Common use of Title Transfer and Payment of Purchase Price Clause in Contracts

Title Transfer and Payment of Purchase Price. (a) Purchaser agrees to deliver the cash payment specified in Section 4.2(b)(i) above by wiring the same to the Escrow Holder so that the wire may be confirmed in time to allow Closing to occur on the Closing Date. In addition, after all Purchaser’s conditions set forth in Section 7.2 have been satisfied or waived, Purchaser shall direct the Escrow Holder to deposit or wire the same into Seller’s designated account(s) upon the recording by the Title Company of the documents to be executed and delivered by Seller under Sections 4.2(a) above or upon issuance by the Title Company of, or unconditional agreement by the Title Company to issue, the Title Policy. (b) Upon receipt of all items specified in Section 4.2 and following the satisfaction or waiver of all conditions precedent to Closing and upon Title Company issuing or committing to issue the Title Policy, Escrow Holder shall take the following actions: (i) Prorate any and all amounts to be prorated pursuant to Sections 5.1 and 5.2 below; (ii) Date and cause to be recorded the Deed as of Closing and designate that the Deed be returned directly to Purchaser after recordation; (iii) Issue the Title Policy to Purchaser; (iv) Deliver the Deposit and the balance of the Purchase Price to Seller, plus or minus appropriate adjustments; (v) Credit Purchaser with the total of any and all tenant security deposits then held by Seller under the Leases and any and all prorated rents and other items; (vi) Deliver properly executed copies of the Closing Statement to Seller and to Purchaser, which Closing Statement shall have been approved by Seller and Purchaser prior to Closing; (vii) Deliver to Seller a copy of the Deed as recorded and executed originals of all documents delivered by Purchaser to Escrow Holder pursuant to Section 4.2(b) above; (viii) Deliver to Purchaser executed originals of all documents delivered by Seller to Escrow Holder pursuant to Section 4.2(a) above, other than that set forth in Section 4.2(a)(i) above; and (ix) Pay any broker’s commissions as provided herein.

Title Transfer and Payment of Purchase Price. (a) Purchaser agrees Seller shall convey to deliver the cash payment specified in Section 4.2(b)(i) above by wiring the same Buyer title to the Escrow Holder so that Real Property by General Warranty Deed(s), subject to the wire may be confirmed in time Permitted Exceptions and to allow Closing to occur on the Closing Date. In addition, after all Purchaser’s conditions set forth in Section 7.2 have been satisfied or waived, Purchaser shall direct the Escrow Holder to deposit or wire the same into Seller’s designated account(s) upon the recording by the Title Company of the documents Leased Property by assignment(s) of Leases subject to be executed the Reservations, and delivered title to the Real Property Outparcels by Seller under Sections 4.2(a) above or upon issuance by the Title Company of, or unconditional agreement by the Title Company to issueQuit Claim Deed. At Closing, the Title Policy. (b) Upon receipt deeds and assignments for conveyance of all items specified in Section 4.2 of the Property and following the satisfaction or waiver of all conditions precedent to Closing and upon Title Company issuing or committing to issue Real Property Outparcels, except the Title PolicyDeferred Parcels, Escrow Holder shall take the following actions: (i) Prorate any and all amounts to be prorated pursuant to Sections 5.1 and 5.2 below; (ii) Date and cause to be recorded the Deed as of Closing and designate that the Deed be returned directly to Purchaser after recordation; (iii) Issue the Title Policy to Purchaser; (iv) Deliver the Deposit and the balance portion of the Purchase Price allocated pursuant to Paragraph 1.7 for disbursement to Seller for such conveyances (less Seller's prorations and adjustments, plus funding of the Remediation Escrow Fund and Seller's closing expenses) and for payment of closing expenses for such conveyances, shall be immediately released and paid from escrow upon the Title Company's issuance of an endorsement or minus appropriate adjustments; (v) Credit Purchaser with mark-xx of the total Title Binder deleting the Schedule B-1 requirements and the pre-printed exceptions other than the exception for taxes for the year of any Closing and all tenant security deposits then for the survey exception in the event Buyer elects not to obtain a survey or, if Buyer elects to obtain a survey, the survey exception shall be modified to include survey matters which are Permitted Exceptions, and agreeing to issue the owner's policy or policies or title insurance subject only to the Permitted Exceptions. The balance of the Cash to Close allocated to the Deferred Parcels, if any, pursuant to Paragraph 1.7, shall be held by Seller under the Leases Escrow Agent in an interest bearing escrow account (which interest shall accrue and any be paid to the United States) and all prorated rents and other items; (vi) Deliver properly executed copies of the Closing Statement to Seller and to Purchaser, which Closing Statement shall have been approved by Seller and Purchaser prior to Closing; (vii) Deliver to Seller a copy of the Deed as recorded and executed originals of all documents delivered by Purchaser to Escrow Holder disbursed pursuant to Section 4.2(b) above; (viii) Deliver to Purchaser executed originals of all documents delivered by Seller to the Escrow Holder pursuant to Section 4.2(a) above, other than that set forth in Section 4.2(a)(i) above; and (ix) Pay any broker’s commissions as provided hereinAgreement.

