Common use of Interest Bearing Account Clause in Contracts

Interest Bearing Account. Xxxxxxx money (with a completed W-9 and other required forms), 223 224 225 226 shall be held in a federally insured interest bearing account at a financial institution designated by Escrowee. All interest earned on the xxxxxxx money shall accrue to the benefit of and be paid to Buyer. The Buyer shall be responsible for any administrative fee (not to exceed $100) charged for setting up the account. In anticipation of Closing, the Parties direct Escrowee to close the account no sooner than ten (10) Business Days prior to the anticipated Closing date.

Interest Bearing Account. Xxxxxxx money (with a completed W-9 and other required forms), 223 224 225 226 shall be held in a federally insured interest bearing account at a financial institution designated by Escrowee. All interest earned on the xxxxxxx money shall accrue to the benefit of and be paid to Buyer. The Buyer shall be responsible for any administrative fee (not to exceed $100) charged for setting up the account. In anticipation of Closing, the Parties direct Escrowee to close the account no sooner than ten (10) Business Days prior to the anticipated Closing date.

Interest Bearing Account. Xxxxxxx money (with a completed W-9 and other required forms), 223 224 225 226 shall be held in a federally insured interest bearing account at a financial institution designated by Escrowee. All interest earned on the xxxxxxx money shall accrue to the benefit of and be paid to BuyerXxxxx. The Buyer shall be responsible for any administrative fee (not to exceed $100) charged for setting up the account. In anticipation of Closing, the Parties direct Escrowee to close the account no sooner than ten (10) Business Days prior to the anticipated Closing date.