Disburse Funds. Escrow Holder shall credit all matters addressed in Paragraphs 3 and 10 and prorate all matters addressed in Paragraph 11 based upon the Proration and Expense Schedule and disburse the balance of the Purchase Price to Seller promptly upon the Close of Escrow and remaining funds, if any, to Buyer.
Disburse Funds. Escrow Holder shall debit or credit (as provided herein) all charges to Buyer and Seller and withhold funds pursuant to Section 11. The Purchase Price (less any amounts required to be withheld as provided in Section 11(d)) shall be distributed by check or wire transfer as instructed by Seller (and, in such event, in accordance with such instructions).
Disburse Funds. Escrow Holder shall debit or credit (as provided herein) all Buyer’s Costs and Debited Amounts, Seller’s Costs and Debited Amounts and general expenses, prorate matters and withhold funds as provided herein. The Purchase Price, less any applicable debits or credits (which have been confirmed in writing by Seller to Escrow Holder and which may include any liens as to which such liens and the amount to satisfy such liens) shall be distributed by check payable to Seller unless Escrow Holder is instructed otherwise in writing signed by Seller (and, in such event, in accordance with such instructions). Seller authorizes Xxxxxx Holder to request demands for payment and to make such payments from the Purchase Price (or such other funds, if any, as are advanced by Seller) to defray the cost of removing deeds of trust, liens and other encumbrances (but not for obligations of Buyer).
Disburse Funds. Disburse on a regular basis from funds deposited pursuant to Paragraph (j) above all compensation due and payable to independent contractors hired pursuant to the authority contained herein and all premiums for the payment of insurance placed pursuant to the authority contained herein, and any other sums otherwise due and payable by the Association as operating expenses authorized to be incurred under the terms of this Agreement or otherwise, including compensation to MGMTCO as hereinafter provided. Any remaining balance of said funds not otherwise disbursed pursuant to this Paragraph may be disbursed from time to time or transferred only as specifically authorized by the Board of Directors of the Association in writing. It is understood and agreed by the parties hereto that MGMTCO in the course of prudent management of funds accruing pursuant to this Agreement, may, from time to time, recommend to the Board particular dispositions of said excess balances, such as temporary deposit in special interest-bearing accounts, or other short-term investments; such disposition, however, to occur only upon the express authorization of the Board. Reports. Render regular reports to the Association as set forth below: Monthly (to be rendered no later than the fifteenth (15th) of each succeeding month). Balance Sheet (listing of Association assets, liabilities and equities); Income/Expense Statement (showing all income and itemized expenses, including comparison with annual operating budget); Disbursement Listing (including payee, invoice number, invoice date, date paid, number and amount of corresponding payment check and amount charged); Delinquency Report (including months delinquent, amount due, and action taken, if any); Prepay Report (including months prepaid and amount by homeowner); and Management Report (including currently pending management actions, correspondence, and results of inspections undertaken pursuant to Paragraph (c) above). Quarterly (to be rendered no later than the twentieth (20th) of the month following the close of each calendar quarter). Homeowners List (homeowners’ names; address; tenants’ name, if any; and assessment levels). It is understood by the parties that the format of particular reports may evolve over time, however, the above information as a minimum will be provided in each case. In addition, MGMTCO shall render to the Association such special financial reports as may, from time to time, be requested by the Board of Directors and ...
Disburse Funds. Escrow Holder shall credit all matters addressed in Paragraphs 3 and 10 and prorate all matters addressed in Paragraph 11 based upon the Proration and Expense Schedule and disburse the balance of the funds pursuant to a mutually acceptable settlement statement.
Disburse Funds. Escrow Holder shall debit or credit (as provided herein) all Buyer’s Costs and Debited Amounts, Seller’s Costs and Debited Amounts and General Expenses, prorate matters and withhold funds as provided herein. The Purchase Price, less any applicable debits or credits (which have been confirmed in writing by Seller to Escrow Holder and which may include any liens as to which such liens and the amount to satisfy such liens) shall be distributed by check payable to Seller unless Escrow Holder is instructed otherwise in writing signed by Seller (and, in such event, in accordance with such instructions). Seller authorizes Escrow Holder to request demands for payment and to make such payments from the Purchase Price (or such other funds, if any, as are advanced by Seller) to defray the cost of removing deeds of trust, liens and other encumbrances (but not for obligations of Buyer). Escrow Holder shall disburse on behalf of Buyer such moneys as are deposited by Buyer (in addition to the Purchase Price and Buyer’s share of closing costs) as the commission for Buyer’s Agent (unless Buyer’s Agent shall deliver a written statement to Escrow Holder which indicates that Buyer has arranged to pay Buyer’s Agent outside escrow and that payment of such remuneration is a matter with respect to which Escrow Holder and Seller need not be concerned).
Disburse Funds. Escrow Holder shall credit and/or charge all matters stated to be credited or charged to a party in Paragraphs 3 and 10 and prorate all matters addressed in Paragraph 11 based upon the Proration and Expense Schedule and disburse the Purchase Price, as adjusted by such credits and prorations (together with all other items payable to Seller) to Seller promptly upon the Close of Escrow and disburse remaining funds, if any, to Buyer as Buyer may direct.
Disburse Funds. Escrow Holder shall debit or credit (as provided herein) all Buyer’s Costs and Debited Amounts, Seller’s Costs and Debited Amounts and General Expenses, prorate matters and withhold funds as provided herein. The Purchase Price, less any applicable debits or credits (which have been confirmed in writing by Seller to Escrow Holder) shall be distributed by check payable to Seller unless Escrow Holder is instructed otherwise in writing signed by Seller (and, in such event, in accordance with such instructions). Seller authorizes Escrow Holder to request demands for payment and to make such payments from the Purchase Price (or such other funds, if any, as are advanced by Seller) to defray the cost of removing deeds of trust, liens and other encumbrances (but not for obligations of Buyer).
Disburse Funds. Escrow Holder shall credit all matters addressed in the final proration schedule and disburse the Purchase Price to Seller promptly upon the Closing.
Disburse Funds. Escrow Holder shall debit or credit (as provided -------------- herein) all Buyer's Costs, Seller's Costs and General Expenses; prorate all matters based upon the agreed upon Proration and Expense Schedule; disburse the Purchase Price to Seller promptly upon the Closing; and disburse the remaining funds, if any, to Buyer.