Title Transfer and Payment of Purchase Price. (a) Purchaser agrees to deliver the cash payment specified in Section 4.2(b)(i) above by wiring the same to the Escrow Holder so that the wire may be confirmed in time to allow Closing to occur on the Closing Date. In addition, after all Purchaser’s conditions set forth in Section 7.2 have been satisfied or waived, Purchaser shall direct the Escrow Holder to deposit or wire the same into Seller’s designated account(s) upon the recording by the Title Company of the documents to be executed and delivered by Seller under Sections 4.2(a) above or upon issuance by the Title Company of, or unconditional agreement by the Title Company to issue, the Title Policy. (b) Upon receipt of all items specified in Section 4.2 and following the satisfaction or waiver of all conditions precedent to Closing and upon Title Company issuing or committing to issue the Title Policy, Escrow Holder shall take the following actions: (i) Prorate any and all amounts to be prorated pursuant to Sections 5.1 and 5.2 below; (ii) Date and cause to be recorded the Deed as of Closing and designate that the Deed be returned directly to Purchaser after recordation; (iii) Issue the Title Policy to Purchaser; (iv) Deliver the Deposit and the balance of the Purchase Price to Seller, plus or minus appropriate adjustments; (v) Credit Purchaser with the total of any and all tenant security deposits then held by Seller under the Leases and any and all prorated rents and other items; (vi) Deliver properly executed copies of the Closing Statement to Seller and to Purchaser, which Closing Statement shall have been approved by Seller and Purchaser prior to Closing; (vii) Deliver to Seller a copy of the Deed as recorded and executed originals of all documents delivered by Purchaser to Escrow Holder pursuant to Section 4.2(b) above; (viii) Deliver to Purchaser executed originals of all documents delivered by Seller to Escrow Holder pursuant to Section 4.2(a) above, other than the documents that set forth are to be recorded (in Section 4.2(a)(i) abovewhich case Escrow Holder shall deliver Purchaser conformed copies thereof); and (ix) Pay any broker’s commissions as provided herein.

