XXXXXXX MONEY ESCROW. The xxxxxxx money funds shall be held in escrow for the mutual benefit of the Parties by the Seller’s Broker/ the Buyer’s Broker/ X Other agreed to party, namely, Central Illinois Title Company, as “Escrowee”. Initial Xxxxxxx Money of $ shall be tendered to Escrowee on or before 5 business days after Date of acceptance for the mutual benefit of the parties, and shall be disbursed according to the terms of this Contract.
XXXXXXX MONEY ESCROW. The xxxxxxx money shall be deposited by Seller into an escrow account maintained with Xxxxxxxxxx County Abstract Company. The title company shall hold this money as escrowee for the mutual benefit of the parties. Disbursements of the funds in escrow shall be according to the terms of this Contract and regulations of the Illinois Office of Banks and Real Estate. In the event the sale is not completed, escrowee shall deliver the funds as the parties agree and direct in writing which direction shall be delivered to escrowee within 30 days after the Closing date as set forth in this Contract. After deducting any direct expenses incurred by Xxxxxxxx Auctioneers, LLC in furtherance of completion of this executed Contract, if the parties are in disagreement and have not jointly directed the escrowee as to the disposition of the funds within the thirty (30) day period described above, upon fifteen (15) days written notice to Seller and Buyer, escrowee may then deposit the funds with the Clerk of the Circuit Court of the county in which the Real Estate is located, by filing of an action in the nature of an interpleader. Buyer and Seller agree that the escrowee will be reimbursed for all costs, including reasonable attorneys’ fees, related to the filing of an interpleader and reasonable broker’s expenses and do hereby agree to indemnify and hold escrowee harmless from any and all claims and demands, (unless arising from the negligence or intention of the escrowee), including the payment of all reasonable attorney’s fees, costs, and expenses.
XXXXXXX MONEY ESCROW. The xxxxxxx money funds shall be held in escrow for the mutual benefit of the Parties by the Seller’s Broker/ the Buyer’s Broker/ Other agreed to party, namely, , as “Escrowee”. Initial Xxxxxxx Money of $ shall be tendered to Escrowee on or before days after Date of acceptance for the mutual benefit of the parties, and shall be disbursed according to the terms of this Contract.
XXXXXXX MONEY ESCROW. The xxxxxxx money funds shall be held in escrow for the mutual benefit of the Parties by the Seller’s Broker/ the Buyer’s Broker/ _X Other agreed to party, namely, Pepping, Balk, Xxxxxxx & Xxxxx, Ltd. Trust Account, as “Escrowee”. Initial Xxxxxxx Money of $ shall be tendered to Escrowee on or before days after Date of acceptance for the mutual benefit of the parties, and shall be disbursed according to the terms of this Contract.
XXXXXXX MONEY ESCROW. The xxxxxxx money funds shall be held in escrow for the mutual benefit of the Parties by the Seller’s Broker/ the Buyer’s Broker/ X_ Other agreed to party, namely, Xxxxxx Abstract Company, as “Escrowee”. Initial Xxxxxxx Money of 10% of the Purchase Price shall be tendered to Escrowee on or before 3 business days after Date of acceptance for the mutual benefit of the parties, and shall be disbursed according to the terms of this Contract.
XXXXXXX MONEY ESCROW. Simultaneously with the execution and delivery of this Contract by Buyer and Seller, Buyer shall deposit the Xxxxxxx Money Deposit (which shall be considered the “Xxxxxxx Money”) with Lane & Xxxxxxxx LLP, as escrow agent (“Escrow Agent”), to be held in an escrow account for the mutual benefit of Seller and Buyer, and disbursed according to the terms of this Contract. Buyer acknowledges and agrees that Escrow Agent is authorized to wire the Xxxxxxx Money Deposit to the Title Company to complete Closing, no less than one (1) business day prior to the Closing Date to be held and applied toward the Purchase Price.
XXXXXXX MONEY ESCROW. The xxxxxxx money funds shall be held in escrow by Xxxxxxxxx, Xxxxxxx & Xxxxxxxx, as Escrowee, for the mutual benefit of the parties, and shall be disbursed according to the terms of this Contract. THERE SHALL BE NO DISBURSEMENT OF XXXXXXX MONEY UNLESS ESCROWEE HAS BEEN PROVIDED WITH A SIGNED AGREEMENT FROM SELLER AND BUYER. Absent an agreement relative to the disbursement of xxxxxxx money within a reasonable period of time, Escrowee may deposit funds with the Clerk of the Circuit Court by the filing of an action in the nature of an interpleader. Escrowee shall be reimbursed from the xxxxxxx money for all costs, including reasonable attorney’s fees relating to the filing of the filing of the interpleader action. SELLER and BUYER shall indemnify and hold Escrowee harmless from any and all claims and demands arising out of the interpleader action. SELLER and BUYER shall further indemnify and hold Escrowee harmless from any and all claims and demands arising out of any release of xxxxxxx money pursuant to a written agreement of the parties or court order, and from any good faith act or omission of Escrowee taken or allowed in its role as Escrowee.
XXXXXXX MONEY ESCROW. The xxxxxxx money funds shall be held in trust for the mutual benefit of the Parties by the Seller’s Broker/ the Buyer’s Broker/ _X Other agreed to party, namely, XXXXXX TITLE CO. , as “Escrowee”. Initial Xxxxxxx Money of $ shall be tendered to Escrowee on or before 2 days after Date of acceptance for the mutual benefit of the parties, and shall be disbursed according to the terms of this Contract.
XXXXXXX MONEY ESCROW. DRAFT: Non-Executable The xxxxxxx money funds shall be deemed a down payment toward the purchase price and shall be held in escrow for the mutual benefit of the Parties by XXXXX L COVER, LTD., in its non-interest bearing IOLTA Trust Account, as “Escrowee”. The Xxxxxxx Money deemed the down payment of $ shall be given to Escrowee immediately upon execution of this Contract by the parties for the mutual benefit of the parties and shall be applied toward the purchase price according to the terms of this Contract.
XXXXXXX MONEY ESCROW. The parties agree that Chicago Title Insurance Company is hereby designated as Escrowee for the purposes of any escrow created or hereafter required in connection with this Contract. The escrow conditions are as follows:
A. Escrowee shall hold in escrow the xxxxxxx money subject to Escrowee’s standard strict joint order escrow agreement, for the mutual benefit of the parties, pursuant to the terms of this Contract until closing and not release said funds except with the agreement of all parties, or an order entered by a court of competent jurisdiction; and
B. Additional conditions: NONE
