Open Escrow Clause Samples
The 'Open Escrow' clause establishes the requirement for the parties to initiate an escrow account as part of their transaction. Typically, this involves selecting a neutral third-party escrow agent who will hold funds, documents, or other assets until all agreed-upon conditions are met. For example, in a real estate transaction, the buyer deposits the purchase price into escrow, and the seller provides the deed, with the escrow agent releasing both only when all contractual obligations are satisfied. This clause ensures a secure and impartial process, protecting both parties by preventing premature release of assets and reducing the risk of default or fraud.
Open Escrow. Make sure you have all information necessary to give to the escrow officer and ask for one set of instructions to go to The Broker.
Open Escrow. Both parties meet with the Escrow Officer to specify in detail the terms of the purchase and to complete the Notice to Creditors. A 3rd party search company searches for liens against the business and the owners at the county and state level. All accepted demands filed during the escrow are paid. The Escrow Officer creates Escrow instructions specifying the details of the transaction. An initial deposit sufficient to cover expenses of the escrow, and any agreed upon deposit required by the seller.
Open Escrow. Developer shall open Escrow to acquire the Site. Fourteen (14) days prior to Agency consideration and action on the Agreement. Within thirty (30) days after the later to occur of Agency’s receipt of legible copies of the documents underlying the Exceptions or Date of Agreement. As a Condition Precedent to the close of Escrow. Within fifteen (15) days following the close of Escrow. Not later than fifteen (15) days prior to the close of Escrow. Not later than fifteen (15) days prior to close of Escrow. Not later than ten (10) days after receipt of a complete submittal from Developer Complete.
Open Escrow. Owner shall open a loan escrow. At least thirty (30) days prior to Closing.
Open Escrow. The Parties shall open Escrow with the escrow company for the conveyance of the Site. Section 304 Within 10 days after the Tract Map has been approved.