Common use of Closing Statements Clause in Contracts

Closing Statements. At Closing, Seller and Purchaser shall deposit with the Escrow Agent executed closing statements consistent with this Agreement in form required by the Escrow Agent. If Seller and Purchaser cannot agree on the closing statements to be deposited as aforesaid because of a dispute over the prorations and adjustments set forth in the closing statements, the Closing nevertheless shall occur, and the amount in dispute shall be withheld from the Purchase Price and placed in an escrow with the Escrow Agent, to be paid out upon the joint direction of the parties or pursuant to court order upon resolution or other final determination of the dispute.

Appears in 3 contracts

Samples: And Indemnity Agreement (Bluerock Residential Growth REIT, Inc.), Agreement of Purchase and Sale (Bluerock Residential Growth REIT, Inc.), sec.report

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Closing Statements. At Closing, Seller and Purchaser shall deposit with the Escrow Agent executed closing statements consistent with this Agreement in form required by the Escrow Agent. If Seller and Purchaser cannot agree on the closing statements statement to be deposited as aforesaid because of a dispute over the prorations and adjustments set forth in the closing statementstherein, the Closing nevertheless shall occur, and the amount in dispute shall be withheld from the Purchase Price and placed in an escrow with the Escrow AgentTitle Company, to be paid out upon the joint direction of the parties or pursuant to court order upon resolution or other final determination of the dispute.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Asset Capital Corporation, Inc.)

Closing Statements. At ClosingNo later than the Closing Date, Seller and Purchaser shall deposit with the Escrow Agent Holder executed closing statements consistent with this Agreement in the form required by the Escrow AgentHolder. If Seller and Purchaser cannot agree on the closing statements statement to be deposited as aforesaid because of a dispute over the prorations and adjustments set forth in the closing statementstherein, then, the Closing nevertheless shall occur, and the amount in dispute shall be withheld from the Purchase Price and placed in an escrow with the Escrow AgentHolder, to be paid out upon the joint direction of the parties or pursuant to court order upon resolution or other final determination of the dispute.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Griffin Capital Essential Asset REIT II, Inc.)

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Closing Statements. At ClosingClosing for each Phase, Seller and Purchaser shall deposit with the Escrow Agent executed closing statements for the respective Phase consistent with this Agreement in form required by the Escrow Agent. If Seller and Purchaser cannot agree on the closing statements to be deposited as aforesaid because of a dispute over the prorations and adjustments set forth in the closing statements, the Closing nevertheless shall occur, and the amount in dispute shall be withheld from the Purchase Price and placed in an escrow with the Escrow Agent, to be paid out upon the joint direction of the parties or pursuant to court order upon resolution or other final determination of the dispute.

Appears in 1 contract

Samples: Agreement of Purchase and Sale (Bluerock Residential Growth REIT, Inc.)

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