Examples of Escrow Holder in a sentence
Within two (2) business days after the Effective Date of this Agreement, Xxxxx and Seller will open escrow (the "Escrow”) with Escrow Holder at which time they will deliver to Escrow Holder a fully executed copy of this Agreement (the “Opening of Escrow”).
Upon deposit with Escrow Holder, the Deposit shall be non-refundable except as otherwise provided in this Agreement.
The Deposit shall be invested by the Escrow Holder in a money market account, a federally insured investment or such other investment as may be approved by Seller and Buyer in writing.
In addition, Seller and Buyer hereby designate Escrow Holder as the “Reporting Person” for the transaction pursuant to Section 6045(e) of the Internal Revenue Code.
Xxxxx and Seller agree to execute any additional instructions reasonably required by Escrow Holder.