Examples of Escrow Holders in a sentence
Escrow Holder's knowledge of matters affecting the property, provided such facts do not prevent compliance with these instructions, does not create any liability or duty in addition to these instructions.
If the Closing does not occur on or before the Closing Date, then Buyer or Seller, if not in default under this Agreement, may at any time thereafter give written notice to Escrow Holder to cancel the Escrow whereupon the Escrow and the subject transaction shall become terminated and Escrow Holder shall distribute all monies and documents in Escrow Holder's possession in accordance with this Agreement and all additional mutual instructions as the parties may provide.
Seller shall pay (a) one-half (1/2) of Escrow Holder's fee, (b) any documentary transfer and stamp taxes payable in connection with the recordation of the Deed and (c) Escrow Holder's customary charges to a seller for document drafting, recording and miscellaneous charges.
Escrow Holder shall promptly deposit the Deposit into a federally-insured interest-bearing account for the benefit of Buyer upon Escrow Holder's receipt of Buyer's United States taxpayer identification number.
All funds will be held by Escrow Holder in a Money Market Investment Account bearing interest at Escrow Holder's then applicable rate.