Closing Funds definition

Closing Funds. As defined in Section 4.4.
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Closing Funds means the gross or net proceeds of the real estate transaction, including any loan funds, to be disbursed by the settlement agent as part of the disbursement of settlement proceeds on behalf of the parties.
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Closing Funds means the money necessary to complete or close a transaction in real estate; “transaction in real estate” means,
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Examples of Closing Funds in a sentence

  • If Paragraph 6(b) is checked and Closing Funds from Buyer’s lender(s) are not 52 available on Closing Date due to Consumer Financial Protection Bureau Closing Disclosure delivery requirements 53 (“CFPB Requirements), if applicable, then Closing Date shall be extended for such period necessary to satisfy 54 CFPB Requirements, provided such period shall not exceed 10 days.

  • Broker Dealer shall invoice the Issuer for all Reimbursable Expenses not deducted from the Closing Funds.

  • The Closing Funds to be deposited by Buyer pursuant to this Section 2.2.3 shall be made by wire transfer of federal funds or in another immediately available form.

  • Purchaser shall be required to deposit the Closing Funds with Escrow Agent on or prior to the Closing Date, and in no event later than the Loan Pay-Off Wire Deadline.

  • The purchase price to be paid is: 37 $ , U.S. Dollars, 38 (“Purchase Price”) which shall be disbursed at Buyer’s expense and paid to Seller or Seller’s Closing Agency in the 39 same form as deemed acceptable under the Tennessee Residential Closing Funds Distribution Act of 2005, as amended 40 in Tenn.


More Definitions of Closing Funds

Closing Funds shall have the meaning assigned thereto in Section 2.2(a)(iii).
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Closing Funds is defined in Section 2.1.
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Closing Funds means $2,470,000.
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Closing Funds is defined in paragraph 5(b) of this Agreement.
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Closing Funds means the gross or net proceeds of the real estate
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Closing Funds means just the aforesaid funds.
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Closing Funds means the $37,000.00 currently held in Xxxxxxxxxxx & Xxxxxxxx, LLP's client trust account that was tendered to GPN by Terra on or about November 28, 2001.
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