Title Transfer and Payment of Purchase Price. (a) Purchaser agrees to deliver the cash payment specified in Section 4.2(b)(i) above by wiring the same to the Escrow Holder so that the wire may be confirmed in time to allow Closing to occur on the Closing Date. In addition, after all Purchaser’s conditions set forth in Section 7.2 have been satisfied or waived, Purchaser shall direct Date and directing the Escrow Holder to deposit or wire the same into Seller’s 's designated account(s) upon the recording by the Title Company of the documents to be executed and delivered by Seller under Sections 4.2(a) above or upon issuance by the Title Company of, or an unconditional agreement by the Title Company to issue, the Title Policy. (b) Upon receipt of all items specified in Section 4.2 and following the satisfaction or waiver of all conditions precedent to Closing and upon Title Company issuing or committing to issue the Title Policy, Escrow Holder shall take the following actions: (i) Prorate any and all amounts to be prorated pursuant to Sections 5.1 and 5.2 below; (ii) Date and cause to be recorded the Deed as of Closing and designate that the Deed be returned directly to Purchaser after recordation; (iii) Issue the Title Policy to Purchaser; (iv) Deliver the Deposit and the balance of the Purchase Price to Seller, plus or minus appropriate adjustments; (v) Credit Purchaser with the total of any and all tenant security deposits then held by Seller under called for in the Leases and any and all prorated rents and other items; (vi) Deliver properly executed copies of the Closing Statement to Seller and to Purchaser, which Closing Statement shall have been approved by Seller and Purchaser prior to Closing; (vii) Deliver to Seller a copy of the Deed as recorded and executed originals of all documents delivered by Purchaser to Escrow Holder pursuant to Section 4.2(b) above; (viii) Deliver to Purchaser executed originals of all documents delivered by Seller to Escrow Holder pursuant to Section 4.2(a) above, other than that set forth in Section 4.2(a)(i) above; and (ix) Pay any broker’s 's commissions as provided herein.

Title Transfer and Payment of Purchase Price. (a) Purchaser agrees to deliver the cash payment specified in Section 4.2(b)(i) above by wiring the same to the Escrow Holder Title Company so that the wire may be confirmed in time to allow Closing to occur on the Closing Date. In addition, after all Purchaser’s conditions set forth in Section 7.2 have been satisfied or waived, Purchaser shall direct Date and directing the Escrow Holder Title Company to deposit or wire the same into Seller’s 's designated account(s) account upon the recording by the Title Company of the documents to be executed and delivered by Seller under Sections 4.2(a) and 4.2(c) above or and upon issuance by the Title Company ofCompany, or unconditional agreement by the Title Company to issue, the Title Policy. (b) Upon receipt of all items specified in Section 4.2 and following the satisfaction or waiver of all conditions precedent to Closing and upon Title Company issuing or committing to issue the Title Policy, Escrow Holder shall take the following actions: (i) Prorate any and all amounts to be prorated pursuant to Sections 5.1 and 5.2 below; (ii) Date and cause to be recorded the Deed as of Closing and designate that the Deed be returned directly to Purchaser after recordation; (iii) Issue the Title Policy to Purchaser; (iv) Deliver the Deposit and the balance of the Purchase Price to Seller, plus or minus less appropriate adjustments; (v) Credit Purchaser with the total of any and all tenant security deposits then held by Seller under the Leases and any and all prorated rents and other items; (vi) Deliver properly executed copies of the Closing Statement to Seller and to Purchaser, ; which Closing Statement shall have been approved by Seller and Purchaser prior to Closing; (vii) Deliver to Seller a copy of the Deed as recorded and executed originals of all unrecorded documents delivered by Purchaser to Escrow Holder pursuant to Section 4.2(b) above; (viii) Deliver to Purchaser executed originals of all unrecorded documents delivered by Seller to Escrow toEscrow Holder pursuant to Section 4.2(a) above, other than that those set forth in Section 4.2(a)(i) above; and (ix) Pay any broker’s 's commissions as provided herein.

