insured by Buyerthe Federal Deposit Insurance Corporation in a manner that will assure that in the aggregate all of the Deposit is covered by such insurance.

Appears in 1 contract

Samples: Purchase Contract (Apple REIT Ten, Inc.)

Seller. and Buyer hereby appoint Escrow Agent to serve as escrow agent hereunder, and the Escrow Agent agrees to act as escrow agent hereunder in accordance with the provisions, upon the terms and subject to the conditions of this Agreement. The Escrow Agent hereby acknowledges receipt of the Deposit. Escrow Agent shall invest the Deposit as directed by BuyerBuyers.

Appears in 1 contract

Samples: Purchase Contract (Apple REIT Seven, Inc.)

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