Settlement Service Clause Samples
The Settlement Service clause defines the procedures and responsibilities related to the completion of a transaction, typically involving the transfer of funds and property between parties. It outlines the steps required to finalize the deal, such as the timing of payments, the delivery of necessary documents, and the involvement of third-party agents like escrow or title companies. By specifying these details, the clause ensures that both parties understand their obligations and the process for closing the transaction, thereby reducing the risk of disputes and facilitating a smooth and efficient settlement.
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Settlement Service. At any time when the Agent elects, in its sole discretion, to implement such Settlement Service, each such assignment shall be effected by the assigning Lender and proposed assignee pursuant to the procedures then in effect under the Settlement Service, which procedures shall be consistent with the other provisions of this Section 11.17(a). Each assigning Lender and proposed Eligible Assignee shall comply with the requirements of the Settlement Service in connection with effecting any assignment of Loan pursuant to the Settlement Service. With the prior written approval of Agent, Agent's approval of such Eligible Assignee shall be deemed to have been automatically granted with respect to any transfer effected through the Settlement Service. Assignments and assumptions of the Loan shall be effected by the provisions otherwise set forth herein until Agent notifies Lenders of the Settlement Service as set forth herein.
Settlement Service. Assignments and assumptions of the Loan shall be effected by the provisions otherwise set forth herein until Agent notifies Lenders of the Settlement Service as set forth herein.
Settlement Service. Party A shall provide payment and receipt services as well as other ancillary services related to settlement services to Party B in the settlement account opened by Party B in Party A. Within the agreed valid period, the annual fee for settlement services shall not exceed RMB 7.6 million.
Settlement Service. Party B opens a settlement account in Party A, and Party A will provide payment and receipt services as well as other ancillary services related to settlement services to Party B.
Settlement Service. With the prior approval of each of the Administrative Agent and the Borrower, as applicable, the Administrative Agent’s and the Borrower’s approval of such Eligible Assignee shall be deemed to have been automatically granted with respect to any transfer affected through the Settlement Service. Assignments and assumptions of the Loans and Delayed Draw Commitment Amounts shall be effected by the provisions otherwise set forth herein until the Administrative Agent notifies Lenders of the Settlement Service as set forth herein.
Settlement Service. Rule 4.1
Settlement Service. Owner’s title insurance policy Simultaneously-issued mortgagee’s title policy paid to insurer Closing fee Endorsements to owner’s title insurance policy and/or mortgagee’s title insurance policy Minimum rate promulgated by the Florida Department of Insurance $25 $500-750 Minimum rate promulgated by the Florida Department of Insurance (2)