Title Transfer and Payment of Purchase Price. (a) Purchaser agrees Seller shall convey to deliver the cash payment specified in Section 4.2(b)(i) above by wiring the same Buyer title to the Escrow Holder so that Real Property by General Xxxxxxxx Xxxx(s), subject to the wire may be confirmed in time Permitted Exceptions and to allow Closing to occur on the Closing Date. In addition, after all Purchaser’s conditions set forth in Section 7.2 have been satisfied or waived, Purchaser shall direct the Escrow Holder to deposit or wire the same into Seller’s designated account(s) upon the recording by the Title Company of the documents Leased Property by assignment(s) of Leases subject to be executed the Reservations, and delivered title to the Real Property Outparcels by Seller under Sections 4.2(a) above or upon issuance by the Title Company of, or unconditional agreement by the Title Company to issueQuit Claim Deed. At Closing, the Title Policy. (b) Upon receipt deeds and assignments for conveyance of all items specified in Section 4.2 of the Property and following the satisfaction or waiver of all conditions precedent to Closing and upon Title Company issuing or committing to issue Real Property Outparcels, except the Title PolicyDeferred Parcels, Escrow Holder shall take the following actions: (i) Prorate any and all amounts to be prorated pursuant to Sections 5.1 and 5.2 below; (ii) Date and cause to be recorded the Deed as of Closing and designate that the Deed be returned directly to Purchaser after recordation; (iii) Issue the Title Policy to Purchaser; (iv) Deliver the Deposit and the balance portion of the Purchase Price allocated pursuant to Paragraph 1.7 for disbursement to Seller for such conveyances (less Seller's prorations and adjustments, plus funding of the Remediation Escrow Fund and Seller's closing expenses) and for payment of closing expenses for such conveyances, shall be immediately released and paid from escrow upon the Title Company's issuance of an endorsement or minus appropriate adjustments; (v) Credit Purchaser with mark-up of the total Title Binder deleting the Schedule B-1 requirements and the pre-printed exceptions other than the exception for taxes for the year of any Closing and all tenant security deposits then for the survey exception in the event Buyer elects not to obtain a survey or, if Buyer elects to obtain a survey, the survey exception shall be modified to include survey matters which are Permitted Exceptions, and agreeing to issue the owner's policy or policies or title insurance subject only to the Permitted Exceptions. The balance of the Cash to Close allocated to the Deferred 39 Parcels, if any, pursuant to Paragraph 1.7, shall be held by Seller under the Leases Escrow Agent in an interest bearing escrow account (which interest shall accrue and any be paid to the United States) and all prorated rents and other items; (vi) Deliver properly executed copies of the Closing Statement to Seller and to Purchaser, which Closing Statement shall have been approved by Seller and Purchaser prior to Closing; (vii) Deliver to Seller a copy of the Deed as recorded and executed originals of all documents delivered by Purchaser to Escrow Holder disbursed pursuant to Section 4.2(b) above; (viii) Deliver to Purchaser executed originals of all documents delivered by Seller to the Escrow Holder pursuant to Section 4.2(a) above, other than that set forth in Section 4.2(a)(i) above; and (ix) Pay any broker’s commissions as provided hereinAgreement.

Title Transfer and Payment of Purchase Price. (a) Purchaser agrees to deliver the cash payment specified in Section 4.2(b)(i) above by wiring the same to the Escrow Holder so that the wire may be confirmed in time to allow Closing to occur on the Closing Date. In addition, after all Purchaser’s conditions set forth in Section 7.2 have been satisfied or waived, Purchaser shall direct the Escrow Holder to deposit or wire the same Deposit and the amount provided by the Closing Statement to be owing to Seller (“Seller’s Proceeds”) into Seller’s designated account(s) upon the recording by the Title Company of the documents to be executed and delivered by Seller under Sections 4.2(a) above or upon issuance by the Title Company of, or unconditional agreement by the Title Company to issue, the Title Policy. (b) Upon receipt of all items specified in Section 4.2 and following the satisfaction or waiver of all conditions precedent to Closing and upon Title Company issuing or committing to issue the Title Policy, Escrow Holder shall take the following actions:actions (in each case to the extent set forth on the Closing Statement): (i) Prorate any and all amounts to be prorated pursuant to Sections 5.1 and 5.2 below; (c) (ii) Date and cause to be recorded the Deed as of Closing and designate that the Deed be returned directly to Purchaser after recordation; (iii) Issue the Title Policy to Purchaser; (iv) Deliver the Deposit and the balance of the Purchase Price to Seller, plus or minus appropriate adjustments; (v) Credit Purchaser with the total of any and all tenant cash security deposits then held by Seller under the Leases and any and all prorated rents and other items; (vi) Deliver properly executed copies of the Closing Statement to Seller and to Purchaser, which Closing Statement shall have been approved by Seller and Purchaser prior to Closing; (vii) Deliver to Seller a copy of the Deed as recorded and executed originals of all documents delivered by Purchaser to Escrow Holder pursuant to Section 4.2(b) above; (viii) Deliver to Purchaser executed originals of all documents delivered by Seller to Escrow Holder pursuant to Section 4.2(a) above, other than that set forth in Section 4.2(a)(i) above; and (ix) Pay any broker’s commissions as provided herein.

