Common use of Closing Through Escrow Clause in Contracts

Closing Through Escrow. The purchase of the Property shall be ---------------------- consummated by means of an escrow established with Escrow Holder. The date on which Escrow Holder receives Buyer's Initial Deposit shall be referred to as the "Opening of Escrow." The parties shall close the Escrow on or before the Outside Closing Date. Although the parties have agreed and are bound to the Outside Closing Date, the terms "Closing" and "Close of Escrow" as used herein shall mean that date when a grant deed conveying the Property to Buyer is recorded in the Official Records of Los Angeles County, California (the "Official Records"). This Agreement shall be deposited with Escrow Holder and shall constitute escrow instructions to Escrow Holder from Buyer and Seller, together with such instructions and general provisions and conditions consistent with the terms of this Agreement which Escrow Holder may reasonably request. ▇▇▇▇▇ and Seller agree to execute promptly any such supplemental escrow instructions requested by ▇▇▇▇▇▇ Holder. In the event of any conflict or inconsistency between such general provisions and conditions of such supplemental escrow instructions and the provisions of this Agreement, the provisions of this Agreement shall control.

Closing Through Escrow. The purchase of the Property shall be ---------------------- consummated by means of an escrow established with Escrow Holder. The date on which Escrow Holder receives Buyer's Initial Deposit shall be referred to as the "Opening of Escrow." The parties shall close the Escrow on or before the Outside Closing Date. Although the parties have agreed and are bound to the Outside Closing Date, the terms "Closing" and "Close of Escrow" as used herein shall mean that date when a grant deed conveying the Property to Buyer is recorded in the Official Records of Los Angeles County, California (the "Official Records"). This Agreement shall be deposited with Escrow Holder and shall constitute escrow instructions to Escrow Holder from Buyer and Seller, together with such instructions and general provisions and conditions consistent with the terms of this Agreement which Escrow Holder may reasonably request. ▇▇▇▇▇ Buyer and Seller agree to execute promptly any such supplemental escrow instructions requested by ▇▇▇▇▇▇ Escrow Holder. In the event of any conflict or inconsistency between such general provisions and conditions of such supplemental escrow instructions and the provisions of this Agreement, the provisions of this Agreement shall control.