Close of Escrow definition

Close of Escrow means the date of the close of escrow between the builder and the original homeowner. With respect to claims by an association, as defined in Section 4080, “close of escrow” means the date of substantial completion, as defined in Section 337.15 of the Code of Civil Procedure, or the date the builder relinquishes control over the association’s ability to decide whether to initiate a claim under this title, whichever is later.

Close of Escrow or “Closing” means the date Escrow Holder records the Deed in favor of Buyer. The Closing shall take place on the Closing Date set forth in Section 1.5.1, as the same may be extended, provided all conditions to the Closing have been satisfied or duly waived as provided herein.

Close of Escrow means the consummation of the purchase of the Property by Buyer from Seller and the recordation of Seller's Grant Deed(s) in accordance with the terms and provisions of this Agreement. 1.8

Examples of Close of Escrow in a sentence

• Seller will not, directly or indirectly, alienate, encumber, transfer, mortgage, assign, pledge, or otherwise convey its interest prior to the Close of Escrow, as long as this Agreement is in force.

• Segregation and pro-rations of real estate taxes, assessments and similar charges shall be done based upon the most currently available information at the Close of Escrow.

• All indemnities, covenants, representations and warranties contained in this Agreement shall survive Close of Escrow.

• Any unpaid taxes at time of Close of Escrow will be split pro-rata between the Parties.

• Upon Close of Escrow, Buyer shall cause Escrow Holder to issue a CLTA extended coverage owner’s policy of title insurance, or, at Buyer’s election, an ALTA owner’s policy of title insurance, in the amount of the Purchase Price, insuring that title to the Property is vested in Buyer.

More Definitions of Close of Escrow

Close of Escrow means the fulfillment of the Escrow terms and conclusion of the Escrow, including, without limitation, the execution of unexecuted documents, the recordation of documents specified for recording, the issuance of title insurance policies, the payment of fees and the delivery of funds and documents as directed in the escrow instructions for the Escrow. The Close of Escrow shall occur on the Closing Date.

Close of Escrow means the moment when all the parties to escrow have fully performed their respective duties as provided in paragraphs (d) and (e) below, respectively, and the Escrow Holder has filed the documents for record and made distributions. Title shall be conveyed and possession delivered to Buyer upon Close of Escrow and recordation of the grant deed.

Close of Escrow are terms used interchangeably in this Agreement. The Closing or the Close of Escrow will be deemed to have occurred when the Grant Deed is recorded in the official records of the county in which the Property is located.

Close of Escrow shall have the meaning set forth in SECTION 4.7.2.

Close of Escrow or “Closing” means the date Escrow Holder disburses funds in accordance with this Agreement and is irrevocably committed to record the Deed in favor of Buyer.

Close of Escrow means the time of recording of the Grant Deed in the Official Records.

Close of Escrow and "Closing" means the date the Seller's Grant Deed and any other documents to be recorded on closing pursuant to the terms hereof are filed for record.