INITIAL RECEIPT Sample Clauses
The INITIAL RECEIPT clause defines the point at which a party is considered to have officially received a document, notice, or item under the agreement. Typically, this clause specifies the methods of delivery—such as email, courier, or postal mail—and sets out when receipt is deemed to occur, for example, upon actual delivery or after a certain number of days. Its core function is to provide certainty and prevent disputes about when communications or deliveries are recognized as received, ensuring both parties are clear on their obligations and timelines.
INITIAL RECEIPT. The Purchase and Sale Agreement, together with the Initial Deposit, has been received by Escrow Agent on this the 15th day of September, 2004, and Escrow Agent acknowledges the terms of Section 1 thereof, agrees to hold the Initial Deposit in accordance with the terms of Section 1 thereof, and agrees to perform as Escrow Agent in accordance with the terms of Section 1 thereof. ESCROW AGENT: LAWYERS TITLE INSURANCE COMPANY By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Title: Vice President The Additional Deposit has been received by Escrow Agent on this day of , 2004, and Escrow Agent agrees to hold the Additional Deposit in accordance with the terms of Section 1 of the above-described Purchase and Sale Agreement. ESCROW AGENT: LAWYERS TITLE INSURANCE COMPANY By: Name: Title:
INITIAL RECEIPT. Escrow Agent joins in the Purchase and Sale Agreement and acknowledges the terms of Section 1 thereof, agrees to hold the Initial Deposit in accordance with the terms of Section 1 thereof, and agrees to perform as Escrow Agent in accordance with the terms of Section 1 thereof. ESCROW AGENT: LAWYERS TITLE INSURANCE CORPORATION By: Name: Title: Execution Version - Purchase and Sale Agreement