Title Transfer and Payment of Purchase Price. (a) Purchaser agrees to deliver the cash payment specified in Section 4.2(b)(i) above by wiring the same to the Escrow Holder so that the wire may be confirmed in time to allow Closing to occur on the Closing Date. In addition, after all Purchaser’s conditions set forth in Section 7.2 have been satisfied or waived, Purchaser shall direct Date and directing the Escrow Holder to deposit or wire the same into Seller’s 's designated account(s) upon the recording and delivery, as applicable, by the Title Company of the documents to be executed and delivered by Seller under Sections 4.2(a) above or upon issuance by the Title Company of, or unconditional agreement by the Title Company to issue, the Title Policy. (b) Upon receipt of all items specified in Section 4.2 and following the satisfaction or waiver of all conditions precedent to Closing and upon Title Company issuing or committing to issue the Title Policy, Escrow Holder shall take the following actions: (i) Prorate any and all amounts to be prorated pursuant to Sections 5.1 and 5.2 below; (ii) Date and cause to be recorded the Deed as of Closing and designate that the Deed be returned directly to Purchaser after recordation; (iii) Issue the Title Policy to Purchaser; (iv) Deliver the Deposit and the balance of the Purchase Price to Seller, plus or minus appropriate adjustmentsadjustments and retaining, if required under Section 5.1(e), the Holdback (defined below); (v) Credit Purchaser with the total of any and all tenant security deposits then held by Seller under called for in the Leases and any and all prorated rents and other items; (vi) Deliver properly executed copies of the Closing Statement to Seller and to Purchaser, which Closing Statement shall have been approved by Seller and Purchaser prior to Closing; (vii) Deliver to Seller a copy of the Deed as recorded and executed originals of all documents delivered by Purchaser to Escrow Holder pursuant to Section 4.2(b) above; (viii) Deliver to Purchaser executed originals of all documents delivered by Seller to Escrow Holder pursuant to Section 4.2(a) above, other than that set forth in Section 4.2(a)(i) above; and (ix) Pay any broker’s 's commissions as provided herein.

Title Transfer and Payment of Purchase Price. (a) Purchaser Provided all conditions precedent to Seller’s obligations hereunder have been satisfied, Seller agrees to deliver convey the cash payment specified Option, the Option Agreement and all its interests in Section 4.2(b)(i) above the Company to Buyer, free and clear of all Liens, upon confirmation of receipt of the Net Purchase Price by wiring the Escrow Agent as set forth below. Provided all conditions precedent to Buyer’s obligations hereunder have been satisfied, and subject to a concurrent closing under the Option Exercise Agreement, Buyer agrees to pay the Net Purchase Price by timely delivering the same to the Escrow Holder so that Agent no later than 12:00 noon Eastern Time on the wire may be confirmed Closing Date and causing the Escrow Agent to deposit the same in time to allow Closing to occur Seller’s designated account by 2:00 p.m. Eastern Time on the Closing Date. In addition, after provided that all Purchaserconditions to Buyer’s conditions set forth in Section 7.2 obligations hereunder have been satisfied or waived, Purchaser shall direct and Buyer fails to deliver to the Escrow Holder Agent the Net Purchase Price no later than 12:00 noon Eastern Time on the Closing Date, then for each full or partial day after 2:00 p.m. Eastern Time on the Closing Date that Seller has not received in its account the Net Purchase Price, Buyer shall pay to deposit or wire Seller at Closing (and as a condition thereto) the same into Sellergreater of (a) an amount equal to one (1) day’s designated account(s) upon interest on the recording by unpaid funds at the Title Company rate per annum equal to the “prime rate” as such rate is reported in the “Money Rates” section of the documents THE WALL STREET JOURNAL, as published and distributed in New York, New York, in effect from time to be executed time, and delivered by Seller under Sections 4.2(a) above or upon issuance by the Title Company of, or unconditional agreement by the Title Company to issue, the Title