Examples of Escrow Holder in a sentence
Buyer shall deliver to the Escrow Holder for delivery or disbursement at Close of Escrow, funds in an amount equal to the Purchase Price, plus Buyer’s share of costs, fees, expenses and prorations to be borne by Buyer pursuant to this Agreement, together with Buyer’s Certificate of Acceptance to be attached to and recorded with the Grant Deed.
Upon any termination of this Agreement or cancellation of the Escrow, except as results from the default of SELLER, BUYER shall be solely responsible for the payment of the escrow cancellation costs of the Escrow Holder.
If this Agreement is terminated or Escrow is cancelled for any reason other than SELLER’s default, then BUYER shall be solely responsible for the payment of all customary and reasonable escrow cancellation charges to the Escrow Holder without further or separate instruction to the Escrow Holder and thereafter BUYER and SELLER shall have no further obligations to each other except as otherwise specified in this Agreement.
The Close of Escrow and Seller’s obligations with respect to this transaction are subject to the following conditions precedent: (a) Buyer’s delivery to Escrow Holder, on or before the Closing Date, the Purchase Price and the other items described in Section 6.2; and (b) Buyer having duly performed each and every agreement to be performed by Buyer hereunder, and Xxxxx’s representations, warranties, and covenants set forth in this Agreement, continuing to be true and correct as of the Closing date.
If Seller does not provide such affidavit or certification, Escrow Holder shall at the Closing withhold from Seller’s proceeds any amounts as may be required under such federal and state laws.