Examples of Escrow Agent in a sentence
To obtain the proceeds of a Subsequent Draw, Borrower shall complete, sign and deliver to Agent and Escrow Agent an Advance Request, for all or a portion of the Escrow Funds, at least five (5) Business Day before the requested Advance Date.
Subject to the terms and conditions of this Agreement and the Escrow Agreement, if any, Borrower may, at any time, request an advance for all or a portion of the Escrow Funds from Escrow Agent (each such advance, a “Subsequent Draw”).
In addition, the IPA shall provide notice to Buyer and Seller of the name, address and contact information for the Escrow Agent and payment instructions.
In the event of an overpayment by Xxxxx to the Escrow Agent, the IPA shall instruct the Escrow Agent to return the overpayment to Buyer.
If an escrow process is implemented, Buyer shall make all payments otherwise due Seller under this Agreement (or due to a collateral agent for Seller acting pursuant to a collateral assignment permitted by this Agreement) to the identified Escrow Agent.