Policy. (b) Upon receipt of all items specified in Section 4.2 and following an amount equal to the satisfaction or waiver of per diem proration for one (1) day. Further, provided that all conditions precedent to Seller’s obligations hereunder have been satisfied and Seller fails to deliver to the Escrow Agent the Seller’s closing deliverables specified herein no later than 12:00 noon Eastern Time on the Closing and upon Title Company issuing Date, then for each full or committing to issue partial day after 2:00 p.m. Eastern Time on the Title Policy, Escrow Holder shall take Closing Date that Buyer has not received the following actions: (i) Prorate any and all amounts to be prorated pursuant to Sections 5.1 and 5.2 below; (ii) Date and cause to be recorded the Deed as of Closing and designate that the Deed be returned directly to Purchaser after recordation; (iii) Issue the Title Policy to Purchaser; (iv) Deliver the Deposit Option and the balance LLC Interests, Seller shall pay to Buyer at Closing (and as a condition thereto) the greater of (a) an amount equal to one (1) day’s interest on the Purchase Price unpaid funds at the rate per annum equal to Sellerthe “prime rate” as such rate is reported in the “Money Rates” section of THE WALL STREET JOURNAL, plus or minus appropriate adjustments; as published and distributed in New York, New York, in effect from time to time, and (vb) Credit Purchaser with an amount equal to the total of any and all tenant security deposits then held by Seller under the Leases and any and all prorated rents and other items; per diem proration for one (vi1) Deliver properly executed copies of the Closing Statement to Seller and to Purchaser, which Closing Statement shall have been approved by Seller and Purchaser prior to Closing; (vii) Deliver to Seller a copy of the Deed as recorded and executed originals of all documents delivered by Purchaser to Escrow Holder pursuant to Section 4.2(b) above; (viii) Deliver to Purchaser executed originals of all documents delivered by Seller to Escrow Holder pursuant to Section 4.2(a) above, other than that set forth in Section 4.2(a)(i) above; and (ix) Pay any broker’s commissions as provided hereinday.

Title Transfer and Payment of Purchase Price. (a) Purchaser agrees to deliver the cash payment specified in Section 4.2(b)(i) above by wiring the same to the Escrow Holder so that the wire may be confirmed in time to allow Closing to occur on the Closing Date. In addition, after all Purchaser’s conditions set forth in Section 7.2 have been satisfied or waived, Purchaser shall direct the Escrow Holder to deposit or wire the same into Seller’s designated account(s) upon the recording by the Title Company of the documents to be executed and delivered by Seller under Sections 4.2(a) above or upon issuance by the Title Company of, or unconditional agreement by the Title Company to issue, the Title Policy. (b) Upon receipt of all items specified in Section 4.2 and following the satisfaction or waiver of all conditions precedent to Closing and upon Title Company issuing or committing to issue the Title Policy, Escrow Holder shall take the following actions: (i) Prorate any and all amounts to be prorated pursuant to Sections 5.1 and 5.2 below; (ii) Date and cause to be recorded the Deed as of Closing and designate that the Deed be returned directly to Purchaser after recordation; (iii) Issue the Title Policy to Purchaser; (iv) Deliver the Deposit and the balance of the Purchase Price to Seller, plus or minus appropriate adjustments; (v) Credit Purchaser with the total of any and all tenant security deposits then held by Seller under the Leases and any and all prorated rents and other items; (vi) Deliver properly executed copies of the Closing Statement to Seller and to Purchaser, which Closing Statement shall have been approved by Seller and Purchaser prior to Closing; (vii) Deliver to Seller a copy of the Deed as recorded and executed originals of all documents delivered by Purchaser to Escrow Holder pursuant to Section 4.2(b) above; (viii) Deliver to Purchaser executed originals of all documents delivered by Seller to Escrow Holder pursuant to Section 4.2(a) above, other than that set forth in Section 4.2(a)(i) above; and (ix) Pay any broker’s commissions as provided herein.

