Common use of Escrow Authorization Clause in Contracts

Escrow Authorization. Seller authorizes and Sterling Rail may so instruct any 3rd Party Escrow Company or Closing Agent to collect from Purchaser and disburse to Seller and Sterling Rail all amounts Payable to Seller and Sterling Rail under this Agreement. Any and all fees due and payable to 3rd Party Escrow Company or Closing Agent shall be the sole responsibility of Sterling Rail.

Appears in 2 contracts

Sources: Non Exclusive Listing Agreement, Non Exclusive Listing Agreement