Duties of Escrow Holder. The duties of Escrow Holder shall be as follows:
Duties of Escrow Holder. Escrow Holder’s Obligations at Closing. Escrow Holder shall undertake the following at or promptly after Closing:
Duties of Escrow Holder. (a) Escrow Holder shall not be under any duty to give the Escrow Fund held by it hereunder any greater degree of care than it gives its own similar property and shall not be required to invest any funds held hereunder except as directed in this Agreement. Uninvested funds held hereunder shall not earn or accrue interest.
Duties of Escrow Holder. At or promptly after Closing, Escrow Agent shall proceed in accordance with the provisions set forth in Schedule 6.1(a).
Duties of Escrow Holder. The duties of Escrow Holder shall be as follows: (i) retain and safely keep all funds, documents and instruments deposited with it pursuant to this Agreement; (ii) upon the Closing, deliver to the Parties entitled thereto all funds, documents and instruments to be delivered through Escrow pursuant to this Agreement; (iii) upon the Closing, cause the recordation of the Grant Deed (as hereinafter defined) and the Termination of Easement (as hereinafter defined) in the Office of the County Recorder of the county where the Property is located; (iv) comply with the terms of this Agreement which specifically apply to Escrow Holder and comply with the terms of any additional written instructions jointly executed by Buyer and Seller; (v) handle the Deposit and all other funds deposited with Escrow Holder according to the terms of this Agreement; and (vi) upon the Closing, cause the Title Company to issue the Title Policy to Buyer.
Duties of Escrow Holder. The Escrow Holder shall deposit and maintain the Deposit in a federally insured interest-bearing “money market” account at Xxxxx Fargo Bank, N.A. or any other national commercial bank reasonably acceptable to Buyer, with the interest from such account to be credited upon the occurrence of the Closing to the Purchase Price. The Escrow Holder shall not commingle the Deposit with any other funds of the Escrow Holder. All interest earned on the Deposit will be the property of Buyer and will be reported to the Internal Revenue Service as income of Buyer (unless the Closing does not occur and Seller is entitled to receive the Deposit pursuant to the provisions of this Agreement). Buyer and Seller will each provide the Escrow Holder with a taxpayer identification number. If the Closing does not occur, the Escrow Holder shall disburse the Deposit to the party entitled thereto in accordance with the terms and conditions of this Agreement. If the Closing does occur, the Deposit shall be credited against the Purchase Price and disbursed to Seller on the Closing Date as part of the Purchase Price.
Duties of Escrow Holder. The duties of the Escrow Holder shall ----------------------- be as follows: (i) retain and safely keep all funds, documents and instruments deposited with it pursuant to this Agreement; (ii) disburse the Initial Deposit; (iii) upon the Closing, deliver to the parties entitled thereto all funds, documents and instruments to be delivered through the Escrow Holder pursuant to this Agreement; and (iv) upon the Closing, cause the recordation of the documents required for this transaction in the Official Records. Escrow Holder is instructed to (v) request that the amount of the documentary transfer tax due be shown on a separate paper and affixed to the Grant Deed by the County Recorder after the permanent record thereof is made; (vi) comply with the terms of this Agreement which specifically apply to the Escrow Holder and comply with the terms of any additional instructions jointly executed by Xxxxx and Seller; (vii) deposit all monies held by Escrow Holder in an interest bearing account according to further written instructions signed by Xxxxx and not in conflict with the terms of this Agreement; and (viii) upon the Closing, cause the Title Company to issue to Buyer the Title Policy in the amount of the Purchase Price insuring Buyer (or Trustee as applicable) as the fee owner of the Property and, if applicable, the lender's policy of title insurance referred to in Section 4.3 above.
Duties of Escrow Holder. Escrow Holder’s duties hereunder shall be limited to the safekeeping of Escrow Funds and documents deposited with Escrow Holder and for the disposition and/or disbursement of same in accordance with the written instructions acceptable by Escrow Holder. Additional instructions to Escrow Holder are as follows: During the Escrow Period, the parties agree that the Escrow Account is established (a) to hold funds deposited with Issuer by Subscribers (b) neither Broker nor Issuer shall be entitled to Escrow Funds until there is a satisfactory sale to investors “in a bona fide transaction that are fully paid and cleared in accordance with the applicable regulations between Broker, Issuer, and Subscribers. The Parties herewith confirm to Escrow Holder that it is not to be concerned with any agreements between Issuer, Broker, and Subscribers made outside of this escrow and that Escrow Holder’s sole task is to safeguard and hold funds deposited with Secured Trust Escrow by Issuer. Issuer and Xxxxxx jointly and severally indemnify and hold Escrow Holder, its employees, officers, and successors harmless from any and all costs, damages, or liability it may incur, including out of pocket costs and legal fees to defend itself from any and all claims, including claims by Subscribers. Issuer: Broker:
Duties of Escrow Holder. On the Close of Escrow, Escrow Holder shall (1) cause the Deed, and the Assignment and Assumption of REA, and the Assignment and Assumption of Leases (as to those Leases that are recorded only) to be recorded in the Office of the County Recorder of Dallas County, Texas, (2) deliver to Buyer the Title Policy, (3) deliver to Seller the cash proceeds in accordance with the Closing Statement, and (4) forward to Buyer and Seller, in duplicate, an accounting of all funds received and disbursed and copies of all executed and recorded or filed documents deposited into Escrow, with such recording and filing dated endorsed thereon.
Duties of Escrow Holder. The parties agree that Escrow Holder shall act in such capacity, subject to the following terms and conditions:
