Escrow Letter Clause Samples

Escrow Letter. Buyer, Seller, the Debt Financing Sources, American AgCredit, and the Title Company shall have executed a form of escrow instruction letter consistent with this Agreement, the Debt Commitment Letter, and the Collateral Release Letter, and otherwise reasonably acceptable to the Debt Financing Sources.

Escrow Letter. An Escrow Letter in the form attached hereto as Appendix E executed by each Contributing Person.

Escrow Letter. As of the date hereof and as of the date of each delivery of a Wet Loan, the Settlement Agent has executed an escrow agreement or letter, copies of which shall be maintained in the possession of Seller and provided to Buyer upon request, if required, stating that in the event of a Rescission of or if for any reason the Loan fails to fund on a given day, the party conducting the closing is holding all funds which would have been disbursed on behalf of the Mortgagor as agent for the benefit of Buyer and such funds shall be redeposited in the Disbursement Account for the benefit of Buyer not later than one Business Day after the date of Rescission or other failure of the Loan to fund on a given day. Such Escrow Letter inures to the benefit of, and the rights thereunder may be enforced by, the loan originator and its successors and assigns, including Buyer.

Escrow Letter. ADDENDUM TO ESCROW INSTRUCTIONS ------------------------------- Dated: _______________, 199__ Escrow #: ______________________________________ Customer: ______________________________________ The funds to be used for closing this transaction may be provided via wire transfer from Bankers Trust Company of California, N.A. You are to hold the closing funds in trust for Bankers Trust Company of California, N.A. until such time as the funds are disbursed in accordance with the escrow instructions. If the loan is not funded within three (3) business days of receipt of the funds, you are to return such funds via federal funds wire to Bankers Trust Company of California, N.A. as follows: Bankers Trust Company of California, N.A., ABA#▇▇▇▇▇▇▇▇▇ for further credit to Account #__________________ Reference: /Nikko/(Customer) --------

Escrow Letter. There is, with respect to such Mortgage Loan, a valid and enforceable escrow letter duly executed by the Settlement Agent.

Escrow Letter the letter, or agreement in a form to be agreed between the Buyer’s Solicitors, the Sellers’ Solicitors and the Escrow Agent, instructing and authorising the Escrow Agents to establish and operate the Retention Account. Event: has the meaning given in Schedule 7. FSMA: the Financial Services and Markets ▇▇▇ ▇▇▇▇. Group: in relation to a company, that company, its subsidiaries, any company of which it is a subsidiary (its holding company) and any other subsidiaries of any such holding company; and each company in a group is a member of the group. Unless the context otherwise requires, the application of the definition of Group to any company at any time will apply to the company as it is at that time. Holding company and subsidiary: a "holding company" and "subsidiary" as defined in section 1159 of the Companies ▇▇▇ ▇▇▇▇ and a company shall be treated, for the purposes only of the membership requirement contained in subsections 1159(1)(b) and (c), as a member of another company even if its shares in that other company are registered in the name of (a) another person (or its nominee), by way of security or in connection with the taking of security, or (b) its nominee. In the case of a limited liability partnership which is a subsidiary of a company or another limited liability partnership, section 1159 of the Companies ▇▇▇ ▇▇▇▇ shall be amended so that: (a) references in sub sections 1159(1)(a) and (c) to voting rights are to the members' rights to vote on all or substantially all matters which are decided by a vote of the members of the limited liability partnership; and (b) the reference in section 1159(1)(b) to the right to appoint or remove a majority of its board of directors is to the right to appoint or remove members holding a majority of the voting rights. IHTA 1984: the Inheritance Tax ▇▇▇ ▇▇▇▇. Indemnity Claim: a claim for breach of any of the indemnities in clause 11.

Escrow Letter. As of the date hereof and as of the date of each delivery of a Wet Loan, the Settlement Agent has executed an Escrow Letter. Upon request by the Lender, all such escrow agreements in possession of the Borrowers shall be delivered to the Lender or made available for audit by the Lender or its designee, as requested by the Lender.

Escrow Letter. Escrow shall acknowledge receipt of and agree to comply with the terms of the escrow agreement.

Escrow Letter. As of the date hereof and as of the date of each delivery of a Wet Funded Loan, the Settlement Agent has executed an escrow agreement or letter stating that in the event of a Rescission of or if for any reason the Loan fails to fund on a given day, the party conducting the closing is holding all funds which would have been disbursed on behalf of the Mortgagor as agent for the benefit of the Buyer and such funds shall be redeposited in the Disbursement Account for benefit of the Buyer not later than 5:00 p.m. (New York City time) of the date of Rescission or other failure of the Loan to fund on a given day. Such Escrow Letter inures to the benefit of, and the rights thereunder may be enforced by, the loan originator and its successors and assigns, including the Buyer.