Title and Escrow. Contractor shall open an escrow with a mutually acceptable title company. County shall submit into the escrow appropriate documents and escrow instructions, along with funds specified in this Agreement. At the close of escrow, Contractor shall obtain a CLTA policy of title insurance in an amount not less than the face value of the Note, clear of any title defects which would prevent the operation of the property as affordable rental housing.
Title and Escrow. Buyer hereby selects of to serve as the Title Company and to serve as escrow agent. Buyer must object to any title defect, exception or encumbrance within 10 calendar days following receipt of the Commitment, Exception Documents, and the survey.
Title and Escrow. 6a. 6b. 6c. 6d. 6e. 6f.
Title and Escrow. Buyer hereby selects Fidelity National Title of to serve as the Title Company and Xxxxxx Xxxxxxxx to serve as escrow agent. Buyer must object to any title defect, exception or encumbrance within 10 calendar days following receipt of the Commitment, Exception Documents, and the survey.
Title and Escrow. Escrow for this transaction (“Escrow”) shall be with First American Title Company (“Escrow Holder” or “Title Company”), which is located at 0000 Xxxxx Xxxxx, Pleasanton, California 94588, Escrow Officer: Xxxxx Xxxxxx. Within three (3) business days following the execution of this Agreement by both parties, the parties shall deposit with Escrow Holder a fully signed original, or counterpart originals, of this Agreement, together with the First Installment. Escrow shall open as of the date upon which Escrow Holder has received a fully signed original, or counterpart originals, of this Agreement. Escrow Holder is hereby authorized and instructed to act in accordance with the provisions of this Agreement, as the same may be amended in writing by the parties, which Agreement, together with any separate escrow instructions submitted by a party, shall constitute Escrow Holder’s escrow instructions, provided however, that if there is a conflict between a party’s individual escrow instructions and this Agreement, this Agreement will control.
Title and Escrow. The parties hereby nominate the Seattle office of Chicago Title Insurance Company, located at 000 Xxxxx Xxxxxx, Xxxxx 0000, to serve as title insurer and escrow officer for the transaction described in this Agreement (“Escrow Agent”).
Title and Escrow. 5.1 Xxxxx shall, at Xxxxx’x cost, provide RHO with preliminary title reports on the properties described in Sections 1.1, 2.1, and 3.1 above
5.2 RHO shall, at RHO’s cost, provide Xxxxx with preliminary title reports on the properties described in Sections 2.2, 3.2, and 4.1 above.
5.3 All land shall be conveyed free of any mortgage or tax lien in the same state of title as most recently conveyed, i.e. Warranty Deed, Special Warranty Deed, Quitclaim Deed (see Exhibit B, Conveyance Methodology), and subject only to title exceptions post-dating the conveying Party’s ownership of the land that are acceptable to the Party receiving the properties. Any disputes regarding such title exceptions shall be diligently resolved pursuant to the dispute resolution provisions of this Agreement, Section 9.1. The conveying Party shall, at such Party’s cost, prepare the form of the conveyance document and conveyance tax certificate for properties conveyed.
5.4 The Parties understand and agree that the land acres and tree acres figures set forth in Exhibit B are best estimates of the ownership interests reflected in the title records. The Parties further understand and agree that the conveyance documents shall reflect the land acres set forth in the preliminary title report prepared for each parcel.
5.5 All land, property, improvements and trees conveyed or transferred shall be in “AS IS” condition.
5.6 Each Party shall be responsible for all recording fees, conveyance taxes, and title insurance (if desired) on the land and property they acquire. The consideration for all properties acquired by each Party shall be prorated based on tax assessed values. The allocation of the consideration among the properties acquired through this land and property exchange shall be determined by the acquiring Party.
5.7 The Parties agree to jointly retain Xxxxxx Xxxx Planning Consultants as a planner to file an application for consolidation and re-subdivision for the Xxx 0000 Partition and RHO Fee Partition. Each Party shall share equally in fees and costs incurred by the planner, including but not limited to, surveying costs, legal fees and filing fees.
5.8 Excluding the Kau 2000 Partition and RHO Fee Partition conveyances, all duly executed conveyance documents and lease termination agreements shall be deposited in Escrow (as defined below) on or before March 31, 2017 and recorded pursuant to the Escrow Instructions (set forth below). This deadline may be extended by mutual written agreement...
Title and Escrow. Escrow: This Contract will be used as escrow instructions. The Escrow Company employed by the parties to carry out 111. the terms of this Contract shall be: 112. (ESCROW COMPANY) (TELEPHONE)
Title and Escrow. (a) Contemporaneously with the execution of this Agreement, the parties hereto shall deposit an executed counterpart of this Agreement with Title Company and this Agreement shall serve as instructions to Title Company as the escrow holder for consummation of the purchase and sale of the Campus Property contemplated hereby. Seller and Buyer agree to execute such additional escrow instructions as may be appropriate to enable the Title Company, as escrow holder, to comply with the terms of this Agreement; provided, however, that in the event of any conflict between the provisions of this Agreement and any supplementary escrow instructions, the terms of this Agreement shall control.
(b) Title Company has prepared the Closing Statement with respect to the Campus Property and Buyer and Seller have had sufficient opportunity to review the Closing Statement prior to the Effective Date.
(c) Title Company agrees be bound by the terms of this Agreement as they relate to the duties of Title Company. However, such agreement does not constitute Title Company as a party to this Agreement and no consent or approval from Title Company shall be required to amend, extend, supplement, cancel or otherwise modify this Agreement except to the extent any such action increases the duties of Title Company or exposes Title Company to increased liability, in which such action shall not be binding on Title Company unless Title Company has consented to the same in writing.
(d) Title Company agrees to be the designated “reporting person” under §6045(e) of the U.S. Internal Revenue Code of 1986 as amended (with respect to the real estate transaction described in this Agreement) and to prepare, file and deliver such information, returns and statements as the U.S. Treasury Department may require by regulations or forms in connection with such requirements, including Form 1099-B.
Title and Escrow. Escrow for this transaction (“Escrow”) shall be with First American Title Insurance Company (“Escrow Holder” or “Title Company”), which is located at 0000 Xx. Xxxxxx Xxxxxxxxx, Xxxxx 000, Xxxxxx Xxxxx, Xxxxxxxxxx 00000, Escrow Officer: Xxxx Xxxxx-Xxxxxx. Within three (3) business days following the execution of this Agreement by both parties, the parties shall deposit with Escrow Holder a fully signed original, or counterpart originals, of this Agreement, together with the Deposit. Escrow shall open as of the date upon which Escrow Holder has received a fully signed original, or counterpart originals, of this Agreement. Escrow Holder is hereby authorized and instructed to act in accordance with the provisions of this Agreement, as the same may be amended in writing by the parties, which Agreement, together with any separate escrow instructions submitted by a party, shall constitute Escrow Holder’s escrow instructions, provided however, that if there is a conflict between a party’s individual escrow instructions and this Agreement, this Agreement will control.
