Application of Seller’s Proceeds Sample Clauses


Application of Seller’s Proceeds. Seller hereby instructs the Title Company to deduct from the amounts due it through the Escrow Seller’s share of the prorations herein, and all amounts required to be paid to the holders of any lien or encumbrance on the Property as required to permit Seller to convey title to Purchaser in the condition required by this Agreement. Seller shall have the right, by separate instructions to the Title Company, to direct the manner and payees of any funds due Seller.


Application of Seller’s Proceeds. Seller hereby instructs Escrow Holder: (i) to deduct from the Purchase Price all costs to be paid by Seller herein, the amount of the brokerage commission to be paid by Seller pursuant to Section 17 (as approved in writing by Seller), Seller’s share of the prorations herein; and (ii) to deliver to Seller, promptly after the Closing, the remainder of the Purchase Price due to Seller. By separate instructions to Escrow Agent, Seller may direct the manner and payees of any funds due Seller.