Close of Escrow definition

Close of Escrow or “Closing” means the date Escrow Holder records the Deed in favor of Buyer. The Closing shall take place on the Closing Date set forth in Section 1.5.1, as the same may be extended, provided all conditions to the Closing have been satisfied or duly waived as provided herein.

Close of Escrow means the date of the close of escrow between the builder and the original homeowner. With respect to claims by an association, as defined in Section 4080, “close of escrow” means the date of substantial completion, as defined in Section 337.15 of the Code of Civil Procedure, or the date the builder relinquishes control over the association’s ability to decide whether to initiate a claim under this title, whichever is later.

Close of Escrow means the fulfillment of the Escrow terms and conclusion of the Escrow, including, without limitation, the execution of unexecuted documents, the recordation of documents specified for recording, the issuance of title insurance policies, the payment of fees and the delivery of funds and documents as directed in the escrow instructions for the Escrow. The Close of Escrow shall occur on the Closing Date.

Examples of Close of Escrow in a sentence

• Escrow Holder shall deliver the Purchase Price to DISTRICT by wire transfer as provided in written instructions to be furnished to Escrow Holder by DISTRICT prior to the Close of Escrow, together with one duplicate original of all of the items listed in Section 3.4 above on the Close of Escrow and a conformed copy of the Grant Deed.

• Any recording fees for the documents to be recorded under this Agreement and the escrow fee of Escrow Holder shall be paid by the CITY; provided, however, that if the Close of Escrow has not occurred by the Closing Date by reason of a default hereunder, the defaulting party shall bear all Escrow cancellation charges.

• Escrow Holder shall deliver to CITY all of the items listed in Section 3.3 above which were delivered by DISTRICT to Escrow, except that Escrow Holder shall be instructed to record the original Grant Deed with the Recorder’s Office in San Bernardino County, California upon Close of Escrow.

• The Close of Escrow shall occur as soon as reasonably practicable following the expiration of the Due Diligence Period, but in no event later than the date that is thirty (30) days following the expiration of the Due Diligence Period (“Closing Date”).

• The foregoing indemnity shall survive the Close of Escrow or the termination of this Agreement.

More Definitions of Close of Escrow

Close of Escrow means the consummation of the purchase of the Property by Buyer from Seller and the recordation of Seller's Grant Deed(s) in accordance with the terms and provisions of this Agreement.

Close of Escrow are terms used interchangeably in this Agreement. The Closing or the Close of Escrow will be deemed to have occurred when the Grant Deed is recorded in the official records of the county in which the Property is located.

Close of Escrow means the moment when all the parties to escrow have fully performed their respective duties as provided in paragraphs (d) and (e) below, respectively, and the Escrow Holder has filed the documents for record and made distributions. Title shall be conveyed and possession delivered to Buyer upon Close of Escrow and recordation of the grant deed.

Close of Escrow shall have the meaning set forth in SECTION 4.7.2.

Close of Escrow means the time of recording of the Grant Deed in the Official Records.

Close of Escrow. As set forth in Section 5.1 hereof.

Close of Escrow means the date the grant deed, or other evidence of transfer of title, is recorded. If the scheduled close of escrow falls on a Saturday, Sunday or legal holiday, then close of escrow shall be the next business day after the scheduled close of escrow date.