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. 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. There is, with respect to such Mortgage Loan, a valid and enforceable escrow letter duly executed by the Settlement Agent.
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 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.
Escrow Letter. 5.5 The Seller and the Purchaser shall act in good faith and use all reasonable endeavours to agree the Escrow Letter with the Escrow Agent in a form consistent with the provisions of Schedule 12 of this Agreement by a date which is before the Completion Date. New Contracts
Escrow Letter. An Escrow Agent for such Construction Project shall have executed and delivered to the Administrative Agent the escrow account acknowledgement letter set forth in Exhibit A attached to this Agreement.
Escrow Letter the letter, in agreed form, from the Buyer and the Sellers’ Representatives instructing and authorising the Escrow Agent to establish and operate the Escrow Account. Estimated Liability: in relation to an Outstanding Claim, a genuine and bona fide estimate of the amount of the Sellers’ liability to the Buyer if the Outstanding Claim were to be resolved in the Buyer’s favour, as determined by the Buyer (acting reasonably). FSMA: the Financial Services and Markets Xxx 0000. Fundamental Claim: a claim for breach of any of the Fundamental Warranties.
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#000000000 for further credit to Account #__________________ Reference: /Nikko/(Customer) --------