Title Transfer and Payment of Purchase Price. (a) Purchaser agrees to deliver the cash payment specified in Section 4.2(b)(i) above by wiring the same to the Escrow Holder so that the wire may be confirmed in time to allow Closing to occur on the Closing Date. In addition, after all Purchaser’s conditions set forth in Section 7.2 have been satisfied or waived, Purchaser shall direct Date and directing the Escrow Holder to deposit or wire the same into Seller’s designated account(s) upon the recording by the Title Company of the documents to be executed and delivered by Seller under Sections 4.2(a) above or upon issuance by the Title Company of, or unconditional agreement by the Title Company to issue, the Title Policy. (b) Upon receipt of all items specified in Section 4.2 and following the satisfaction or waiver of all conditions precedent to Closing and upon Title Company issuing or committing to issue the Title Policy, Escrow Holder shall take the following actions: (i) Prorate any and all amounts to be prorated pursuant to Sections 5.1 and 5.2 below; (ii) Date and cause to be recorded the Deed and the Assignment and Assumption, as of Closing and designate that the Deed and the Assignment and Assumption be returned directly to Purchaser after recordation; (iii) Issue the Title Policy to Purchaser; (iv) Deliver the Deposit and the balance of the Purchase Price to Seller, plus or minus appropriate adjustments; (v) Credit Purchaser with the total of any and all tenant security deposits then held by Seller under called for in the Leases and any and all prorated rents and other items; (vi) Deliver properly executed copies of the Closing Statement to Seller and to Purchaser, which Closing Statement shall have been approved by Seller and Purchaser prior to Closing; (vii) Deliver to Seller a copy of the Deed and the Assignment and Assumption as recorded and executed originals of all documents delivered by Purchaser to Escrow Holder pursuant to Section 4.2(b) above; (viii) Deliver to Purchaser executed originals of all documents delivered by Seller to Escrow Holder pursuant to Section 4.2(a) above, other than that set forth in Section 4.2(a)(i) above; and (ix) Pay any broker’s commissions as provided herein.

Title Transfer and Payment of Purchase Price. (a) Purchaser agrees to deliver the cash payment specified in Section 4.2(b)(i) above by wiring the same to the Escrow Holder so that the wire may be confirmed in time to allow Closing to occur on the Closing Date. In addition, after all Purchaser’s conditions set forth in Section 7.2 have been satisfied or waived, Purchaser shall direct the Escrow Holder to deposit or wire the same into Seller’s designated account(s) upon the recording by the Title Company of the documents to be executed and delivered by Seller under Sections 4.2(a) above or upon issuance by the Title Company of, or unconditional agreement by the Title Company to issue, the Title Policy. (b) Upon receipt of all items specified in Section 4.2 and following the satisfaction or waiver of all conditions precedent to Closing and upon Title Company issuing or committing to issue the Title Policy, Escrow Holder shall take the following actions: (i) Prorate any and all amounts to be prorated pursuant to Sections 5.1 and 5.2 below; (ii) Date and cause to be recorded the Deed as of Closing and designate that the Deed be returned directly to Purchaser after recordation; (iii) Issue the Title Policy to Purchaser; (iv) Deliver the Deposit and the balance of the Purchase Price to Seller, plus or minus appropriate adjustments; (v) Credit Purchaser with the total of any and all tenant security deposits then held by Seller under the Leases and any and all prorated rents and other items; (vi) Deliver properly executed copies of the Closing Statement to Seller and to Purchaser, which Closing Statement shall have been approved by Seller and Purchaser prior to Closing; (vii) Deliver to Seller a copy of the Deed as recorded and executed originals of all documents delivered by Purchaser to Escrow Holder pursuant to Section 4.2(b) above; (viii) Deliver to Purchaser executed originals of all documents delivered by Seller to Escrow Holder pursuant to Section 4.2(a) above, other than that set forth in Section 4.2(a)(i) above; and (ix) Pay any broker’s commissions as provided herein.