Post-Closing Escrow. At Closing, the Escrow Agent shall hold back $200,000.00 of the Purchase Price proceeds to be placed in escrow for a period of three hundred sixty-five (365) days after the Closing pursuant to a mutually agreeable escrow agreement, which funds shall be used to satisfy surviving post-Closing obligations of Seller under this Agreement and/or any documents executed by Seller and delivered to Buyer at Closing.
Appears in 1 contract
Sources: Real Estate Purchase Agreement (Griffin-American Healthcare REIT III, Inc.)
Post-Closing Escrow. At Closing, the Escrow Agent shall hold back $200,000.00 250,000.00 of the Purchase Price proceeds to be placed in escrow for a period of three two hundred sixty-five seventy (365270) days after the Closing pursuant to a mutually agreeable escrow agreement, which funds shall be used to satisfy surviving post-Closing obligations of Seller under this Agreement and/or any documents executed by Seller and delivered to Buyer at Closing.
Appears in 1 contract
Sources: Real Estate Purchase Agreement (Griffin-American Healthcare REIT III, Inc.)
Post-Closing Escrow. At Closing, the Escrow Agent shall hold back a total of Two Hundred Fifty Thousand and No/100 Dollars ($200,000.00 of the Purchase Price proceeds 250,000.00) to be placed in escrow for a period of three hundred sixty-five six (3656) days months after the Closing pursuant to a mutually agreeable escrow agreementagreement to be agreed upon on or before the day which is five (5) Business Days prior to Closing, which funds shall be used to satisfy surviving post-Closing obligations of Seller under this Agreement and/or any documents executed by Seller and delivered to Buyer at Closing.
Appears in 1 contract
Sources: Real Estate Purchase Agreement (Griffin-American Healthcare REIT IV, Inc.)