Common use of XXXXXXX MONEY ESCROW Clause in Contracts

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 escrow by Xxxxxxxxx, Xxxxxxx & XxxxxxxxIroquois Title Company, 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 escrow by Xxxxxxxxx, Xxxxxxx & XxxxxxxxIroquois Title Company , 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.